Pave Bank announced that it has raised US$39 million in a funding round led by Accel. This latest raise brings the company’s total capital to over US$44 million. The round also drew participation from Tether Investments, Quona Capital, Wintermute, Helios Digital Ventures, Financial Technology Partners, Yolo Investments, Kazea Fund and GC&H Investments. The bank previously secured US$5.2 million in seed funding in December 2023, led by 468 Capital with participation from Quona Capital, FT Partners, BR Capital, W3.fund, Daedalus and several angel investors. The funds will be used to expand its regulatory reach, enhance product development, and scale its client base globally. Pave Bank operates a programmable banking platform that integrates deposits, payments, foreign exchange, cards and treasury services with fiat and digital-asset management under a single regulatory framework. The bank reports that it was profitable in seven of its first nine months, supported by automation and AI in its engineering, compliance and treasury functions. Pave Bank holds a commercial banking licence from the National Bank of Georgia and has offices in Singapore and London. Its holding company is incorporated in Singapore. The company plans to expand into the United Arab Emirates, the United States, Hong Kong and the European Economic Area.     Featured image: Edited by Fintech News Singapore, based on image by Borin via Freepik The post Pave Bank Raises US$39 Million to Scale Programmable Banking Platform appeared first on Fintech Singapore.

X has rolled out a closed beta for its new API pricing model, offering developers a usage-based alternative to the current tiered plans. Announcing our beta launch: X API pay-per-use model. We are expanding a closed beta to both new & power users who want to ship amazing apps on X. All selected users will receive a $500 voucher to build with the X API. pic.twitter.com/Rc6KxMIPOZ — Developers (@XDevelopers) October 20, 2025 According to TechCrunch, the company is inviting both new and existing developers to apply through its developer portal. The new model charges based on actual API calls rather than fixed monthly fees, with pricing that varies by function such as reading posts, sending direct messages, retrieving bookmarks, or checking trends. A calculator on the API page allows users to estimate projected costs depending on their usage volume. A comparison chart on the site shows the differences between the two systems. The previous plans charged fixed monthly fees of US$200 for basic access or US$5,000 for the Pro plan, each with strict rate limits and monthly caps. The new structure removes these caps, applies less restrictive limits, and scales costs in proportion to usage. X first restructured its API pricing in early 2023, ending free access and discontinuing third-party client apps. It later introduced paid tiers for developers, ranging from US$200 to US$42,000 per month, followed by optional top-up packs for those exceeding usage limits. The latest beta aims to provide a more flexible option within that framework. Developers selected for the trial will receive a US$500 credit to test the pay-per-use system.     Featured image: Edited by Fintech News Singapore, based on image by thanyakij-12 via Freepik The post X Offers Developers New Flexibility with Pay-Per-Use API Beta appeared first on Fintech Singapore.

Coinbase is pushing agentic commerce forward with Payments MCP, a new tool that lets AI agents create wallets, access onramps, and make stablecoin payments via the x402 protocol without human setup. Developed by the Coinbase Developer Platform, Payments MCP allows AI agents to interact directly with the crypto economy through simple prompts. It supports wallet creation, sign-in with just an email, stablecoin transactions, and fiat-to-crypto onramps. Users can configure agents, set spend limits, and manage transactions through a local desktop interface built for speed and security. The tool also includes the x402 Bazaar Explorer and guest checkout in supported regions, requiring no developer setup or API keys. Built on the Model Context Protocol (MCP), the integration lets AI models safely access external tools and services. It expands on Coinbase’s earlier work with x402, an open web-native payment protocol that revives the long-unused “402 Payment Required” HTTP status code to enable instant stablecoin payments, and comes ahead of an x402 Foundation initiative led by Coinbase and Cloudflare. By linking AI systems with blockchain infrastructure, Coinbase aims to make agentic commerce more practical, allowing AI agents to participate in real-world transactions. The company says Payments MCP is among the first tools that let popular language models such as Claude Desktop, Claude Code, Codex, Gemini, and Cherry Studio access wallets, onramps, and payments without an API key. Support for additional models is expected soon. Coinbase said Payments MCP bridges AI and decentralised finance by enabling agents to pay for compute, access paywalled data, tip creators, and manage lightweight business operations through x402. Users can set spending limits and permissions to maintain control and security while experimenting with autonomous payments. Developers can explore Payments MCP through Coinbase’s GitHub page, with documentation available on its developer portal. Coinbase plans to expand agentic commerce capabilities with additional integrations, developer tools, and LLM support.     Featured image: Edited by Fintech News Singapore, based on image by thanyakij-12 via Freepik The post Coinbase Launches Payments MCP for AI Agent Transactions with Spending Controls appeared first on Fintech Singapore.

E-commerce giant Shopee has partnered with Meta to launch new tools that help users discover products on Facebook and complete their purchases on Shopee. Through Facebook Affiliate Partnerships, a one-stop dashboard, creators can link their Facebook and Shopee affiliate accounts, tag products in posts and reels, and earn commissions when followers make purchases. Shopee, the first partner on this initiative, aims to help creators monetise their content, engage audiences, and connect brands with new customers. Affiliates under the Shopee Affiliate Programme can access higher commissions, free product samples, subscriber vouchers, and product sponsorships. Shopee also runs bootcamps and community events to support content creation and audience growth. The feature is live in Singapore, Malaysia, Thailand, Taiwan, Indonesia, Vietnam, the Philippines, and Brazil. Shopee and Meta are also testing a Facebook Live update that lets sellers add collaborative ads to livestreams. Sellers can feature and pin items from their product catalogues, directing viewers to Shopee for additional information, reviews, and purchase. The beta is being piloted in Thailand, Indonesia, Vietnam, and the Philippines, with plans to expand to other markets. “Shopee is committed to strengthening our ecosystem and improving the e-commerce experience. This includes helping brands and sellers expand their reach while creating new opportunities for affiliates to thrive and be creative. Through this partnership with Meta, we are making it easier for creators, brands, and sellers to connect their Facebook communities with Shopee’s wide product assortment and trusted platform,” said Peggy Zhu, Head of Brand and Growth Marketing at Shopee. Damian Kim “With these product updates, Meta is demonstrating how we’re evolving to meet changing consumer behaviours in the region. By integrating social content via affiliate marketing and livestreams, we’re creating opportunities for people to discover and act on their interests within their social experience. The positive early feedback from Shopee’s integration with these products validates our shared focus on meaningful discovery and connection,” said Damian Kim, APAC Director of Monetisation, Meta.     Featured image: Edited by Fintech News Singapore, based on image by DC Studio via Freepik The post Facebook Users Can Now Discover Products and Shop Directly on Shopee appeared first on Fintech Singapore.

Singapore is taking early steps to govern agentic AI and quantum computing, launching new consultations to ensure innovation advances safely and securely. Josephine Teo Minister for Digital Development and Information Josephine Teo said Singapore aims to take a proactive and practical stance in managing these technologies, which she described as requiring new thinking from policymakers and collaboration across sectors. At the Singapore International Cyber Week (SICW) 2025, Teo announced two public consultations led by the Cyber Security Agency of Singapore (CSA). One seeks feedback on Securing Agentic AI, an addendum to CSA’s 2024 Guidelines and Companion Guide on Securing AI Systems, while the other covers the Quantum-Safe Handbook and Quantum Readiness Index. The agentic AI addendum focuses on addressing new risks such as rogue actions and sensitive data exposure in systems capable of independent planning and execution. It builds on CSA’s existing AI framework with additional measures for mapping agent workflows, assessing vulnerabilities, and implementing security controls across development and deployment. CSA said the addendum was developed with input from industry, government and international partners. To strengthen industry cooperation, Teo also announced that CSA will sign Memoranda of Cooperation with Google, Amazon Web Services (AWS), and TRM Labs to boost AI-driven intelligence sharing and joint cybersecurity operations. From AI Governance to Quantum Security The Quantum-Safe Handbook, developed with GovTech and IMDA, provides guidance for organisations preparing for the arrival of quantum computers capable of breaking current encryption systems. It highlights five key domains: Risk Assessment, Governance, Technology, Training and Capability, and External Engagements. It urges early planning to mitigate potential “harvest-now, decrypt-later” attacks, where data stolen today could be compromised once quantum technology matures. Teo said successful technology governance will depend on international cooperation, noting that a breakthrough in quantum computing anywhere could affect encryption everywhere. Singapore, she added, will continue to collaborate globally to align standards and strengthen cybersecurity readiness. Both consultations are open until 31 December 2025. Feedback on the Securing Agentic AI addendum can be sent to aisecurity@csa.gov.sg, while submissions on the Quantum-Safe Handbook and Quantum Readiness Index can be made via go.gov.sg/quantumsafefeedback. Enquiries may be directed to quantum-safe@csa.gov.sg. Draft documents are available on www.csa.gov.sg.     Featured image: Edited by Fintech News Singapore, based on image by Singapore International Cyber Week via LinkedIn  The post Josephine Teo Says Singapore Will Act Early to Govern Agentic AI, Quantum Tech appeared first on Fintech Singapore.

Invest Hong Kong (InvestHK) announced the 10th anniversary of the Hong Kong Fintech Week x StartmeupHK Festival 2025 (HKFW x SMUF) recently, which will be held from 3 November 2025 to 7 November 2025. The landmark joint celebration will mark a decade of innovation, bringing together two of the city’s flagship events to create an expanded platform spanning the full spectrum of technology, entrepreneurship, and business transformation. The collaboration reaffirms Hong Kong’s commitment to driving the digital economy, leveraging its position as a leading international financial centre and a vibrant start-up hub. As Hong Kong’s premier innovation-focused event, HKFW x SMUF is organised by the Financial Services and the Treasury Bureau (FSTB), the Commerce and Economic Development Bureau (CEDB) and InvestHK, in collaboration with the Hong Kong Monetary Authority (HKMA), the Securities and Futures Commission (SFC), the Insurance Authority, and the appointed event organiser, Finoverse. The event is expected to attract over 37,000 attendees, featuring more than 800 leading speakers and 700+ exhibitors from more than 100 economies. The main conference, taking place from 3 November 2025 to 4 November 2025 at the Hong Kong Convention and Exhibition Centre, will enable the event to reach its largest scale ever. The Theme for 2025, Curating the New Fintech Era Consistently ranked among the world’s top three international financial centres and a long-standing leader in Asia, Hong Kong has made bold moves to strengthen its standing as a global fintech powerhouse. The city was recently recognised by the Global Financial Centres Index as the world’s No. 1 fintech hub, a testament to its central role in driving financial innovation worldwide. With more than 1,100 fintech firms now operating in Hong Kong and the sector projected to generate US$606 billion in revenue by 2032, that too at an annual growth rate of 28.5%, Hong Kong Fintech Week is set to further amplify its global reach and reinforce its status as Asia’s premier fintech event. The Secretary for Financial Services and the Treasury, Christopher Hui, said, Christopher Hui “This year’s theme of Fintech Week is ‘Curating the New Fintech Era’.  It is indeed our promise that Hong Kong will not only adapt to the future of fintech but will also shape the next chapter of global finance, where capital flows more intelligently and technology addresses real-world economic challenges.” He went on to add that the Government will continue to work closely with the financial regulators and the fintech industry to build Hong Kong as an ideal destination for embracing and leading fintech, with a view to establishing scalable and sustainable fintech solutions that drive the global economy forward. A Launchpad for Start-ups to Scale Globally Start-ups attending HKFW x SMUF will gain access to ample resources on a unified platform. The event will foster a thriving community of entrepreneurs, investors, and industry leaders, with thought-provoking content on innovation, emerging technologies, and scaling strategies. Participants will include start-up founders, investors, and pioneers from sectors such as AI, fintech, green tech, health tech, proptech, and more. HKFW x SMUF will offer opportunities for ventures to secure funding, form partnerships, and break into Asia and global markets. The Secretary for Commerce and Economic Development, Algernon Yau, said that start-ups make up an important part of any economy, with fresh ideas that call for changes to the economy. He added that Hong Kong is the right place for start-ups to be created and to scale. Yau continued, Algernon Yau “Apart from the favourable business environment in Hong Kong, the start-ups here are supported by a strong network of incubators and accelerators, a pool of experienced angels and venture capitalists, a host of government-backed programmes and a welcoming business community.” He further elaborated that the number of start-ups in Hong Kong has increased from about 1,600 a decade ago to around 4,700 last year. The expansion is a result of the pro-start-up measures taken by the Government over the years. The Next Chapter of Building More, Together The main conference will feature 11 targeted forums with curated programmes. These include the Policy Forum, Visionary Forum, InsurTech Forum, HealthTech Forum, Wealth & Investment Management Forum, Digital Finance Forum, Digital Assets Forum, Blockchain & Web3 Forum, AI & Advanced Tech Forum, China-Global Innovation Forum, and TechX Forum. A Platform for Global Connections and Collaboration The Director-General of Investment Promotion of InvestHK, Alpha Lau, said that the HKFW x SMUF is much more than a conference. She elaborated that they are essentially strategic platforms driving tangible two-way investment flows and fostering meaningful collaborations. She continued, Alpha Lau “This year, we will welcome over 30 delegations, including leading Chinese Mainland tech hubs such as Beijing and Shenzhen, seeking ‘go global’ opportunities through Hong Kong; traditional markets in Western Europe and the United States, seeking to tap into Asia’s growth; and emerging markets from the Gulf Cooperation Council region, ASEAN (Association of Southeast Asian Nations) and Central Europe. Lau said that their participation underscores the world’s confidence in Hong Kong as the ideal place for innovative ideas to flourish and scale. She further emphasised that the 10th anniversary goes beyond a moment to reflect on past achievements. It also serves as an opportunity to chart the future and invite the world to share ideas in Hong Kong’s remarkable journey. Global Fast Track Semi-Finals and Grand Finale This year, shortlisted Global Fast Track programme semi-finalist companies from seven verticals will be invited to the semi-finals and grand finale to pitch in person onstage during HKFW x SMUF. This provides an opportunity for innovators to showcase their solutions in front of thousands of attendees, including key corporates, investors, service providers and communities seeking innovative fintech and other tech solutions and investment opportunities. The programme has already received overwhelming interest, with over 700 applications from 70 economies worldwide. Introducing Samantha, HKFW x SMUF’s AI Community Host Additionally, the appointed event organiser,Finoverse, will introduce its first AI community host, “Samantha”, at HKFW x SMUF. By conducting a five-minute live call, Samantha can connect users to targeted meetings and craft personalised forum itineraries according to users’ interests and objectives, leveraging a database of 11 forums by a proprietary AI algorithm for precise matches. Accessible on mobile devices via mainstream messaging apps, Samantha supports English and Putonghua, enabling seamless interactions with participants from around the world. The AI assistant is user-friendly and helps enhance participants’ business outcomes, delivering a more rewarding event experience. Influential Voices Shaping the Future of Finance and Technology This year’s conference will feature an exceptional lineup of global and regional leaders from government, regulatory bodies, finance, technology, and innovation, as indicated below: Hong Kong Special Administrative Region Government and Regulators The Chief Executive, John Lee The Financial Secretary, Paul Chan The Secretary for Financial Services and the Treasury, Christopher Hui The Secretary for Commerce and Economic Development, Algernon Yau The Chief Executive of the HKMA, Eddie Yue The Chief Executive Officer of the SFC, Julia Leung The Chief Executive Officer of the Insurance Authority, Clement Cheung The Under Secretary for Financial Services and the Treasury, Joseph Chan The Under Secretary for Innovation, Technology and Industry, Lillian Cheong The Under Secretary for Environment and Ecology, Diane Wong The Director-General of Investment Promotion of InvestHK, Alpha Lau Global Policy Leaders The Executive Secretary of the Wolfsberg Group, J Edward Conway The Secretary General of the Financial Stability Board, John Schindler The President and Chair of the Board of Directors of the Asian Infrastructure Investment Bank, Jin Liqun Industry Leaders Highlighted Speakers in the AI and Advanced Technologies Space Co-founder and Managing Partner of Alpha Intelligence Capital, Antoine Blondeau The Vice President and Chief Executive Officer of Z.AI, Carol Lin The Founder and Chief Executive Officer of 3C AGI Partners, Esther Wong Nobel Laureate in Physics, Professor Emeritus of the University of Toronto, Geoffrey Hinton Vice President of MiniMax, Xue Zizhao Highlighted Speakers in the Financial Services Sector The Chief Executive Officer and Banking Head, Citi Hong Kong; Chairman of Citibank (China), Aveline San The Group Chief Executive of Standard Chartered, Bill Winters The Group Chief Executive of HSBC, Georges Elhedery The President and Chief Executive Officer of Franklin Templeton, Jenny Johnson The Vice Chairman and Chief Executive of Bank of China (Hong Kong), Sun Yu Highlighted Speakers in the Tech Sector Vice President and Chief Financial Officer of Xiaomi, Alain Lam The Chairman of Ant Group, Eric Jing The Corporate Vice President, Head of Tencent Financial Technology, Tencent, Forest Lin Ex-Chairman of Meitu and Angel Investor Cai Wensheng Highlighted Speakers in the Digital Asset and Blockchain Sector The Partner, Head of Digital Assets, Data, and AI of Apollo, Christine Moy The Chief Commercial Officer of OKX, Lennix Lai The President of Solana Foundation, Lily Liu The Chief Executive Officer of Binance, Richard Teng Co-Executive Director of the Ethereum Foundation and Founder of Nethermind, Tomasz Stańczak Highlighted Speakers in the Insurtech Sector The Group Chief Technology and Operations Officer of Prudential plc, Anette Bronder The Group Chief Technology and Life Operations Officer of AIA Group, Biswa Misra Co-Founder of Bowtie Life Insurance Company, Fred Ngan The Group Chief Executive Officer of Singlife, Pearlyn Phau The Chief Executive Officer of AXA Greater China, Sally Wan Highlighted Speakers in the Payments Sector Co-founder and Chief Executive Officer of EBANX, João Del Valle Co-President of Ascend Money, Monsinee Nakapanant The Chief Executive Officer of LianLian Global, Tim Shen  Highlighted Speakers in the Venture Capital and Investing Space The Founding Managing Partner of Qiming Venture Partners, Duane Kuang The Founder, Chairman and Chief Executive Officer of Primavera Capital Group, Fred Hu Partner of MPCi, Harry Man The Chief Executive Officer of Ofi Invest, Jean-Pierre Grimaud Co-founder and Managing Partner of DST Global, John Lindfors Fosun Global Partner, Co-Chairman and Chief Executive Officer of Fosun Capital, Mike Xu Get ready to be part of a transformative experience redefining the future of technology and finance. Hong Kong Fintech Week x StartmeupHK Festival 2025 promises inspiring insights, powerful connections, and opportunities that shape what’s next for the global innovation landscape. Discover more at www.fintechweek.hk. Also, stay updated through  official channels on LinkedIn: Hong Kong Fintech Week, StartmeupHK,  YouTube: Hong Kong Fintech Week, and Facebook: Startmeup.HK. Featured image by GovHK on GovHK The post A Decade of Innovation Takes Centre Stage at Hong Kong Fintech Week x StartmeupHK Festival 2025 appeared first on Fintech Singapore.

India’s Nucleus Software has appointed Nilanshuk Haldar as Vice President and Global Head of Partnerships and Alliances, effective 3 October 2025. He will oversee the company’s global partner ecosystem strategy, focusing on expanding strategic collaborations and driving growth across markets. Haldar has more than two decades of experience in fintech, financial services, and technology. He previously led regional partnerships at Backbase, where he contributed to revenue and pipeline growth, and helped drive Amazon Web Services’ financial services business across Asia through partner-led opportunities. Earlier in his career, he was a founding member of fintech platforms Mesitis, Canopy, and Bento, helping scale assets under reporting to US$5 billion and launching robo-advisory solutions. Before that, Haldar worked with Deutsche Bank and JPMorgan, advising senior executives across Asia on corporate finance strategy and business development. Based in Singapore, he brings deep experience in building and scaling strategic alliances across the region. Nilanshuk Haldar Nilanshuk Haldar, Vice President – Global Head of Partnerships and Alliances said, “I am excited to join Nucleus Software at this pivotal juncture to strengthen our global partner ecosystem, foster strategic collaborations, and drive solutions that anticipate the future of digital banking. Together, we will ensure that our clients and partners stay ahead in an AI-powered, digitally transformed world.” Parag Bhise Parag Bhise, CEO & Executive Director, Nucleus Software added, “We are delighted to welcome Nilanshuk Haldar to our leadership team. His proven ability to architect high-impact partnerships across fintech, banking, and technology sectors will be instrumental in expanding Nucleus Software’s global reach. Nilanshuk’s strategic vision and deep understanding of partner ecosystems align perfectly with our mission to deliver innovative, AI-driven solutions and create tangible value for financial institutions worldwide.” Nucleus Software provides lending and transaction banking products to over 200 financial institutions in more than 50 countries, supporting areas such as retail lending, corporate and SME finance, Islamic finance, and cash management. Its platforms manage over US$1 trillion in loans and US$15 trillion in annual transactions globally.     Featured image: Edited by Fintech News Singapore, based on image by vart_dant via Freepik   The post Nucleus Software Names Nilanshuk Haldar as Global Partnerships Head appeared first on Fintech Singapore.

Mastercard has named Jill Kramer as its new Chief Marketing and Communications Officer, effective 1 December 2025. Jill Kramer She succeeds Raja Rajamannar, who will transition to a senior fellow role at the company. Kramer was previously Chief Marketing and Communications Officer at Accenture, where she led a global, integrated, and tech-driven marketing and communications function focused on brand relevance, market differentiation, and business growth across industries and geographies. Before that, she oversaw the stewardship of Accenture’s brand as head of its brand and advertising team, managing creative development, production, media planning, and buying. During her decade at Accenture, the company’s brand value nearly doubled from US$12 billion to US$20.9 billion, according to Interbrand’s Best Global Brands ranking. Prior to joining Accenture in 2015, she held senior roles at creative agencies BBDO and DDB where she delivered award-winning B2B brand development, digital marketing, and communications for clients such as AT&T and ExxonMobil. She also serves on the board of the Ad Council and has been recognised by Forbes as one of the Most Influential CMOs for three consecutive years. Michael Miebach “Raja’s impact on Mastercard and the marketing industry has been nothing short of transformative. His creativity, passion and relentless pursuit of excellence have inspired all of us and helped make Mastercard one of the world’s most admired brands. We are deeply grateful for his leadership and look forward to his continued contributions,” said Michael Miebach, CEO. “We are excited to welcome Jill Kramer to Mastercard as our new Chief Marketing and Communications Officer. Jill’s global perspective and deep expertise in B2B marketing will be invaluable as we continue to accelerate our growth and innovation. Her leadership and vision are exactly what we need for this next chapter,” Miebach added.   The post Mastercard Taps Jill Kramer to Lead Global Marketing and Communications appeared first on Fintech Singapore.

Paymentology has launched PayCredit, a credit ledger platform that helps digital banks and fintechs design and deliver tailored credit products faster and more efficiently. The solution integrates card issuing with credit ledger management to reduce complexity and accelerate time to market. Built specifically for credit processing, PayCredit supports revolving balances, instalments, and Buy Now, Pay Later models, offering built-in billing cycles and real-time tracking. Issuers can configure limits, interest rates, billing cycles, and repayment models in one place while accessing real-time transaction data, compliance tools, and global scalability through secure APIs. It also integrates with Apple Pay, Google Pay, and Samsung Pay, and includes UAT simulation testing to validate complex credit scenarios before launch. Already adopted by fast-growing digital banks, PayCredit enables issuers to roll out credit offerings without building full-scale lending infrastructure, creating new revenue streams in markets where debit-only models have limited customer engagement and long-term growth. Rob Macmillan Rob Macmillan, PayCredit Group Product Manager at Paymentology, said, “We saw that many neobanks and fintechs want to offer credit, but existing solutions lack key credit ledger features, and are too rigid, or too reliant on legacy core systems. With PayCredit, we’ve built a modern, cloud-first credit capability that gives them the control, flexibility, and speed to launch smarter credit products, without the usual complexity.” Jeff Parker Jeff Parker, CEO at Paymentology said, “As expectations shift, issuers need infrastructure that can keep pace, and credit systems built on debit rails simply can’t deliver. PayCredit gives our clients the ability to launch and scale credit offerings quickly and responsibly, with full control over the experience and economics.”     Featured image: Edited by Fintech News Singapore, based on image by ismode via Freepik     The post Paymentology Launches PayCredit to Simplify Credit Rollout for Fintechs, Digibanks appeared first on Fintech Singapore.

The SFF Fintech Excellence Awards, jointly organised by the Singapore Fintech Association (SFA) and supported by PwC Singapore, celebrate outstanding innovation and impact within the fintech ecosystem. The awards recognise exceptional fintech solutions implemented by fintech firms, financial institutions, and technology companies, as well as individuals whose contributions have significantly advanced the sector. This year, eight winners will be selected across six categories, following rigorous evaluation by an international panel of industry experts spanning multiple domains. Corporate awardees were assessed based on five key criteria, impact, sustainability, practicality, interoperability, and creativity, highlighting solutions that demonstrate meaningful, scalable innovation. Meanwhile, the Individual awardees, recognised under the Fintech Mentor Award category, were evaluated on the quality of their submissions and their dedication to nurturing and supporting the growth of Singapore’s fintech ecosystem. Corporates – Emerging Fintech Finalists Aleta Index Ltd Aleta Index Aleta Index is an innovative real-time narrative intelligence platform designed to convert unstructured financial content – such as news, social media, and analyst commentary – into asset-specific, credibility-weighted signals. Unlike traditional platforms that treat all sources equally, Aleta’s unique credibility engine evaluates financial information based on structure, consistency, and proven predictive value, scoring sources by their historical alignment with asset behaviour. This comprehensive approach generates a dynamic credibility ranking index that reflects each source’s validated impact on asset performance over time. By enabling institutional users to discern which data sources genuinely influence market movements, Aleta Index transforms the landscape of financial analysis and decision-making. ESGSAT LLC ESGSAT ClimaFi ESGSAT ClimaFi is an innovative AI-powered climate finance platform that empowers financial institutions and corporates to effectively monitor and manage ESG and climate risks in real time. With the capability to track over 20 critical financial and climate variables simultaneously, ClimaFi delivers diagnostics 200 times faster than traditional tools and boasts a predictive accuracy of 95% without recalibration. Developed by a team of experts from leading global universities and supported by leaders from Google and IBM, the platform is already operational in 12 countries, showcasing its superior speed, precision, and impact in mitigating ESG risks and enhancing capital allocation strategies. Fennech Pte Ltd Fennech Financial Framework (F3) Fennech offers a cutting-edge orchestration platform that revolutionises treasury, payments, and liquidity management for corporates, banks, and FinTechs. Powered by cloud-native technology and machine learning, the platform seamlessly connects and automates financial operations across existing infrastructures, acting as a vital connectivity layer between ERPs, banking systems, and Treasury Management Systems. Key capabilities include real-time cash visibility, end-to-end payment automation, and a remarkable 99% accuracy in financial reconciliation, which allows businesses to optimize liquidity and reinvest capital strategically. With fast deployment and compatibility with both modern APIs and legacy systems, Fennech empowers organizations to enhance operational efficiency and deliver impactful financial outcomes swiftly. IFALCON PTE. LTD. DNA DNA ITSM (Dynamic Notification Agent) by iFalcon is a modular IT Service Management platform designed to enhance operational efficiency and communication for modern enterprises. It features a dedicated customer portal for seamless end-user issue reporting, while support agents benefit from real-time alerts and SLA-driven workflows. The platform supports integrated omni-channel communication, ensuring a streamlined support experience. Available as both an on-premises and SaaS solution, DNA ITSM is particularly well-suited for organisations in the financial and government sectors, emphasising simplicity, security, and adaptability to meet diverse operational needs.   Corporates – Financial Inclusivity Finalists Bank-Genie Pte Limited Genie-Branch Genie-Branch is an innovative digital solution designed for banks and financial institutions to deliver essential banking services without the need for physical branches. By enabling customers to perform activities such as account openings, deposits, and fund transfers via agents or mobile devices, Genie-Branch enhances accessibility, particularly in rural and remote areas. Its robust security features, including one-time passwords (OTP) and location tracking, ensure a safe and convenient banking experience. This solution not only simplifies banking operations but also empowers underserved communities, making financial services more inclusive and efficient. MariBank Singapore Private Limited MariBank SME Account and Lending Solutions MariBank, Singapore’s first digital bank licensed by MAS, democratises affordable banking for underserved micro and small businesses. Since April 2023, MariBank has launched three tailored solutions – Mari Business Account, Mari Business Loan, and MariBank Overseas Transfer – serving SMEs who comprise 80% of its customer base. The Mari Business Account offers competitive interest rates with zero fees, whilst the flexible Mari Business Loan provides immediate funding access with customisable repayment terms. MariBank Overseas Transfer enables cost-effective international transactions. These offerings exemplify MariBank’s commitment to financial inclusion, empowering Singapore’s small enterprises through transparent, fully digital banking solutions. WeavAir Sp. z o.o. Inclusive Climate Finance Platform for Women in Agriculture WeavAir Sp. z o.o. offers an innovative climate resilience and sustainability analytics platform that targets financial inclusion for women in agriculture. By harnessing advanced technologies such as satellite hyperspectral imagery, drone data, IoT sensors, and AI-driven digital twin models, the platform provides hyper-local, real-time insights into land productivity, climate risks, and carbon sequestration. These insights facilitate access to critical financial services, including microinsurance, climate-smart loans, and carbon credit markets, addressing historical barriers faced by women farmers and agribusinesses. Recognised by the UN FAO and the Financial Alliance for Women, WeavAir empowers women to enhance profitability, build climate resilience, and engage fully in sustainable economic growth. WeeFin WeeFin WeeFin offers a robust SaaS solution designed to empower financial institutions in managing sustainability data, ensuring compliance with dynamic ESG regulations, and generating consistent, auditable reports. By creating an ESG golden source, WeeFin provides a unique and reliable repository of verified ESG data seamlessly integrated with financial information. This platform fosters collaboration among internal teams – risk, compliance, investment, and sustainability – eliminating silos and enhancing coherence across the organisation. With WeeFin, institutions can mitigate regulatory risks and improve operational efficiency while reducing the risk of greenwashing. Corporates – Regulatory Leader Finalists Cynopsis Solutions Pte Ltd Non-Resident Bank Verification Number Cynopsis Solutions, in collaboration with the Central Bank of Nigeria and Nigeria Interbank Settlement System, has developed the NonResident Bank Verification Number (NRBVN) platform, enabling 15 million Nigerians abroad to securely verify their identity and meet KYC requirements online. This innovative solution eliminates the need for in-person biometric registration, offering a fully digital onboarding process that enhances access to over 30 licensed banks in Nigeria. Utilising advanced technologies such as facial biometrics, AI-driven document authentication, and comprehensive compliance screening, NRBVN not only strengthens the integrity of Nigeria’s banking system but also sets a new standard for regulatory adherence in the region. Squirro AG Document Search (previously known as Eco-office) Squirro’s Document Search, formerly known as Eco-Office, revolutionises operational efficiency by automating document organisation with cutting-edge AI and natural language processing. This innovative solution automatically tags and categorises documents, enabling swift information retrieval and eliminating the need for manual sorting. With integrated workflows, documents transition seamlessly through processing stages, ensuring comprehensive audit trails and transparency. Personalised dashboards deliver timely insights tailored for roles such as Credit Admins, Relationship Managers, and Heads of Departments, while strict role-based access controls uphold data governance and compliance. This unique combination of automation and customisation empowers organisations to enhance productivity and decision-making. Trulioo Trulioo Global Identity Platform The Trulioo Identity Platform offers a comprehensive solution for global identity verification, integrating person and business checks into a single, modular framework. With real-time access to standardised data across 195+ countries, the platform simplifies compliance, fraud prevention, and onboarding processes. By combining identity document verification, business checks, sanctions screening, and fraud detection into one efficient workflow, Trulioo enhances match rates and reduces operational friction. This streamlined approach not only allows enterprises to adapt quickly to changing regulations but also empowers them to expand their global reach confidently, ensuring customer protection and fostering trust in the digital economy. WeavInsight Pte Ltd WeavInsight — AIPowered Climate Risk & Regulatory Compliance Platform for Finance WeavInsight is a cutting-edge AI-driven platform revolutionising regulatory compliance for financial institutions through real-time, localised climate risk and ESG data via satellite imagery, drone technology, and IoT sensors. By automating complex compliance processes, WeavInsight reduces manual reporting time by over 80% and accelerates regulatory submissions up to 10 times, ensuring firms meet rigorous global frameworks like SFDR, TCFD, and NGFS with exceptional accuracy. Currently serving over 30 finance clients managing assets exceeding US$500 billion, WeavInsight delivers auditable, data-driven insights that enhance governance, risk management, and sustainable investment strategies. Each implementation contributes to approximately 25 million metric tons of annual CO₂ reduction, setting new compliance innovation benchmarks.   Corporates – Sustainable Innovator Finalists Carbonable Tech Carbonable EcoPilot Carbonable offers a cutting-edge modular SaaS (Software as a Service) platform designed to empower companies in managing their climate portfolios, including carbon credits and CBAM certificates. The solution comprises four integral components: portfolio and planning, execution and inventory, reporting, and integrated audit. What sets Carbonable apart is its proprietary technology, which can function as a standalone integrity layer that enhances existing climate data systems. This ensures a high level of auditability, reliability, and traceability, enabling companies to navigate the complexities of climate compliance with confidence and efficiency. ESGpedia Pte Ltd ESGpedia Nexus ESGpedia empowers financial institutions to enhance their Sustainability Linked Financing programmes by facilitating client engagement and streamlining the reporting and data verification processes essential for monitoring Sustainability Performance Targets (SPTs) within Sustainability Linked Loans (SLLs). In just 1.5 years since its launch, ESGpedia has significantly improved access for SMEs to obtain SLLs, successfully enabling over 180 SMEs to secure these loans for the first time. This innovative solution not only simplifies compliance but also promotes sustainable financing, fostering a more responsible lending environment. Handprint Tech Pte. Ltd. Handprint Handprint is a groundbreaking regenerative banking platform designed to help banks attract and retain eco-conscious consumers by integrating nature-positive actions into everyday banking experiences. Unlike traditional guiltbased offsetting methods, Handprint enables users to actively engage in initiatives such as reforestation and ocean plastic recovery, with the positive impact funded by the banks or merchants. Users receive multimedia updates showcasing their contributions, transforming their banking app into a source of hope and engagement. With measurable KPIs, flexible integration options, and business-aligned funding models, Handprint stands out as the first ROIpositive sustainability solution tailored specifically for retail banking. MVGX Tech Pte Ltd Carbon Asset Trading and Footprint Framework MVGX has developed a patented Carbon Asset Trading and Footprint Framework that revolutionises the way verified carbon offsets and emissions data are managed. Utilising secure, blockchain-based digital records, the platform enables real-time tracking of carbon emissions and automates the certification of carbon neutrality through smart contracts. By issuing Carbon Neutrality Tokens (CNTs) linked to verified emission reductions, MVGX facilitates global trading of these tokens, independent of regional constraints. This innovative approach not only simplifies sustainability measurement and investment but also connects carbon markets with financial systems, enhancing transparency and fostering a more sustainable future. Corporates – Thematic (AI) Finalists Dyna.Ai Technology Pte Ltd GENAI based Chatbot, Voice Bot and Avatar Solution Dyna.AI is revolutionising the financial sector with its innovative Agentic AI applications, designed to function as intelligent digital teammates for financial institutions. By focusing on revenue generation, operational efficiency, and enhanced customer experience, Dyna.AI’s solutions facilitate personalised customer engagement through Marketing AI Bots, automate collections with empathetic reminders, and streamline customer service with 24/7 support. Additionally, the RM Copilot and Knowledge Assistants empower internal teams by providing real-time insights and intelligence, improving productivity and decision-making. This unified agentic architecture not only drives higher revenue and reduced operational costs but also enhances customer satisfaction, positioning Dyna.AI as a transformative force in the banking industry. Fano Labs Pte Ltd Fano Callinter for Financial Sales Compliance Fano Callinter is an advanced omni-channel interaction analytics system designed specifically for banks and financial institutions. Leveraging cutting-edge AI technology, it automates compliance and quality management by transcribing and analysing customer interactions. The solution transforms unstructured voice data into actionable insights, enabling financial institutions to enhance their service quality and ensure regulatory adherence. By streamlining the analysis of customer communications, Fano Callinter empowers organisations to improve operational efficiency and drive better customer engagement. LexisNexis Risk Solutions LexisNexis® IDVerse® IDVerse offers a cutting-edge identity verification solution that utilises proprietary technology powered by a deep neural network, mimicking human learning to ensure the authenticity of identity documents. With an exceptional face matching accuracy of 99.998%, the platform facilitates real-time biometric matching against consumer photos, effectively combating identity fraud from both traditional document tampering and advanced AI-generated threats such as deepfakes. Additionally, IDVerse features advanced liveness detection, which monitors vital signs in real time to ensure genuine user presence, enhancing security and trust in digital transactions. TradingFront Inc. TradingFront TradingFront by Tiger Brokers is a cutting-edge institutional wealth management platform that empowers wealth advisers, external asset managers (EAMs), and family offices with advanced fintech solutions. By providing access to a diverse range of investment products, including structured notes and mutual funds, TradingFront enables financial professionals to implement sophisticated strategies typically reserved for private banking. With a commitment to enhancing operational efficiency and client engagement, the platform has achieved remarkable growth, doubling assets under custody (AUC) year-over-year and significantly increasing its user base. Recent enhancements, such as the AI Analyst for real-time portfolio analysis and the Multiple Quotes feature for competitive structured note comparisons, position TradingFront as the preferred choice for advisers seeking innovative and efficient wealth management solutions. Individual – Fintech Mentor Finalists Alice Liu Digital Treasures Center Pte Ltd. (dtcpay), CEO & CoFounder Alice, as CEO of dtcpay, embodies transformational leadership by mentoring diverse talent in fintech. Her hands-on approach fosters empowerment through education and real-world challenges, enabling her team to excel in blockchain integration and regulatory compliance. Under her guidance, critical initiatives, such as the multi-currency Visa card launch and securing the Major Payment Institution license from MAS, highlight her commitment to creating a psychologically safe and accountable environment. By advocating for inclusive fintech innovation and supporting talent development through initiatives that merge blockchain and AI, Alice positions dtcpay as a strategic partner for industry leaders like Visa and NVIDIA, while promoting a transparent fintech ecosystem in Singapore. Eelee Lua xcube.co, Chief of Staff Eelee is a passionate advocate for mentoring young women in fintech, leading initiatives that foster inclusivity and empower emerging female talent. As a member of the Women in Fintech subcommittee of the Singapore Fintech Association, she has successfully hosted impactful sessions, including a recent event for over 80 female students at the United Women Singapore Fintech Programme. Eelee provides personalised mentorship, helping mentees navigate their careers and connect with industry leaders, resulting in over 10 successful placements in internships and jobs. Her commitment to holistic development and advocacy for diversity in fintech has earned her recognition, including accolades from the Fintech65 Awards and features in Forbes. Jeeta Bandopadhyay Tookitaki Holding Pte Ltd, Co-Founder & COO Jeeta is reshaping Southeast Asia’s fintech landscape through her mentorship initiatives at Tookitaki, where she fosters a culture of guidance for over 40 professionals, particularly empowering women leaders in regtech and payments. Her efforts, including the establishment of a mentoring program within the Singapore Fintech Association, exemplify her commitment to diversity and career mobility, while the AFC Ecosystem she developed enhances knowledge-sharing and efficiency across the industry. By advising fintech founders and driving inclusive initiatives, Jeeta not only elevates emerging talent but also strengthens the collaborative framework essential for tackling regional challenges in financial technology. Louis Liu FOMO Pay, Founder & CEO FOMO Pay, under the leadership of Founder & CEO Louis, has evolved from a QR payment aggregator into a comprehensive digital finance platform, empowering over 6,000 merchants with more than 25 payment methods. The platform’s innovative offerings, including FOMO SoftPOS and Palm Payment, enhance transaction efficiency and user experience. With the distinction of securing Singapore’s first Digital Payment Token license for regulated stablecoin transactions, FOMO Pay is at the forefront of fintech innovation in Southeast Asia, the Middle East, and the Greater Bay Area. Louis’s commitment to mentorship and community engagement positions FOMO Pay as a leader in fostering transparency and strategic growth in the financial technology landscape.   Featured image credit: Edited by Fintech News Singapore, based on image by freepik The post Meet the 24 Finalists of the SFF Fintech Excellence Awards appeared first on Fintech Singapore.

The What the Fraud Summit 2025, taking place on November 19 and 20, at Andaz Singapore, will bring together leading professionals from the fintech, cryptocurrency, technology, and compliance sectors to explore evolving fraud trends, regulatory shifts, and future-proof strategies to protect businesses and consumers from cyberthreats and fraud. Hosted by identity verification specialist Sumsub, the inaugural event will welcome more than 500 industry leaders and practitioners for two days of focused discussions, hands-on workshops, and collaboration. It will address some of the toughest challenges in fraud prevention, AI security, regulatory shifts, and compliance, uniting regulators and industry to develop coordinated strategies. The What the Fraud Summit 2025 will open on November 19 with Workshop Day, featuring three expert-led sessions by Sumsub executives. These sessions will allow participants to gain certifications and practice real-world skills through live demonstrations, case simulations, and interactive exercises. The first session, “Inside the Fraud Kitchen: Cooking Up Modern Scams”, will take a closer look at some of the most sophisticated fraud tactics making waves today, including deepfakes, forged documents, impersonation during verification, and account takeovers. Participants will get to see exactly how these schemes work with a live deepfake demo, and dive into interactive exercises to spot fake documents and deepfakes, followed by a hands-on investigation. The second session, titled “How to Create Smarter KYC Journeys”, will explore what it takes to design a smart, secure, and user-friendly onboarding process. It will start with the theory, walking through best practices that balance fraud prevention, speed, and conversion, to then move on with a practical challenge: building an onboarding flow with defined logic, validation rules, and user experience optimizations. Finally, the third session, “AML Investigations and Case Management: Detection, Triage, SOF/SOW Checks”, will walk through the full anti-money laundering (AML) investigation process step-by-step, from spotting unusual activity and detecting anomalies to triaging alerts, creating cases, and gathering critical information from documents, transactions, and payment methods. This session will cover key checks like source of funds and source of wealth, filing suspicious activity reports, and keeping accurate records, as well as ongoing monitoring and updating risk classifications. The Main Summit Day, on November 20, will feature keynotes and panel discussions anchored on four core pillars: Artificial intelligence (AI) and fraud: Understanding AI-driven scams and defense strategies. Digital identity: Securing identities while maintaining accessibility and compliance. Compliance: Navigating new regulatory landscapes, risk intelligence, and financial crime prevention. Fintech: Addressing cross-border transactions, innovation in fintech, and emerging regulations in crypto. Topics will include the future of digital payments, covering real-time payments, mobile wallets, embedded finance, and central bank digital currencies (CBDCs), among other themes; the role of adaptive risk scoring and innovations driving real-time fraud prevention; the rise of AI agents in modern fraud schemes and emerging challenges in identity verification and authentication; the crypto regulatory landscape in Asia-Pacific (APAC); and the rise of fraud-as-a-service operations across APAC and scam factories. Speakers will include: T Raja Kumar, President, Financial Action Task Force (FATF) 2022-2024 Lawrence Chan, Group CEO, NETS Dr. Lawrence Wee, Director, Business and Ecosystems, IMDA Guy Sheppard, Head of AI Strategy and Adoption, Standard Chartered Bank Vincent Mok, Group Chief Risk Officer, GXS Bank Chee Keong Teo, Associate Partner, Asia-Pacific, Assurance Blockchain, EY Claudia Hui, Head of Compliance, Singapore, Revolut Karthik Ramanathan, AP Head of Network Services, Mastercard Varun Srivastava, Head of Cyber Security Operations, APAC, UBS Caryn Leong, Regional AML Director, APAC, ACAMS The lineup will also feature senior leaders from organizations including AWS, London Stock Exchange Group, Coinbase, TRM Labs, Trust Bank, and Wirex. Beyond the workshops and sessions, the What the Fraud Summit 2025 will offer networking opportunities with leaders shaping the future of fraud prevention and compliance, providing a premier platform for industry professionals to forge meaningful business connections. APAC’s escalating fraud threat The inaugural What the Fraud Summit comes at a time when APAC faces rising exposure to financial crime. According to Sumsub’s recent 2025 Global Fraud Index, APAC is now the epicenter of vulnerability, ranking fourth globally in fraud exposure, and trailing Europe, the Middle East, and the Americas. In particular, leading digital economies, including Singapore, Malaysia, and Japan, are experiencing a surge of fraud, recording significant declines in their fraud protection rankings. This reveals a widening gap between rapid digitalization and effective fraud defenses. Most notably, Southeast Asia is emerging as a hotspot for large-scale online scams. Across the region, criminal networks operate “scam factories” that use romance and investment schemes to defraud victims on an industrial scale. Those conducting the scams are often trafficked foreign nationals, trapped and forced to carry out online fraud under threat of torture. Earlier this week, the US and the UK announced sanctions targeting one of these networks operating illegal scam centers. The US imposed sweeping sanctions on 146 targets within the Prince Group Transnational Criminal Organization (Prince Group TCO), a Cambodia-based network led by Cambodian national Chen Zhi that operates a transnational criminal empire through online investment scams. The US also cut off Huione Group, another Cambodian financial conglomerate, from its financial system for laundering billions in proceeds of virtual currency scams and heists on behalf of malicious cyber actors. US losses from online investment scams have surged in recent years, exceeding US$16.6 billion to date. Prince Group TCO’s Global Reach, Source: US Department of the Treasury, Oct 2025 Fintech News readers are entitled to an exclusive 15% discount. Simply follow this link, and the promo code will be applied automatically.       Featured image: Edited by Fintech News Singapore, based on image by EyeEm via Freepik The post 500+ Crypto, Fintech, and Compliance Leaders to Unite at What the Fraud Summit 2025 appeared first on Fintech Singapore.

Coinbase has acquired Echo, a platform specialising in onchain capital raising, for about US$375 million in cash and stock. The move aims to make fundraising and investing more accessible to the crypto community while streamlining the process for new projects. Echo allows founders to raise capital directly from their communities through private sales or self-hosted public sales via its Sonar product. Founded by Cobie, a crypto OG and advocate for community-driven investing, the platform has facilitated over US$200 million across 300 deals and powered token launches such as Plasma’s XPL sale. Coinbase said the acquisition supports its goal of building a more transparent and inclusive onchain capital market. It plans to start with crypto token sales via Sonar before expanding to tokenised securities and real-world assets. The deal follows Coinbase’s purchase of Liquifi, a token management platform for early-stage teams. Liquifi helps with token creation and cap table management, while Echo extends support into fundraising. Together, they strengthen Coinbase’s full-stack offering, which includes exchange listings, custody, staking, trading, and financing. By integrating Echo’s infrastructure, Coinbase aims to give startups easier access to capital and offer investors early opportunities previously limited to institutions.     Featured image: Edited by Fintech News Singapore, based on image by thanyakij-12 via Freepik The post Coinbase Acquires Echo in US$375M Deal to Power Community-Led Fundraising appeared first on Fintech Singapore.

Endowus has raised more than US$70 million in a round led by Illuminate Financial, coinciding with the firm surpassing US$10 billion in client assets across Singapore and Hong Kong. The funding, which includes a fresh raise and the conversion of existing notes, brings total capital raised to over US$130 million. Existing investors, including Prosus Ventures, Citi Ventures, and several Asian family offices, also took part. The company said the funds will go toward developing retirement and pension platforms, expanding its use of AI through WealthWise AI, and growing its B2B offerings for financial advisors and external asset managers. Endowus’ growth has been driven by high-net-worth clients and increased demand for alternative investments in both markets. Hong Kong, its second and newest market, saw client numbers grow more than 150% and assets triple from a year ago. Its private wealth division has expanded alternative investment options, and its multi-family office arm Carret Private has continued to grow in Asia. Alternative investments on the Endowus platform have exceeded US$500 million, growing more than threefold over the past year. The firm partners with global managers including Apollo, Blue Owl, Carlyle, CVC Capital Partners, EQT, Harbourvest, KKR, Macquarie Asset Management, Oaktree, and Partners Group to provide institutional-level access to private credit, private equity, and hedge fund strategies. A private infrastructure portfolio is also in the pipeline. Endowus said it has generated over US$1 billion in net investment gains for clients since its inception and continues to record consistent positive net inflows every week. Samuel Rhee Samuel Rhee, Co-founder and Chairman of Endowus said, “Wealth management is undergoing a generational transformation driven by demand for aligned advice, greater transparency, and better access to solutions. We are at the forefront of this change by aligning only to the best interests of clients and leveraging technology to enable better experiences and achieve better outcomes. We want to be the trusted partner journeying with our clients to help them achieve their desired outcomes in meeting their long-term wealth goals. The tremendous support from our existing and new investors enables us to accelerate this mission, creating lasting impact for individuals while raising the standards of our industry.” Gregory Van Gregory Van, Co-founder and CEO of Endowus, said, “Endowus’ conflict free business model creates a win-win-win for clients, leading fund managers, and the platform to scale and compound together. It is early days, but the impact to our clients is clear, from college grads investing their first paychecks, to sophisticated family office and charity endowment clients with over US$100 million on Endowus.”   The post Endowus Bags Over US$70 Million Funding as Client Assets Exceed US$10 Billion appeared first on Fintech Singapore.

StraitsX has raised US$10 million from cross-border payments provider UQPAY to accelerate its Asia expansion and strengthen stablecoin-based payment connectivity. The investment, alongside continued support from Japan’s NTT DOCOMO, marks a new phase in scaling StraitsX’s regulated cross-border payment infrastructure. Part of Fazz Financial Group, StraitsX operates a stablecoin-native settlement layer bridging traditional finance and Web3. The new funding will help StraitsX expand its stablecoin-to-fiat capabilities, broaden cross-border use cases, and grow its enterprise and institutional network. The company said it aims to advance programmable, real-time settlement solutions as it evolves from a regional pioneer into a multi-market player in regulated digital payments. With backing from UQPAY and NTT DOCOMO, StraitsX plans to deepen its presence across key Asian markets and position stablecoins as part of the region’s financial infrastructure. Recent milestones include listing its XUSD and XSGD stablecoins on Coinbase and launching OKX Pay, Singapore’s first stablecoin-powered scan-to-pay service. StraitsX is now expanding enterprise APIs, developing programmable cross-border corridors, and rolling out card programs with partners such as RedotPay and Visa. Through local partners like PayFazz in Indonesia, it is extending corridors across major markets with real-time conversion, compliance, and transparency. Tianwei Liu “With the latest support from UQPAY, which builds on a growing network of strategic partners, we’re expanding that foundation across Asia to deepen cross-border connectivity, enhance on- and off-ramps between stablecoins and fiat, and enable enterprises to move value seamlessly in a trusted and compliant way. This partnership brings us closer to a future where stablecoins are not only the infrastructure for Web3 but the infrastructure underpinning global finance itself.” said Tianwei Liu, Co-founder and CEO of StraitsX.     Featured image: Edited by Fintech News Singapore, based on image by Frolopiaton Palm via Freepik The post StraitsX Raises US$10 Million from UQPAY to Fuel Asia Stablecoin Expansion appeared first on Fintech Singapore.

Singapore and Thailand have reportedly launched investigations into a Cambodian real estate conglomerate following fraud and money laundering allegations against its chairman, Chen Zhi, with charges prompting international asset seizures and sanctions, according to Bloomberg. Singapore police confirmed over the weekend that they are “looking into the case” involving Prince Holding Group and are “in contact with authorities in other countries.” The move follows sanctions by the U.S. and U.K. against Chen, whom authorities allege orchestrated what they describe as a “sprawling cyber-fraud empire” that authorities claim exploited forced labour and allegedly generated illicit profits. In Thailand, officials are coordinating with U.S. counterparts to review the seizure of assets allegedly connected to Chen and the group, the Bangkok Post reported, citing Surapol Prembutr, commissioner of the Cyber Crime Investigation Bureau. Authorities will determine whether any confiscated assets are connected to crimes committed within Thailand. If so, “the government will seek the return and confiscation of the assets through diplomatic coordination and in line with international legal procedures,” the report added. According to a U.S. Department of Justice indictment filed last week, Chen has been charged with fraudulent operations that the DOJ says led to the seizure of about US$15 billion (RM63 billion) in Bitcoin. Meanwhile, the U.K. government reportedly froze 19 properties allegedly tied to him, including a £100 million London office block and a £12 million mansion in the city’s north-west. The allegations have also prompted scrutiny in Singapore, where Chen and his associates established a family office in 2018 that claimed to have received a tax incentive from the Monetary Authority of Singapore (MAS). The agency has said it is reviewing whether “there have been any breaches of its requirements.” Thailand’s Justice Ministry may also consider filing criminal charges of conspiracy to commit wire fraud and money laundering. The ongoing investigation underscores regional concern over cross-border cyber-crime networks alleged to be operating out of Cambodia and the growing financial and regulatory connections linking such enterprises to major financial hubs like Singapore. All investigations remain ongoing, and no findings of guilt have been made as of publication. Fintech News Network has reached out to Prince Holding Group via the media contact listed on its official website for clarification on any official statements or responses from Chen Zhi regarding the allegations. However, the email address appeared to be inactive at the time of writing.   Featured image credit: Edited by Fintech News Singapore, based on image by BillionPhotos via Freepik The post Singapore, Thailand Probe Cambodian Tycoon Chen Zhi Over US$15B Fraud Allegations appeared first on Fintech Singapore.

The Monetary Authority of Singapore (MAS) has announced 18 finalists for the 2025 Global Fintech Hackcelerator. This year’s competition focuses on the theme “AI for Financial Services”, reflecting efforts to explore how AI can address key challenges in the sector and deliver practical benefits to financial institutions and their clients. The finalists were selected for their innovative and market-ready AI solutions aimed at improving efficiency, decision-making, and accessibility within the financial ecosystem. They will participate in a four-day programme that includes mentorship, collaboration with industry professionals, and networking opportunities with corporates and investors to refine their proposals. These teams will pitch their solutions at the Global Fintech Hackcelerator Demo Day, held during the Singapore FinTech Festival (SFF) on 12 November. The top three winners will each receive S$80,000 in prize money. Following the competition, Corporate Champions may choose to collaborate with selected finalists to pilot their solutions, subject to mutual agreement. A new element in this year’s competition includes participation from five Investment Partners representing venture capital firms, which have collectively committed approximately S$2.5 million in potential investments for the finalists, pending due diligence. Here Are the 18 Finalists for 2025 Global Fintech Hackcelerator ActuaViz (Taiwan) ActuaViz was founded by insurance and technology professionals who recognised the critical gap between traditional product data management and modern AI capabilities. The team combines deep expertise in insurance operations, regulatory compliance, and advanced data engineering to transform how the industry handles complex product information. ActuaViz has developed proprietary technology that converts complex insurance documentation, including regulatory PDFs, pricing spreadsheets, and actuarial models, into structured, machinereadable formats. This enables intelligent tools that instantly generate product comparison tables, provide real-time agent support through AI chatbots, and simulate pricing calculations with full transparency. By eliminating weeks of manual processing, the platform accelerates product development cycles and enhances customer understanding of insurance products. Akro (Singapore) Having successfully deployed secure AI solutions for defence applications, the team now applies this same rigorous approach to financial services, specialising in complex, document-heavy workflows that require both precision and confidentiality. The platform provides an on-premise AI research system designed for agentic knowledge processing, featuring two core capabilities: intelligent knowledge synthesis and automated report generation. The solution efficiently processes large, multi-modal documents whilst maintaining complete privacy and security. Currently deployed with frontline professionals and analysts, the platform accelerates decision-making processes by transforming complex research workflows into streamlined, intelligent operations that prioritise both speed and accuracy. Asia Premium Financing Services (APFS) (Thailand) The APFS team combines expertise in consumer lending, insurance operations, and fintech innovation to address the region’s low insurance penetration rates through accessible financing solutions tailored to markets with limited credit card adoption. APFS has developed a Buy Now, Pay Later platform specifically for insurance premiums, enabling customers to pay in instalments and using the insurance policy itself as collateral. This approach transforms traditional unsecured lending into assetbacked financing, significantly reducing credit risk. The platform integrates insurers, brokers, and customers into a seamless workflow that automates complex back-office operations including reconciliation and settlement. Since launching in September 2023, APFS has served over 60,000 customers, originated more than US$10 million in loans, and maintained a non-performing loan rate of less than 1%, demonstrating both strong market demand and operational sustainability. Aurae Health (India) Aurae Health brings together expertise from medical, healthcare, and technology domains to build a comprehensive employee benefits and OPD platform. The team works collaboratively to develop proprietary AI-powered health technologies that address the growing demand for accessible, tech-driven preventive healthcare solutions. Aurae Health operates as a brand of Crossroads Health, offering an integrated employee benefits and OPD platform powered by proprietary AI-led health screening technologies. The platform operates across two key verticals: advanced digital health solutions and comprehensive employee benefits management. The AI-powered health tools include body vitals monitoring through face and finger scans providing over 20 parameters, posture and fitness analysis, cataract detection, skin analysis, and comprehensive health and cancer risk assessment tools. The employee benefits platform features real-time policy customisation, walletbased controls, and seamless integrations that extend beyond basic coverage to include outpatient care, preventive health services, mental health support, in-patient insurance integration, and digital patient reports with integrated risk simulators. Boost.Money (India) Boost.Money has developed a financial AI platform that leverages agentic AI technology to automate comprehensive financial workflows for banks, lenders, and financial institutions. The platform connects to multiple financial data APIs and processes various financial documents including credit reports, bank statements, GST tax records, and investment portfolios in real-time to generate detailed correlated analytics and reports. Through its multi-modal RAG pipeline, the system intelligently normalises and processes diverse financial datasets, enabling rapid application processing and affordable credit offerings for SME and retail categories. Recently launched in India, the platform automates end-to-end workflows spanning loan origination, decisioning, and collections management, empowering financial institutions to make faster, more informed lending decisions. Centry (Nigeria) Centry’s four-person team combines proven expertise in growth, operations, and engineering with deep African fintech insight. The team includes leadership with experience scaling cryptoremittance applications to US$60 million GMV, operational expertise in securing partnerships and licenses, mobile and UX engineering capabilities, and backend architecture experience processing over 200,000 transactions monthly. Together, they deliver full-stack execution for borderless payment solutions. Centry’s Copilot platform integrates live feeds from banks, M-Pesa, and cryptocurrency networks to predict cash-flow gaps and automatically orchestrate financial operations for SMEs. The system provides instant, low-fee crypto-to-naira settlements, invoice financing, and bill payments through automated processes that reduce treasury costs by 40% and improve working capital access within minutes. By combining real-time data analysis with automated financial orchestration, the platform streamlines complex treasury operations into seamless, cost-effective workflows. Claimsio (Poland) The team comprises two best friends with complementary expertise in business operations and technical development. One co-founder brings experience building and selling a software agency that reached 70 employees and $5 million ARR, followed by fintech experience working with over 4,000 SMEs, providing deep insight into the challenges of unpaid invoices. The technical cofounder has scaled over 40 production systems and specialises in building robust, reliable infrastructure. The team recently secured second place at the ElevenLabs hackathon and is now scaling their product. The platform provides AI-native debt collection services specifically designed for SMEs, offering a full-stack system that replaces traditional collection agencies with real-time, automated workflows. Beginning with soft collection methods through multichannel communication, the solution is expanding to include automated legal filings and integrated fintech services such as factoring. This comprehensive approach streamlines the entire debt recovery process whilst maintaining professional relationships and reducing the administrative burden on small and medium enterprises. Fineksi (Indonesia) The team brings over 10 years of experience in the lending industry, with backgrounds spanning banking operations across business, credit, and product departments. This hands-on experience in financial institutions provides deep understanding of the challenges faced in SME lending and credit assessment processes. Fineksi provides a SaaS platform that streamlines SME credit processes for financial institutions whilst helping SMEs understand their financial health from a credit underwriting perspective. The platform ingests comprehensive SME financial documents and delivers AI-based financial analysis that enables faster loan processing, fraud detection, and reduced non-performing loans. By automating document analysis and providing clear financial insights, Fineksi bridges the gap between lenders’ need for thorough risk assessment and SMEs’ requirement for accessible credit evaluation and faster approval processes. Finny (India) The team recognises the fundamental shift in India’s retirement landscape, where the first generation of fully self-funded retirees is emerging without traditional government pensions or family support systems. With deep understanding of India’s evolving financial needs, the team addresses the critical advisory gap facing the country’s emerging middle class. Finny provides a tech-led wealth management platform that leverages India’s Account Aggregator framework and AI agents to deliver personalised financial independence plans at scale. Targeting mass affluents earning USD 25,000–120,000 annually, the platform offers unbiased, subscription-based advisory services without commissions. By combining AI-driven insights with human coaching, Finny enables true personalised planning at scale, empowering India’s emerging middle class to achieve financial freedom where traditional retirement safety nets no longer exist. Fluid (Singapore) The leadership team combines expertise from leading fintech and technology companies, bringing together embedded lending experience from Coupang, debt financing specialisation from Lendable and IFC, and scaling and operations experience from Atome and Uber. This diverse background spans fintech, product development, risk management, and operations to build AIpowered B2B payment solutions across Asia. Fluid provides an AI-powered B2B payment platform with integrated credit capabilities, helping SMEs accelerate receivables and streamline bill payments. The platform’s agentic AI automates the entire B2B payment process, from invoice syncing and credit assessment to cash flow updates, collections, and reconciliation. By removing the administrative burden of payment management, Fluid enables businesses to focus on growth rather than chasing payments, positioning itself as a first mover in redefining B2B payment workflows across Asia. Good Lioness (Australia) The award-winning team is led by a globally recognised investment strategist and CFA, supported by experts in data science, actuarial science, cyber and quantitative analytics, ethics, and governance. This multidisciplinary expertise enables the development of sophisticated digital wealth management solutions that combine investment strategy with robust technological infrastructure. Good Lioness provides an AI-driven wealth platform that empowers relationship managers and clients through personalised digital advice combined with robust investment algorithms. The platform unlocks new revenue streams from previously unadvised clients whilst reducing administrative burdens for advisers. By delivering personalised digital tools that enhance transparency, trust, and control, Good Lioness improves client outcomes and enables wealth management firms to scale their advisory services more effectively. Ketchup AI (Singapore) The team combines expertise in financial operations, strategic consulting, and product development. Leadership includes experience as CFO and business development head at Evercomm, over 10 years of consulting experience at McKinsey, Deloitte, and FTI specialising in go-to-market strategies for insurance, and extensive web and mobile application development experience including product management roles at Google and leading startups. Ketchup AI provides an AI agent designed to help insurance agents maintain lead engagement and convert prospects into sales opportunities. The platform enables agents to input product information and lead details, after which Ketchup remembers critical information about each prospect, provides timely reminders to maintain momentum, and generates personalised content for improved engagement. By automating lead management and providing strategic guidance, Ketchup AI empowers insurance agents with datadriven approaches to nurture relationships and increase conversion rates. OPESHA Solutions (Kenya) OPESHA Solutions comprises an experienced team with expertise in data science, behavioural analytics, and machine learning, focused on addressing SME credit access challenges across Africa. OPESHA provides a B2B AI-powered credit analytics platform that transforms SME finance access across Africa. The platform leverages machine learning, alternative data, and behavioural analytics to enhance SME credit scoring, match businesses with appropriate financial products, and equip institutions with advanced underwriting tools. By enabling smarter lending decisions and unlocking growth opportunities for underserved small businesses, OPESHA fosters a more inclusive and data-driven financial ecosystem throughout the continent. Oxford Risk (United Kingdom) Oxford Risk is a spin-out from Oxford University and the global leader in B2B2C Behavioural Finance for financial institutions, specialising in applying academic research to practical financial technology solutions. Oxford Risk enables banks to accelerate growth by empowering their AI agents to deliver hyperpersonalisation at scale based on investors’ financial personalities, driving 2-6 times greater engagement. The platform trains AI models with insights into actual investor decision-making processes, integrating traditional transaction data with deeper behavioural layers including cognitive biases, risk tolerance variations, and decisionmaking patterns. This enriched dataset enables AI systems to move beyond generic suggestions, delivering strategies that align with each investor’s unique cognitive profile. The solution empowers financial advisers to anticipate client needs, tailor interactions more effectively, and equip wealth management teams with predictive tools that identify investment opportunities and potential concerns, ultimately enhancing both client outcomes and business performance. Ringkas Asia (Singapore) The team includes former leaders from Google, Amazon, Dell, and Goldman Sachs, with expertise in fintech, AI, and cloud infrastructure. They have built and scaled $1 billion+ platforms across APAC and led regulated digital banking initiatives. Ringkas addresses inefficiencies in insurance workflows where underwriting and claims processes remain slow and manual, creating bottlenecks and poor customer experiences. The company provides an Agentic AI Insurance Copilot built on a proven multi-agent system already deployed across 29 banks, 700+ branches, and over US$1 billion in annual volume for mortgage infrastructure. By adapting this established system to insurance, Ringkas delivers contextual recommendations and real-time assistance for embedded sales, onboarding, client advisory, and claims processes. Trading Valley (Taiwan) The team has provided robo-advisor solutions for financial institutions in Taiwan since 2017, currently serving tens of thousands of retail investors and managing over US$60 million through partnership models. Since 2024, they have focused on building AI agents dedicated to stock investing. Their solution, WinwinGPT, provides an AI copilot designed to help investors make better investment decisions across US and Taiwan stock markets. The platform leverages proprietary insights templates and an internal financial database to deliver comprehensive analysis that helps investors analyse financial reports and create investment portfolios. Beyond individual investors, WinwinGPT offers potential applications in wealth management, enabling relationship managers to deliver more tailored insights for their clients through AIenhanced decision support. U-Reg (Singapore) U-Reg brings together an experienced team with over 120 years of collective technology experience and deep financial services expertise across Asia, Europe, and beyond. U-Reg provides a global regulatory and compliance platform serving over 400 user entities across EMEA, APAC, and the Americas. The platform addresses the time-intensive Source of Wealth verification process in wealth management by deploying AI agents that reduce processing time by up to 80% from days to hours and maintaining compliance integrity. The solution features advanced agentic architecture with AI agents that collaborate intelligently and handle multi-modal data sources simultaneously. With strong market validation including an MAS DAG Industry Pilot with 5 regulated financial institutions and first place in Catapult FundTech360 in Luxembourg, U-Reg has demonstrated proven capabilities across major financial institutions. WealthPeak AI (Singapore) WealthPeak was founded by Megan and Kenyon, backed by a team of data experts specialising in private company data analysis to enhance private wealth management relationships. WealthPeak AI helps private bankers discover UHNWI opportunities through AI-powered network intelligence that analyses connections to identify warm paths to high-potential clients. The platform maps ownership structures, highlights key individuals, and aggregates insights from filings, interviews, and media to help bankers understand the people behind the wealth. By providing personalised suggestions and contextual intelligence about private company data and relationships, WealthPeak enables bankers to build stronger, more informed client relationships. Kenneth Gay, Chief Fintech Officer at MAS, said, Kenneth Gay “We are pleased to announce all the finalists selected today. Your AI solutions demonstrate the transformative potential of technology in financial services and reinforce our commitment to building a more efficient and accessible financial ecosystem.”     Featured image credit: SFF The post Meet the 18 Finalists for the 2025 Global Fintech Hackcelerator appeared first on Fintech Singapore.

Agentic AI is moving beyond simple chatbots to become an intelligent layer that can reason, act and deliver value across financial services. The global Agentic AI for financial services market is projected to surpass US$80 billion by 2034, showing how quickly this technology is transforming banks, fintechs and payment providers. In this session, we will discuss: How agentic AI is transforming financial services through new capabilities, live deployments and early results Homegrown e-wallet Boost’s AI journey from AI-based lending to the Boba chatbot and now agentic AI in financial services The business impact of agentic AI on customer experience, lead generation and problem-solving for banks, fintechs and payment providers The critical challenges of agentic AI adoption, from ensuring reliability and data privacy to building customer trust Predictions for how agentic AI may evolve in 2025 and beyond Panelists: Sheyantha Abeykoon, Group CEO, Boost Taruni Ramamurthi, Head of FSI: Indonesia, Malaysia & Philippines, AWS Melvin Ooi, CEO at Ryt Bank Tat Lee, Chief Executive, WeLab Bank Moderator: Vincent Fong, Chief Editor, Fintech News Network The post Beyond the Bot: Agentic AI’s Evolving Role in Financial Services appeared first on Fintech Singapore.

The Boards of Directors of Dubai’s Emirates NBD Bank (ENBD) and India’s RBL Bank have approved entering into definitive agreements for ENBD to acquire a controlling stake in RBL Bank through a primary capital infusion of approximately US$3 billion (around INR 26,850 crore). The proposed transaction represents the largest foreign direct investment in India’s financial services sector, the largest equity fundraise in the Indian banking industry, and the largest preferential issuance by a listed Indian company. It also marks the first acquisition of a majority interest in a profitable Indian bank by a foreign bank. ENBD’s investment will be made through a preferential issue of up to 60% and remains subject to regulatory and other customary approvals. In line with SEBI’s Takeover Regulations, ENBD will also make a mandatory open offer to purchase up to 26% from RBL Bank’s public shareholders. As part of the transaction, the Boards of both banks have approved the amalgamation of ENBD’s India branches with RBL Bank, in accordance with Reserve Bank of India guidelines. This amalgamation will take place following the completion of the preferential issue. The investment reflects ENBD’s long-term commitment to India’s financial sector and the strategic importance of India within the India-Middle East-Europe Economic Corridor (IMEC). The combination brings together ENBD’s capital strength and regional network with RBL Bank’s domestic reach across India. The infusion is expected to strengthen RBL Bank’s balance sheet, improve its Tier-1 capital ratio, and provide growth capital to support its deposit base and branch expansion. Shayne Nelson, Group CEO of Emirates NBD, said: Shayne Nelson “This strategic alignment brings together RBL Bank’s growing domestic franchise with Emirates NBD’s regional reach and financial expertise, creating a platform for growth and innovation. An enhanced presence in India through a well-established business like RBL Bank would further complement ENBD’s service to customers across the MENATSA region.” RBL Bank Chairman Chandan Sinha said: Chandan Sinha “This partnership marks a defining moment in RBL Bank’s journey. The entry of Emirates NBD as our strategic shareholder reflects confidence in India’s banking sector and RBL Bank’s potential within it. Together, we aim to strengthen our capabilities, deepen our customer franchise, and build a future-ready institution anchored in trust and growth.”   Featured image credit: Edited by Fintech News Singapore, based on image by noob via Freepik This article first appeared on Fintech News Middle East The post Emirates NBD to Acquire Controlling Stake in RBL Bank for US$3B appeared first on Fintech Singapore.

Small and medium-sized enterprises (SMEs) in Singapore can now access up to SGD300,000 in funding thanks to a flexible, fast-turnaround line of credit offered by Bizcap. The Business Line of Credit offers a funding solution tailored to the cash flow needs of local SMEs, and is designed to support businesses navigating seasonal fluctuations, cash flow gaps, or time-sensitive opportunities, with approvals in principle within the day. Unlike traditional bank products, Bizcap’s Line of Credit offers on-demand access to funds with flexible drawdowns, and repayments that align with a business’s cash flow. Interest is only charged on the amount used, and businesses can access funds as needed, without reapplying each time. Proven globally, tailored for Singapore Rebecca del Rio “With Joseph leading our Singapore team, Bizcap’s Line of Credit builds on strong traction across our international markets, with high utilisation rates and repeat drawdowns from SMEs navigating seasonal cash-flow needs and growth opportunities. It’s trusted by advisers for fast approvals and transparent support, and by business owners for reliable flexibility without reapplying each time. From a product-market-fit perspective, the Line of Credit has quickly become a cornerstone in several regions, representing over 40% of deal volume in some markets, with 150%+ utilisation and outstanding broker and customer feedback driving momentum. We look forward to seeing the product welcomed by the Singapore market.” said Rebecca del Rio, Bizcap’s Chief Revenue Officer. Joseph Lim “We’ve listened to the challenges SMEs face in Singapore — especially the speed, red tape, and lack of flexible options from mainstream lenders. This Line of Credit is our answer. It gives businesses reliable, ongoing access to capital without the usual friction.” said Joseph Lim, Managing Partner at Bizcap Singapore. Tony Truong “Our goal is to make funding practical, fast, and responsible. We’re excited to offer a product that can truly support local businesses, whether it’s stabilising cash flow or investing in the next stage of growth.” added Tony Truong, Chief Credit Officer at Bizcap. Bizcap works closely with advisers and brokers to help deliver funding solutions to a broader range of clients. Its local credit specialists assess the overall financial health of a business — not just credit scores — and support partners throughout the referral process. Bizcap is a global non-bank business lender offering fast, flexible funding to small and medium-sized enterprises (SMEs) in Singapore, Australia, New Zealand, the UK and Europe. Founded in 2019, Bizcap empowers SMEs by offering approvals in as little as 3 hours, with same-day funding available. Bizcap has funded over 42,000 SMEs, totalling SGD1.6 billion.     Featured image: Edited by Fintech News Singapore, based on image by HobieArt via Freepik The post Bizcap Offers SGD 300K Line of Credit to Power Singapore SMEs appeared first on Fintech Singapore.

Bizcap and its US affiliate NewCo Capital Group have acquired 8fig, marking a significant step in the fintech firm’s global expansion and its focus on technology-led business funding. Founded in 2020, 8fig has provided more than US$500 million in funding to online sellers and developed its “AI CFO” tool to help small businesses plan, forecast, and scale. By joining Bizcap’s global ecosystem, which has operations in Singapore, 8fig will continue operating independently under its existing brand and leadership while gaining access to Bizcap’s capital resources, international reach, and operational expertise. Bizcap Global Co-Founder and Co-CEO Albert Gahfi said 8fig’s vision for e-commerce innovation aligns with Bizcap’s mission to support small businesses with the tools and funding they need to grow. Albert Gahfi “We’re impressed not just by 8fig’s technology, but by how it’s built, with a strong focus on customer needs, adaptability, and long-term success,” he said. “8fig has the right platform, the right people, and the right mindset to make a global impact, and we’re excited to combine that strength with Bizcap’s reach and expertise to broaden our product offering and accelerate market penetration.” Bizcap and its affiliates have provided more than $3 billion in funding to SMEs in markets including Australia, New Zealand, Singapore, the US, Canada, the United Kingdom, and Europe, with expansion plans for Mexico. The acquisition will strengthen Bizcap’s use of automated underwriting, AI-driven funding, and data-led business tools, offering SMEs more tailored solutions for managing cash flow, inventory, and growth. Bizcap will integrate 8fig’s AI systems to develop more efficient, longer-term funding products and expand its global market share. 8fig CEO Yaron Shapira said the partnership will support the company’s growth and technology expansion. Yaron Shapira “Our mission remains the same: empowering SMEs and e-commerce businesses to scale globally. With Bizcap’s talented team beside us, we’re ready to take that mission to new heights,” he said.   Featured image credit: Edited by Fintech News Singapore, based on image by freepik The post Bizcap Acquires 8fig to Expand Global SME Funding Capabilities appeared first on Fintech Singapore.