Fintech

Fintech services have been curtailed by constant internet disruptions and limited cash flows, setting back a sector that had just begun to flourish.

The current round of funding has valued the company at a little over a billion dollar, about three times more than its previous valuation seven months ago, thus catapulting it into the unicorn club.

Ripple’s transaction volume in Southeast Asia increased by 10x in 2020. 

Grab’s app has been downloaded 200 million times. That means it’s on the phones of up to 30% of Southeast Asia’s population.

JD Digits put its IPO on hold after China tightened regulations in the online loan sector.

Need 200,000 yuan? Apps of every stripe are doling out loans in China. Mounting debt is just a few taps away.

ShopeePay’s rapid rise can’t be separated from the popularity of the Shopee platform.

The firm runs background checks and offers a secure payment platform for cross-border trading.