Hamilton Lane has partnered with Alta to enable pan-regional market access to a fund on its Evergreen Platform; US-based fintech Vemanti Group has partnered with London-based Finastra to build one of Southeast Asia’s few SME-focused neobanks; and Hong Kong-based fintech Statrys has launched a local payment solution for SMEs.
Partnership for Hamilton Lane’s Evergreen Platform
Private markets investment firm Hamilton Lane has partnered with Southeast Asian digital marketplace Alta to allow pan-regional market access to a fund on Hamilton Lane’s Evergreen Platform.
Alta aims to bring greater accessibility and liquidity to alternative investments and brings a wide range of curated investments with companies like Grab, Gojek, and in luxury assets, fixed-income products, funds and other alternative assets.
Since 2016, Alta has completed over 1,000 transactions valued at more than $600 million and has created access for investors to invest in over $22 billion worth of mandated opportunities globally.
The company had acquired the digital securities exchange AltaX (formerly Hg Exchange) in 2022, bringing its private capital markets, fund management, and exchange businesses under one roof. Through its blockchain-powered exchange, Alta is also able to support tokenisation, digital custody, and trading of alternative assets.
Hamilton Lane is a private markets investment firm which has been providing innovative solutions to institutional and private wealth investors around the world for more than 30 years. Since 2022, the firm has completed five digital technology partnerships, three of which have been with firms in Southeast Asia.
Vemanti, Finastra to build SME-focused neo bank
US-based fintech Vemanti Group has partnered with London-based financial software company Finastra to build one of Southeast Asia’s few SME-focused neobanks.
The partnership will initially focus on Vietnam and use Finastra’s core banking solution Fusion Essence as the platform for new products and services. It will also tap Finastra’s partner ecosystem to use Lendscape’s invoice finance and supply-chain finance technology.
Lendscape supports a range of working capital and asset finance solutions such as factoring, invoice discounting, supply-chain finance, asset-based lending, as well as asset finance and many other forms of specialist finance.
Fusion Essence, on the other hand, will work as a technology platform for Vemanti’s business and technology team to build and expand on product offerings and launch a full-scale digital bank.
Founded in 2014, Vemanti is a fintech company that seeks to establish a strong foothold in the emerging and high-growth markets of Southeast Asia through impact-driven financial services.
Statrys launches local payment solution
Hong Kong-based fintech Statrys has launched a local payment solution which allows SMEs to make local payouts in multiple currencies.
The solution allows businesses to make payments locally in the currency of the geographical location, avoiding the extra cost of currency conversion at competitive exchange rates. Additionally, it enables businesses to make international payments to their suppliers and vendors, eliminating the need for long wait times and intermediary fees.
Businesses can use Statrys’ Local Payment Solution to pay in Australian Dollars, US Dollars, Thai Baht, Vietnamese dong and Indian Rupees.
The company is working to ensure that more currencies are added to the platform so that businesses all over the world can benefit from its seamless payment platform.
Statrys had bagged $5 million in its angel round in 2020, for product and service development – including local currency accounts, payment cards, and accounting software and to support market extension in Southeast Asia in markets such as Singapore and Indonesia.
Launched in 2018, Statrys develops digital payment services that primarily cater to SMEs and entrepreneurs.