Singapore’s Tazapay bags $16.9m in Series A funding round
The round brings Tazapay’s total capital raised to $18.9 million.
Singapore
Standard Chartered Bank names new group chief transformation officer
Divyesh Vithlani brings more than 30 years’ worth of banking and technology experience to his new role.
GXS Bank names Muthukrishnan Ramaswami as group CEO
Ramaswami most recently spent 12 years as president of the Singapore Exchange (SGX).
Singapore’s Trust Bank taps FIS for real-time payments
Trust Bank will make use of FIS’ real-time payments platform Open Payments Framework.
ICYMI fintech funding round-up: Ascendant, Evergreen, Kwara, Pilon & more
Featuring Ascendant, Evergreen, Komunal, Kwara, Pilon, and Sprinque.
Path Solutions founder Mohammed Kateeb to leave firm
Path Solutions founder and CEO Mohammed Kateeb is to leave the firm after managing its sale to Azentio Software in 2021.
Keyrock lands $72m in Series B funding round
Keyrock plans to invest in infrastructure development and regulatory licensing.
Challenger bank Tonik acquires paytech firm TendoPay
Through the acquisition, Tonik aims to augment its lending portfolio.
Singapore’s Osome raises $25m in Series B funding
The start-up uses machine learning to help businesses automate accounting, payroll and tax reporting.
Singapore’s Trust Bank taps Thought Machine for core banking tech
Trust has picked the vendor’s Vault Core solution to power its new digital banking offering.
UK and Singapore strengthen fintech ties
The two countries signed an MoU to remove regulatory barriers to fintech trade.
Singapore fintech Finbots.ai signs digital bank client in Asia
The firm has signed up Mongolia’s first neobank, M bank, to help build out its digital lending business.
ADDX sells stake in digital asset platform CYBAVO to fintech Circle
The deal was signed in June and concluded in July, as part of Circle’s acquisition of CYBAVO earlier this year.
Private market exchange ADDX bags $20m in expanded pre-Series B
The latest equity round brings total funds raised by ADDX since 2017 to around $140 million.
Standard Chartered and UpSwot launch pilot for SME business analytics solution
The solution will provide the bank’s SME clients with data-driven insights and forecasting capabilities.
Lendtech Ezra appoints Erwan Gelebart as new CEO
Gelebart has spent the past 14 years working for digital financial services firms across Africa and Asia.
Singaporean fintech start-up JiPay shutters
According to Crunchbase, the company raised $1.3 million in seed funding in March.
Crypto banking firm Juno lands $18m Series A, launches loyalty token
The funding round, led by ParaFi Capital’s Growth Fund, saw participation from high-profile angel investors.
Southeast Asian financial services group Fazz bags $100m Series C
The funding will be used towards building its business account and expanding across Southeast Asia.
Standard Chartered trials duplicate financing prevention solution
The Trade Financing Validation Service is powered by fintech MonetaGo’s Secure Financing system.
Blockchain trade finance platform Contour snaps up we.trade assets
The move forms part of Contour’s plans to launch a digital open account trade finance offering.
Singapore’s GXS Bank launches with savings product for the underbanked
GXS wants to address the pain points of the two in five Singapore residents who are currently underbanked.
New digital bank Trust launches in Singapore
Trust Bank’s shareholders have invested $285 million in the new challenger.
ICYMI fintech funding round-up: Banco and Stake
Our weekly fintech round-up for you to get the latest funding news from around the world.
Singapore’s Lightnet secures $50m funding to fuel growth
Lightnet aims to “improve the lives of the unbanked and underbanked populations throughout Asia Pacific”.
Digital identity firm Chekk hires Jason Lee as CTO
Lee has more than 26 years’ worth of technology experience in fintechs and large corporations.
Paytech Nium appoints Ramana Satyavarapu as new CTO
In his new role, Satyavarapu will be responsible for managing Nium’s global engineering and technology strategy.
Singapore’s UNOAsia raises funds ahead of digital bank full launch
The firm is gearing up for the commercial launch of UNO Digital Bank in the Philippines.
Singapore-based Robocash Group appoints Natalya Ischenko as new CEO
Ischenko will take over from founder Sergey Sedov, who will remain in the position of chairman of the board.
Equity management firm Qapita buys India-based ESOP Direct
Qapita is aiming to boost its presence in India.
OneConnect partners Pismo for unified digital banking solution, OneCosmo
Pismo and OneConnect entered into a strategic partnership in April this year.
Morocco’s Attijariwafa Bank partners Thunes for cross-border payments
The partnership will enable “nearly 30 million” Moroccan bank account owners to receive remittances.
Nexo offers to buy crypto platform Vauld following “financial challenges”
The potential acquisition is pending a satisfactory outcome of the initiated due diligence process.
Singapore’s Funding Societies acquires paytech CardUp
Funding Societies says that all of CardUp’s employees across Asia will be retained.
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.
Singapore’s Anext launches as digital wholesale bank
The soft launch comes after the firm received approval from MAS to commence business.
Private market exchange ADDX raises $58m pre-Series B funding
Singapore’s ADDX has now raised approximately $120 million in funding to date.
Singapore’s MatchMove acquires Shopmatic for $200m
Post-acquisition, Shopmatic CEO Anurag Avula will continue in his role.
Asia fintech funding round-up: SadaPay & Finbots.AI
A handy round-up of the recent funding endeavours of Asian fintech firms.
Singapore’s Nium to acquire alternative payments network Socash
The acquisition is expected to close in Q3 2022, subject to customary regulatory conditions.
