SINGAPORE > UK based Frontierpay launches Asian headquarters in Singapore

frontierpay logo A foreign exchange and international payments firms, Frontierpay, is set to open its Asian headquarters in Singapore as a part of international expansion. Expected to grow to a staff of 50 over the next three years, Frontierpay is currently set to hire 5 people. The employees will be focused on supporting customers with their foreign exchange needs which includes supporting More …

INDIA > IFC which is a member of the World Bank Group is set to invest INR 6.4 billion ($100 million) in Mahindra & Mahindra Financial Services Ltd (Mahindra Finance)

IFC logo   Investing $100 million in Mahindra Finance, IFC intends to enable Mahindra Finance to further augment its growth and in turn extend mainly farming loan to individuals to buy tractors, vehicles and other equipment along with financing small and medium enterprises. To be secured through nonconvertible debentures, this loan will assist Mahindra Finance which is already the country’s leading rural More …

USA > UK based Third Bridge expands in the USA with second office

third bridge logo A leading research firm that primarily serves investment companies, Third Bridge is expanding in the US with opening of an office in Los Angeles. Third Bridge established its North American headquarters in New York City in 2010 and since the US team has grown to over 200 employees. The expansion of the second office in Los Angeles was as a More …

SPAIN > The Netherland based Aegon is set to expand its partnership with Banco Santander in Spain investing a total amount of EURO 290 million ($337.4 million) depending upon the performance of the partnership

Aegon logo Aegon is set to expand its partnership with Banco Santander in Spain covering term life and selected lines of non- life insurance following Banco Santander’s acquisition of the Banco Popular franchise in 2017. According to Alex Wynaendts, CEO of Aegon: “I am delighted to announce an expansion of the existing relationship with Banco Santander, which will give us access to More …

SWEDEN > USA based PayPal is set to acquire Sweden based iZettle for $2.2 billion

Paypal logo USA based PayPal Holdings Inc. is set to acquire Sweden based iZettle AB for $2.2 billion. iZettle was supposed to set its prices for an initial public offering the next day. iZettle competes with company such as Square Inc. and Canada’s Shopify Inc. and on May 8 it announced that it was seeking to raise 2 billion kronor($226.6 million) in More …

BANGLADESH > China based Shenzhen Stock Exchange and Shanghai Stock Exchange set to acquire 25% of the Bangladesh based Dhaka Stock Exchange’s 1.8 billion shares for approximately $159 million

DSE logo Rejecting Indian counterpart’s bid, Dhaka Stock Exchange is set to sell its 1.8 billion shares or 25% of the exchange 21 taka ($0.25) per share, around $122 million, during the tender process and pledged additional technical support worth nearly $37 million. National Stock Exchange of India made a lower offer of 15 taka ($0.18) per share. According to bourse’s spokesman More …

SWITZERLAND > Israeli billionaire Marius Nacht is set to invest in Switzerland based banking app Numbrs

Numbrs logo Self- made Israeli billionaire Marius Nacht, is set to invest in a European banking app called Numbrs. Numbrs is based in Switzerland Recently Numbrs has raised a total funding to CHF150m($160.26 million). Marius Nacht is a self-made billionaire with net worth of $1.56 billion and is the co-founder and Chairman of the largest company in Israel, Check Point Software Technologies where he More …

SWITZERLAND > China Construction Bank opens its branch in Zurich, Switzerland

China construction bank logo To open its financial center that will act as European hub for Chinese currency renminbi trading center, China Construction Bank has opened its branch in Zurich, Switzerland. China Construction Bank (CCB) became the first Chinese bank to obtain a Swiss banking license in autumn of 2015. The banking license will enable China Construction Bank to operate as a trading center More …