Crypto Digest

14/09/2022

Diveplane Raises $25M in Series A Funding

Diveplane, a Raleigh, North Carolina-based company keeping humanity in artificial intelligence (AI), raised $25M in Series A funding

Backers included Sigma Defense LLC, a portfolio company of Sagewind Capital, Shield Capital, Calibrate Ventures and L3Harris Technologies

As part of the agreement, Philip Bilden, Managing Partner of Shield Capital, will join the company’s board of directors

The company intends to use the funds to invest further in its AI solutions, while facilitating targeted growth to meet increased market demand

The company helps businesses and government organizations concerned with data privacy to better understand and leverage the power of their data through AI tools that are trainable, interpretable and auditable

The company’s solutions are designed around the principles of predict, explain and show, creating user confidence that operational decisions are built on a foundation of fairness and transparency

Diveplane Raises $25M in Series A Funding Diveplane, a Raleigh, North Carolina-based company keeping humanity in artificial intelligence (AI), raised $25M in

14/09/2022

Allvue: Appoints Dan Streetman as Chief Executive Officer

Allvue is a leading provider of technology for investment managers in the private capital and credit markets industry

Announced Dan Streetman has joined as Chief Executive Officer. Streetman will lead culture, strategy, operations

Streetman brings a deep knowledge of the technology industry and decades of experience driving growth

He most recently served as CEO of TIBCO Software Inc., where he was responsible for dramatically enhancing TIBCO’s cloud-native

Prior to leading TIBCO, he oversaw significant data-driven transformations at BMC, Salesforce, and C3.ai

The alternatives markets are more crowded and volatile than ever, and investment firms need innovative technology solutions

Allvue is a leading provider of technology for investment managers in the private capital and credit markets industry

14/09/2022

Pleo: Partners with Yapily

Pleo, which offers a smart business spending solution formed a strategic partnership with open banking platform Yapily

Research shows that 82% of businesses that fail do so due to poor cash flow management

Users can now top up their account directly from their bank account

This allows customers to receive funds instantly, side-stepping lengthy settlement times at an average of 48 hours

As a result, businesses and employees across Europe can access faster cash injections where needed

Yapily has enabled to process over £10 million in open banking payments

Pleo, which offers a smart business spending solution, has formed a strategic partnership with open banking platform Yapily

14/09/2022

A healthy business requires constant monitoring and evaluation of its progress. Cracks in the system may show up, and things might take a severe turn when trying to promote your business on digital media. There is no right time to initiate thinking about grabbing the help of real estate virtual assistance for businesses of different natures. There […]

The post Kick start your real estate business by outsourcing virtual assistant in 2022 appeared first on TechBullion.

There is no viable way of making more money than enlisting the aid of virtual real estate assistance. here would you start?

14/09/2022

KoinKoin, the leading Africa-focused digital assets exchange, has announced major expansion plans as the company’s annual revenues exceed $40m in OTC transactions. The company, founded by London-based entrepreneur Ola Atose, previously of Natwest and Deutsche Bank, makes it easier for customers to buy, sell and transfer digital assets across Africa, Southeast Asia, and Western Europe. As part […]

The post Digital assets exchange KoinKoin announces global expansion as revenues reach $40m appeared first on TechBullion.

KoinKoin's unique platform enables users to trade globally the biggest crypto assets 24/7, 365 days of the year. Its deposit system allows customers to quickly begin buying and selling crypto, with APIs providing market data and real time information around the best prices.

14/09/2022

With the increasing use of laptops and smartphones in the workplace, it has become increasingly important for companies to have a system in place to monitor employee activity. One of the most common methods for monitoring computer usage is through the use of software keyloggers. In this article, we will discuss the benefits of using […]

The post The Necessity Of Using A Software Keylogger For Computer/Employee Monitoring appeared first on TechBullion.

With the increasing use of laptops and smartphones in the workplace, it has become increasingly important for companies to have a system in place to monitor employee activity. One of the most common methods for monitoring computer usage is through the use of software keyloggers. In this article, we....

14/09/2022

As a business owner, you know that protecting your data and revenue is essential to the success of your company. Unfortunately, many business owners don’t take the necessary precautions to keep their data safe. In this blog post, we will discuss some tips for securing your company’s data and revenue. Follow these tips, and you […]

The post Secure Your Company’s Data And Revenue With These Security Tips appeared first on TechBullion.

As a business owner, you know that protecting your data and revenue is essential to the success of your company. Unfortunately, many business owners don't take the necessary precautions to keep their data safe. In this blog post, we will discuss some tips for securing your company's data and revenue...

14/09/2022

DKK Partners, a leading fintech company, which specialises in emerging markets (EM) foreign exchange (FX) liquidity, has appointed Bovill, the financial services regulatory consultancy, as its global compliance partner. Bovill will work with DKK to ensure all processes and operations meet all the appropriate compliance requirements. In addition, Bovill will provide advice and recommendations around regulatory matters, […]

The post DKK Partners appoints Bovill as global compliance partner appeared first on TechBullion.

DKK Partners, a leading fintech company, which specialises in emerging markets (EM) foreign exchange (FX) liquidity, has appointed Bovill, the financial services regulatory consultancy, as its global compliance partner.

14/09/2022

Currently the top 500 US listed stocks by market capitalisation are available in Diversiview, with more US listed stocks being added every day.

The top 500 US listed stocks by market capitalisation are available in Diversiview, with more US listed stocks being added every day.

14/09/2022

Payapps and Autodesk have partnered to align Autodesk Construction Cloud solutions with Payapps’ global construction payment management solutions.

14/09/2022

Forbes Asia has released its 2022 “100 to Watch” list recognising the top 100 fastest-growing startups and small companies in the Asia Pacific region.

This year’s list include 17 startups in the fintech and insurtech sectors tackling a broad range of areas including business banking, wealth management, compliance and crypto crime.

These companies, representing 15 countries and territories, were selected from over 650 public nominations and cover 11 categories.



Alami (Indonesia)

Founded in 2018, Alami is a licensed Sharia-compliant peer-to-peer (P2P) lending platform for micro, small and medium-sized enterprise financing based in Indonesia. The company, which claims to have disbursed more than US$200 million for over 8,500 MSMEs financing transactions with 0% default rate, has been working toward becoming a full-fledged Sharia challenger bank, acquiring in March 2021 Sharia rural bank, BPRS Cempaka Al-Amin.

AwanTunai (Indonesia)

Founded in 2017, AwanTunai is a point of sale (POS) financing solution aimed at digitising Indonesia’s vast cash economy. The company builds digital distribution, helping thousands of micro-retail merchants to access working capital as well as accept payment from AwanTunai consumer credit, all the while providing consumer financing at the other end of the spectrum. AwanTunai closed a US$8.5 million round in March and is valued at around US$57 million.

EasyTransfer (Singapore)

Founded in 2013 and headquartered in Singapore, EasyTransfer is an online tuition payment services platform for international students. The company hosts a global network of financial institutions and is partnered with payment services like Tencent, UnionPay and Cashfree Payments to offer families a streamlined and cost-effective international payment method. EasyTransfer claims more than 280,000 end-users, and over US$3 billion in transactions processed each year.

Endowus (Singapore)

Founded in 2017, Endowus is a Singapore-based digital wealth platform for the Central Provident Fund (CPF), Supplementary Retirement Scheme (SRS), and cash savings, helping people grow their money with expert advice and access to institutional financial solutions at low fees. Endowus claims to manage more than S$2 billion in assets under management and expanded to Hong Kong in July 2022.

Fano Labs (Hong Kong)

Founded in 2015 and headquartered in Hong Kong, Fano Labs specialises in speech and natural language processing technologies, helping enterprises in finance, banking, insurance and other sectors with their customer services, compliance, and other lines of businesses. A spin-off from the University of Hong Kong, Fano Labs provides solutions such as voice authentication, sales monitoring and compliance checks.

Finhay (Vietnam)

Founded in 2017 and headquartered in Hanoi, Finhay is a licensed brokerage company that runs a wealth management platform. The platform utilises machine learning to identify and recommend investments for investors, and claims more than 2.7 million registered users. Finhay closed a US$25 million Series B in June to invest in strategic business expansion, talent acquisition and technology development.

G-hcare (Mainland China)

Founded in 2018 and headquartered in Shanghai, G-hcare provides business-to-business health insurance data and management platforms for insurance companies. Through a global medical network and advanced risk management technology, G-hcare enables the insurance industry to provide diversified health management and insurance schemes, and improve customer experience. The company works with insurers like China Life, China Taiping and Ping An.

Leapstack (Mainland China)

Founded in 2016 and headquartered in both Beijing and Shanghai, Leapstack is a technology company focusing on health insurance risk control. The company serves insurance companies, insurance intermediary and other regulatory partners, providing them with artificial intelligence and big data-driven risk control solutions. Leapstack closed a CNY 150 million (US$21.6 million) Series C in January 2022 and has been working on expanding regionally.

Magnum Research (Hong Kong)

Founded at and incubated by the Hong Kong University of Science and Technology in 2016, Magnum Research is the developer of digital wealth management platform Aqumon. The company focuses on making investment advice cost-effective, transparent and accessible to both financial institutions and retail investors, leveraging big data and quantitative technology to enable optimal portfolio constructure. Aqumon claims more 150 partnering financial institutions.

Merkle Science (Singapore)

Founded in 2018 and headquartered in Singapore, Merkle Science provides blockchain transaction monitoring and intelligence solutions for crypto-asset service providers, financial institutions, and government agencies, helping them detect, investigate, and prevent money laundering, terrorist financing, and other criminal activities. The company secured a US$19 million Series A in August 2022.

NewBanker (Mainland China)

Founded in 2016 and headquartered in Beijing, NewBanker is the developer of a customer relationship management software for the wealth management industry. The company’s platform provides a business support system for wealth management organisations as well as a site acquisition system. NewBanker claims to be serving dozens of financial institutions and funds in China including China Merchants Fund Management, Harvest Fund Management and Yinhua Fund Management.

OneDegree (Hong Kong)

Founded in 2016 and headquartered in Hong Kong, OneDegree is a licensed virtual insurer offering protection for pet, e-commerce, home, critical illness and digital assets for individuals and businesses. For corporates, OneDegree provides an insurance platform designed to fully digitise the insurance process. OneDegree claims to have accumulated over 100,000 paid users in Hong Kong, making it the largest virtual insurer in the city.

Payhere (South Korea)

Founded in 2019 and headquartered in Seoul, Payhere is a mobile POS system maker. The company provides software that can be used free of charge by anyone who downloads it, allowing small business owners to accept different payment methods affordably and conveniently. Payhere closed a US$84.2 million Series A in December 2021, claiming 9,000 customers at the time.

PeopleFund (South Korea)

Founded in 2015 and based in South Korea, PeopleFund is a P2P lending platform that connects borrowers with lenders. The company leverages technology and a proprietary, data-driven credit model to deliver better loan rates for borrowers while maintaining a low default rate. PeopleFund claims it has surpassed the US$1 billion in loan origination mark and served 400,000 retail investors.

Qapita (Singapore)

Founded in 2019 and based in Singapore, Qapita is a provider of a digital equity management software-as-a-service solution. Qapita’s solution seeks to automate the equity management process for startups, facilitate liquidity to shareholders, and automate all processes for equity matters in private markets. The startup has secured more than US$32 million in funding.

Thriday (Australia)

Founded in 2020 and headquartered in Melbourne, Thriday is an all-in-one financial management platform for businesses, focusing on automating banking and accounting functions. Formerly known as Thrive, Thriday provides a transaction account that comes with features such as expense tracking, invoicing, reconciling, payroll, AI features for budgeting, taxes and accounting, and more. The service has not launched yet but claims over 10,500 businesses in its waitlist.

Verihubs (Indonesia)

Founded in 2019 and based in Jakarta, Verihubs is an all-inclusive verification platform, helping enterprises and startups in sectors such as banking, fintech, e-commerce, and other digital sectors to prevent fraud occurrences. The company uses AI-based identity authentication technology and APIs to allow companies to verify returning customers through SMS, WhatsApp or flash calls. As of September 2021, it claimed 46 customers including major banks and fintech companies.



Featured image credit: edited from Freepik

The post 17 Fintech and Insurtech Startups Among Forbes Asia’s Top 100 to Watch in 2022 appeared first on Fintech Singapore.

Meet the 17 fintech and insurtech startups in the Asia Pacific featured on Forbes Asia's 2022 100 To Watch list.

14/09/2022

New week – new closed funding rounds! This week’s funding highlights cover personal finance, software, crypto, BNPL, and many more! Take a look at some major investments of this week.

Danish fintech start-up Moneyflow lands €250m in debt financing (Fintech Futures)

Nordic embedded finance start-up Moneyflow has entered a €250 million debt financing agreement with banking-as-a-service (BaaS) provider Aion Bank. Moneyflow says the facility will help accelerate the rollout of its embedded finance services on its partner platforms throughout the Nordics and the rest of Europe. Founded in 2018 and based in Copenhagen, Moneyflow provides two kinds of funding solutions for businesses – invoice funding and revenue funding. To enable this, the fintech platform has developed its own underwriting engine with risk and payment prediction features. Read more

AtoB, the First Fintech Payments Platform to Modernize America’s Trucking Industry, Announces $155M Series B Fundraise Round (The Economic Times)AtoB Has Raised $230 Million To-Date to Fix Fleet Transportation’s Broken Financial System, Address Supply Chain Failures, and Bring Financial Services to Drivers and Operators For First Time. AtoB’s Series B was led by Elad Gil and General Catalyst with participation from existing investors Collaborative Fund, Contrary Capital, XYZ Venture Capital, and Leadout Capital. Prior rounds were led by General Catalyst and Roy Bahat of Bloomberg Beta. AtoB’s individual and institutional backers include industry stalwarts Eric Schmidt, former Google CEO and Alphabet executive chairman; Marc Benioff’s TIME Ventures; AngelList Founder Naval Ravikant; DoorDash founders Tony Xu and Stanley Tang. Read more

Goldman Lends $140 Million to Latin American Fintech Xepelin (Bloomberg)Goldman Sachs Group Inc. provided a $140 million credit line to help finance a Mexico expansion for Latin American fintech Xepelin Holdings Inc., which offers services including payments and credit to small and midsize companies that do business with other firms. “It’s our largest credit facility so far, denominated in Mexican pesos, and it’s just the beginning of what we hope will be a long-term relationship,” Nicolas de Camino, co-founder and co-chief executive officer of Santiago-based Xepelin, said in a video interview. “We hope we can increase it in the future, and a few times.” Read more

VerifyVASP Raises Series A Funding at $100M Valuation Led by FTX Ventures (Fintech Singapore)Compliance startup VerifyVASP has concluded its Series A investment at a US$100 million valuation. FTX Ventures together with Peak Capital and Bcharu invested US$5 million into the company to cement its position as a Travel Rule solution trusted by virtual asset service providers (VASPs). Based in Singapore, VerifyVASP provides a one stop Travel Rule solution encompassing counterparty due diligence, Travel Rule messaging and integrated risk monitoring for over 70 digital asset businesses from 24 countries, globally. Read more

Alloy raises $52m for global expansion (Finextra)Alloy, the New York-based company behind an operating system that helps banks and fintechs make better identity and risk decisions, has raised $52 million at a $1.55 billion valuation. Lightspeed Venture Partners and Avenir Growth led the funding with participation from Canapi Ventures, Bessemer Venture Partners, Avid Ventures, and Felicis Ventures. The firm will use the funding for a global expansion taking in 40 countries across North America, Emea, Latin America, and Asia Pacific. Read more

Berlin-based topi scores €44.8 million to unlock seamless subscription-based transactions for retailers and manufacturers (EU-startups)Berlin-based fintech topi is empowering retailers and manufacturers to access subscription-based transactions and helping to fuel the shift to a circular economy. The startup has just secured €44.8 million and announced a strategic partnership with GRAVIS, a leading electronic retailer in Germany. Berlin-based fintech topi is empowering retailers and manufacturers to access subscription-based transactions and helping to fuel the shift to a circular economy. The startup has just secured €44.8 million and announced a strategic partnership with GRAVIS, a leading electronic retailer in Germany. Read more

SteelEye raises $21m Series B (Finextra)In what has been dubbed the largest RegTech raise by a European firm in 2022, SteelEye has raised $21 million in a Series B round led by Ten Coves Capital. Providing solutions for regulatory reporting, communications and trade surveillance, best ex*****on monitoring, and data analytics, the SaaS-based RegTech platform’s total capital raised has now increased to $43 million. SteelEye will channel this funding from existing investors Fidelity International Strategic Ventures, Illuminate Financial, Beacon Equity Partners, and a large family office to accelerate global expansion, particularly in North America. Read more

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New week – new closed funding rounds! This week’s funding highlights cover personal finance, software, crypto, BNPL, and many more! Take a look at some major

14/09/2022

DKK Partners, a leading fintech company, which specialises in emerging markets (EM) foreign exchange (FX) liquidity, has appointed Bovill, the financial services regulatory consultancy, as its global compliance partner

14/09/2022

Cake DeFi, the leading and fastest-growing Singapore-based fintech firm, has announced the launch of its global R&D hub, Birthday Research.

14/09/2022

LianLian Global, a leading global cross-border payments service provider, announced the introduction of the world's first cross-border payments guarantee to China.

14/09/2022

New research shows that most leading Islamic finance professionals expect the sector to move rapidly towards greater use of open banking over the next three years.

14/09/2022

Wio Bank, which describes itself as “the region’s first platform bank”, has officially launched operations in the UAE, with its HQ in Abu Dhabi.

Wio Bank launches in the UAE

The digital bank aims to provide financial solutions via digital banking apps, embedded finance and as Banking-as-a-Service (BaaS).

Wio is jointly owned by Abu Dhabi Holding Company (ADQ), Alpha Dhabi, Etisalat and First Abu Dhabi Bank (FAB) with an initial capital of AED 2.3 billion ($630 million).

Wio aims to partner up with other fintech start-ups to offer customers a “fully digital banking experience” through its mobile app.

“Wio will focus on introducing state-of-the-art digital banking apps for customers and embedding financial services in digital businesses that are frequented by consumers,” says Jayesh Patel, CEO of Wio Bank.

Its first product, Wio Business, is a dedicated app for SMEs, entrepreneurs and freelancers, offering business banking solutions such as digital account opening, expense management, virtual cards, foreign exchange, payments and savings.

The digital bank received approval from the Central Bank of UAE earlier this year, and appointed Patel as CEO and Salem Al Nuaimi as chair of its board in May.

Wio Bank, the region’s first platform bank, has officially launched operations in the UAE, with its headquarters in Abu Dhabi.

14/09/2022

Low-code platform provider Pegasystems (Pega) has been picked by First Tech Federal Credit Union (FCU) for a consolidated customer relationship management (CRM) solution.

First Tech FCU selects Pega for a unified CRM platform

First Tech FCU has been using Pega’s AI-led decisioning and workflow automation solution to manage fraud and disputes, and has now decided to “replace and unify” its entire CRM set-up onto one platform.

The new platform will consolidate four different back-office systems, “eliminating labour-intensive steps”. Pega adds it will also reduce agents’ call handling times by 40% and introduce “smart forms” for the bank’s members.

“We partner with Pega not only for their strong CRM expertise but also because we can scale and automate operations quickly to advance our enterprise transformation plans,” says Mike Upton, chief digital and technology officer, First Tech FCU.

“With Pega software, we’ve already seen significant success by reducing the number of processes through the power of digital automation.

“This creates more visibility between our front and back office, making it easier for our employees to provide top notch customer service, while improving the entire banking experience for our members.”

Headquartered in San Jose, California, First Tech FCU handles over $15 billion in assets, serves technology-oriented companies including Google, Amazon, HP and Cisco, and delivers banking services to over 720,000 members.

Low-code platform provider Pegasystems has been picked by First Tech Federal Credit Union (FCU) to unify its custpmer relationship management (CRM).

14/09/2022

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The post How to Remove the Background from Images? appeared first on TechBullion.

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14/09/2022

Kingfisher Mining Raise $4.25m for Gascoyne exploration

Kingfisher Mining (KFM) is set to raise $4.25 million from private investors in its first capital raise since listing on the ASX in December 2020

The company plans to issue 10 million shares at 42.5 cents to raise the funds, with the money to go towards rare earth elements exploration in WA’s Gascoyne region

The company says this exploration work will build on successful discoveries already made in the area and will include drilling and geophysical survey work

In addition to the placement, the company’s directors have committed to investing $270,000 in the company at the placement price, subject to shareholder approval

Shares in the company are up 9.89 per cent and trading at 50 cents at 1:36 pm AEST

Kingfisher Mining Raise $4.25m for Gascoyne exploration Kingfisher Mining (KFM) is set to raise $4.25 million from private investors in its first capital

14/09/2022

The Numbers If I get the publishing date right, this should come up as my 400th blog for Clarus. We have a mini “leader board” on our website, and you will see that Amir is (just) ahead of me – not for long! Looking at my history on the blog: My very first blog was […]

The Numbers If I get the publishing date right, this should come up as my 400th blog for Clarus. We have a mini “leader board” on our website, and you will see that Amir is (just) ahead…

14/09/2022

Fazz, the Southeast Asian digital financial services group created by the merger of PayFazz and Xfers, announced today that it has raised a total of $100 million in Series C funding. This includes $75 million in equity and a $25 million debt facility.

The equity investment came from returning investors Tiger Global, DST Investment, B Capital, Insignia Ventures Partners and ACE & Company, with participation from Ilham Ltd, EDBI, InterVest, Y Combinator managing director Michael Seibel and GGV Capital managing partner Hans Tung. The debt facility is from Lendable.

Fazz will use the round to continue building out its business accounts, which include payment, savings and credit features. The company says that it saw $10 billion in annualized transaction volumes last year. It plans to double its transaction volumes over the next 12 months, and expand its teams in Singapore, Indonesia, Malaysia, Vietnam and Taiwan from 800 employees to 1,400.

Formerly known as Fazz Financial Group, Fazz’s goal is to close the $300 billion funding gap for MSMEs, which has been exacerbated by the pandemic, and give them the same tools as larger businesses.

In a press release, CEO Hendra Kwik said, “Our technology is our key differentiator—we invest a lot in the tech side of our business to ensure that any business from small family shops all the way to big enterprises can access financial tools to build their business.”

Fazz’s units include Fazz Agen, an agent-based financial app for micro- and small-businesses in Indonesia, Fazz Business, its business accounts, which serves businesses ranging in size from MSMEs to large corporations, Modal Rakyat, a peer-to-peer lending and borrowing services for MSMEs, and payments infrastructure provider Straits X.

In a press statement, Tiger Global partner Alex Cook said, “Fazz provides important financial tools to businesses in Southeast Asia, many of whom lack easy access to digital payments, treasury functions and growth capital. The Fazz platform has been rapidly adopted by both small businesses and larger corporations, and we look forward to continuing our partnership with the Fazz team.”

An action plan for founders fundraising in fintech’s choppy waters

Southeast Asian fintech Fazz raises $100M Series C to serve businesses of all sizes by Catherine Shu originally published on TechCrunch

Fazz, the Southeast Asian digital financial services group created by the merger of PayFazz and Xfers, announced today that it has raised a total of $100 million in Series C funding. This includes $75 million in equity and a $25 million debt facility. The equity investment came from returning invest...