article thumbnail

Singapore’s ANEXT Bank Reports Doubling of Its MSME Clients

Fintech News

ANEXT Bank, a digital wholesale bank based in Singapore and a subsidiary of Ant International, has reported a substantial increase in its micro, small, and medium enterprise (MSME) customer base. As of the end of May, 69% of its customers are micro businesses, with 56% of loan customers and 80% of deposit customers falling into this category.

article thumbnail

11 Most Promising Singapore Fintech Startups in NextGen Tech 30

Fintech News

YouTrip YouTrip illustration, Source: YouTrip Launched in 2018, YouTrip is a mobile financial platform based in Singapore that offers a multi-currency mobile wallet and a contactless Mastercard to make payments in over 150 currencies. The platform is designed for travelers and tech-savvy consumers alike.

FinTech 107
article thumbnail

Abillio Becomes DAC7-Compliant Payments Provider for Online Internship Marketplace Vaqat

Fintech Finance

One of the biggest issues for us was to manage invoices, tax compliance, and multi-currency payments to students globally, and with the new DAC7 regulation requiring data collection and income reporting, the issue has grown bigger,” says Daniel Robaczewski, the founder of Vaqat.

article thumbnail

10 Best Bank Statement Extraction Software in 2024

Nanonets

It can handle bank statements with complicated layouts (think, multi-line items, nested tables, etc.)   FreshBooks can categorise transactions based on predefined rules, reducing manual data entry. Handles transactions in different currencies. Yearly: $119.99 Lifetime: $199.99 mo Advanced: $247.23/mo ✅ Pros: 1.

article thumbnail

13 Southeast Asian Fintechs Among CNBC’s Global Top 250 List

Fintech News

It also comes a payment card which allows users to spend their crypto directly in fiat currency. The company offers innovative digital financial services aimed at empowering local and regional micro, small, and medium enterprises (MSMEs). The platform is designed for travelers and tech-savvy consumers alike.

FinTech 123
article thumbnail

Sizzle Or Fizzle: The Ant Financial IPO?

PYMNTS

As is well known by now, Ant Financial , the Chinese micro-lending Internet player, has raised a whopping $4.5 The funding is a striking portrait of demand by investors with dry powder to gain entry into a nascent, technology driven market. billion in its latest financing round, a tidy sum above the $3.5 Sizzle or Fizzle?

CFPB 40
article thumbnail

Stripe Teardown: How The $35B Payments Company Plans To Supercharge Online Retail

CB Insights

In the same way that Square built a payment-centric ecosystem for brick-and-mortar SMBs and micro-merchants, Stripe has reinvented online payment acceptance. As companies increasingly operate on multi-party platforms and marketplaces, the ability to accept and send payments to third parties is vital. Source: Square.