Tag: Asia

Hong Kong-based Babel Finance has closed its Series A on $40m to support the development of its crypto finance platform.

KILDE, an investment platform based in Singapore, has closed its pre-seed funding round on $350,000, after a stellar ten-times growth rate in the last quarter.

Qupital, which hopes to become the go-to digital financial institution for e-commerce sellers, has secured $150m in a combination of Series B funding round and a receivables-backed securitisation facility.

Indonesia-based Investree, which is aimed at supply chain finance, has received $10.5m in debt financing.

Singapore-based financial wellness app Autumn has formed a partnership with dacadoo to enhance its mental and physical wellbeing of users.

Standard Chartered has inked a 10-year partnership with Atome Financial to help the company introduce its buy now, pay later (BNPL) service in select Asian markets.

Filipino FinTech GCash has partnered with InsurTech Igloo to help support its large customer base with bolstered online shopping protection insurance.

One of the key recent trends in global insurance has been the growth of InsurTechs in emerging markets. Research by SwissRe previously forecasted that emerging market premiums would more than double over the next ten years and outpace advanced market premium growth by four times. Post-pandemic, is this forecast still relevant?

The Monetary Authority of Singapore (MAS) has named the 15 finalists for its competition to create Central Bank Digital Currency (CBDC) solutions.

OneDegree, which claims to be one of the fastest growing InsurTech companies in Asia, has raised $28m in its Series B1 funding round.