Asia

April 17, 2018 @ 11:00 pm By JD Alois  |  

Singapore based Funding Societies has closed a USD $25 million Series B funding round. The peer to peer lending platform said the oversubscribed offer was led by Softbank Ventures Korea. Additionally, Funding Societies said it has received expanded credit facilities from banks and other financial… Read More

April 16, 2018 @ 7:48 pm By Cali Haan  |  

According to 8btc, Gao Xiaosong, host of the #1 talk show in China and Chairman of Alibaba Music, defended cryptocurrencies in an episode of “Morning Call” aired last Friday. “I cannot figure out why so many people are mean to virtual currency. (After all) currencies… Read More

April 16, 2018 @ 3:19 pm By Samantha Hurst  |  

Pundi X (CURRENCY: PXS), a multi-cryptocurrency point-of-sale (POS) solutions provider for retail stores,  announce, on Monday it has launched a new buy-back program for company holdings in NPXS tokens following a reported unanticipated demand for its technology. Pundi X CEO and co-founder, Zac Cheah, claimed that the… Read More

April 16, 2018 @ 10:39 am By Samantha Hurst  |  

Standard Chartered announced on Monday it has opened its latest innovation lab, the eXellerator, in Hong Kong. The new lab will be located in the bank’s building in Kwun Tong and is designed and created by WeWork. While sharing more details about the lab, Mary… Read More

April 16, 2018 @ 10:20 am By Samantha Hurst  |  

United Overseas Bank Limited (UOB) and Chinese fintech Pintec Technology Holdings Limited (PINTEC) announced on Monday they have teamed up to launch a new joint venture, Avatec.ai (S) Pte Ltd (Avatec), which aims to help banks and finance companies to be more efficient and accurate… Read More

April 16, 2018 @ 9:56 am By JD Alois  |  

Traditional banks can be pretty horrible. Slow to embrace technology and tending towards a fee rich platform instead of a service that looks out for consumers, it is a truism that “people do not need banks, they need banking services” (as Bill Gates once said)…. Read More

April 16, 2018 @ 9:42 am By Samantha Hurst  |  

Silot, a Singapore-based fintech startup, announced on Monday it secured $2.8 million through its Pre-Series A funding round, which was led by Arbors Ventures and Eight Roads Ventures. The company reported that the latest funding round comes nine months after it received its initial seed… Read More

April 14, 2018 @ 8:35 am By Xu Gao  |  

Educational Installment Platform Xiaoniujh.com Secures Millions in A-round Financing On April 10th, Chinese leading installment financing platform for quality education Xiaoniujh.com announced that it had secured millions in an A-round financing. The investment was led by HG Capital and followed by Sina and Aplus Capital. Xiaoniujh.com… Read More

April 13, 2018 @ 2:54 pm By JD Alois  |  

A subsidiary of Yahoo Japan is getting into the cryptocurrency space with an investment in the parent company of BitArg Exchange, CMD Lab. A post on the Tokyo based exchange home page stated; “Today, the Company decided to accept capital participation from Z Corporation, a… Read More

April 12, 2018 @ 10:04 am By Samantha Hurst  |  

 PT.Erajaya Swasembada Tbk, PT ITC Auto Multi Finance, a division of ITOCHU, and PayJoy announced on Thursday they have teamed to launch their smartphone financing in Indonesia. It was revealed that  ITOCHU will use PayJoy’s proprietary Checkout software platform to qualify and approve Indonesian customers for… Read More

April 11, 2018 @ 12:36 pm By JD Alois  |  

Frank Fu, Managing Director at Chinese tech firm Meitu, has invested $2 million in MyDFS. The blockchain based company wants to change how fans play online daily fantasy sports with smart contracts. MyDFS has also brought Fu on board as an advisor to the company. “The… Read More

April 11, 2018 @ 11:51 am By Cali Haan  |  

Members of the luxury set fond of cryptocurrencies are now able to purchase, log and transact a number of their favorite items using decentralized digital money and ledgers. Japanese luxury car reseller L’Operaio announced at the the end of March that they’ll accept Bitcoin at… Read More

April 10, 2018 @ 11:19 am By Samantha Hurst  |  

EMQ, a fintech firm with an extensive financial settlement network in Asia, announced on Tuesday a strategic partnership with Kotak Mahindra Bank to expand EMQ’s network footprint in India. This partnership will aid in meeting the growing demand for instant remittances to the country from more… Read More

April 9, 2018 @ 7:43 am By Samantha Hurst  |  

SenseTime, a Chinese artificial intelligence (AI) company, announced on Monday it raised $600 million during its Series C round of funding, which was led by the Alibaba Group with participation from  Temasek and Suning. This round of funding comes less than a year after the company raised $410 million through its… Read More

April 8, 2018 @ 11:49 pm By JD Alois  |  

Singapore based Marvelstone Group has launched a private equity fund for artificial intelligence (AI) investment. Marvelstone said it will invest in AI startups and projects through Marvelstone Capital, across geographies including the UK, China, Singapore, and Canada. The open-ended fund is targeting a capital raise… Read More

April 8, 2018 @ 12:00 pm By Cali Haan  |  

Musicians are increasingly looking to crypto to secure and boost bottom lines. Korean paper The Chosun Ilbo reported in February that Korean girl band T-ara are working with Australian firm ENTCash to produce a cryptocurrency or token that fans will be able to trade for… Read More

April 8, 2018 @ 10:00 am By Cali Haan  |  

In addition to calling Craig Wright a fraud, Vitalik Buterin addressed serious matters in Ethereum scaling at the Deconomy Summit in Seoul, Korea April 4th.   Vitalik Buterin calls Craig Wright (fake Satoshi Nakamoto) a fraud, while standing in front of him. #Ethereum #Bitcoin pic.twitter.com/lWd2cqLXfj… Read More

April 6, 2018 @ 3:31 am By JD Alois  |  

LATTICE80 announced the world’s largest Fintech Hub in Singapore with great fanfare at the end of 2016. The Singapore hub was housing almost 100 Fintech startups at one point. Expectations were to open 10 more hubs globally housing a thousand Fintech focused startups. Today, the… Read More

April 5, 2018 @ 1:19 pm By Erin Hobey  |  

In an effort to identify key innovators in fintech, the LATTICE80 team has created “top” Fintech influencers lists in Europe, Asia and the Middle East.  The Fintech Hub’s  lists are prefaced with sector highlights. Let’s start with Europe: “The Fintech industry in mainland Europe and… Read More

April 5, 2018 @ 4:16 am By Cali Haan  |  

CEO Edmund Lowell of the Hong Kong-incorporated blockchain ID company SelfKey hosted an AMA on reddit last Thursday, “in line with our commitment to transparency.” KEY tokens are currently trading for a fraction of what they debuted at on exchanges in January. One redditor asked… Read More