The facility will be deployed through Validus' Indonesian subsidiary Batumbu ..read more

DCS Innov previously tapped HolyWally to develop its InstaWally solution ..read more

Valverde will deploy Broadridge's tech to support its recently launched Valverde ASEAN+ Fund ..read more

Syfe claims to have achieved profitability in Singapore in "early 2024", five years after its launch ..read more

Payoneer CEO John Caplan says the deal will "accelerate our evolution and B2B momentum ..read more

Former Worldpay chief Sigrid Hulsebosch has been hired as the new CFO of Singapore-headquartered B2B payments infrastructure firm Thunes. New Thunes CFO, Sigrid Hulsebosch (Image: LinkedIn) Hulsebosch will take charge of Thunes’ financial strategies and global finance function, with financial planning, treasury, tax, reporting and investor relations included in her new remit. She is to work alongside COO Chloé Mayenobe and directly with CEO Floris De Kort, both of whom assumed their current positions within the last year. Thunes says Hulsebosch brings “over two decades of financial leadershi ..read more

Singapore-based fintech start-up Partior, a joint venture between JP Morgan, DBS Bank and Singapore government-owned investment firm Temasek founded in 2021, has secured more than $60 million in a Series B funding round. Partior secures more than $60m in Series B funding The round was led by Peak XV Partners (formerly Sequoia Capital India & SEA) with additional participation from new backers Valor Capital Group and Jump Trading Group alongside existing shareholders JP Morgan, Standard Chartered and Temasek. Partior has developed a “global unified ledger” based on blo ..read more

Supply chain financing platform TASConnect is set to acquire the Vietnamese and Malaysian subsidiaries of Solv, an online marketplace for micro, small and medium-sized enterprises (MSMEs) based in India. TASConnect acquires Solv’s Malaysia and Vietnam subsidiaries TASConnect says the deal to buy Solv Malaysia has already been completed, while the purchase of Solv Vietnam is ongoing. Solv Malaysia will now be rebranded to TASConnect Malaysia, while a similar initiative for Solv Vietnam remains “under review”. Financial terms of the deals have not been disclosed. Singapore-based TASConnect, wh ..read more

Azqore, an IT and banking operations technology provider for private banks and wealth managers, has tapped US payments technology provider Volante Technologies to deliver modern SEPA instant payments and ISO 20022 messaging services for its customers. Azqore selects Volante for SEPA instant payments The Switzerland-headquartered company is set to integrate Volante’s Payments-as-a-Service (PaaS) tech into its core banking infrastructure to help ensure compliance with the European Commission’s incoming SEPA instant payments mandate. The cloud-native, API-driven solution allows for real-time pa ..read more

Blockchain infrastructure platform Paxos is set to begin issuing stablecoins and other digital payment token services in Singapore after receiving a major payment institution (MPI) licence from the Monetary Authority of Singapore (MAS). Paxos secures MPI licence for stablecoin issuance in Singapore Singapore becomes the third market worldwide, after the USA and the UAE, where New York-headquartered Paxos is licenced to issue stablecoins. Its latest approval comes just less than a year after MAS established a new regulatory framework for stablecoins, mandating key requirements for issuers inc ..read more