Car marketplace Carro, a subsidiary of food delivery platform Grab, is among several companies slated to participate in a 4.8-trillion-rupiah (about $334 million) rights issue by Indonesian digital lender Allo Bank, Reuters reported Wednesday (Jan. 5). eCommerce firm Bukalapak.com, conglomerate Salim Group, online travel startup...
FinTech Revolut has gotten permission from the Monetary Authority of Singapore (MAS) to allow customers to trade gold and silver on its app, finews.asia reported Wednesday (Jan. 5). The U.K. company plans to launch the service this year, allowing customers to buy and sell gold...
Super apps like China’s WeChat have become intrinsic to consumers’ lives, moving beyond messaging apps to cater to a wide array of digital service needs like payment transfers, buying train tickets, paying rent, or purchasing goods and services. For emerging markets, the proliferation of these...
In today’s top Europe, Middle East and Africa news, Google has purchased Israeli cybersecurity firm Siemplify for $500 million, and the U.K.’s new investment rules have kicked off, eyeing foreign mergers and acquisitions (M&A). Plus, Denmark’s ComplyCloud snags 4.5 million euros, French telco Orange backs...
Pakistan’s Federal Board of Revenue (FBR) on Tuesday (Jan. 4) pushed back the deadline for the country’s corporate sector to switch to digital payments to Jan. 31, according to a Pakistan Today report. “Taking cognizance of various representations filed by taxpayers, the FBR is pleased...
China has upped its regulations for online companies to be listed on overseas stock exchanges as it tightens its hold on an expanding technology sector. Starting in mid-February, the Cyberspace Administration of China (CAC), a Beijing-based central internet regulator for the People’s Republic of China,...
In today’s top Europe, Middle East and Africa news, U.K. high street bank Lloyds has acquired a stake in loyalty app Bink, while European giants Delivery Hero and Glovo have consolidated in the delivery space. Plus, late payments threaten 8% of U.K. small- to medium-sized...
The U.K.’s Federation of Small Businesses says that a “late payment crisis,” coupled with high inflation and increased administration for international traders, is threatening to shrink the business community. The FSB’s latest Small Business Index (SBI) found that nearly one in three (30%) of the...
Startup scenes in Europe, the Middle East and Africa (EMEA) are buzzing with activity, attracting major venture capital investment this year that has led to the creation of close to 100 ‘unicorns’ — private companies with a valuation of at least $1 billion. Often overshadowed...
