Sea acquires Indonesian bank to gain fintech foothold
SINGAPORE • Singapore’s Sea, the tech start-up that has become South-east Asia’s most valuable company, has acquired Indonesia’s Bank Kesejahteraan Ekonomi, according to [...]
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The Ideal African Fintech Group to Back
Private equity firm Africa Capital Alliance has invested $20m in Nigeria-focused financial services company Accelerex as it pursues a continent-wide expansion plan. Mauritus-based [...]
TransferWise doubles annual profit, adds millions of customers
LONDON (BLOOMBERG) – TransferWise said annual profit more than doubled as it attracted millions of new customers with an expansion of its money-transfer [...]
Jack Ma's Ant Group hit by flurry of new rules ahead of mega IPO
BEIJING (BLOOMBERG) – Ant Group was dealt another blow by yet more regulations to contain risks in the country’s burgeoning online lending industry [...]
MAS commits $250 million to fast-track financial sector innovation, develop Singaporean fintech talent
SINGAPORE – The Monetary Authority of Singapore (MAS) is stepping up its support for fintech here, by committing $250 million in the second [...]
EDBI invests in fraud protection fintech Vesta
SINGAPORE – Fraud-protection fintech Vesta has secured a strategic investment from EDBI, the corporate investment arm of Economic Development Board, to help power [...]
Blockchain-based payments network jointly developed by MAS on track for commercial use
SINGAPORE – Singapore has developed a blockchain-based payments network that enables payments to be carried out in different currencies on the same network, [...]