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Financial Technology — 21 Feb 2024

Singapore-based UnoAsia, the parent company of Uno Digital Bank in the Philippines, has completed a pre-Series B funding round, securing $32.1 million in investment. The funding, comprising equity and debt, was led by Gateway Partners, Creador Private Equity, and Nextinfinity Management. With this latest round, UnoAsia has raised approximately $75 million.  This funding injection will […]

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 […]

FinTech — 29 Aug 2023

In its recent Series A funding round, Vietnamese fintech platform MFast has successfully raised US$6 million. Wavemaker Partners, an early-stage venture capital firm with offices in Los Angeles and Singapore, led the funding. New investors include Headline Asia, based in Tokyo, and Finnoventure Fund I. MFast operates under the umbrella of Vietnam-based startup DigiPay. The […]

FinTech — 29 Mar 2023

Filipino fintech company Advance has raised US$16 million in a pre-Series A funding round led by Do Ventures and Lendable, with participation from new investors Phoenix Holdings, Kaya Founders, Foxmont Capital, Oyster Ventures, and Crossocean Ventures, as well as existing investors Wavemaker Partners, Next Billion Ventures, Integra Partners, and Accion Venture Lab. Advance aims to […]

FinTech — 24 Feb 2023

Online shopping is now made easier with the recent partnership of BillEase, a buy now, pay later (BNPL) and consumer finance app in the Philippines, and HitPay. The partnership will also allow local small and medium-sized enterprises (SMEs) to offer more convenient and card-free installment options to its customers upon checkout. “We are excited to […]

FinTech — 25 Jan 2023

Philippine-based payments startup PayMongo has named Jojo Malolos as its new president and chief executive officer (CEO), with effect from February 1, 2023. With the appointment of Malolos, Isabel Ridad will already be stepping down as the Interim CEO, the company announced in a recently released public statement. Ridad is set to leave the company […]

FinTech — 9 Dec 2022

Tonik Financial Pte. Ltd (Tonik) has announced that it entered into a landmark agreement with Tendo Payment Solutions Pte. Ltd. (Tendo) to acquire its Philippine business that is operating under the brand name TendoPay. In a statement, Tonik, the parent company of Tonik Digital Bank, Inc. in the Philippines, said their recent acquisition is set […]

EdTech — 14 Sep 2022

Philippine-based consumer finance startup BillEase announced that it has partnered with digital education company BrightCHAMPS to offer study now, pay later option. Customers can now use the BillEase app to choose from the world’s first Comprehensive Curriculum for Kids being offered at BrightCHAMPS and pay only 1/3 upfront, then split the payments in 3 months […]

Featured — 12 Sep 2022

BillEase, a consumer finance platform based in the Philippines, announced that it has closed an up to $20 million debt facility arranged by Singapore-based fintech company Helicap Securities. Earlier this year, BillEase raised $11 million in a Series B round led by BurdaPrincipal Investments, the growth capital arm of German media and tech company Hubert […]

Featured — 2 Sep 2022

Digital lending, savings deposits, and mobile money/e-wallets are set to be the most promising fintech sectors in the Philippines going forward, according to Robocash analysts. A survey conducted by the World Bank also showed the main drivers of financial inclusion and fintech are government policies and the Covid-19 pandemic. About 68% of the surveyed claim […]

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