FINTECH Volanews

INDONESIA Startups Kredivo

Kredivo Bags US$100M from US Investor to Provide Instant Credit Financing to 10M New Users in Indonesia Kredivo provides instant credit financing to customers for purchases on e-commerce, offline and cash loans, processed based on real-time decisions.

by e27

7 hours ago

INDIA Startups Cashfree

Bengaluru-Based Cashfree Raises $35.3M Series B Investment Led by Apis Growth Fund II Cashfree processes online payments for several Indian businesses. A 2017 Y Combinator alumnus, Cashfree added that it has processed over $12 billion annualised payments as of March 2020.

by YourStory

2020-11-24

SINGAPORE Startups Finantier

SG's Finantier Raises Funding in An East Ventures-Led Round to Introduce Open Finance to SEA The fintech firm, which also has a presence in Indonesia, is also eyeing an expansion into other emerging markets as its platform grows, with specific solutions adapted to each country.

by e27

2020-11-24

Saudi Arabia Startups Stc Pay

Saudi's Stc Pay Raises $200 Million from Western Union at A Valuation of $1.3 Billion Stc Pay was one of the first two companies to receive a fintech license from Saudi Arabian Monetary Authority earlier this year.

by MENAbytes

2020-11-23

SINGAPORE Startups Sleek

SG's Sleek Raises $4m Led by SEEDS Capital The proceeds will be used to expand to new markets in Asia as well as to develop digital tools for Sleek’s corporate and financial services to entrepreneurs, investors, and SMEs.

by DealStreetAsia

2020-11-23

INDIA Startups True Balance

Gurugram-Based Fintech Startup True Balance Raises $28M from Softbank, Others True Balance, which was officially launched in India in 2016, has disbursed via its primary loan products of over Rs 1 billion this year alone to India’s underbanked, uncredited, unaccessed, and the financially uneducated.

by YourStory

2020-11-19

CHINA THAILAND GIANTS

Chinese Lufax Spinoff And Thailand’s KBank Launch Wealth Management Platform The application allows Lu International to tap into Southeast Asia’s second-largest economy where mutual funds only account for 10% of Thailand’s THB 44 trillion (USD 1.5 trillion) capital market.

by KrAsia

2020-11-19

INDONESIA Startups Investree

Investree Receives US$15M from Accial Capital to Provide Loans to Indonesian SMEs The new credit facility will provide financing to more Indonesian SMEs through Investree’s diversified loan portfolio, including invoice financing, buyer financing, working capital term loan, and online seller financing.

by e27

2020-11-16

INDIA Startups SlicePay

Indian Fintech Startup Slice Raises Rs 39 Cr in Debt Funding Slice has built one-of-a-kind data-driven financial product – the Slice Card, which is a physical and virtual card, designed exclusively for young customers in India that includes freelancers, college students, and salaried professionals.

by YourStory

2020-11-12

INDONESIA Startups LinkAja

Indonesian Digital Payments Firm LinkAja Raises $100m Series B Led by Grab LinkAja started operations in June 2019 through the integration of some state-owned companies. The firm focuses on middle-class consumers and Indonesia’s Small and Medium Enterprises (SMEs).

by DealStreetAsia

2020-11-11

CHINA GIANT Ant Group

New Chinese Regulations May Slash Ant Group’s Valuation by Half The reduced valuation also means potentially lower fees for investment banks like China International Capital Corp that were counting on a windfall from Ant’s record-setting IPO.

by DealStreetAsia

2020-11-10

INDIA US GIANT

WhatsApp Gets Approval to Launch Payments Feature in India WhatsApp, which has over 400 million users in India, its biggest market, will compete with Alphabet Inc’s Google Pay, Softbank- and Alibaba-backed Paytm and Walmart’s PhonePe.

by DealStreetAsia

2020-11-09

SINGAPORE Startups Osome

SG's Osome Raises US$3M from XA Network, Altair to Aid SMEs in Corporate Accounting Osome leverages Artificial Intelligence and Machine Learning techniques, combined with the experience of human experts, to solve the problem of time-consuming administrative tasks, such as payroll and secretarial work.

by e27

2020-11-06

VIETNAM GIANT Nexttech Group

Visa Partners with Vietnam’s NextTech Group The three-year partnership will see Visa and NextTech collaborate on a range of initiatives to expand their network of sellers and buyers on social commerce platforms.

by DealStreetAsia

2020-11-05

MALAYSIA Startups CapBay

CapBay And Kenanga to Form Malaysia’s First Islamic Supply Chain Finance Fintech CapBay is a multi-bank supply chain finance and peer-to-peer financing (P2P) platform.

by KrAsia

2020-11-05

INDONESIA Startups iSeller

Indonesian iSeller Secures Series A from Mandiri, Openspace to Expand Its Omni-Channel Sales SaaS Platform The funds will be used for business expansion, including acceleration of merchant acquisition and on-boarding, as per a press statement.

by e27

2020-11-05

CHINA Startups Statrys

HK-Based Statrys Bags $5m in Angel Round Statrys, which was established in 2018, develops digital payment services that primarily cater to small-to-medium enterprises (SMEs) and entrepreneurs.

by DealStreetAsia

2020-11-05

INDIA Startups PhonePe

India PhonePe Registers 250 Mn Users, Turns Market Leader with 835 Mn UPI Transactions In October, the Flipkart-owned firm clocked over 100 million monthly active users, 2.3 billion app sessions and a record 925 million transactions with an annual TPV run rate of $277 billion.

by techcircle

2020-11-03

PAKISTAN Startups Tag

Pakistani Fintech Tag Gets In-Principle Approval of Country’S Central Bank, Receives Investment from Former Execs of N26 & Revolut The app will enable users to pay their utility bills, recharge mobile credit, make P2P transfers to other Tag users or any bank account in Pakistan, and keep an eye on their spending.

by MENAbytes

2020-11-03

SINGAPORE Startups Lucy

SG's Women-Focused Fintech Startup Lucy Bags $360k in Pre-Seed Round This capability will enable donors and investors to distribute and track grants and loans, and see female entrepreneurs find an easy way to sign up for and access the financial solutions they need to start and grow their businesses.

by techinasia

2020-11-03