This week's edition of Finovate Global showcases recent fintech headlines from Hong Kong.
PhotonPay raises $40 million for its stablecoin-based financial operating system
Hong Kong-based fintech PhotonPay has secured $40 million in Series C funding this week. The round was led by Blockchain Capital. New investor SBI Group also participated, and existing investors IDG Capital, GL Ventures, and Lightspeed Faction provided follow-on investments. Blacksheep Technology served as the...
Expanding access to credit is a key component of the push for greater financial inclusion. Much of the innovation in the lending space has been focused on developing more accurate ways to find creditworthy borrowers among the unbanked and underbanked. Technology has helped, but so has a shift in lenders' understanding of creditworthiness, particularly as more workers earn income outside traditional forms of employment as self-employed or seasonal workers, or through the often-irregular work...
- Casap raised $56 million in Series B funding, bringing its total funding to $90 million, to expand its agentic AI platform for financial services operations.
- Casap's AI agents are delivering measurable results, helping more than 100 financial institutions reduce fraud losses, accelerate dispute resolution, and automate complex workflows while maintaining human oversight.
- The funding reflects growing investor confidence in agentic AI as financial institutions move beyond basic task...
Fintech innovation depends on more than good technology. Startups need capital, customers, and industry expertise to grow. Investors need to identify promising companies and emerging opportunities. Financial institutions need solutions that address evolving business challenges.
IMPACT Funders & Founders brings these groups together on May 5, 2027, in San Diego to build relationships, exchange insights, and explore what’s next in fintech. Co-located with FinovateSpring, May 3 through...
- India-based debt platform Yubi unveiled a new lending platform for retail borrowers called Pye.
- Pye works by connecting borrower applications to Yubi's network of lending partners, helping borrowers find the financing that best suits their needs and timeframe.
- Yubi made its Finovate debut at FinovateSpring 2026 in San Diego. The company has facilitated over ₹3.2 lakh crore ($37.4 billion) in credit and 3.5 crore (35 million) transactions.
Indian debt platform Yubi has...
