Fintech

The platforms took a wait-and-see attitude, rather than actively addressing their problems.

The acquisition comes after LinkAja raised more than USD 100 million in its Series B funding round.

Partior aims to address the need for efficient digital clearing and settlement solutions across the banking industry.

In July, Hong Kong-based AMTD Digital acquired a controlling stake in Fomo Pay.

Tonik has onboarded 30,000 clients and achieved a positive balance sheet of over USD 20 million within a month of operation.

The firm recently surpassed USD 1 billion in assets under management.

With the latest funds, Tamara plans to fuel its expansion and launch in new GCC markets by the end of the year.

The funding comes at a time when Reserve Bank of India is working on floating its own fiat currency and putting a ban on crypto trading.