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UOB Report: ASEAN Fintech Investment Defies Funding Winter, Surges Tenfold Since 2015

Fintech News

ASEAN’s fintech sector has seen remarkable growth, with funding rising more than tenfold since 2015, according to the Fintech in ASEAN 2024 report launched today by UOB , PwC Singapore, and the Singapore Fintech Association.

FinTech 109
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Security Bank Collaborates with Entrust to Enhance eKYC and Digital Onboarding

Finovate

Headquartered in Minneapolis, Minnesota, Entrust is a veteran of Finovate’s developer conferences in 2015 and 2016. ” Entrust is a veteran of Finovate’s developer conferences, having participated in both FinDEVr Silicon Valley 2015 and FinDEVr Silicon Valley 2016.

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PhonePe Reportedly Planning India IPO to Raise Up to US$1.5 Billion

Fintech News

Founded in 2015, PhonePe is said to be one of India’s largest digital payments platform by volume. PhonePe , the Indian digital payments firm majority-owned by Walmart Inc., is preparing for an initial public offering (IPO) that could raise up to US$1.5 billion, according to a Bloomberg report cited by DealStreetAsia.

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Toast CEO resigns

Payments Dive

Chris Comparato, who has been CEO since 2015, told the restaurant payments company’s board on Friday that he’ll exit his leadership posts on Jan.

Posting 167
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After raising $1 billion, fintech Varo closes another $29 million, replaces founder CEO

TechCrunch Fintech

Varo declined to comment on this new round but the fintech has raised just over $1 billion in funding since its 2015 inception, according to PitchBook.Fintech […] 2024 TechCrunch. Fintech Varo has been hoping to raise a $55 million Series G round but has, so far, closed on $29 million to date, according to a recent SEC filing.

FinTech 75
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Citi fined $25.9M over alleged discrimination

Payments Dive

The bank, between 2015 and 2021, denied certain credit card products to applicants with surnames ending in “ian” and “yan,” suffixes that Citi employees associated with Armenian national origin, the CFPB said.

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Digital Wallets: Intro to Apple Pay, Google Pay, and more

Cardfellow

CurrentC exclusivity expired in 2015, and some MCX retailers subsequently began accepting Apple Pay. Samsung Pay Available from electronics giant Samsung, Samsung Pay launched in 2015, compatible with the Samsung Galaxy S6 smartphone and later models. Such retailers include Walmart, Target, Gap, CVS, and 7-Eleven.

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