South-east Asia seen an explosion of new fintechs since 2000
South-east Asia has seen an explosion of new fintech companies, with the number growing from just 34 to 1,254 since 2000, new research from Robocash Group has found. That’s a…
Sri Lanka rejects billionaire Tim Draper’s Bitcoin pitch to tackle corruption
Tim Draper, a prominent cryptocurrency advocate, and billionaire investor faced unexpected resistance during his recent visit to Sri Lanka. The Silicon Valley entrepreneur was in the country to film an episode of…
Hatch Partners with Billionaire Tim Draper-led Draper Startup House to Strengthen Sri Lanka’s Position as a Startup Nation
Award-winning startup ecosystem builder Hatch entered a strategic partnership with Draper Startup House, a global network of spaces connected to resources for entrepreneurs. Hatch shares a vision withDraper Startup House…
World’s first Cardano-based electric vehicle project to debut in Sri Lanka
As the blockchain and cryptocurrency industry continues to expand despite crashing markets, manufacturers of electric vehicles (EVs) are increasingly interested, and one of them has announced the debut of its EV project built on the…
Sri Lanka lagging behind other countries due to the lack of a National Digital Policy
Sri Lanka is lagging behind other countries in the world due to the lack of a national digital policy, according to the National Council sub-committee on identifying short- and medium-term…
PayMate Addresses Working Capital Needs With B2B Payments Expansion Into Singapore and Sri Lanka
PayMate extends its cloud-based B2B payment platform to businesses in Singapore and Sri Lanka. The move seeks to appease the working capital needs of customers. The Indian payments processing company has…
A Radical Transparency project that will transform the handloom industry in Sri Lanka
As a result of decades of greenwashing, a growing number of consumers are demanding transparency as a first and most important step toward a more sustainable future. However, transparency comes…
TRCSL Transferred to the Ministry of Technology
The Telecommunications Regulatory Commission of Sri Lanka (TRCSL) which was under the purview of the Defence Ministry has been brought under the purview of the Ministry of Technology, according to…
First-ever nationwide Financial Literacy Survey finds 57.9% Sri Lankan adults to be financially literate
The financial literacy rate of Sri Lanka has improved almost by 23percentage points compared to the rate that was reported in 2014 byStandard and Poor’s Ratings Services, as per the…
Sri Lankans Scammed out of Millions by Fake Crypto Schemes
Ponzi scammers are compounding the economic misery of Sri Lankans by swindling them out of their savings with bogus crypto schemes. Crypto investor Harshana Pathirana told Al Jazeera: “I invested 2.2 million…