LINE MAN Wongnai announced today that it has raised US$265 million in a Series-B investment round led by GIC, Singapore’s sovereign wealth fund, and LINE Corporation. This fundraising round was also joined by BRV Capital Management, PTT Oil and Retail Business Public Company Limited (OR), Bualuang Ventures and Taiwan Mobile.

With this investment, LINE MAN Wongnai has achieved a valuation of over US$1 billion, making it Thailand’s largest tech startup by valuation.

Payment technology company Tribe Payments, today announced it is providing digital bank, Paytend, with both issuer and acquirer processing services. The partnership enhances Paytend’s product offering, enabling them to issue payment cards, allow users to add cards to mobile wallets - including within Paytend’s own mobile banking app - and allow merchants to accept POS and online transactions.

Finances and banking have dramatically changed in recent decades, and technical innovations were the main contributor. Edgy satellite-driven technologies facilitate financial decision-making and open up new business horizons, and the geographic information system (GIS) is among the best novelties.

Geospatial data gives more specific information to banks than any other source. Banks can study market demand, track competitors, and manage agricultural credit risks.

What Is Geospatial Data?

Shaype, Australia’s only one-stop-shop embedded finance platform, has secured an additional A$33 million in new equity investment in a Series C capital raise.  

Proceeds from the latest investment round will be used to accelerate growth, with a particular focus on expanding the team to support a full pipeline of Australian clients, as well as international expansion. 

Islamic banks are facing numerous challenges in today’s increasingly complex business environment. In addition to keeping up with emerging technologies, Islamic banks must find innovative solutions to ensure compliance with changing regulations, customer demand for personalization and customization, including end to end digital onboarding and a seamless omnichannel digital banking experience.

Redefining the financial services industry!

Growing awareness of Islamic banking products and their benefits have increased the demand for innovative Islamic banking products and solutions. Banks require innovative solutions to not only deliver these options to customers, but also address the numerous challenges in today’s increasingly complex business environment such as keeping up with emerging technologies, ensuring compliance with changing regulations, and customer demand for more personalized and customized experiences.

Islamic investing is grounded in Islamic finance principles, which aims to meet investors’ financial needs with integrity and in a manner that is fair, trustworthy, honest and ensures a more equitable wealth distribution. Islamic investing is beginning to be seen not only as a religiously guided investment but also as an ethical form of investing that promotes real economic activities that are socially desirable.

An End-to-end Investment Management solution.

Over the last two decades, Africa's monetary systems have advanced. However, most Africans still lack access to credit and other forms of credit-based financial services despite liberalization, privatization, and stability. Most African financial institutions have enough capital and liquid assets. Although deeper, wider, and cheaper financial resources have been made available, they have yet to bear fruit. Over the last 20 years, Africa has made great strides in tightening banking regulation, leading to far more stable financial institutions.

ITS was pleased to announce that it has signed a definitive agreement with Amal Bank in Somaliland, that entails the delivery of a wide set of financial solutions that include assistance in disaster recovery (DR) Site and host services in its Datacenter.

The deal will further support the ongoing mission of ITS and Amal bank to offer the latest innovative, customized, and Shariah-compliant financial products and services.