Fintech

In July, Hong Kong-based AMTD Digital acquired a controlling stake in Fomo Pay.

Tonik has onboarded 30,000 clients and achieved a positive balance sheet of over USD 20 million within a month of operation.

The firm recently surpassed USD 1 billion in assets under management.

With the latest funds, Tamara plans to fuel its expansion and launch in new GCC markets by the end of the year.

The funding comes at a time when Reserve Bank of India is working on floating its own fiat currency and putting a ban on crypto trading.

Showman allowed users to buy tickets of newly released movies and watch them on their own device from home.

Southeast Asia’s massive unbanked population mirrors tremendous potential in fintech services and alternative lending solutions.

Four months into 2021, India has spawned 12 unicorns, more than the 11 it had for last year.