July 2024: Top five fintech funding rounds of the month
FinTech Futures takes a look back at five of the top funding rounds to take place over July.
Thailand
The latest fintech news, resources and expert analysis in Thailand by the leading intelligence provider for the worldwide fintech community.
ICYMI fintech funding round-up: Dopay, Wamu, Mifundo, Papaya and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Thailand’s SCB taps Sunline for core banking upgrade
SCB says the partnership will enhance its financial transaction processing performance for deposits and loans.
Thailand’s Ascend Money lands $195m investment led by MUFG
Ascend Money became Thailand’s first fintech unicorn back in 2021.
BIS readies for live implementation of Project Nexus in Asia
Institutions from India, Malaysia, the Philippines, Singapore, and Thailand will implement the project.
Money20/20 Asia unveils powerhouse line-up of Asia regulators
Money20/20 Asia takes place between 23-25 April at QSNCC in Bangkok, Thailand.
ICYMI fintech funding round-up: Navro, Finally, Cashinvoice, SUMA Wealth and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Kasikorn Bank snaps up 97% stake in cryptocurrency exchange Satang for $103m
Satang Corporation is to be rebranded as Orbix Trade Company with three new subsidiaries.
Southeast Asia’s BigPay taps Thredd to power payment processing
As BigPay expands in Southeast Asia, the firm says it needed a partner with “deep understanding of the region”.
Funding Societies secures $27m debt funding to support SMEs across Southeast Asia
Funding Societies will channel the funding into its financing solutions to support SMEs in its five operating regions.
Ant Group enables Alipay+ mobile wallet integrations in Thailand
The mobile wallets include Alipay HK (Hong Kong SAR), Kakao Pay (South Korea), and Touch ‘n Go eWallet (Malaysia).
IFGS 2023: Collaboration key for Singapore’s burgeoning fintech sector
Sopnendu Mohanty, chief fintech officer at MAS, discussed the country’s strategies and successes at IFGS 2023.
Kiatnakin Phatra Securities taps Temenos for wealth management tech
The Thailand-based wealth management firm will deploy the Swiss vendor’s Temenos Wealth solution.
Malaysian fintech HelloGold winds down core business
CEO and co-founder Robin Lee tells Fintech News Malaysia the firm is “pivoting to a B2B model”.
Thailand and Vietnam launch QR code cross-border payments link
The payments link between the two nations is designed to “enhance consumption and tourism”.
ICYMI fintech funding round-up: CertifID, Bridgecard & Forward
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Thailand’s Siam Commercial Bank invests $100m in digital finance platform Akulaku
Akulaku CEO William Li says the companies share a vision for banking that is “expansive and inclusive”.
BNPL start-up Pace raises $40m in pan-Asian Series A
The Singapore-based company has plans for international expansion.
UOB to spend $500m on boosting digital banking capabilities
The investment comes after the pandemic accelerated digital-first banking across Southeast Asia.
BIS finds CBDC-blockchain combo outclasses correspondent banking
Its new project, mBridge, experiments with new CBDC combinations.
Ascend Money becomes Thailand’s first fintech unicorn with $150m fundraise
Thai fintech plans to boost financial inclusion efforts in Southeast Asia.
Malaysian challenger BigPay raises $100m to fund Asian expansion
BigPay is the fintech unit of Malaysian budget airline AirAsia Group.
LINE BK is “an elevation for the financial industry”, says CEO
“In today’s digital world, we are stepping towards a so-called singularity era.”
Dutch VC Finch Capital snaps up Wirecard’s APAC assets
The purchases were made through Nomu Pay.
Banking Tech Awards 2020 Winner: TMRW – Best UX/CX in Finance Initiative
Exclusive interview with Kevin Lam, head of TMRW Digital Group.
Singapore and Thailand to link national payment systems in 2021
In Singapore, PayNow monthly transaction values have crossed the $3 billion mark.
Hong Kong and China pair up on digital currency experiment
The two have joined with Thailand to promote commerce in Southeast Asia.
Line launches messenger-based banking platform in Thailand
Line has developed and operates the service in collaboration with Thai bank Kasikornbank.
Bank of Thailand launches “world’s first” blockchain platform for bond issuance
IBM acted as a technology partner with its IBM Cloud.
Bank of Ayudhya goes live on Murex MX.3 technology
Thai bank aims to revamp front, back, and risk technology.
TrueMoney partners with Thunes to activate global remittances
Thunes claims to work with partners in more than 100 countries.
Thai paytech Synqa raises $80m in Series C round
Synqa plans to use the cash to expand its services in Asia.
Oracle gains three new Flexcube customers in Nigeria, Thailand, and Laos
Technology vendor also reveals 13 go-lives for Q4 2020.
Thai payments start-up Digio raises $4 million in Series B funding
The round featured Thailand’s interbank payments provider.
Singapore’s GoBear snaps up fintech AsiaKredit
GoBear’s bank partners will be able to tap underserved consumers.
Visa invests in open banking platform Railsbank
The regtech firm gained extra capital from Japanese VC Global Brain.
Siam Commercial Bank partners Azimo for money transfers from Europe
The Thai bank expands its electronic money services.
EXCLUSIVE: Woodforest National to Implement Finxact on Microsoft Azure
Furthermore, US-based Finxact has also made its first core banking system sale abroad – in Thailand.
Thai blockchain start-up Lightnet gains $31.2m in Series A funding
Lightnet plans to dislodge cross-border giants like Swift.
Payments app KogoPay crowdfunds £200k and hits £10m valuation
The London and Bangkok-based start-up tallied 281 investors.
