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A collection of 10 posts

Asian Fintech FLOW Appoints New CEO

Asian Fintech FLOW Appoints New CEO

SINGAPORE, July 15, 2022 — FLOW, the ethical collections fintech start-up announced today it achieved both EBITDA profitability and positive cash flow. The company’s move into the black was driven by an increase in Flow Outsourcing business line revenue by ca. 2.5x in the last 12 months, as well

TechCreate, Diginius to merge into a new fintech enterprise

TechCreate, Diginius to merge into a new fintech enterprise

Singapore, Apr 19, 2022 – – TechCreate Solutions Private Limited, a Singapore-based technology services group, and Diginius Pte Ltd, are pleased to announce a merger between both companies via a share swap transaction that will value the enlarged fintech enterprise, TechCreate Group, at USD$30 million, based on a valuation that was

Boost Doubles Revenue, On Track for SEA Expansion and Growth

Boost Doubles Revenue, On Track for SEA Expansion and Growth

Kuala Lumpur, 26 January 2022 – Following an exceptional year of growth in revenues and product innovation, Boost, the fintech arm of Axiata, is now setting its sights expanding its suite of services and deepening its regional presence. Boost has evolved from a digital payment provider into a full spectrum fintech

Before Bitcoin, there was Fintech and banks are fighting on both ends to survive

Before Bitcoin, there was Fintech and banks are fighting on both ends to survive

Before there was bitcoin (BTC-USD), there was fintech and if banks are wrong to think they are winning against both. In 2017, I was asked if Bitcoin posed a threat to the banking system. My response was that if banks adopt Bitcoin as a currency (which it is), it will

Singapore's 1982 Ventures Raises US$12.5M in the First Close of Seed Fund

Singapore's 1982 Ventures Raises US$12.5M in the First Close of Seed Fund

SINGAPORE, Dec 16, 2021 – (ACN Newswire) – 1982 Ventures, a leading early-stage venture capital firm in Southeast Asia, has announced the initial close of its first seed-stage venture fund with US$12.5 million in committed capital. The fund is targeting to raise a total corpus of US$15 million. Established

Creditsights makes strategic investment in Alphastream

New York, New York, Sept 4 (Bernama) — CreditSights, a leading provider of independent fixed income research today announced that it has taken a minority stake in Alphastream, a fintech company based in Singapore. As part of the investment, Bala Subramanian, Chief Product and Technology Officer of CreditSights, will join Alphastream’

Digital wallets usage rising in Malaysia: Survey

KUALA LUMPUR, MALAYSIA – Media OutReach – 24 August 2020 – Over 75 per cent of Malaysian businesses have embraced at least one FinTech product or service over the past 12 months, according to findings from a new regional survey of business FinTech usage by global professional accounting organisation CPA Australia. Mobile payments

Singapore's expected tax increase to fund Fintech and new economic sectors: Economist

Singapore may be looking at tax increases to fund new economic growth sectors, such as fintech, said Mahamoud Islam, Senior Economist for Asia at Euler Hermes. Islam said: “With its market having an ageing population, Singapore will be doing the right thing in increasing taxes. “Singapore is also a market

Human touch is part of CIMB’s customer value proposition: Gupta

CIMB Group CEO, Group Consumer Banking, Samir Gupta said at CIMB, Customer Experience is one of the pivotal areas of the Group’s T18 strategy. Although we have digitalised and added analytics and robotics to our consumer banking business, the human touch still remains as part of CIMB’s customer

Bahrain: Fintech startups get landmark regulatory sandbox boost

The Central Bank of Bahrain (CBB) has launched a regulatory sandbox allowing tartups and fintech firms to test and experiment their banking ideas and solutions. The regulatory sandbox provides an opportunity for fintech businesses around the world to expand and thrive in the Gulf and strengthens Bahrain’s position as