Fintech

Since its launch in 2012, e-wallet platform MoMo has amassed 20 million users, or about 21% of Vietnam’s population.

The product is aiming at Razer’s customer base, providing wealth management solutions such as regular savings plans and money market funds.

Ajaib allows Indonesians to buy and sell stocks, ETFs, mutual funds, and other retail financial products, in a country that has one of the world’s lowest investment penetration rates.

Ant Group could raise as much as USD 30 billion through the IPO, surpassing Saudi Aramco’s USD 29.4 billion listing to become the world’s largest-ever fundraising.

China’s Ant Group plans to raise more funds on Shanghai’s Star market than in Hong Kong as part of its up to USD 30 billion dual listing.

The gaming and e-commerce firm is a homegrown success, but how exactly did the co-founders grow the company and earn their riches?

While Ant Group holds the majority stake with a 29.7% share, Japanese conglomerate SoftBank has a 19.6% shareholding, followed by SAIF Partners with 18. 56% stake.

Melio, an Israeli startup that developed a payment platform focused on small businesses in the US, emerged from stealth mode on Tuesday and announced that it raised USD 144 million in funding in recen