Technology venture firm Fatfish Group (ASX: FFG) has announced it will restructure and consolidate fintech business investments under its flagship holding company ASEAN Fintech Group (formerly known as Fatfish Disruptive Ventures).
Malaysian Insurtech platform
As noted by its management:
“FatBerry is Malaysia’s most comprehensive online insurance portal. We allow you to compare and search for the best coverage plans quickly and conveniently, in just a few clicks! Don’t fret about claim as we will guide and assist you through the process with full dedication.”
Fatberry, a B2C insurance online supermarket, revealed that its latest investment round was led by Stockholm-based publicly traded venture builder
Abelco Investment Group AB. ASX-listed
Fatfish Group
Ltd and several angel investors from Malaysia and Singapore also took part in the round.
Fatberry’s management noted that the capital acquired will be used for helping the company expand its business operations and work towards its ongoing product development plans.
Both the Afterpay and Zip Co share prices have more than doubled in the past 6-month period.
Investors will likely be keeping an eye on the Fatfish share price on Thursday, 18 February 2021, when the company officially launches its new Smartfunding BNPL service.
Fatfish share price flies following Bitcoin boom
Since last Wednesday, when we talked about how Fatfish is invested in Bitcoin, shares in the company have leapt around 560%.
Fatfish is exposed to Bitcoin via interests through its Sweden-based subsidiary company, Abelco Investment Group AB.
These investments include crypto mining company Minerium and the digital assets platform provider Kyptos-X.
Fatfish CEO Kin Wai Lau is scheduled for an interview later this week on the InvestorStream program. He will discuss the cryptocurrency price trend and the company’s impending transaction with Abelco Investment Group via the InvestorStream program.