Sun.Oct 13, 2024

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Insurtech Firm Qoala Cuts Losses by 36% as Revenue More Than Doubles in 2023

Fintech News

Southeast Asian insurtech platform Qoala reported a 36% reduction in net losses for 2023, according to its latest regulatory filings accessed by DealStreetAsia. The Indonesia-based company recorded a net loss of US$14.3 million for the year ending 31 December 2023. Qoala, which provides various insurance products, including health, life, and travel coverage, saw its revenue more than double in 2023, increasing by 144.5% to reach nearly US$18 million.

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Citi Token Services for Cash goes live

Finextra

Citi's Token Services for Cash has gone live, enabling institutional clients to move money between branches around the world 24/7.

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Helicap Bags US$3 Million Investment from GMO Payment Gateway for Credit Fund

Fintech News

GMO Payment Gateway, a Japanese payment and financial services provider, has invested US$3 million in the Helicap Income Opportunities Fund. This is a flagship credit fund managed by a regulated subsidiary of Singapore-based fintech Helicap. The fund offers debt financing to fintech companies across Southeast Asia, supporting their growth in a rapidly expanding market.

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Reduce payments costs with Instant Bank Payments via Link

Stripe

Link’s newest feature, Instant Bank Payments, is priced at 2.6% + 30¢ per successful charge (a discount to cards), allowing you to benefit from the cost savings of bank payments while getting the speed of card transactions.

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eCommerce in 2025: How Customer Experience Drives Online Retail Success

Speaker: Jennifer Wright and Nick Barron

2025 is right around the corner, and with it comes a new wave of consumer expectations, competitive pressures, and operational challenges. Success lies in finding the balance between operational flexibility and creating experiences that keep customers coming back. The future of retail belongs to those who can stay ahead of shifting customer preferences and marketing trends. 🔮 In this session, we’ll dive deep into what it takes to keep customers engaged and your operations nimble, no matt

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PasarPolis and Gojek Partner to Expand Insurance Access in Indonesia

Fintech News

Indonesian insurtech company PasarPolis has expanded its strategic partnership with superapp Gojek , aiming to make insurance more accessible to millions of Indonesians. This collaboration leverages Gojek’s extensive digital ecosystem to integrate affordable insurance solutions into everyday services, including mobility, delivery, and logistics. The partnership offers a variety of insurance products such as SafeTrip for users traveling with Gojek’s mobility services, package delivery insurance f

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Lemon Launches Financing for SaaS Vendors, Reducing Customer Churn and Reducing Customer Costs

The Fintech Times

Lemon , the firm supporting Software-as-a-Service (SaaS) vendors by reducing subscription costs for their SMB customers, is launching a new financing product, in collaboration with UK-based Shawbrook Bank. In a move to unlock new deals and improve cash flow for SaaS vendors, the new product from Lemon is officially launching to the wider market following a successful Beta stage.

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ModaMortgages Begins Controlled Launch, Hoping to Become the ‘Home of Smarter BTL Mortgages’

The Fintech Times

ModaMortgages , a new specialist buy-to-let (BTL) mortgage lender from Wrexham-based digital bank Chetwood Financial , is set to begin its own controlled launch in the build-up to a full national launch early next year. ModaMortgages plans to become ‘the home of smarter, faster, simpler’ BTL mortgages. Working exclusively through intermediaries, ModaMortgages will lend to a wide variety of landlords, including small and large portfolios, limited companies, individuals, and first-time

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Thredd’s AI-Powered Solutions to Take Centre Stage at Singapore Fintech Festival 2024

Fintech News

London-based issuer processor Thredd , which has in the past year announced a slew of new partners in the Asia Pacific region including Southeast Asian fintech BigPay and Australian workflow and spend management platform Paytron while deepening relationships with existing clients like Singapore’s Nium , will be sharing its payments expertise at Singapore Fintech Festival (SFF) 2024 from November 6 to 8.

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Quicken vs QuickBooks: Which is Best for Small Businesses?

Stax

Small businesses in America and worldwide have to choose from a wide variety of accounting software solutions, and this range of choices can be overwhelming. Research shows that 64% of small businesses use accounting software and the market for accounting software solutions is projected to be worth $4.3billion by 2023. It’s safe to say if you are not using an accounting software solution for your business right now, you will be getting one soon.

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Ripple Bolsters Custody Solution With New Features to ‘Better Serve High-Growth Businesses’

The Fintech Times

Ripple , the digital asset infrastructure provider, has unveiled new features and functionality to Ripple Custody, its platform for safeguarding, managing and engaging with digital assets. Ripple revealed that the latest update includes a transaction screening service integration, added hardware security module (HSM) options, an XRPL integration for tokenising Real World Assets ( RWA ), pre-configured policy frameworks, and improvements to the platform’s usability and user interface.

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7 Essential Criteria for Choosing the Right Payments Partner

Speaker: Brad Pinneke, VP of Business Development at Payrix and Worldpay for Platforms

In this webinar, Brad Pinneke, Vice President of Business Development at Payrix and Worldpay for Platforms, will dive into the 7 must-have criteria for evaluating payments partners, helping you maximize both efficiency and the long-term value of your investment. From assessing technology capabilities to leveraging business development opportunities, this session will give you a clear, actionable strategy to select the right partner for scaling your business.

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Enhancing Accounting With Confidence: Why This CFO Has Implemented FloQast 3x

FloQast

Navigating the complex landscape of accounting requires insightful leadership and the right tools. For Jonathon Carley , Chief Financial Officer and Company Secretary at McMullen Nolan Group (MNG) , embracing innovative solutions has been key to his professional growth and the advancement of his team’s accounting practices. Discovering FloQast Jonathon’s introduction to FloQast’s Accounting Transformation Platform dates back to 2016, when he was a group financial controller.