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Why Venture Capital Is Accelerating In Asia — Why It’s Different From The Valley

PYMNTS

Despite the pandemic, venture capital dollars are flowing freely to nascent firms in Asia that are tackling the need for contactless interactions and platforms that match supply and demand — setting the stage for innovation on the other side of the public health crisis. Many of them are government, corporate or university led, Dixon said.

Capital 298
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Drip Capital Aims To Create Trade Finance Network For Cross Border Buyers, Suppliers

PYMNTS

And enter Drip Capital , the middleman that serves as the financial grease that enables trade to flow, easing concerns of both buyers and suppliers. said Pushkar Mukewar , co-founder and CEO of Drip Capital in a conversation with PYMNTS’ Karen Webster. When you think of any cross-border transaction — let’s say an importer in the U.S.

Capital 259
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There’s No Room For Another Consumer Payment App in the U.S.

Bank Innovation

but it may be smarter for those startups looking to break into that market to look at other regions, Eric Wiesen, general partner for Bullpen Capital, told Bank Innovation. “In EXCLUSIVE— The march of mobile banking and payments continues across the U.S., In the U.S.,

Payments 278
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Federal Banking Regulators Seek Comments for Additional Capital for Large Banks

Perficient

The FRB and FDIC are looking to improve financial stability by limiting contagion risk ( the spread of an economic crisis from one market or region to another) by reducing the likelihood of uninsured depositors suffering loss. Current Capital Requirements. The current long-term debt calibration for U.S.

Capital 275
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Are Ride-Hailing Apps Responsible for Southeast Asia’s Growing Fintech Market?

Bank Innovation

The region, which includes countries like Vietnam, Indonesia and the Philippines, among others, is a widely under-banked market. Fintech in Southeast Asia is reaching new records for both deals and funding. One of the reasons for this rise may be, perhaps surprisingly, the ride-hailing business.

Fintech 210
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Israel’s Red Dot Capital Likes Southeast Asia’s COVID Comeback Story

PYMNTS

Fresh on the heels of a $200 million round of fundraising, Tel Aviv’s Red Dot Capital is straying from its bread-and-butter focus on homegrown Israeli technology and security startups to find opportunity half a world away in Southeast Asia. He noted that the region’s relatively successful response to COVID-19 has been more disciplined.

Capital 192
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MoneyGram Teams With LuLu Money To Power Asia-Pacific Transactions

PYMNTS

Adeeb Ahamed, managing director of LuLu Financial Group , which is headquartered in Abu Dhabi, said the collaboration with MoneyGram “will revolutionize” how remittances are handled in the Asia-Pacific region, “changing the way people approach digital transactions.”. ” Launched in 2009, Lulu Money has five million users processing 1.1

Regional 250