Bain Capital taps Chekk for KYB and KYC solutions
Chekk says its SaaS solutions “remove the pain and costs” from interactions between companies and customers.
Asia Pacific
Singapore’s Funding Societies acquires paytech CardUp
Funding Societies says that all of CardUp’s employees across Asia will be retained.
UNO Digital Bank taps Businessnext to boost customer experience
Businessnext’s automated AI solutions will support the bank’s customer-facing managers.
Vietnamese fintech Finhay raises $25m in Series B round
Finhay says it will use the money to scale its business and recruit new talent.
Indonesian paytech Flip bags $55m in second Series B round
The new funding brings Flip’s total Series B round to over $100 million.
Razer Fintech acquires Indonesian paytech E2Pay in a bid to expand
With this acquisition, Razer Fintech says it marks its further expansion into Indonesia.
HSBC-backed trade platform Serai shuts down
Serai was on a mission “to simplify global trade” by providing supply chain solutions to brands and manufacturers.
Money 20/20 Europe: How is the rise of fintech transforming the next generation of banking?
Kahina Van Dyke believes the biggest shift in legacy financial services is learning to unlock human potential.
Indonesian crypto investment platform Pintu lands $113m Series B funding
Intudo Ventures, Lightspeed, Northstar Group and Pantera Capital participated in the round.
Singapore’s Anext launches as digital wholesale bank
The soft launch comes after the firm received approval from MAS to commence business.
KAF Investment Bank appoints Rafiza Ghazali to lead its upcoming digital bank
Ghazali is currently group CEO of Cradle Fund and has previously worked at RHB Investment Bank.
ICYMI fintech funding round-up: Tranch, Quantifeed, Chekk & Crowd Data Systems
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Babel Finance bags $80m Series B at $2bn valuation
The firm says it limits business to Bitcoin, Ethereum and stablecoins, and serves around 500 “select clientele”.
Taiwan’s Mega Bank selects Avaloq’s core banking platform
Mega Bank will deploy Avaloq’s core platform to digitalise its private banking business.
Private market exchange ADDX raises $58m pre-Series B funding
Singapore’s ADDX has now raised approximately $120 million in funding to date.
Jack Ma’s Alibaba and Ant Financial leave Paytm Mall
The Indian firm’s valuation fell from $3 billion in 2020 to $13 million now – a drop of almost 99%.
Singapore’s MatchMove acquires Shopmatic for $200m
Post-acquisition, Shopmatic CEO Anurag Avula will continue in his role.
Payments infrastructure firm Xendit lands $300m Series D round
This latest round brings Xendit’s total funding raised to date to $538 million.
Hong Kong’s Planto partners NZ fintech Cogo to promote sustainability
The new software will enable consumers and small businesses to view their daily carbon footprint.
ICYMI fintech funding round-up: CertifID, Bridgecard & Forward
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Finbourne Technology hires Robert Byrne as CTO
The appointment follows the company’s recent expansion into North America and APAC.
Core banking vendor Thought Machine raises $160m Series D
Thought Machine’s valuation has doubled since its Series C in November last year, when it raised $200 million.
Vietnam’s Saigon-Hanoi Bank taps Temenos for digital upgrade
SHB will leverage Temenos’ open architecture to deliver personalised and AI-supported customer journeys.
Bank of China’s Luxembourg arm picks ERI’s Olympic Banking System
The core banking system will be used to support BOC’s custody and clearing business.
Asia fintech funding round-up: SadaPay & Finbots.AI
A handy round-up of the recent funding endeavours of Asian fintech firms.
Al Rajhi Bank Malaysia picks Moneythor to strengthen digital bank offering
The bank will integrate Moneythor’s personal financial management features.
Singapore’s Nium to acquire alternative payments network Socash
The acquisition is expected to close in Q3 2022, subject to customary regulatory conditions.
Taiwan’s Cathay United Bank goes live with Avaloq’s core banking tech
Avaloq says its core platform “creates a solid foundation for Cathay Bank”.
FinTech Futures: Top five stories of the week – 22 April 2022
Here’s our pick of five of the top news stories from the world of finance and tech this week.
UK paytech MYPINPAD merges with Singapore’s SmartPesa
The new combined entity will operate under the MYPINPAD brand and will double its global footprint.
Ant Group snaps up majority stake in 2C2P to drive digital payments adoption
Ant Group will become a majority shareholder of 2C2P.
Anti-fraud platform SEON raises $94m Series B to fuel global expansion
The start-up will use the fresh capital to expand throughout North America, LatAm and APAC.
ICYMI fintech funding round-up: Winden, EximPe, Uplinq, ImaliPay & SwooshTransfer
Our weekly fintech round-up for you to get the latest funding news from around the world.
Filipino fintech Voyager Innovations hits unicorn status with $210m raise
The new funding has propelled Voyager’s valuation to nearly $1.4 billion.
FinAccel snaps up majority stake in Indonesia’s Bank Bisnis
The acquisition of Bank Bisnis will allow FinAccel to offer digital banking and larger loans to Indonesians.
Credit fintech Liquidity lands $775m to fuel growth
Apollo partner Joshua Black will also join Liquidity’s board of directors.
Standard Chartered combines transformation, technology and operations functions
Roel Louwhoff is Standard Chartered’s new chief transformation, technology and operations officer.
au Jibun Bank: a relationship for the long term
How au Jibun Bank aims to repay customer loyalty by constantly improving their banking experiences.
Waafi Bank gears up for launch with Oracle FS tech
Oracle’s partner JMR Infotech worked on the implementation at Waafi Bank.
Mizuho partners Google Cloud to power digital transformation
MFG says it is working with Google Cloud to deliver on the evolving needs of its customers.
