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Fintech B-Social raises seed funds

B-Social, a London fintech that currently offers a “social finance” app and beta debit Mastercard, has raised £3.2 million in seed-round funding from undisclosed high-net-worth individuals. However, the fundraise is just the first step in a journey in which B-Social wants to eventually become a fully licensed bank that reimagines banking around everyday social interactions.
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MTB

MTB launches UnionPay payment services

Mutual Trust Bank (MTB) yesterday joined hands with UnionPay International to jointly launch debit and credit cards alongside QR code payment, e-wallet and digital card services for the first time in Bangladesh. The virtual services allow payments through mobile phones, taking away the need for physically carrying cards. MTB signed the relevant agreements with UnionPay International in Shanghai, China in March. Addressing
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Shopup raises $1.62 million in seed funding

Shopup, a Bangladesh based fintech startup has been able to raise US $1.62 million from Omidyar Network including angel investors from Facebook, Google, Amazon, Grab and global banks. This funding will be used for developing credit algorithm technology, partnering with ecommerce platforms, logistics support companies and offline collaborators. It is expected that this funding will help them fasten acquisition to
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insurtech

A new era in insurance with ‘Easylife’

Guardian Life Insurance has become the first insurance company in Bangladesh to bring digital Online Term Life Insurance—‘Easylife.’ In Bangladesh’s context, the company thus can be called a market mover. At the helm of the company, sits its Managing Director M M Monirul Alam who has already retained the reputation of being a visionary leader in the country’s insurance industry amassing over
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MIT 2

Regional Advantage in Fintech

Written by David Shrier, MIT new ventures  The article first appeared in author's linkedin profile.   I write this column from Hamad Airport in Doha, Qatar, circumnavigating the globe from Boston to Hong Kong to Dhaka and (eventually) back to Boston - inshallah, the snow doesn't strand me in an airport lounge. The week was fascinating and filled with recurring questions from different
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Payza Offers 21% Discount On Online Shopping For The Month Of February

Payza is Bangladesh’s first e-wallet provider and online payment platform. It allows anyone to load money and use those funds to make online payments on e-commerce websites, as well as many other uses. They are continually working to ensure a better experience for their customers. Currently, Payza, along with Bangladesh Commerce Bank Ltd. (BCBL) is offering a big discount of
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LatiPay-FINAL

Fintech Startup LatiPay Raised US$3M

Latitude Technologies, an Auckland-based online payments company which operates under the brand name LatiPay, has secured US$3million in Series A funding from Singapore-based venture capital firm Jubilee Capital Management, with participation from Tuhua Fund, Zino Fund, and an angel investor. With this capital, LatiPay will onboard more merchants onto its platform, in addition to expanding into Singapore and the US.
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Fintech Startup Affordplan Raised US$3 Million To Make Healthcare Affordable In India

Affordplan, a Delhi-based fintech startup catering to the healthcare industry, has announced that it has raised INR20 crore (US$3 million) in Series A round of funding, led by Prime Venture Partners with participation from Kalaari Capital. Affordplan will use the funds to expand the current team, build the network and scale the business to new cities.
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Singapore’s Central Bank (MAS) Exploring Financial Technologies To Boost The Economy

Singapore has turned into a center of financial competency in the Southeast Asian region and the government has come forward to take the financial hub to the next level. The week-long Singapore FinTech Festival was a wonderful step to take the journey forward. In the FinTech conference that took place last Thursday at the Singapore Expo Exhibition Centre- Ravi Menon,
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