Accelerators & Incubators
Policy & Regulation
Amman-based Liwwa raises $6 million to fuel growth of its SME lending marketplace in Jordan and Egypt
Liwwa plans to use the investment to fuel its growth in both Jordan and Egypt, the markets it Liwwa says in dire need for capital investment.
Paytm Money picks up Rs 40 Cr($5.6Mn) from parent One97 Communications
The funding is a part of a Rs 250 crore commitment that Paytm Money received from One97 Communications six months back. The funds will be invested over the next 18 to 24 months.
WeChat Pay gets Permission to Operate Mobile Payment Service in Nepal
WeChat Pay, a digital payment platform based in China finally got its approval to operate in Nepal without any hindrances.
API infrastructure startup M2P Solutions raises Rs 10 Cr ($1.4 million) from Amrish Rau, Kunal Shah, and others
API infrastructure startup M2P Solutions will invest the funds to further develop its technology stack, expand its team, and grow in newer markets outside India.
Standard Chartered Bank
Standard Chartered, Australia’s Assembly form payments joint venture in Singapore
The new company, which will be based in Singapore, is set to run a digital platform that can manage transactions involving online, mobile, point-of-sale, e-wallet, debit and credit card, and real-time payments.
Thailand’s 'crowdfunding bonds' startup PeerPower raises pre-Series A funding from InVent, BOL
The fintech startup claims it is the first in Thailand to issue Crowdfunding Bonds, approved by the Securities and Exchange Commission Thailand (SEC).
Vietnam to remove 49% foreign ownership cap for payment firms
It had earlier claimed that the draft proposal [with the 49 per cent foreign ownership cap] was an attempt to fix safeguards and assure monetary safety.
Nigerian Lending Startup Aella Credit To Become Full-Stack Fintech After USD 10 Mn Debt Raise
Aella plans to use the USD 10 Mn raised through debt-financing to scale its lending operations and expand its product base into payments.
Paytm Launches Recurring Payments To Boost Sales Of Subscription Platforms
Users can pay for Hotstar, JioSaavn, Gaana, and Zee5 membership using this feature.
Bareksa, OVO team up for mutual funds payment
By allowing users to pay through OVO, the company expects to double the number of transactions and funds under management this year compared to last year.
PayU India co-founder Shailaz Nag’s startup Dot raises $8M in seed round
Dot is an offline-to-online commerce and fintech startup, which provides digital transformation and commerce solutions to brick and mortar stores.
Fintech startup SuperMoney raises $1M in pre-Series A from Unitus Ventures
The Mumbai-based fintech startup will use the funding to expand its team and launch operations in new cities
Instamojo buys Times Internet-backed GetMeAShop to boost non-payment services
Instamojo Technologies, the Bengaluru based payments, commerce and small business lending platform, has acquired GetMeAShop to strengthen its non-payment business verticals.
RBI Introduces ‘Low KYC’ To Help Fintech Companies Retain Customers
The newly introduced ‘low KYC’ accounts will allow customers to continue making payments using mobile wallets
2C2P ties up with Myanmar’s Wave Money
The partnership will enable 17 million WavePay users to make online purchases via their mobile phones without the need for a bank account.
Mortgage Master raises $381k in seed round
The investment has exceeded the company’s initial target to raise SG$400,000.
Kenya’s Tanda raises undisclosed funds from SA-based HAVAÍC
Tanda aims to provide access to digital financial services and affordable agency banking for the underbanked population in Kenya and the rest of East Africa.
Burmese digital commerce startup Get acquires local fintech Daung Capital
The merged entity will operate under the Get brand.
Hong Kong digital asset firm BC Group raises $36m
It was the first to apply for a license under the Hong Kong Securities and Futures Commission’s new framework for digital asset trading platforms and broker-dealers.
P2P SME lending Platform, Raqamyah, raises Seed funding from Impact46
Raqamyah is one of the first Saudi companies approved by SAMA to offer P2P lending including invoice, inventory, and term finance.
Volanews 2018–2019 Guangzhou Vola Information Technology Co., Ltd. All rights reserved.