WealthTech

MDOTM, which designs AI-powered investment strategies, has closed its Series B funding round on €6.2m.

Automated crypto trading platform Coinrule has reportedly netted $2.2m in its seed funding round.

Ascend Money has raised $150m in funding to become the first Thai unicorn at a $1.5bn valuation.

Singapore and Malaysia are set to begin a phased linkage of their two payment systems to support faster transactions between the two countries.

The Royal Monetary Authority (RMA) of Bhutan has teamed with cross-border crypto payment firm Ripple to pilot a central bank digital currency (CBDC) in the region.

Tag, a digital banking platform for consumers in Pakistan, has reportedly collected $12m in a funding round it claims to be the largest in seed round in the South Asian market.

A recent study by PYMNTS has projected that up to 80% of all business-to-business transactions could be conducted digitally by 2025.

Deutsche Bank is to acquire payment service provider Better Payment with the aim of expanding its market share in payment processing and acceptance.

Australian buy now, pay later (BNPL) company Zip has invested $50m into Indian BNPL firm ZestMoney to expand its global grip on the payment market.

Q2 Holdings has launched a strategic partnership with open banking platform Plaid to offer customers a secure way to connect accounts to apps and services.