MADCash, the Malaysian fintech startup specializing in zero-interest micro-funding for women entrepreneurs, has successfully concluded its pre-Series A funding round with a RM 5 million investment. Artem Ventures led the investment charge, with contributions from MSW Ventures and the ScaleUp Founders Fund.  With the funding, MADCash aims to empower women entrepreneurs who are often unbanked […]

Malaysian recommerce platform, CompAsia, has secured series A funding in a round led by Gobi Partners, a Pan-Asian venture capital firm. The exact amount of funding remains undisclosed. The funding injection will support CompAsia’s ambition to expand its presence in Asia.  CompAsia specializes in creating an integrated platform that facilitates the trading and purchasing of […]

HashKey Exchange has become the inaugural recipient of a license under Hong Kong’s new cryptocurrency regulatory framework. The approval allows the platform to legally facilitate the retail trading of tokens, as authorities aim to cultivate Hong Kong as a global hub for the crypto industry. Upgrading its existing licenses, HashKey now has the green light […]

Stockbit Investa Bersama (Stockbit), an Indonesian digital investment platform, and Fullerton Fund Management Company (Fullerton), a Singapore-based investment specialist, have jointly acquired Ayers Asia Asset Management, a Jakarta-based asset management firm.  Fullerton expressed its commitment to collaborate with Stockbit in developing and providing high-quality investment solutions that cater to a diverse range of investors, including […]

Wanting to ease the complexities of total wealth management, WRISE Group has announced the official launch of “WRISE Wealth Management Hong Kong” (WRISE WM HK), a technologically advanced wealth management firm for Hong Kong’s ultra-high-net-worth individuals (UHNWIs) and their family offices. The company said in a statement that the client’s expectations for wealth management are […]

Wealthtech firm Kristal.AI announced that it secured $10 million worth of investments in its pre-series B round that will help fund its expansion into new markets and drive product and platform innovation. The firm said that it already tripped its AUM to cross the $1 billion mark in August 2022 and grow its user base […]

Global privately held brokerage firm Lockton Asia has announced the appointment of Ben Son as its new Chief Executive Officer in Korea. Lockton, which provices insurance, risk management, people solutions and retirement consulting services, said Son will be succeeding current CEO Juyeol Lee as the company’s new CEO. Juyeol Lee will remain President of Lockton […]

Indonesian wealth management startup PINA.ID announced raising $3 million in seed funding round led by AC Ventures, Vibe.VC, and & Y Combinator, with participation from XA Network. Indonesia’s top and most seasoned financial management software’s recent funding round also saw the participation of existing investors including Prasetia Dwidharma and 1982 Ventures taking part. The fresh investment […]

Wealth managers can now introduce more of their end-investors to the world of private investments through a newly-launched institutional service on digital securities exchange ADDX. Corporate treasuries and family offices can also take part in the space via a corporate service to diversify their portfolios through private market products. Both services fall under a new […]

Philippine-based wealth management platform Seedbox Technologies announced that it raised $6 million in its latest funding round backed by SBI Ventures and Philippine Equity Partners. The new funding will support Seedbox’s rapid growth and allow the company to scale its operations with investments in upgrading its technology platform, enhancing its product suite, and expanding its […]