Money

Cashless is the new king for S-E Asia

THE days of pulling out dollar notes and coins to pay may be numbered. The cashless trend is picking up quickly in South-east Asia as more people are swiping or tapping away on their mobile phones...

Thai bank targets US$1b spinoff among its fintech units

[BANGKOK] Siam Commercial Bank Pcl plans to spin off some of its fintech divisions as it tries to monetise its push into technology investment at a time of sluggish earnings from traditional...

Spotify-backer Northzone raises US$500m for new investments

[LONDON] Venture capital (VC) firm Northzone said it raised US$500 million to create its ninth fund for investing in startups across Europe and the US, following lucrative early bets on companies...

For start-ups, cash is king. Again

SAN FRANCISCO (NYTIMES) - Mark Frank, who runs a health technology start-up called SonderMind, had planned to wait until the end of 2020 to raise more money for his company.

Money FM podcast: MAS CFO shares takeaways from the Singapore Fintech Festival

Sopnendu Mohanty, chief fintech officer, Monetary Authority of Singapore, talks about insights gained after wrapping up the biggest edition of the Singapore Fintech Festival to date.

Asia Partners banks on 'Golden Age' from rising affluence of the middle class

THRONGS of firms have sprung up to follow the scent of South-east Asia's burgeoning startup scene. Asia Partners, one of the new investors in town, wants to capitalise on what it calls the "Golden...

Saudi Aramco valuation set at up to US$1.7t

SAUDI Aramco has set a price range for its listing that implies the oil giant is worth between US$1.6 trillion and US$1.7 trillion, below the US$2 trillion the Saudi crown prince had targeted but...

ESG's venture arm SEEDS S$140m in funds over three years

SINGAPORE-BASED venture capital (VC) firm Wavemaker Partners might now be known as one of the handful of VCs specialising in deep tech, but it might have turned out differently had it not taken...

TransferWise CEO preps for Malaysia launch, no IPO plans for now

[SINGAPORE] TransferWise Ltd, which recently raised funds at a US$3.5 billion valuation, is launching an international payments service in Malaysia soon as part of an ongoing Asian expansion, chief...

Mastercard takes on digitalisation trend with new experience centre

PAYMENTS network Mastercard unveils its experience centre this month for the Singapore FinTech Festival, a space for clients and partners to collaborate for idea generation, co-creation of new...