National Pulse backs Singapore’s Aleta Planet: Dubai-based strategic management firm National Pulse has made an undisclosed investment in Singaporean payment solutions provider Aleta Planet, Reuters reports. The investment will allow Aleta Planet to facilitate payments for National Pulse’s portfolio companies, and in turn expand its cross-border payment services in the region, Aleta’s founder and chairman Ryan Gwee said.

The fintech expects to triple the amount of annual payments it facilitates from the current USD 2 bn with access to National Pulse’s portfolio companies, Gwee added.

The two companies will also set up a joint venture, initially targeting the agritrade and logistics sectors, according to Aleta’s Chairman Ryan Gwee. The ownership breakdown and investment details of the JV was not disclosed.

National Pulse? The project management firm focuses on developing technology-driven businesses and operates through various subsidiaries, joint ventures, and partners, according to the company’s website. Their portfolio includes companies like Metarabia, Al Safwa Consultancy, Royal Cloud, Unified Payment Network, and ICTLabs Technologies.

About Aleta Planet: Established in 2014, Aleta Planet offers payment solutions designed to facilitate secure transactions for merchants, card issuers, and B2B payments, with a focus on helping Chinese companies expand internationally. Aleta operates in Singapore, Hong Kong, Dubai, Australia, and Malaysia.

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