Hong Kong fintech giant this time's financing move is significant. Just secured $220 million, the largest funding round since its inception. The investment lineup is quite豪华——HSBC Holdings, Prudential Hong Kong, Fubon Bank (Hong Kong), Hong Kong Investment Company, Allianz X, TOM Group, and other institutions are all betting. Interestingly, this round of financing is not only equity investment but also includes debt financing, a dual approach.

What will the money be used for after it arrives? The main goals are very clear: one is to vigorously expand the Southeast Asian market, and the other is to grow the footprint through mergers and acquisitions. In the fintech track, various players are competing for position, and this large funding round also reflects the intense industry competition. Behind the capital influx is the recognition of the digital financial potential of the entire region, especially Southeast Asia, which still has significant growth space.