FinVolution to Raise $130m to Grow its Global Business
Weekly APAC news up to Wednesday, 25th of June 2025.
👀 NEWS HIGHLIGHT
FinVolution Group, an AI-powered FinTech platform operating in China, Indonesia, and the Philippines, has plans to raise $130 million through a private offering of convertible senior Notes, which will mature in 2030.
The offering will be made to qualified institutional investors and is subject to market conditions and standard closing procedures.
NOW, ON TO THE SUMMARY OF LAST WEEK'S NEWS
🧋 REGIONAL HIGHLIGHTS
⭐️ Card payments remain the top choice of South Koreans.
⭐️ Google Pay is coming to Bangladesh.
⭐️ K-Bank launches third attempt at IPO, targeting $3.6 billion valuation.
⭐️ Pacific nation Nauru passes law to establish a crypto regulator.
AUSTRALIA 🇦🇺
AUDC launches the Australian Digital Dollar AUDD stablecoin on the Hedera Network. AUDD can now be held, sent, and received by anyone using a Hedera-enabled digital wallet, offering seamless, real-time access to Australian dollar stablecoin payments.
SINGAPORE 🇸🇬
OKX and Consensys announce strategic partnership, integrating DEX API for MetaMask and MEV Protection for OKX Wallet. The partnership will enhance the on-chain trading experience for millions globally through expanded trading capabilities and advanced user safety features.
HONG KONG 🇭🇰
Airwallex receives asset management licence in Hong Kong. By integrating Yield into the Airwallex platform, businesses can now streamline their financial operations by managing their working capital and surplus funds in one place. Keep reading
UNITED ARAB EMIRATES 🇦🇪
FinTech firm DLocal secures licenses in the UAE, Turkey, and the Philippines. These new licenses contribute to dLocal's expanding portfolio, which includes over 30 licenses and registrations worldwide. Keep reading
CHINA 🇨🇳
Alipay embeds payments into AR glasses. Alipay has integrated QR code payments into augmented reality glasses from Chinese outfit Rockid to enable users to pay for products in-store by looking at the label. Keep reading
UOB Becomes Direct Participant in China’s Cross-Border Payment System. UOB will offer RMB clearing, settlement, and payment services to businesses and financial institutions in and outside China. The bank said this enables real-time gross settlement and reduces intermediary steps, helping clients lower payment and clearing costs.
INDIA 🇮🇳
Razorpay picks up majority stake in Pop for $30 million. Pop will use the funding to strengthen product innovation, enhance the value proposition for consumers via Popcoins-led rewards, and build deeper merchant partnerships across D2C and lifestyle categories.