Financial Technology

The $300m in funding secured in H1 was less than half of 2021’s full-year investment value.

Few manage to break even, and those that do are back by conglomerates.

It has launched a savings account with a customizable pockets feature.

WealthTech captured most of the seed funding; Marketplace Lending unlikely to rebound.

Payment gateway Xendit raised $300m in its Series D funding to help push up the numbers.

If it continues this trend, fintech investments will be down 39% in 2022.   Financial technology (companies in Australia raised $0.8b of capital...

The partnership will enable the expansion of BNPL services on the payment platform.

The country signed a similar agreement with four other countries.

And Credit Suisse names new head of private banking in Switzerland.

There were only eight investment transactions during the quarter.

The firm was founded by brothers Jeames Cheow and JJohn Cheow in 2011.

By Sumit Kumar, Managing Director and Partner, Boston Consulting Group

High smartphone and internet use drive its use.

The global payments firm is investing $20m.

The company can now offer services exclusive for MPI licence holders.

Similar to its namesake, the platform is now the backbone of the country’s digital payments system.