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This week’s edition of Finovate Global showcases fintech innovation in Indonesia. Thought Machine helps modernize Islamic finance Core banking and payments technology company Thought Machine has partnered with BCA Syariah to bring digital, Sharia-compliant financial products and services to its customers. The bank, a subsidiary of Bank Central Asia (BCA), has deployed Thought Machine’s core Read more…
Kredivo Holdings has raised $270 million in Series D funding. The round was led by Japan’s Mizuho Bank. Square Peg Capital, Jungle Ventures, Naver Financial Corporation, GMO Venture Partners, and Openspace Ventures also participated. Kredivo will use the funding to enhance its status as a digital financial service provider, particularly via online lending, credit cards, Read more…
Courtesy of Tencent, Block (formerly known as Square), and existing investor Insight Partners, Indonesian consumer payments platform Flip has secured a $55 million addition to its Series B round. Also involved in the funding were a handful of individual investors including Checkout.com CEO Guillaume Pousaz, DoorDash executive Gokul Rajaram, and former Venmo COO Michael Vaughan. Read more…
Invoice and accounting SaaS solution Paper.id announced a fresh round of funding this week, closing a Series A investment from Golden Gate Ventures and Modalku. The exact amount of the round was undisclosed, though the company mentioned the funds total “billions of Rupiah” (one billion Rupiah equals just under $71,500). Paper.id will use the funds Read more…
Akshatha Kamath, Content Marketing at MoEngage, explores the fintech landscape in South East Asia, and why fintech’s need to work on their “stickiness” factor.
It’s going to be hard to avoid the avalanche of news coverage of the U.S. Presidential election this week. But if you’re looking for a respite from the political headlines, Finovate’s Fintech Rundown is here for you! Be sure to check back all week long for the latest in fintech news. Open banking Financial API Read more…
As “Back to School” season begins, we’re looking forward to a surge of fintech news over the next few days and weeks. Finovate’s Fintech Rundown is your one-stop-shop for the latest headlines, announcements, and updates. Payments ACI Worldwide partners with Red Hat to make its Enterprise Payments Platform available on any cloud infrastructure. Bank payment Read more…
Digital payment solutions company Thredd announced a partnership with global payments company LianLian Global to help the Singapore-based company launch its virtual card program in the APAC market. LianLian, which specializes in cross-border settlement services with instant payouts, selected Thredd to power its Yueda virtual card product. Designed to facilitate cross-border payments and financial management Read more…
This week’s edition of Finovate Global highlights recent fintech news from the Philippines. Philippine mobile payments company Mynt, the firm behind super app GCash, has secured an investment of $393 million courtesy of an investment from Mitsubishi UFJ (MUFG). The funding comes at virtually the same time as the company reported another $393 million investment, Read more…
This week’s edition of Finovate Global highlights recent fintech news from Singapore. Monetary Authority of Singapore announced plans to invest $74.36 million (100 million Singaporean dollars) to fund quantum computing and AI projects. The funding is part of the Financial Sector Technology and Innovation Grant Scheme (FSTI 3.0) designed to support banks and other financial Read more…
This week’s edition of Finovate Global looks at recent fintech developments in Egypt. Egyptian fintech Sahl raised $6 million in funding An investment of $6 million will help Cairo-based fintech Sahl pursue its expansion in Saudi Arabia. The funds – courtesy of a Series A round led by Ayady for Investment and Development and featuring Read more…
We’re starting off the week with a major acquisition in the U.K. lending space, as well as fintech funding news in payments, wealth management, and financial education. Digital banking Missouri-based Central Bank leverages Personetics’ AI-driven engagement platform to enhance financial wellness. SaaS core modernization and transformation solution provider for banks Zafin unveils new tools – Read more…