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Deals — 9 Apr 2024

Japanese fintech leader SmartPay has secured $7 million in a pre-Series A funding round, oversubscribed and led by SMBC Venture Capital. Other participants in the round include Japanese venture capital firm Angel Bridge, European venture capital firm Global Founders Capital, and American venture capital firm Matrix Partners. Smartpay, one of the leading fintech startups in […]

FinTech — 30 Sep 2023

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 […]

Acquisitions — 26 Jun 2023

Japanese financial giant Mitsubishi UFJ Financial Group (MUFG) has announced its plans to acquire Mandala Multifinance, an Indonesian auto loan provider, for 7 trillion rupiahs ($467 million). As part of the deal, MUFG’s subsidiary, MUFG Bank, will hold a 70.6% stake in Mandala Multifinance, while Adira Dinamika Multi Finance, a subsidiary of Bank Danamon, will […]

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