Singapore fintech
Payments infrastructure – not apps – will define South-east Asia fintech’s next decade
Four critical developments point to where payments in the region are heading next
Local fintech startup HomePay looks to bring greater security to Singapore’s renovation industry
Its mobile app reduces the risk of scams by protecting homeowners through an escrow-payment system
Backed by Alibaba, Singapore’s MetaComp aims to be ‘Asia’s Revolut’ for businesses
With its focus on transaction banking, fintech firm sees itself as builder of broader industry’s infrastructure
Validus raises US$30 million Series D round led by Malaysia’s sovereign wealth fund Khazanah
Startup matches SMEs’ supply-chain financing needs to its pool of institutional investors
Airwallex raises US$330 million Series G funding round led by Addition
The company will set up a second headquarters in San Francisco
M&A always on the radar as bigger players ‘tend to win’: Grab COO Alex Hungate
He stresses that greater scale is crucial to making money in the competitive, low-margin ride-hailing market
3 in 4 SMEs have yet to go green due to financial and time constraints, lack of expertise: study
Recommendations include ramping up sustainability-focused initiatives and developing a ‘sustainability passport’ to track their progress
Airwallex crosses US$1 billion in annualised revenue, eyes doubling within a year
The company’s portfolio includes multicurrency business accounts, corporate cards and payments processing services
Equity management platform Qapita raises US$26.5 million in Series B round led by Charles Schwab Corporation
The funds will go towards US expansion, building new fund administration product
Tencent-backed Airwallex acquires OpenPay; move pits it against Stripe Billing
The Singapore-based company will add the billing platform’s capabilities to its product suite and offer them to customers by Q4 2025
