The Thailand-based financial services firm has put aside $57m for startup funding but has not decided whether it will invest through a dedicated unit.

Healthcare expenses tool Simplee has attracted American Express to a $20m series C round that almost doubled its total funding to $38m.

The money transfer network has now raised $46m altogether and will use Rakuten's help to expand in Asia.

PayPal has decided to also bring its fintech incubator Start Tank to Singapore, three years after it was launched in Chennai.

Paul Ark (Polapat Arkkrapridi) has joined SCB Ventures, the fintech investment arm of Siam Commercial Bank, as head of venture capital.

Claltech, the Israeli investment vehicle for Access Industries, contributed to a round that will support expansion and product development for the payment technology provider.

XAnge and WeltN24 both took part in a series A round for Savedo, which enables users to deposit money in foreign savings accounts.

GMO and MediaTek co-led a round that took the total raised by the mobile payment service, which is also backed by Cisco and American Express, to about $80m.

Suncorp and Guidewire have backed a $25.5m round for Trov, which operates a mobile app that enables users to easily insure their belongings.