FinTech

TransferWise lowers fees by 15%; net profit more than doubles

AT a time where most businesses are shoring up their finances against the Covid-19 crisis, payments startup TransferWise has reduced its money transfer fees by around 15 per cent for the majority...

Buy now, profit later as investors go shopping for Australia's Afterpay

[SYDNEY] An Australian standout stock of the Covid-19 era, consumer lender Afterpay, is tipped to post a fifth straight annual loss on Thursday but will likely keep its high valuation as investors...

Online lending startup Oriente cuts over 25% of team

ONLINE lending startup Oriente on Friday confirmed that it laid off under 100 employees in June in a reduction exercise undertaken in batches from the fourth quarter of 2019.

MAS commits $250m to boost innovation, tech in financial sector

The Monetary Authority of Singapore (MAS) is stepping up its support for fintech here.

Indonesia bill payment startup Ayoconnect raises US$5m in pre-Series B round

INDONESIAN fintech company Ayoconnect has raised US$5 million in a pre-Series B funding round from investors including BRI Ventures, the corporate venture capital arm of Indonesia's Bank BRI;...

Fintechs face pressure to grow up as coronavirus casts a chill

[LONDON] Aritra Chakravarty, founder of London-based online accounts and investments provider Dozens, admits it's a tough time to be seeking up to £15 million (S$26.7 million) for a startup.

Gojek cuts 9% of staff, shuts non-core verticals amid Covid-19 pressures

INDONESIAN ride-hailing firm Gojek is laying off 430 employees, representing 9 per cent of its regional headcount, while shutting down non-core verticals.

How Singapore's digital firms are helping to build Indonesia's fintech

HOW does a newly-established Singapore fintech company land a major multi-million dollar, multi-year contract to revamp one of Indonesia's largest logistics companies?

Revolut, PolicyPal, Stashaway team up to offer medical personnel cashback, Covid-19 insurance

FINTECH startups Revolut, PolicyPal and StashAway are offering Singapore medical personnel debit card cashback (see amendment note), free Covid-19 insurance and six months of free investing...

Fintech investments in Singapore more than double in 2019

FINTECH investments in Singapore more than doubled to US$861 million in 2019 from the year before, led by big gains in funding to payments and insurtech startups.

Fintech investment in Singapore more than doubled in 2019: Accenture

FINTECH investments in Singapore more than doubled to US$861 million in 2019 from the year before, led by big gains in funding to payments and insurtech startups.