Digital Banks

New York-headquartered Tiger Global has invested in over a dozen Indian startups and has poured in around USD 300 million in the last seven months.

Gen Z and Millennial Muslims are willing to adopt Islamic banking if it becomes more accessible and mobile-friendly.

Jago is now available as a cashless payment method on the Gojek app in Indonesia.

Despite the trials, lotteries, and promotional campaigns by the government and banks for China’s digital currency, few people see a reason to jump on board.

Indonesia is profuse with web-based financial service providers, including at least 7 digital banks and 4 neobanks.

Google, Amazon, and Facebook’s messaging platform WhatsApp, have been making strides to position themselves among the top players in India’s fintech market.

Bank Negara Malaysia, the central bank, is set to award up to five digital banking licenses in the first quarter of 2022.

Founded in 2019, Jupiter has raised a total of USD 26 million from investors including Sequoia Capital, Matrix Partners, Beenext, 3One4 Capital, and Hummingbird Ventures.