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The fintech unicorns in Asia are moving to reshape the very fabric of how people and businesses interact with money. Out of the unicorns worldwide valued at a combined $4 trillion , a rising share are coming out of Asias fast-moving fintech ecosystem. These include two decacorns from India and China, each valued at over $10 billion.
Southeast Asias fintech industry is flourishing, driven by soaring adoption of digital payments, alternative lending, and wealthtech. In Southeast Asia alone, 85% of adults are underbanked, translating to approximately 300 million individuals lacking adequate access to financial services. CAGR between 2024 and 2029, reaching nearly US$1.7
A Tracxn Technologies report highlights that the Southeast Asia fintech ecosystem experienced its zenith in 2021, marking the highest annual equity funding in the last decade. A visual overview of the SEA fintech sector’s funding trajectory from 2017 to 2024, showcasing the sharp decline after a record-breaking 2021.
Fintech solutions are changing this landscape, offering SMEs tailored tools to overcome these barriers. From innovative lending platforms to advanced payment processing, fintech is enabling them to access growth opportunities and thrive in today’s competitive markets. Fintech companies see this gap as an opportunity to innovate.
In Vietnam, bank-owned apps are rapidly gaining popularity across all generations, outpacing independent fintech platforms like MoMo and ZaloPay, which are seeing a decline in usage and preference, according to a new report by Decision Lab, a Vietnamese market research firm. But most importantly, these platforms popularity increased.
Fintech is all about keeping up in a fast-moving industry. In Singapore, where cutting-edge financial innovation meets smart regulations, the fintech scene is buzzing with competition and collaboration. 6 Fintech Events to Attend in Singapore in 2025 1.
equity stake in Jingle Pay , one of the fastest growing fintechs in the MENAP region. The Bank’s fintech investment underscores its commitment to driving digital transformation and fostering financial inclusion across key markets. Jingle Pay was recently awarded the top global fintech for remittances into Pakistan.
In this exclusive Fintech Review interview, Adam Swartzbaugh, CEO of Almond FinTech , discusses transformative cross-border payment technology. How does Almond FinTech ’s proprietary technology enhance the speed and transparency of cross-border transactions for financial institutions? Let’s dive in.
With fintechs gender gap stuck in the dark ages, does the next generation of women even want in? Hannah Duncan takes her Gen-Z sister to the Women in Fintech Powerlist celebration to find out. How can a young woman on the precipice of her career get into fintech? Soon-to-be graduates are the future, and we need them.
ProjectPay , the construction payments fintech, which received a project grant funded by the government’s innovation division, Innovate UK, to research and test how to solve cashflow problems in the construction industry, has now published its findings. The report has been provided to the government.
Southeast Asias fintech sector recorded US$1.6 Y-o-Y Funding Trends Source: Tracxn Despite these challenges, the fintech industry emerged as one of the strongest performers in the regions tech startup ecosystem, driven by the ongoing digital transformation fueled by e-commerce and the adoption of contactless payments. billion in 2022.
The post Avoiding Over-Regulation: American Fintech Council Warns That FDIC New Act Could Hinder Innovation appeared first on The Fintech Times. By collaborating with stakeholders, the FDIC can foster responsible innovation while ensuring transparency, accuracy, and security in custodial account recordkeeping.
The Ultimate Guide for Founders, CFOs, and Finance Teams Choosing the right fintech stack can make or break a company’s financial operations. Whether you are a B2B founder building a global marketplace, a CFO steering a SaaS scale-up, or a finance team tasked with managing complex payments, finding the best fintech tools is critical.
We previously explored why the convergence of SaaS and fintech is so compelling. Now, as fintech matures and SaaS evolves, a second wave is taking shape. Now, as fintech matures and SaaS evolves, a second wave is taking shape. This is SaaS fintech v2.0. In contrast, SaaS fintech v2.0 SaaS fintech v2.0
Philadelphia Eagles star running back Saquon Barkley has not only become an investor in fintech startup Ramp, he is also the star of the companys first Super Bowl commercial. Interestingly, it was Barkley who reached out to Ramp about investing, not the other way around as is so often the case with celebrity endorsements.
Worth, a company focused on helping fintechs, banks, and enterprises underwrite small and medium-sized businesses more easily, has raised $20 million in a seed funding round, the startup tells TechCrunch exclusively. Its a large seed round, especially these days when capital is harder to come by.
Leeds played host to the latest FinTech North conference this week, drawing over 250 attendees from across the UKs fintech ecosystem. I am so proud to be the Mayor that everywhere I go, when people used to 10 years ago talk about fintech and financial services in London, theyre now talking about us.
dtcpay has a strong track record of innovation and achievement in the fintech sector. The post dtcpay Announces Shift to Stablecoin-Only Payment Services by 2025 appeared first on Fintech Singapore. This surge highlights the increasing demand for stability and reliability in digital payments.
Fintech giant Stripe is laying off 300 people, according to a leaked memo reported on Tuesday by Business Insider. The affected employees are largely in product, engineering, and operations roles, the memo said.
Digital banking startup Mercury has raised $300 million in primary and secondary funding at a $3.5 billion post-money valuation, the company confirmed to TechCrunch on Wednesday. The valuation is more than double the startups valuation when it last raised capital a $120 million Series B round in 2021 that valued the company at $1.62 […]
However, the widespread adoption of smartphones, increased Internet penetration, and a booming startup ecosystem have broken down these barriers, fostering a thriving fintech landscape. Booming adoption of fintech Besides digital payments, other fintech innovations are also seeing increased usage and traction. rate in 2023.
Outlined under Decree 94 issued on 29 April, the initiative introduces a regulatory sandbox for fintech innovations in the banking sector, set to begin on 1 July. The pilot is expected to guide future legislation while ensuring consumer protection in Vietnams growing fintech ecosystem.
The 13 APAC companies featured this year span a diverse range of industries, including telecoms, financial institutions, tech giants, and fintech startups. It also offers payment, foreign exchange (FX) and banking services to other banks and fintech companies in the sector. DBS Bank serves more than 12 million customers in 19 markets.
Chinese tech giant Tencent and Visa announced a new partnership to bring palm recognition payments to international markets at the Singapore Fintech Festival. The post Tencent and Visa Roll Out Palm Payment Trial in Singapore appeared first on Fintech Singapore. said Adeline Kim, Visa Country Manager for Singapore & Brunei.
Money20/20 Asia’s show focus, Empowering Humanity Through Collaboration: Pioneering Secure, Frictionless, and Sustainable Fintech Innovation in Asia, explores the future of finance and sustainable, collaborative fintech innovation. In 2025, Money20/20 Asia continues to evolve, bringing together top minds in banking and fintech.
” The report highlights the transformative potential of CaaS in enabling banks and fintechs to become distributors of payment services to industries across the board, unlocking new revenue streams and driving growth in the digital economy.
On the heels of its IPO filing, Swedish fintech giant Klarna announced on Monday that it will exclusively provide buy now, pay later loans for Walmart. Klarna will provide the loans to Walmart customers through OnePay, a fintech startup in which it owns […] 2024 TechCrunch.
.” The new crypto payment solution will be demonstrated at the Singapore Fintech Festival from 6-8 November 2024, where Ingenico will provide a live showcase at its booth.
Morgan (formerly Onyx) to enhance cross-border payment accuracy in Malaysia, Thailand, and Hong Kong, This makes Nium the first fintech to provide data for validating bank account details in these markets. The post Nium, Kinexys by JP Morgan Enhance Cross-Border Payment Accuracy in Asia appeared first on Fintech Singapore.
Tenity, a global innovation ecosystem and early-stage fintech investor, is expanding its focus on decentralised finance (DeFi) through its Incubation Fund II. Through its Incubation Fund II, Tenity invests in fintech and insurtech at the pre-seed and seed stage via accelerator programmes in Zurich, Singapore, and Tallinn.
India is one of the largest and fastest-growing fintech markets in the world. Furthermore, adoption rate of fintech stands at an impressive 87%, well above the global average of 67%. In 2024, Indias fintech market was estimated to be valued at around US$110 billion.
Indonesian fintech company JULO has launched a new feature to ensure quick loan disbursement, introducing the “Instant Disbursement Guarantee.” By making sure that almost all transactions are completed on time, we’re setting a new standard for fintech reliability while building trust in digital financial services.”
Today, the six-year-old fintech startup is announcing a different kind of expansion — one that takes it into more of […] 2024 TechCrunch. Over the years, Ramp has built a name for itself in the corporate card and expense management space. Its branched out into travel, bill pay, and more, while raising over $1.2
Deutsche Bank has joined the extended Series B funding round for blockchain-based fintech firm Partior , bringing the total raised to US$80 million and marking the close of the round. The platform is expanding its presence across the Americas, EMEA, and Asia, collaborating with banks, central banks, and fintech firms to drive adoption.
Ghana’s fintech landscape is rapidly evolving, characterized by high mobile phone penetration and a robust mobile money ecosystem. Beyond mobile money, sectors like InsurTech, LendTech, and Buy Now, Pay Later (BNPL) are experiencing significant growth, presenting a dynamic and diverse fintech environment.
As businesses and individuals increasingly seek faster and more reliable payment solutions, Thunes remains at the forefront of innovation, connecting the world’s leading fintech innovators, financial institutions, and marketplaces with the global financial ecosystem.” said Chloe Mayenobe, President and COO of Thunes.
The post Cross-Border QR Payments Now Live Between Vietnam and Laos appeared first on Fintech Singapore. Beyond facilitating everyday transactions, this system is expected to enhance people-to-people connectivity by simplifying cross-border payments for tourism, consumption, and personal exchanges.
It underscores Visa’s commitment to supporting fintech innovation and financial inclusion in the region.” ” The post Cake by VPBank Leverages Visa for Cloud-Based Card Management appeared first on Fintech Singapore.
billion, the round revealed a decreased valuation for the California-based fintech. billion during fintech’s brief hype days of 2021, Plaid’s valuation is currently less than half that, at $6.1 .” While today’s funds increase Plaid’s total funding to $1.3 Once valued at $13.4 Revenue is much higher.”
Aspire has partnered with fintech infrastructure provider Episode Six to introduce a multi-currency corporate card for small and medium-sized businesses (SMBs) in Singapore and Hong Kong. The new card is aimed at helping Aspires 50,000 SMB customers manage cross-border payments more efficiently.
Featured image credit: Edited from Freepik The post India in Talks to Forge New Cross-Border Payment Linkages, Says RBI appeared first on Fintech Singapore. India’s efforts signal its growing influence in shaping the global financial ecosystem, particularly through innovations in payment infrastructure and digital currency frameworks.
This move is part of Thredd ‘s efforts to strengthen its platform, products, and regional support for fintech firms and programme managers worldwide. Featured image credit: Edited from Freepik The post Thredd Expands Leadership Team with Four Key Appointments appeared first on Fintech Singapore. said Jim McCarthy, CEO at Thredd.
SC Ventures, Standard Chartereds fintech investment arm, has launched Labamu , an invoicing and billing platform for APAC small and medium enterprises (SMEs). Featured image credit: Edited from Freepik The post SC Ventures Launches Labamu to Aid APAC SMEs with Billing, Financial Tools appeared first on Fintech Singapore. trillion.
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