Kaya Founders, a Philippines-based venture capital firm, is today announcing the first close at US$12 million in funding across two new funds to back the next generation of tech-enabled, industry-shaping start-ups across Southeast Asia. The funding round was anchored by the Gokongwei family with participation from institutional investors, family offices, high-net-worth individuals, and prominent entrepreneurs. This brings the total committed capital managed by the firm to $16.5 million. 

Iliad Solutions, a global leader in payments testing, is offering support to financial institutions adopting the new FedNow Service to help them get ‘Service’ ready. The FedNow Service, due to go live in July, will give financial institutions across the US the opportunity to provide new, safer and efficient, instant payment services in real-time, 24/7. 

Testing is critical

Liminal, a leading wallet infrastructure and custody solutions platform announced today that it has become a part of the advisory panel of the Telangana government’s Web 3.0 Regulatory Sandbox to nurture viable and scalable Web3 projects in the state. Stalwarts from the industry as a part of the governance and advisory panel will enable Web3 startups to scale and grow by providing them technical, management, and operational guidance.

Consumer fintech Salmon today announces its partnership with FC Home Center, one of the top 10 retailers in the Philippines.

FC Home Center customers may now shop using Salmon’s point-of-sale financing service, giving them access to installment financing and greater financial flexibility. Salmon is currently building its network of sales ambassadors across FC Home Center’s retail locations and is aiming to reach 106 active stores in Metro Manila and the rest of Luzon in the near future.

The prime minister made his big ambitions for UK tech clear in his opening keynote at London Tech Week. Sunak shared why the UK is a great location for tech businesses and the progress that’s been made to date such as the creation of 134 unicorns in the past decade and the UK being the best place to raise capital in Europe.

TD Wealth® has tapped Salesforce Financial Services Cloud (FSC) to help advisors automate and quicken client account openings and onboarding with a unified, predictive intelligence console that provides teams with insights and recommendations, such as next best actions and life event alerts.

Adoption of trading in emerging markets from hedge funds, proprietary trading firms and bank trading and execution desks are set to grow significantly as firms look to diversify trading strategies, seek unique opportunities and broaden exposures, a new study has found. 

The study Expanding Connectivity: Exploring the Challenges and Solution for Trading in New Markets, published today, was produced by Acuiti in association with BSO.

Leading Accounts Payable (AP) automation solution provider, 

Tools for Brokers, a leading technology provider for retail brokers and hedge funds, announced the appointment of Han Ong as the company’s new Head of the Singapore office. 

Finfra, the one-stop shop for companies launching white-labelled lending products in Indonesia, has announced it raised $1 million in funding. The funding round was a collaborative effort by DSX Ventures and Seedstars International Ventures, regional fintech experts Cento Ventures and Fintech Nation, Baltic-based startup support incubators FirstPick and BADideas Fund, and Silicon Valley-based Hustle Fund.