Southeast Asia ride-hailing firm Grab is continuing to add strategic investors to its ongoing Series H round — which is targeted at over $3 billion — after it revealed Thai bank Kasikorn put in $50 million as part of a strategic partnership to advance its financial services strategy. Kasikorn joins Hyundai ($250 million), Microsoft (undisclosed) […]
View More Grab lands $50M from Thailand’s Kasikorn Bank to further its fintech pushCategory: e-money
Tencent backs fintech firm Voyager to set up battle with Alibaba in the Philippines
China’s internet battle is rapidly reproducing itself in Southeast Asia. One new hotspot is the Philippines, where Tencent just agreed to invest in Voyager, a fintech business started by telecom firm PLDT. The deal would bring Tencent into direct competition with arch-rival Alibaba, which entered the Philippines 18 months ago when its fintech affiliate Ant […]
View More Tencent backs fintech firm Voyager to set up battle with Alibaba in the Philippines