Fintech

template parts > blog > blog.layout.php

Crypto-hacks

6 Remarkable Cryptocurrency Hacks And Digital Heists

In 2019 alone, there were 12 cryptocurrency hacks with $292 million and 500,000 pieces of customer data stolen Bitcoin was first introduced to the world in 2009 when Satoshi Nakamoto, Bitcoin’s pseudonymous creator, mined the first block. Fast forward to 2020, and cryptocurrencies and blockchains are popular only within a specific, tech-savvy niche market, and have failed […]

6 Remarkable Cryptocurrency Hacks And Digital Heists Read More »

In 2019 alone, there were 12 cryptocurrency hacks with $292 million and 500,000 pieces of customer data stolen Bitcoin was first introduced to the world in 2009 when Satoshi Nakamoto, Bitcoin’s pseudonymous creator, mined the first block. Fast forward to 2020, and cryptocurrencies and blockchains are popular only within a specific, tech-savvy niche market, and have failed

template parts > blog > blog.layout.php

Singapore Trade Financing Platform Incomlend Picks Up US$20M Series A

Incomlend is focused on solutions for the global trade financing gap Singapore-based alternative trade financing startup Incomlend has secured US$20 million in its Series A round of financing, the company announced in a statement. The round was led by Sequoia Capital India, with participation from French transportation and shipping company CMA CGM Group, the company

Singapore Trade Financing Platform Incomlend Picks Up US$20M Series A Read More »

Incomlend is focused on solutions for the global trade financing gap Singapore-based alternative trade financing startup Incomlend has secured US$20 million in its Series A round of financing, the company announced in a statement. The round was led by Sequoia Capital India, with participation from French transportation and shipping company CMA CGM Group, the company

template parts > blog > blog.layout.php

Indonesian Bill Payment Fintech Ayoconnect Secures US$5M Pre-Series B

Ayoconnect helps digitize bill payments in Indonesia Indonesian fintech startup Ayoconnect (previously known as Ayopop) has raised US$5 million in a pre-Series B funding round, taking its total capital over the $10 million mark, the company announced in a statement earlier this week. Existing backers and early-stage venture capital investors Finch Capital and Amand Ventures

Indonesian Bill Payment Fintech Ayoconnect Secures US$5M Pre-Series B Read More »

Ayoconnect helps digitize bill payments in Indonesia Indonesian fintech startup Ayoconnect (previously known as Ayopop) has raised US$5 million in a pre-Series B funding round, taking its total capital over the $10 million mark, the company announced in a statement earlier this week. Existing backers and early-stage venture capital investors Finch Capital and Amand Ventures

template parts > blog > blog.layout.php

Cambodian Payments Fintech Clik Lands US$3.7M Seed Funding

Clik also announced a series of fresh C-Suite appointments Phnom Penh, Cambodia-based fintech startup Clik has closed a US$3.7 million seed funding round, the company announced in a statement released yesterday. Led by Openway and Poems Pte Ltd, an investment holding company of Singapore-based fund manager Phillip Capital, the funding is “Southeast Asia’s largest ever

Cambodian Payments Fintech Clik Lands US$3.7M Seed Funding Read More »

Clik also announced a series of fresh C-Suite appointments Phnom Penh, Cambodia-based fintech startup Clik has closed a US$3.7 million seed funding round, the company announced in a statement released yesterday. Led by Openway and Poems Pte Ltd, an investment holding company of Singapore-based fund manager Phillip Capital, the funding is “Southeast Asia’s largest ever

template parts > blog > blog.layout.php

Indian Fintech Startup Niyo Acquires Wealthtech Startup Goalwise To Expand Product Offerings

Niyo has raised approximately US$49.2 million till date and counts Tencent among its backers Indian fintech startup Niyo has acquired mutual funds investment platform Goalwise to expand its product offerings to Millennials, the company announced in a statement yesterday. Niyo Co-founders CEO Vinay Bagri and CTO Virender Bisht, along with Niyo, have acquired majority stakes

Indian Fintech Startup Niyo Acquires Wealthtech Startup Goalwise To Expand Product Offerings Read More »

Niyo has raised approximately US$49.2 million till date and counts Tencent among its backers Indian fintech startup Niyo has acquired mutual funds investment platform Goalwise to expand its product offerings to Millennials, the company announced in a statement yesterday. Niyo Co-founders CEO Vinay Bagri and CTO Virender Bisht, along with Niyo, have acquired majority stakes

template parts > blog > blog.layout.php

Laybuy Raises GBP 80M Debt Funding, Moves Toward ASX Listing

The pre-IPO raise will be used to bolster Laybuy’s expansion efforts in the U.K. Australasia-based ‘Buy Now, Pay Later’ (BNPL) company Laybuy has secured funding to the tune of GBP 80 ****million (US$103.65 million at current rates) as debt from Chicago-headquartered alternative investment firm Victory Park Capital (VPC), the company announced in a statement today. Laybuy

Laybuy Raises GBP 80M Debt Funding, Moves Toward ASX Listing Read More »

The pre-IPO raise will be used to bolster Laybuy’s expansion efforts in the U.K. Australasia-based ‘Buy Now, Pay Later’ (BNPL) company Laybuy has secured funding to the tune of GBP 80 ****million (US$103.65 million at current rates) as debt from Chicago-headquartered alternative investment firm Victory Park Capital (VPC), the company announced in a statement today. Laybuy

template parts > blog > blog.layout.php

Hong Kong Cross-Border Payments Platform EMQ Raises US$20M Series B, Eyes International Markets

EMQ’s Series B backers include a number of Southeast Asian investors Hong Kong-based financial settlement platform EMQ has raised US$20 million venture equity financing in its Series B round, the company announced in a statement yesterday. According to the statement, the round was led by WI Harper Group, a venture capital firm that focuses on

Hong Kong Cross-Border Payments Platform EMQ Raises US$20M Series B, Eyes International Markets Read More »

EMQ’s Series B backers include a number of Southeast Asian investors Hong Kong-based financial settlement platform EMQ has raised US$20 million venture equity financing in its Series B round, the company announced in a statement yesterday. According to the statement, the round was led by WI Harper Group, a venture capital firm that focuses on

template parts > blog > blog.layout.php

Digital Wealth Portfolio Manager StashAway Adds US$16M Series C to Its Books

The funding brings StashAway’s total paid-up capital to $36.4 million Singapore-headquartered digital wealth management platform StashAway has raised US$16 million (MYR 68.2 million) in a Series C round of funding, the company announced in a statement today. Australian venture capital fund Square Peg led the round, with participation from German media group Hubert Burda Media’s

Digital Wealth Portfolio Manager StashAway Adds US$16M Series C to Its Books Read More »

The funding brings StashAway’s total paid-up capital to $36.4 million Singapore-headquartered digital wealth management platform StashAway has raised US$16 million (MYR 68.2 million) in a Series C round of funding, the company announced in a statement today. Australian venture capital fund Square Peg led the round, with participation from German media group Hubert Burda Media’s

template parts > blog > blog.layout.php

Decentralized Finance Today is Not What Was Promised

According to Cross, although COVID-19 may lead to more frequent use of technology, it may not be enough to drive crypto adoption rapidly The concept of digital currencies has been around for a few decades, but the concept of a digital currency called Bitcoin, operating on a decentralized network, was first introduced by the pseudonymous

Decentralized Finance Today is Not What Was Promised Read More »

According to Cross, although COVID-19 may lead to more frequent use of technology, it may not be enough to drive crypto adoption rapidly The concept of digital currencies has been around for a few decades, but the concept of a digital currency called Bitcoin, operating on a decentralized network, was first introduced by the pseudonymous

template parts > blog > blog.layout.php

Ant Group IPO: Dual Listing Plans In Shanghai And Kong Kong

At a US$200 billion valuation, Ant Group’s IPO of even a small portion of its shares could lead to one of the largest IPOs in history Ant Group, the parent company of China’s largest mobile payments business Alipay, announced that it has started the process for an Initial Public Offering (IPO) with dual listing on

Ant Group IPO: Dual Listing Plans In Shanghai And Kong Kong Read More »

At a US$200 billion valuation, Ant Group’s IPO of even a small portion of its shares could lead to one of the largest IPOs in history Ant Group, the parent company of China’s largest mobile payments business Alipay, announced that it has started the process for an Initial Public Offering (IPO) with dual listing on

template parts > blog > blog.layout.php

Percipient Raises US$5M from Stat Zero

The funding will be used to launch its ‘digital twin solution’, the TWINN Percipient, a Singapore-based digital banking technology startup, has raised US$5 million funding from Silicon Valley-based venture capital (VC) company Stat Zero as of July 20, to support the launch of its pioneering ‘digital twin solution,’ the TWINN.  While businesses around the world

Percipient Raises US$5M from Stat Zero Read More »

The funding will be used to launch its ‘digital twin solution’, the TWINN Percipient, a Singapore-based digital banking technology startup, has raised US$5 million funding from Silicon Valley-based venture capital (VC) company Stat Zero as of July 20, to support the launch of its pioneering ‘digital twin solution,’ the TWINN.  While businesses around the world

template parts > blog > blog.layout.php

Deconstructing ‘Buy Now, Pay Later’ Fintech Products

Nityanand Sharma, Co-founder and CEO of Simpl, explains exactly how Pay Later works Asian consumers are not fond of the credit card. Debt-averse due to high interest rates and fees, cash-on-delivery has become the preferred payments method in several Southeast Asian markets. It would be unfair, however, to generalize the use of the credit card

Deconstructing ‘Buy Now, Pay Later’ Fintech Products Read More »

Nityanand Sharma, Co-founder and CEO of Simpl, explains exactly how Pay Later works Asian consumers are not fond of the credit card. Debt-averse due to high interest rates and fees, cash-on-delivery has become the preferred payments method in several Southeast Asian markets. It would be unfair, however, to generalize the use of the credit card

template parts > blog > blog.layout.php

Reap Raises US$5 million; Completes Seed Funding Round

Reap, a Hong Kong-based fintech startup, closed its seed fund round with US$5 million from multiple investors, per a company statement released today. The fresh funding will be used to widen the company’s range of products and services across Asia. Investors in the company include Global Founders Capital, Bertelsmann Asia Investments, Index Venture, Fresco Capital

Reap Raises US$5 million; Completes Seed Funding Round Read More »

Reap, a Hong Kong-based fintech startup, closed its seed fund round with US$5 million from multiple investors, per a company statement released today. The fresh funding will be used to widen the company’s range of products and services across Asia. Investors in the company include Global Founders Capital, Bertelsmann Asia Investments, Index Venture, Fresco Capital

template parts > blog > blog.layout.php

4 Vietnamese Fintech Startups to Watch

4 Vietnamese Fintech Startups to Watch

Vietnam’s fintech innovators are trailblazing the future of digital microtransactions. After moving up 13 places in the rankings for the world’s best startup ecosystems, investors are beginning to turn their eyes toward Vietnam’s rich offering of tech startups.  In particular, fintech businesses have gained substantial traction over the past few years. With the second highest number of fintech

4 Vietnamese Fintech Startups to Watch Read More »

Vietnam’s fintech innovators are trailblazing the future of digital microtransactions. After moving up 13 places in the rankings for the world’s best startup ecosystems, investors are beginning to turn their eyes toward Vietnam’s rich offering of tech startups.  In particular, fintech businesses have gained substantial traction over the past few years. With the second highest number of fintech

template parts > blog > blog.layout.php

Next in Line for Indonesian Fintechs: PAYFAZZ Closes US$53M Series B

PAYFAZZ is the latest startup from the Indonesian fintech industry to receive a capital boost The fintech industry in Southeast Asia is undergoing rapid transformation, with one of every two dollars in the region expected to be paid digitally by 2025, according to a study by Google, Temasek, and Bain & Company. In Indonesia especially,

Next in Line for Indonesian Fintechs: PAYFAZZ Closes US$53M Series B Read More »

PAYFAZZ is the latest startup from the Indonesian fintech industry to receive a capital boost The fintech industry in Southeast Asia is undergoing rapid transformation, with one of every two dollars in the region expected to be paid digitally by 2025, according to a study by Google, Temasek, and Bain & Company. In Indonesia especially,

template parts > blog > blog.layout.php

Aye Finance

Google’s CapitalG Leads US$27M Series E For Indian MSME Lender Aye Finance

Aye Finance has also raised several debt funding rounds since its large venture financing Indian microfinance fintech Aye Finance has raised INR 2.1 billion (approximately US $27.8 million at current rates) in Series E Round from existing investors, the company announced in a statement. The round was led by Google-owned Alphabet’s independent growth fund CapitalG.

Google’s CapitalG Leads US$27M Series E For Indian MSME Lender Aye Finance Read More »

Aye Finance has also raised several debt funding rounds since its large venture financing Indian microfinance fintech Aye Finance has raised INR 2.1 billion (approximately US $27.8 million at current rates) in Series E Round from existing investors, the company announced in a statement. The round was led by Google-owned Alphabet’s independent growth fund CapitalG.