The Southeast Asian fintech startup has been a dynamic landscape, with countries like China, India, Singapore, and Indonesia emerging as fintech hubs, each with unique strengths and focus areas. Besides, governments across Asia actively work on fintech regulations to balance innovation and consumer protection. In 2023, the industry attracted substantial investments, with strong financial inclusion […]

Indian fintech platform PhonePe has raised an additional $200 million in investments from Walmart, bringing the company closer to its $1 billion target fundraise in capital. This latest investment was made at a pre-money valuation of $12 billion, adding to the $650 million funding aid PhonePe has already received from various global investors. The company […]

Singapore and India recently launched a linkage that will allow customers to send and receive funds between bank accounts or e-wallets across the two countries in real-time. The linkage involves the Monetary Authority of Singapore (MAS) and the Reserve Bank of India (RBI) together with Singapore’s PayNow and India’s Unified Payments Interface (UPI). In a […]

Fintech stock trading platform MarketWolf announced raising $10 million in a Series A funding round co-anchored by Jungle Ventures and Dream Capital. Existing investors and others including 9Unicorns, iSeed, Crescent and Riverwalk, also participated in the round, which brings the total capital raised by the company to $17.4 million since inception. MarketWolf intends to use […]

GetVantage, a revenue-based finance platform (RBF), has raised $36 million in funding, backed by returning investors Chiratae Ventures and Dream Incubator Japan as well as Varanium Nexgen Fintech Fund and DMI Sparkle Fund. Sony Innovation Fund, InCred Capital, and Haldiram’s Family Office also participated in the funding round, according to the announcement. Bhavik Vasa, founder, […]

Indian FinTech unicorn Pine Labs has received $50 million in funding from a London-based private equity giant Virtruvian Partners. Pine Labs provides payment services for retailers’ in-store and internet channels. It also offers analytics and consumer interaction services such as loyalty, incentives, and cashback. With this latest funding, the firm’s valuation has soared to US$5 […]

India-based FinTech startup Stack Finance offers customized investment strategies for retail investors based on their goals and risk-taking capabilities. With over a year of experience working at Citibank, NIT-Bhopal graduate Smriti Tomar confirmed what she already knew: it takes a long time to innovate at large corporations. Smriti explains, “There’s a full-fledged protocol that they […]

India-based FinTech startup RevFin has raised US$13 million in its pre Series A funding round led by Northern Arc, LiquiLoans, and UK charity Shell Foundation among others. RevFin that offers electric vehicle (EV) financing digital platform plans to use the fresh funding to expand into new geographies for financing three-wheelers and make a foray into […]

India-based banking tech platform Zeta has secured US$30 million funding as a part of strategic investment from Mastercard and other investors, taking the company’s valuation to US$1.5 billion. The funding is in continuation of the US$240 million fundraise that Zeta secured in May 2021 from SoftBank Vision Fund 2. The funding valued company at US$1.45 […]

India-based student loan FinTech startup Kuhoo has raised US$20 million in Seed Funding from WestBridge Capital. The startup will be using the fresh funding to transform the student loan FinTech sector. Kuhoo aims to provide online loans to students aspiring to study in universities both in India and abroad. It is also the first student […]