MUFG Invests $195 Million in Thai Super App Ascend Money
Connecting the dots in FinTech...
Connecting the dots in FinTech...
WEEKLY FUNDRAISING ACTIVITY
?? NEWS HIGHLIGHT
CoinDCX, India’s leading cryptocurrency exchange, is expanding internationally through the acquisition of BitOasis, a digital asset platform in the Middle East and North Africa, the companies said Wednesday.
The Bengaluru-based startup said BitOasis’s team is joining CoinDCX, with the original leadership continuing to manage the exchange, which offers trading in more than 60 tokens. BitOasis will also retain its branding, CoinDCX told TechCrunch.
?? ARTICLE OF THE WEEK
?? M&As
Investment app Robinhood is adding more AI features for investors with its acquisition of AI-powered research platform Pluto Capital, Inc. The company says that Pluto will allow Robinhood to add tools for quicker identification of trends and investment opportunities, help guide users with their investment strategies, and offer real-time portfolio optimization.
Ant Group announced that it completed the acquisition of MultiSafepay. Founded in 1999, MSP is one of the leading payment service providers in the Netherlands / Belgium / Luxembourg (Benelux region) targeted at the SME and lower-end enterprise market.
Kenyan identity management startup, Peleza has merged with YC-backed Prembly to form the Prembly Group. Both companies declined to provide the specific financial details of the transaction.
German FinTech Vivid Money buys Pile’s treasury solution. The mobile banking platform announced the launch of Vivid Business in January to combine corporate and personal financial management into one app.
NOW, ON TO THE SUMMARY OF LAST WEEK'S?NEWS
领英推荐
?? NOTABLE FUNDING ROUNDS
?? FreeBnk Raises $3M in Funding.
?? ABN AMRO completes acquisition of BUX, BUX becomes a subsidiary.
?? FinTech security leader PortSwigger secures $112m investment from Brighton Park Capital.
?? REGIONAL HIGHLIGHTS
UK ????
Bank of America backs London FinTech Simply’s lending to small businesses. The Wall Street giant has agreed a new loan facility with Simply worth up to ￡120m in what the specialist lender hailed as a “milestone”. The initial facility is for ￡60m, with an accordion feature to increase it to ￡120m.
Zeti Announces Series A Investment From Hycap Group. The investment by HYCAP marks a significant milestone in Zeti’s journey to date, having already received investment from leading sustainability investors Powerhouse and Toyota Ventures.
EUROPE ????
Family FinTech app Bling raises $12M Series A funding. Most recently, in February 2024, Bling added its own family-friendly mobile phone plans, "Bling Mobile," in collaboration with Europe's largest telco company, Telekom.?
LATAM
Mexican FinTech Colors Raises $1.2M and Partners with VISA and Círculo de Crédito to Offer Financial Services to the LGTBIQ+ Community. This financial support marks a significant milestone, as Colors becomes the first entity in Mexico to partner with VISA and Círculo de Crédito to offer financial services targeted exclusively to the LGTBIQ+ community
ASIA
MUFG invests in Thai super app Ascend Money. The firm's TrueMoney super app offers a suite of financial services, including e-payment, lending, BNPL, investment and insurance.
AUSTRALIA ????
Bailador takes lion’s share of $22 million raise for FinTech Dash Technology. Dash is a cloud-based financial advice and investment management software platform for financial advisers and institutions to provide more affordable, personalised advice to clients.