SaaS · Analysis

SEA SaaS Tracker: Dragonpay, First Circle, and Igloo Updates

Daily changelog tracking Southeast Asian SaaS updates: Dragonpay's full integration into Xendit's regional platform, First Circle's Cathay United Bank facility and DTI partnership renewal, and Igloo's Chubb Life partnership, Igi AI assistant, and Eazy Digital acquisition.

Software Listing Editorial Team·July 28, 2026·3 min read
Software Listing Editorial Team
Written by
Software Listing Editorial Team10+ yrs
SaaS & AI Research Desk · Thailand, Singapore, Vietnam, Indonesia, Philippines, Malaysia expertise

Three tools checked this cycle (2026-05-28 to 2026-07-28): Dragonpay, First Circle, and Igloo. No vendor published an exact subscription-tier price change this window — no "$X to $Y/month" delta for any of the three. What follows is dated, sourced integration, financing, and product news.

Dragonpay

  • 2026-07-08: Xendit announced full integration of Dragonpay Corporation into its regional payments platform, building on a strategic partnership that began in August 2021 when Xendit made an investment in Dragonpay.
  • Post-integration, Dragonpay's 905 merchants and 44 partners (banks, non-bank financial institutions, e-wallets, over-the-counter networks) gain access to Xendit's platform: 100+ payment methods, payouts, cross-border payments, and financing.
  • Regional reach extends to 7 markets: Indonesia, Philippines, Malaysia, Thailand, Vietnam, Singapore, and Hong Kong.
  • No change to Dragonpay's published per-channel pricing this cycle: online banking stays at ₱10/transaction, OTC channels stay at ₱15-20/transaction.
  • Sources: Xendit newsroom (xendit.co, 2026-07-08), BusinessWorld (bworldonline.com, 2026-07-09), TNGlobal (technode.global, 2026-07-08), Crowdfund Insider (2026-07-08), Fintech News PH (fintechnews.ph).

First Circle

  • Facility finalized April 2026, reported 2026-05-26/2026-05-28: First Circle secured a ₱300 million (~US$5 million) sustainable finance facility from Taiwan's Cathay United Bank — First Circle's first financing partnership with a Taiwanese bank.
  • 2026-07-20 (BusinessWorld) / 2026-07-23 (Manila Times): the Department of Trade and Industry renewed its MSME financing partnership with First Circle through 2028 — the fourth renewal since the partnership began in 2018.
  • Cumulative disbursement to Philippine SMEs stands at roughly ₱25 billion, with about two-thirds of recipient firms described as first-time recipients of formal credit.
  • No published change to First Circle's interest rates or fees this cycle (Business Credit Line: monthly interest from 0.99%; Invoice/PO Financing: monthly interest from 1.39% plus a 1.99% one-time processing fee — both unchanged from prior published rates).
  • Sources: BusinessWorld (bworldonline.com, 2026-05-26 and 2026-07-20), Manila Times (manilatimes.net, 2026-05-28 and 2026-07-23), Fintech News PH (fintechnews.ph/71594), Inquirer Business (business.inquirer.net).

Igloo

  • 2026-06-02: Igloo announced a partnership with Chubb Life Insurance Vietnam Co., Ltd. and PT Chubb Life Insurance Indonesia to distribute life, health, and critical illness products through Ignite by Igloo, its insurance-agent platform in Vietnam and Indonesia. Rollout activities began June 2026; this is Igloo's first move into life insurance, adding to its existing general-insurance line on Ignite.
  • Live since early May 2026, announced 2026-06-09: Igloo launched Igi, an AI travel-insurance assistant on its Indonesia consumer platform that guides a customer through the full purchase flow in one conversational interface. Igloo reports a 44% higher purchase-completion rate among users who engage with Igi versus those who don't.
  • 2026-06-30: Igloo acquired Eazy Digital, a Singapore-headquartered insurtech with Thailand operations, for an undisclosed amount. Eazy Digital's client base and Thailand team moved to Igloo; founder Harprem Doowa became Igloo's Thailand country head and APAC head of Tech Solutions. This is Igloo's second Thailand transaction in 12 months, after a 2025 joint venture with JMT Network Services.
  • No published change to Igloo's per-policy or transaction-based pricing this cycle.
  • Sources: TNGlobal (technode.global, 2026-06-05 and 2026-06-30), Fintech News Indonesia (fintechnews.id/110064), Dealstreet Asia (dealstreetasia.com), Fintech News Singapore (fintechnews.sg/133785), e27.co (2026-06-30).

Coverage note

No tool in this cycle dropped an exact subscription-tier price delta. The clearest dated moves: Dragonpay's full Xendit integration (2026-07-08), giving 905 merchants access to a 7-market payments stack; First Circle's ₱300M Cathay United Bank facility (finalized April 2026) plus its DTI partnership renewal through 2028 (2026-07-20); and Igloo's three-part June 2026 run — Chubb Life life-insurance distribution deal, the Igi AI assistant's 44% purchase-lift figure, and the Eazy Digital acquisition in Thailand. None of the three had appeared in a prior tracker cycle before this run.

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