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Data Vantage: GrabPay and other SE Asian fintech startups pocket more capital

Data Vantage: GrabPay and other SE Asian fintech startups pocket more capital
June 29, 2021
With the spread of COVID-19 driving the adoption of fintech solutions across Southeast Asia, leading tech startups are in a good position to raise more capital.
Within the past week alone, DealStreetAsia – DATA
VANTAGE identified three major updates by homegrown fintech firms.
Singapore’s
GrabPay received $55 million in additional capital from its parent company, A6 Holdings Inc, an entity under
Grab Holdings Inc that houses most of the ride-hailing giant’s fintech operations.
Last month, GrabPay secured a partnership with Silicon Valley-based Stripe to enable businesses in Singapore and Malaysia to offer GrabPay Wallet as a payment method through Stripe’s platform. The partnership is expected to cover other markets in Southeast Asia. ....

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Stripe CFO Dhivya Suryadevara on $95B valuation, Europe expansion

studioEAST/Getty Images
Stripe announced a $600 million funding round on Sunday, boosting its valuation to $95 billion.
Stripe is now more valuable than SpaceX and is likely the most valuable private tech company ever.
Stripe s CFO says that Europe is a major growth opportunity, even as it doubles down on enterprise.
Stripe has raised a new $600 million round of funding that sends the online payments processor s valuation skyrocketing up to $95 billion, the company announced on Sunday.

That valuation makes Stripe the most valuable private tech company in the world, beating out SpaceX s last valuation of $72 billion. In fact, the Financial Times reports that Silicon Valley-based Stripe is now the most valuable privately-held tech company in history, surpassing the $80 billion or so mark achieved by Facebook ahead of its own IPO, or the $72 billion high-water mark hit by Uber. ....

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