Great Eastern to pump US$70m into fintech Axiata Digital's expansion plans

Singapore

GREAT Eastern will make a US$70 million investment in Axiata Digital's financial-services business to "participate in Axiata's growing fintech expansion plans in the region", said Great Eastern's group chief executive Khor Hock Seng on Thursday.

The investment will be made via a newly created holding company Boost Holdings, which will be wholly-owned by Axiata Digital, the digital arm of Axiata Group.