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PhotonPay Secures UK EMI Licence, Advancing Its Global Payment Operating System

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HONG KONG, Oct. 17, 2026 /PRNewswire/ — PhotonPay, a next-generation payment operating system, today announced that it has secured an Electronic Money Institution (EMI) licence from the UK Financial Conduct Authority (FCA).

PhotonPay has secured an Electronic Money Institution (EMI) licence from the UK Financial Conduct Authority (FCA).
PhotonPay has secured an Electronic Money Institution (EMI) licence from the UK Financial Conduct Authority (FCA).

The licence enables PhotonPay to issue electronic money and provide regulated payment services in the UK within the scope of its authorisation. It further strengthens PhotonPay’s local capabilities in the market and supports the company in delivering broader payment and treasury solutions for businesses operating globally.

The UK is one of the world’s leading financial and commercial hubs, and an important gateway for businesses operating across Europe and international markets. As companies expand into more countries and regions, their financial needs are evolving beyond individual cross-border transactions toward more integrated management of accounts, collections, payouts, foreign exchange, cards and treasury operations.

For PhotonPay, entering a market means more than making products and services available. It requires building a local financial foundation that meets regulatory requirements and can support businesses over the long term. The EMI licence further strengthens PhotonPay’s position in the UK and provides an important foundation for deeper connectivity with local banks, payment networks and the broader financial ecosystem.

JP, Global Head of Compliance at PhotonPay, said:

“Securing our UK EMI licence marks an important milestone in the continued expansion of PhotonPay’s global regulatory footprint. Building a global payment operating system requires strong local regulatory foundations. This authorisation strengthens our ability to build for the long term in the UK, while supporting our continued expansion across more markets, currencies and payment networks. Ultimately, it enables us to deliver a more complete and efficient payment and treasury experience for businesses operating globally.”

As businesses expand internationally, the financial infrastructure behind their operations remains highly fragmented. Different markets operate across distinct account structures, payment networks, currencies and regulatory frameworks, often requiring businesses to manage multiple financial institutions, payment providers and systems at the same time.

PhotonPay is building its next-generation payment operating system around this complexity. Through a unified technology platform, the company connects local financial capabilities across markets, enabling businesses to manage global accounts, collections, payouts, foreign exchange, cards and embedded finance more centrally while reducing the operational complexity created by multiple markets, currencies and systems.

Real commerce is the foundation of this operating system. By continuously expanding its regulatory coverage, banking relationships, payment networks and underlying technology infrastructure, PhotonPay aims to ensure that financial infrastructure can scale alongside a business as it enters new markets and grows internationally.

Since its founding, PhotonPay has continued to expand its global regulatory and local market capabilities through entities across major financial markets. Today, PhotonPay has secured nearly 30 payment licences and related regulatory authorisations worldwide, supporting capabilities across global accounts, collections, payouts, foreign exchange, cards and embedded finance.

The UK EMI licence represents another step in the continued development of PhotonPay’s global regulatory network. Looking ahead, PhotonPay will continue to deepen its local regulatory and financial capabilities in key markets, connect more markets, currencies and payment networks, and advance the development of its next-generation global payment operating system.

About PhotonPay

PhotonPay is a next-generation payment operating system designed for businesses operating globally. Across global accounts, collections, payouts, foreign exchange, cards and embedded finance, PhotonPay connects banks, payment networks and local financial infrastructure to help businesses manage global money movement more efficiently and expand into new markets with greater operational simplicity.

BUUU Group Limited Announces 10-for-1 Forward Share Split

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SINGAPORE, Oct. 17, 2026 /PRNewswire/ — BUUU Group Limited (Nasdaq: BUUU) (“BUUU” or the “Company”) today announced that its board of directors has approved a ten-for-one (10-for-1) forward split of the Company’s ordinary shares, to be effected by subdividing each of the Company’s issued and unissued Class A ordinary shares and Class B ordinary shares into ten shares of the same class (the “Share Subdivision”). The Share Subdivision is intended to make the Company’s Class A ordinary shares more accessible to a broader base of investors and to enhance their trading liquidity. Subject to processing by Nasdaq, the Class A ordinary shares are expected to begin trading on a split-adjusted basis on the Nasdaq Capital Market at market open on October 26, 2026, under the Company’s existing symbol “BUUU.”

The Share Subdivision follows BUUU’s completion on September 15, 2026 of its acquisition of a 60% equity interest in Brightray Science Inc., through which the Company has established industrialized AI data center delivery as its core growth business.

Details of the Share Subdivision

Key date. The Class A ordinary shares are expected to begin trading on a split-adjusted basis on the Nasdaq Capital Market at market open on October 26, 2026.

Ratio and mechanics. As a result of the Share Subdivision, each issued Class A ordinary share and each issued Class B ordinary share will be automatically subdivided into ten shares of the same class. As a result, each shareholder will hold ten shares of the relevant class for every share held immediately before the Share Subdivision (equivalent to nine additional shares for each share held). The Class A ordinary shares will continue to trade on the Nasdaq Capital Market under the symbol “BUUU.” The new CUSIP number of the Class A ordinary shares following the Share Subdivision will be G1739L110.

Authorized and outstanding shares. In connection with the Share Subdivision, the maximum number of shares the Company is authorized to issue will increase proportionately from 500,000,000 shares of no par value, divided into 250,000,000 Class A ordinary shares and 250,000,000 Class B ordinary shares, to 5,000,000,000 shares of no par value, divided into 2,500,000,000 Class A ordinary shares and 2,500,000,000 Class B ordinary shares.

Rights and ownership unchanged. The rights and restrictions attaching to each class of shares will remain unchanged, including the voting rights of one vote per Class A ordinary share and twenty votes per Class B ordinary share, and all shares of each class resulting from the Share Subdivision will rank pari passu in all respects with each other. The Share Subdivision will not change any shareholder’s percentage ownership interest or voting power in the Company. No fractional shares will result from the Share Subdivision.

No action required unless you hold physical certificates. No action is required by shareholders. Shareholders who hold Class A ordinary shares through a bank, broker or other nominee will have their positions automatically adjusted to reflect the Share Subdivision, subject to their nominee’s particular processes. The Company’s transfer agent, VStock Transfer, LLC (“VStock”), will update the holdings of registered shareholders in book-entry form. Registered shareholders holding share certificates will be asked to deliver a letter of transmittal to VStock to surrender their certificates to VStock in exchange for the right to receive post-Share Subdivision ordinary shares in electronic, book-entry form.

Outstanding securities. Proportionate adjustments will be made, to the extent provided by their respective terms, to the number of Class A ordinary shares issuable upon the exercise, conversion or settlement of, and to the exercise price or other per-share terms of, the Company’s outstanding warrants and other securities exercisable for, convertible into or settleable in Class A ordinary shares.

Approval. The Share Subdivision was approved by the Company’s board of directors on September 28, 2026.

The Company will furnish a copy of this press release to the U.S. Securities and Exchange Commission (the “SEC”) on Form 6-K.

About BUUU Group Limited

BUUU Group Limited (Nasdaq: BUUU) has established industrialized AI data center delivery as its core growth business, operated through Brightray Science Inc., in which BUUU acquired a controlling interest in September 2026. BUUU also provides meetings, incentives, conferences and exhibitions (MICE) solutions, including event management and stage production, for public institutions, agencies, real estate companies and established brands.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, Section 21E of the U.S. Securities Exchange Act of 1934, as amended, and the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “may,” “will,” “would,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” and similar expressions. Forward-looking statements include statements regarding the expected timing and effectiveness of the Share Subdivision, including the date on which the Class A ordinary shares are expected to begin trading on a split-adjusted basis; the intended effects of the Share Subdivision, including on the accessibility and trading liquidity of the Class A ordinary shares; and the Company’s business strategy and prospects. Such statements are based on current expectations and assumptions and involve risks and uncertainties, many of which are beyond the control of BUUU, that could cause actual results to differ materially from those contained in the forward-looking statements. These risks and uncertainties include, but are not limited to: delays in, or the failure to complete, the steps required to implement the Share Subdivision, including registration of the amendment to the Company’s memorandum and articles of association in the British Virgin Islands and processing by Nasdaq, The Depository Trust Company, the Company’s transfer agent and brokers; the possibility that the Share Subdivision does not achieve its intended effects, including any improvement in trading liquidity or broadening of the Company’s investor base; the market price and trading volume of the Class A ordinary shares following the Share Subdivision, which may not adjust proportionately to the Share Subdivision, and the possibility of increased volatility; the effect of a lower per-share trading price on the Company’s continued compliance with Nasdaq listing requirements, including the minimum bid price requirement; the integration of Brightray into BUUU; competition in the data center industry; demand for AI computing infrastructure; changes in laws and regulations affecting the data center and AI computing industries, including trade and export control measures; and other risks described in BUUU’s filings with the SEC, including its most recent annual report on Form 20-F. Forward-looking statements speak only as of the date of this press release, and BUUU undertakes no obligation to update any forward-looking statement, except as required by applicable law.

 

TP Receives Frost & Sullivan’s 2026 Latin America Competitive Strategy Leadership Recognition in the Customer Experience Management Industry

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The company is recognized for translating global scale into localized execution, combining disciplined growth, innovation, and customer-centric delivery to strengthen its leadership position across the Latin American CXM market.

SAN ANTONIO, Oct. 17, 2026 /PRNewswire/ — As customer experience providers across Latin America face rising expectations for measurable outcomes, operational resilience, and technology-enabled transformation, TP is demonstrating how scale can be translated into meaningful local impact. Frost & Sullivan is pleased to announce that TP has received the 2026 Latin America Competitive Strategy Leadership Recognition in the Customer Experience Management (CXM) industry, recognizing the company’s ability to combine disciplined execution, strategic agility, and innovation to deliver sustained value for clients across the region.

Frost & Sullivan evaluates companies through a rigorous benchmarking process across two core dimensions: strategy effectiveness and strategy execution. TP excelled in both, demonstrating its ability to align strategic initiatives with market realities while executing with efficiency, consistency, and scale. “TP reinforces strategic effectiveness through its ability to translate global scale into local execution. The company systematically leverages enterprise-wide technology platforms, operating frameworks, and governance standards while ensuring implementation approaches reflect local market realities,” said Sebastian Menutti, Industry Director, ICT at Frost & Sullivan.

Guided by its Future Forward strategy, TP has demonstrated its ability to adapt to changing market conditions while strengthening its position across Latin America. Its integrated regional model spans 16 countries, enabling the company to balance local, nearshore, Spain, and broader European client opportunities while optimizing resources and strengthening operational resilience. TP’s disciplined approach to productivity, automation, governance, and capacity planning supports consistent execution while enabling continued investment in innovation and long-term growth.

Innovation remains central to TP’s approach. Through TP.ai, the company integrates AI, human expertise, and digital technologies to expand its capabilities and create new business opportunities. Its acquisition of Agents Only further strengthens its position in next-generation AI data services through an on-demand, AI-enabled crowdsourcing model. Together, these initiatives support the development and scaling of locally originated innovations across the region and into global markets. “Our strategy is designed to turn innovation into meaningful business value for our clients. By combining AI, human expertise, and our global capabilities with strong local execution, we are helping organizations across Latin America transform their customer experience, and build for long-term growth,” said Andrés Bernal, LATAM President at TP.

TP’s distinctive operating culture further strengthens its competitive position. Frost & Sullivan’s analysis highlights the company’s combination of an entrepreneurial ownership mindset with the scale and discipline of an enterprise platform, enabling teams to make decisions quickly and address challenges at the point of impact. “A distinctive combination of entrepreneurial culture, operating philosophy, and innovation leadership differentiates TP, as competitors struggle to achieve similar results,” said Samantha Fisher, Best Practices Research Analyst at Frost & Sullivan.

TP also differentiates through a customer value strategy that brings together price-to-performance, customer experience, and brand equity. Its use of advanced automation and AI-enabled delivery models supports productivity while maintaining service quality, while outcome-based and shared-risk commercial models align performance with client objectives. The company’s geo-diversified delivery model, security framework, and standardized operating practices further support consistent service execution across markets.

Frost & Sullivan commends TP for its strategic discipline, innovation leadership, and ability to execute at scale across the LATAM CXM market. By combining human expertise with intelligent technologies, TP is helping clients move beyond traditional customer service operations toward integrated, digitally powered customer experience ecosystems.

Each year, Frost & Sullivan presents the Competitive Strategy Leadership Recognition to a company that demonstrates outstanding strategy development and implementation, resulting in measurable improvements in market share, customer satisfaction, and competitive positioning. The recognition honors forward-thinking organizations that are reshaping their industries through innovation and growth excellence.

Frost & Sullivan Best Practices awards recognize companies in various regional and global markets for demonstrating outstanding achievement and superior performance in leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance

About Frost & Sullivan

For six decades, Frost & Sullivan has been world-renowned for its role in helping investors, corporate leaders, and governments navigate economic changes and identify disruptive technologies, Mega Trends, new business models, and companies to action, resulting in a continuous flow of growth opportunities to drive future success. Contact us: Start the discussion.

Contact:

Lindsey Whitaker
E: Lindsey.Whitaker@frost.com

About TP Group
TP is a global leader in digital business services that consistently seeks to blend the best of advanced technology with human empathy to deliver enhanced customer care that is simpler, faster, and safer for the world’s biggest brands and their customers. The group’s comprehensive, AI-powered service portfolio ranges from front office customer care to back-office functions, including high-value digital transformation services, collections and operations consulting. It also offers a range of Specialized Services such as interpreting and localization, visa and consular services, and recruitment process outsourcing services. The teams of multilingual, inspired, and passionate experts and advisors, spread in close to 100 countries, as well as the group’s local presence allow it to be a force of good in supporting communities, clients, and the environment.
For more information: www.tp.com 

Paris Court Ruling on Discontinued Feature Will Have Minimal Impact on Angelalign Customers

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Angelalign Has Already Replaced Torque Ridges with Upgraded “Pressure Points” in Europe

SAN CLEMENTE, Calif., Oct. 17, 2026 /PRNewswire/ — Angelalign Technology Inc. (6699.HK) (“Angel”) http://www.angelaligner.com, a company driven by innovation in orthodontic clear aligner technology, said today that a ruling by the Paris Local Division of the Unified Patent Court concerning its Torque Ridges feature does not affect the availability of its offering in Europe, which already incorporates the next generation of torque-control technology. 

Angelalign Has Already Replaced Torque Ridges with Upgraded “Pressure Points” in Europe
Angelalign Has Already Replaced Torque Ridges with Upgraded “Pressure Points” in Europe

Angel already has discontinued Torque Ridges in Europe and has replaced it with an upgraded feature called Pressure Points. Pressure Points, which launched in the European market in September, was designed to improve torque control and reflects Angel’s continued commitment to innovation focused on solving orthodontists’ clinical challenges. Angel customers in Spain, the UK and outside of Europe, including the Americas and Asia, are not affected by this ruling. Angel is constantly developing new solutions to continue to serve its customers well.

The court today ruled that the Torque Ridges feature infringes a patent held by Align Technology Inc. (ALGN) for repositioning a patient’s teeth according to an orthodontic treatment plan. Angel respectfully disagrees with the decision and is reviewing it closely while it evaluates its options. Angel will comply with the court’s ruling, including the return of any products. Because Torque Ridges is no longer offered in Europe, orthodontists using Angel products and services can continue treating their patients with access to Pressure Points and Angel’s ongoing clinical and technical support.

“Our priority is to ensure that orthodontists can continue delivering excellent care to their patients,” said Xavier Cherbavaz, General Manager and Vice President, Europe, Africa, and the Middle East, Angelalign Technology Inc. “Torque Ridges has already been retired in Europe and replaced with Pressure Points, an approach intended to support controlled force application and tooth contact. We remain focused on giving orthodontists innovative clinical solutions and a dependable customer experience.”

“Angel takes intellectual property rights seriously and is careful not to infringe on valid patents,” added Richard Hirschland, Angel’s Chief Commercial Officer and SVP. “We are reviewing the court’s reasoning carefully and will consider all available options. Angel will continue to innovate and improve its products to benefit its providers and their patients despite litigation by a competitor. Continuous innovation means anticipating challenges and preparing solutions to protect the customer experience. Our transition to Pressure Points reflects that commitment. We are determined to continue developing innovative solutions so that orthodontists can rely on Angel over the long term.”

To learn more, visit angelaligner.com/eu and www.angelaligner.com.

About Angelalign Technology Inc.

Founded in 2003 and publicly listed since 2021, Angelalign Technology Inc. provides clear aligner solutions to clinically focused professionals and patients in over 60 countries. Having surpassed two million cumulative cases and with about a US$2 billion market capitalization, the company focuses on clinical innovation and professional support to help experts achieve extraordinary outcomes. Its established global operations and continued investment in innovation support its long-term commitment to orthodontists and their patients. Learn more at angelaligner.com.

Media Contact:

Sue Kolb
Angelalign Technology Inc.
sue.kolb@angelaligner.com

Wink Introduces AI HD Video Converter for 4K, Scene-Aware Video Enhancement

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Browser-based HD video converter tool combines adaptive enhancement, batch processing and flexible exports for reusable video content.

SAN FRANCISCO, Oct. 17, 2026 /PRNewswire/ — Wink has introduced its HD Video Converter, an online tool for improving and repurposing existing footage. The tool is intended for creators, e-commerce sellers, social media teams and everyday users. It combines AI-powered video enhancement, scene-adaptive processing and flexible export options in a browser-based workflow. Changing file format or resolution is only part of the process.

According to the company, video from phones and cameras often passes through several stages before publication. A compressed copy may be made during transfer. A later version may be downloaded from a social platform or reused for a new campaign. By then, details may be softer, lighting uneven and compression artifacts more noticeable.

Wink released HD Video Converter to address these quality problems during conversion. Grainy noise can be reduced. The tool also refines fine textures and corrects color. It retains the recording’s original movement and composition as the file is converted to HD.

What Wink HD Video Converter Offers

Wink combines four capabilities: scene-adaptive enhancement, resolution choices, cloud batch processing and reusable exports. These are intended to help prepare existing footage for its next use.

Scene-Adaptive Video Enhancement

Lighting can change within one recording. Wink adjusts its processing as those conditions change. The converter considers motion and depth alongside the light. Fine hair and pores are meant to remain visible. Processing aims to preserve skin texture. Smoothing and sharpening are limited to preserve natural light.

1080p, 2K and 4K Export Options

Resolution is a choice for the finished file. Users choose between 1080p, 2K and 4K for the file they will take to TikTok, Instagram Reels or YouTube Shorts. An MP4, MOV or MKV recording from another device can come into Wink for conversion.

Cloud-Based Batch HD Video Conversion

Processing takes place online, reducing dependence on the power of a local computer. Batch HD video conversion handles multiple files in one job. A seller updating a catalogue of product clips, or a team preparing posts on deadline, can upload the group together. Users can organize the material for processing without starting a separate job for every file.

“The HD video converter responds to changes in light, movement and depth while keeping fine textures natural,” said Daniel Carter, a Wink spokesperson. “Users can prepare 4K video for social content, process several files in the cloud and save HD video, still frames or Live Photos. That gives existing recordings more than one use.”

One Video, Multiple Reusable Assets

Users may download the enhanced HD video at the end of a job. High-quality still frames are another option. A chosen highlight can be turned into a Live Photo. These exports give a single recording several uses. A creator can prepare compressed phone footage for a Reel. An e-commerce seller can process several product demonstrations together. A social media team could then pull a clear frame for a cover image or supporting post.

Wink HD Video Converter is available online and can be used directly through a web browser at https://wink.ai/hd-video-converter.

About Wink

Wink is Meitu’s AI-powered video and image editing platform, offering tools for visual enhancement, restoration, retouching and content creation across web, desktop and mobile. Its video enhancer and image enhancer serve creators, brands and everyday users.

About Meitu

Founded in 2008, Meitu is an AI-driven technology company focused on image, video and design creation. Its portfolio includes Meitu, BeautyCam, Wink, DesignKit, Kaipai, Kumoo, WHEE, ZCOOL, RoboNeo and more. The company’s Imaging & Vision Lab (MT Lab) was established in 2010. As of December 31, 2025, Meitu’s monthly active users totaled 276 million worldwide. The figure included 100 million outside Mainland China. Its products support personal editing and commercial video and design work.

PANDAG Returns to EQUIP EXPO 2026, Expanding Opportunities for U.S. Professionals to Experience G1

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LAS VEGAS, Oct. 17, 2026 /PRNewswire/ — Following its first appearance at EQUIP EXPO in 2025, PANDAG will showcase two G1 configurations indoors and outdoors while inviting U.S. professionals to request future demonstrations.

PANDAG will return to EQUIP EXPO 2026 in Louisville, Kentucky, from October 21–23, 2026, marking its second consecutive appearance at the event.

Following its first participation in 2025, PANDAG will bring the G1 commercial robotic lawn mower back to the U.S. professional equipment market, giving visitors the opportunity to explore two G1 configurations designed for different commercial mowing requirements.

The G1 combines LiDAR, AI Vision, RTK and 4G to support autonomous navigation and mowing, along with obstacle detection, automatic return-to-charge and resume, and multi-site management. With a 48-inch cutting width, G1 can cover up to 12 acres per day and operate on slopes of up to 38°.

Two G1 Configurations, Two Ways to Experience the Platform

At EQUIP EXPO, PANDAG will showcase the G1 M1500 SD (Side Discharge) at its indoor booth and the G1 M1500 RD (Rear Discharge) at its outdoor demonstration area.

PANDAG G1 M1500 SD commercial robotic mower for golf course rough mowing
PANDAG G1 M1500 SD commercial robotic mower for golf course rough mowing

G1 M1500 SD – Side Discharge

Designed for fine-turf mowing applications that require a consistent cutting result, the G1 M1500 SD is suited to environments including golf courses, sports turf and other fine-turf areas.

Indoor Display • Booth #21062
Kentucky Exposition Center

PANDAG G1 M1500 RD commercial robotic mower for large-scale mowing
PANDAG G1 M1500 RD commercial robotic mower for large-scale mowing

G1 M1500 RD – Rear Discharge

Designed for standard turf maintenance across a range of commercial grounds, the G1 M1500 RD is suited to applications including parks, municipal green spaces, campuses and commercial landscapes.

Outdoor Demonstration • Booth #6267D
Outdoor Demo Yard

The two configurations give visitors an opportunity to explore how the G1 platform can be adapted to different commercial mowing requirements and to see the RD configuration operating outdoors.

Continuing G1 Demonstrations in the U.S.

PANDAG’s return to EQUIP EXPO is part of its continued engagement with the U.S. professional landscaping and outdoor equipment market.

Beyond the event, U.S. contractors, landscaping companies, dealers and other industry professionals can request a G1 demonstration to explore the mower in a real outdoor environment and discuss potential applications with the PANDAG team.

PANDAG plans to continue developing opportunities for professionals across the U.S. to experience G1 firsthand and engage directly with the company.

“Our first EQUIP EXPO gave us an opportunity to introduce G1 to professionals in the U.S. market. Returning this year allows us to take those conversations further by showing different G1 configurations and giving visitors the opportunity to see the machine operating outdoors,” said Fionn, Founder and CEO of PANDAG. “We look forward to continuing these conversations beyond the show and creating more opportunities for professionals to experience G1 firsthand.”

Interested in seeing G1 at EQUIP EXPO or requesting a future demonstration? Register for EQUIP EXPO 2026 and express your interest in G1

EQUIP EXPO 2026

October 21–23, 2026
Kentucky Exposition Center, Louisville, Kentucky

Indoor Display
G1 M1500 SD • Side Discharge
Booth #21062

Outdoor Demonstration
G1 M1500 RD • Rear Discharge
Booth #6267D

About PANDAG

PANDAG develops commercial autonomous mowing and intelligent outdoor equipment for professional grounds maintenance. The company’s G1 platform combines autonomous navigation, multi-sensor perception and modular hardware for commercial mowing applications.

FinDev Canada provides a USD 60 million loan to Muangthai Capital to advance gender equality and private sector investment in Thailand

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BANGKOK, Oct. 17, 2026 /PRNewswire/ — The Honourable Randeep Sarai, Secretary of State (International Development) on behalf of Canada’s bilateral development finance institution, FinDev Canada, announces the signing of a USD 60 million loan to Muangthai Capital (MTC), a leading non-bank financial institution (NBFI) in Thailand.

MTC signing ceremony
MTC signing ceremony

The parallel loan is in addition to the USD 200 million syndicated facility co-led by the Asian Development Bank (ADB) and Sumitomo Mitsui Banking Corporation (SMBC), a leading private Japanese global financial institution, bringing the total funding raised to USD 260 million. The syndicate also includes commercial and state-owned banks, as well as an asset management firm.

This transaction will seek to improve women’s access to finance and represents FinDev Canada’s first direct loan to a Thai NBFI.

FinDev Canada will direct 100% of the loan proceeds toward MTC’s efforts to increase access to formal financial services for underserved rural women-owned micro, small, and medium-sized enterprises (WMSMEs), strengthening financial inclusion and economic growth in Thailand.

MSMEs play a critical role in Thailand’s sustainable and inclusive growth, contributing approximately 35% of its GDP and supporting significant employment opportunities. However, many enterprises face constraints in accessing formal credit, including limited or no credit history and insufficient collateral. As a result, MSMEs rely on informal lending, which significantly limits their growth potential and sustainability. With 90% of its customers located in rural areas, MTC is well-positioned to expand access to finance through its established lending model and branch network.

FinDev Canada’s commitment strengthens Canada’s relationship with Thailand and supports continued growth in investment, strengthening economic resilience in both countries. Thailand is Canada’s second‑largest trading partner within the Association of Southeast Asian Nations.

“FinDev Canada is committed to attracting more private sector capital into emerging markets across Asia-Pacific. Through our strategic partnership with MTC, alongside ADB and SMBC, we are increasing access to finance for underserved women-owned enterprises in Thailand, supporting more inclusive economic development. This transaction strengthens FinDev Canada’s financial sector capacity and Canada’s long-term economic engagement in the region,” said Lori Kerr, CEO, FinDev Canada.

“An investment in women is an investment in us all. Canada is empowering women entrepreneurs by expanding access to financing for MSMEs and strengthening the resources needed to succeed. By building financial bridges and breaking down barriers, Canada is advancing a more inclusive economy where everyone has the opportunity to succeed,” said the Honourable Randeep Sarai, Secretary of State (International Development).  

“We are pleased to partner with FinDev Canada, alongside ADB and SMBC to expand access to formal financing for women-owned MSMEs, particularly in rural communities across Thailand. This partnership reflects our shared commitment to financial inclusion and sustainable economic growth, while strengthening MTC’s ability to serve underserved customers nationwide,” said Mr. Parithad Patcharachai, Chief Executive Officer, Muangthai Capital Public Company Limited.

About FinDev Canada       

FinDev Canada is a development finance institution that invests in emerging markets to deliver development impact, financial returns, and shared economic prosperity. We provide debt, equity, blended finance, technical assistance, and advisory across infrastructure, agribusiness, and the financial industry in developing economies to support development through the private sector. Find out more about FinDev Canada at www.findevcanada.ca.  

About Muangthai Capital

Muangthai Capital Public Company Limited is a leading non-bank financial institution in Thailand regulated by the Bank of Thailand, providing secured and unsecured financing to individuals and MSMEs. Its core products are vehicle title and land title deed loans, complemented by personal loans, nano finance, motorcycle hire purchase, and buy now pay later services. With a branch network covering all 77 provinces, MTC is committed to expanding financial inclusion and supporting sustainable economic growth, particularly in rural and underserved communities. Find out more at www.muangthaicap.com.

Media Contact: FinDev Canada: Media@findevcanada.ca

Sunwoda Digital Battery Passport Solution Among Finalists at 2026 edie Energy & Tech Awards

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LONDON, Oct. 17, 2026 /PRNewswire/ — The 2026 edie Energy & Tech Awards ceremony took place in London today, with Wang Qiao, General Manager of Sunwoda Hungary, attending on behalf of the company. Sunwoda’s Digital Battery Passport Solution was among the nine finalists in the Supply Chain & Scope 3 Decarbonisation Project of the Year category.

Sunwoda’s Digital Battery Passport Solution at the 2026 edie Energy & Tech Awards
Sunwoda’s Digital Battery Passport Solution at the 2026 edie Energy & Tech Awards

Organised by UK sustainability media platform edie, the category recognises value-chain decarbonisation through supplier engagement, procurement and improved data. Other finalists included Prologis and Mobilityways’ Green Travel Programme, Syngenta’s Collaborative Carbon Reduction and HH Global’s Sustainable Procurement Framework. Sunwoda brought a battery lifecycle data solution to this cross-sector field.

The solution links battery value-chain data to support product carbon footprint management and sustainability disclosures. Battery data spanning raw material sourcing, manufacturing, use and recycling is dispersed among suppliers, manufacturers and downstream partners, complicating carbon accounting and traceability. Sunwoda’s solution links product identity, carbon footprint and compliance information in one digital record. This supports emissions hotspot identification, supply-chain coordination and product sustainability disclosure preparation.

Development began in 2023, with collaborative pilots in 2024 and the platform’s launch in October 2025. Six modules cover supply chain management, traceability mapping, product carbon footprint, due diligence, passport management and operational management. Covering 78 indicators, the platform integrates material sourcing, environmental performance and compliance records, helping partners collect and access information about the same battery product. Secure data exchange and permission-based access support collaboration while protecting data.

The platform has progressed to practical applications. In 2024, two battery passport projects jointly developed by Sunwoda and its partners were selected for the Global Battery Alliance’s Battery Passport pilot programme. According to edie’s project profile, Sunwoda completed five pilots in 2025 and engaged 28 key suppliers in carbon management.

Sunwoda has collaborated on battery passport development and applications with well-known domestic and international companies, including TÜV Rheinland and Siemens China. These collaborations build experience linking battery information across organisations and stages of use.

From 18 February 2027, the EU Battery Regulation requires passports for electric vehicle batteries, light means of transport batteries and industrial batteries above 2 kWh placed on the EU market or put into service. Sunwoda plans to release phase two of its battery passport platform in mid-December 2026. Before implementation, platform development and collaborative applications will help customers prepare battery disclosures and connect supply chain information.

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