Seize Financial Group Raises Over $300m In Funding Round S&p World Market Intelligence

by deepika

○ Tencent and state-owned UnionPay have partnered to make use of the identical QR codes on cell funds. UnionPay thereby reinforces its place of alternative within the Alibaba-Tencent cell payment duopoly; its app, QuickPass, boasts 240m customers, in contrast with Alipay’s 900m and WeChat’s 1.2bn. ○ Blockchain-powered remittance services startup Lightnet has raised a US$31.2m Series A from UOB Venture Management, Hanwha Investment and Securities, Seven Bank, Hopeshine Ventures, Signum Capital, Du Capital, Uni-President Asset Holdings and HashKey Capital. Seven Bank notably owns all 7-Eleven stores in Japan – and ~69,200 convenience stores globally. ○ MassMutual Ventures has launched its second SEA fund – US$100m, focusing on digital well being, financial know-how and enterprise software.

Find out who lands the place in the rankings for banking, watch and finance, and see the categories for our standouts, a special recognition meant to highlight roles with heightened visibility and the exemplary female leaders who are rethinking the best way ahead at a important time. The acting comptroller of the currency stated new CECL requirements will help banks climate present financial uncertainty. The shortly shifting deposit picture — an impact of the Federal Reserve’s speedy rate of interest will increase — is prompting many banks to raise charges to stop depositors from leaving. Several institutions noticed their loan-to-deposit ratios jump above 100 percent in the course of the third quarter.

Seeing as OneWeb went bankrupt initially of the pandemic, the brand new investment continues a turnaround journey back from the brink. The fintech plans to use the brand new funds to help extra people and SMEs access the benefits of economic companies. To do that, Grab will invest additional in expertise, and increase its choices in SEA with more reasonably priced, efficient and transparent financial options.

YouTube is testing a streamlined way to buy items which might be used or mentioned in your favourite channels. The service says that creators who’re part of the pilot can include certain merchandise of their videos. If you click or faucet on a shopping bag icon in the bottom left of the display, YouTube will show a listing of the featured items. Blockrise has 10,000 users on the waiting record for the cardboard, which can launch this 12 months underneath Gemini’s brand, stories Finextra.

Grab is betting on growing demand from the region’s rising class of merchants and shoppers,” reportedThe Information. Indian state-run banks that sold authorities bonds in the last few periods might not immediately turn consumers, as their focus shifts to slicing down investment under the Statutory Liquidity Ratio to fund credit progress, analysts stated. State-run banks offered bonds value greater than 304 billion rupees ($3.sixty nine billion), on a web basis, within the 25 buying and selling periods through Dec. 6, data from the Clearing Corp of India confirmed vuelo digital telemundo. India has requested state-run corporations to increase imports of pure gasoline in anticipation of upper power demand subsequent summer season, three government sources stated, aiming to avoid repeating a power disaster in April that was its worst in more than six years. An unrelenting heatwave this year sparked unprecedented electricity use in April, when power demand outstripped estimates by more than 7% and led to widespread power outages. The injection of capital, though, which takes OneWeb’s equity value to $2.7 billion, helps fund the second era of the corporate’s satellites.

Informing, connecting, and remodeling the global company venture capital ecosystem. A consortium between Grab-Singtel was also among a quantity of firms awarded a full digital-banking license by the Monetary Authority of Singapore in December 2020. Keppel introduced that it increased its stake from 26% to 42% by acquiring a 16% stake in the joint venture. ○ Business college HEC Paris – my alma mater – has launched HEC Ventures, its alumni Venture Capital fund managed by Idinvest Partners. ○ TikTok has partnered with freemium video streaming service provider Iflix to convey its short video content to Iflix’s 17m customers in 13 international locations in SEA. ○ MAS-regulated blockchain capital markets agency iSTOX has obtained US$5m in financing from Hanwha Asset Management.

Grab Financial Group , Southeast Asia ‘s main FinTech platform, yesterday introduced that it has raised over $300m in its Series A funding spherical, led by Hanwha Asset Management, South Korea’s leading asset management company. Grab Financial Group, the fintech platform in Southeast Asia, has introduced it has raised over $300 million in a Series A funding spherical led by Hanwha Asset Management. As to other investors, they are K3 Ventures, GGV Capital, Arbor Ventures, and Flourish Ventures. Singaporean fintech Grab has raised over $300m in a Series A funding spherical to increase its growing monetary services business. “Today’s announcement will assist us realize the promise of GENE WRITING expertise and our mission of curing illness by writing within the code of life.”

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