NewsTonik raises USD 17 million for its neobank aimed at the Philippines’ unbanked populationThe round brings Tonik’s total funding to USD 44 million. 2 mins read
Joe McGuire is the founder of MyMy, a company bidding for one of five digital banking licenses that Malaysia will provide in Q1 2022. InsightsThis entrepreneur aims to build Malaysia’s first sharia-compliant neobank | Startup stories5 mins read
Despite a pandemic-induced drop in overseas workers, remittances from Filipinos abroad reached USD 33.2 billion in 2020, nearly unchanged from a year earlier. InsightsWith OFBank, the Philippine government enters the remittance business5 mins read
Tonik has onboarded 30,000 clients and achieved a positive balance sheet of over USD 20 million within a month of operation. InsightsThis neobank targets the young and unbanked population in the Philippines | Startup Stories5 mins read
WeLab plans to bring its wealth management platform to Southeast Asia, starting with Indonesia. NewsHong Kong fintech firm WeLab bags USD 75 million from Allianz X to form partnership3 mins read
Tencent’s WeBank also joins the six state-owned banks in the pilot. NewsChina enlists Ant-backed MYbank in expanding digital yuan trial1 min read
Shopee is preparing the infrastructure to transform Bank BKE into a digital bank. NewsIndonesia’s regulator confirms acquisition of Bank BKE by Sea Group, report says1 min read
Ant Group’s valuation is estimated to fall by more than half after the business overhaul. NewsAnt Group restructures into a financial holding company, explores IPO revival3 mins read
A growing presence of digital banks in Indonesia will encourage innovation and digitalization of financial services, expert say. InsightsDigital banking to gain a foothold in Indonesia in 20217 mins read
