Asia

December 18, 2017 @ 11:08 pm By JD Alois  |  

Silver Bullion, a peer to peer lending platform based in Singapore, has reached $50 million in loan originations. The unique platform that provides secured lending based off of bullion saw more than double the lending volume in 2017 versus year prior. According to the platform,… Read More

December 18, 2017 @ 8:13 am By JD Alois  |  

The development of technology-based financial services or Fintech is a rapid, global, regional, and national movement. The Fintech industry has the opportunity to bring about change in the overall global financial industry everywhere. Indonesia, one of the most populous countries in the world, will benefit enormously by… Read More

December 17, 2017 @ 6:46 pm By JD Alois  |  

FinTech Indonesia and FinTech Australia have signed a memorandum of understanding (MOU) in a move designed to propel the mutual development of Fintech in both jurisdictions. FinTech Australia is the leading voice of the emerging Fintech industry in Australia. The group is actively engaged with… Read More

December 17, 2017 @ 3:50 pm By JD Alois  |  

We have been waiting for the complete English version of KPMG’s Leading Fintech 50 companies in China but it is apparently still in the works. KMPG has published a single sheeter though, so we share that now and hope to share the complete document in… Read More

December 16, 2017 @ 3:05 pm By Xu Gao  |  

Supply Chain Finance Platform Daokoudai.com Secures ¥100 million Investment led by BCCF On December 13th, online supply chain finance platform Daokoudai.com announced it had receive a ¥100 million A-round funding led by Beijing Cultural Center Fund (BCCF). SinarMas from Indonesia and Zhen Ru Investment Management… Read More

December 16, 2017 @ 9:37 am By JD Alois  |  

The central bank of Indonesia, Bank Negara Malaysia,  has published a consultation report on regulating Bitcoin and other cryptocurrencies. The action by the Bank comes at a time when popular interest in Bitcoin is increasing due to the dramatic rise in price and the addition… Read More

December 15, 2017 @ 9:45 am By Samantha Hurst  |  

On Friday, Indonesia-based on-demand application service and digital wallet platform GO-JEK announced it has acquired three fintech startups. The three fintechs that GO-JEK acquired are Kartuku, offline payment service company; Midtrans, online payment gateway company; and Mapan, a goods sharing network. According to the company, the acquisitions… Read More

December 14, 2017 @ 10:37 am By Samantha Hurst  |  

China-based fintech Yirendai announced on Wednesday it has made a $50 million strategic investment in Lion Rock through the financial service platform’s Series A funding round. According to Yirendai, Lion Rock is headquartered in Hong Kong and is licensed by the Hong Kong Securities and… Read More

December 14, 2017 @ 10:15 am By Samantha Hurst  |  

ASIA Innovations Group (AIG), announced on Thursday the close of gift blockchain platform GIFTO’s public token sale within one minute of opening. The company is now claiming it to be the fastest token sale ever in Asia. According to AIG, the public token sale opened at… Read More

December 13, 2017 @ 10:01 pm By JD Alois  |  

Launched in 2015, Fundnel is a Singapore based investment marketplace that provides unique access to early stage companies for individual investors previously cut out of the pre-IPO equation. Operated by a group of young, highly sophisticated executives, Fundnel is doing equity crowdfunding right and sets… Read More

December 13, 2017 @ 3:50 pm By Samantha Hurst  |  

Fintech investment platform Fundnel announced on Tuesday it has partnered with investment advisory and wealth management group Thirdrock to help mid-stage, high-growth companies obtain funding in a more timely and cost-efficient manner. According to Fundnel, the partnership will unite Fundnel’s deal assessment technology with Thirdrock’s forward-looking investment mandate. It… Read More

December 13, 2017 @ 11:00 am By JD Alois  |  

Asia is a hotbed of innovation when it comes to Fintech disruption. China is the largest Fintech market in the world and both Singapore and Hong Kong are battling to become the leading Fintech hub for alternative finance. This is not to mention Australia which… Read More

December 12, 2017 @ 11:39 am By Erin Hobey  |  

Attention MobiKwik, RazorPay and PayPal, Payments startup Stripe has just announced its entrance into the Indian mobile wallet sector! “Today we’re starting an invite-only beta for Stripe in India with a small group of companies. These businesses will help us test our platform in the… Read More

December 11, 2017 @ 10:59 am By Samantha Hurst  |  

VeriME, a Singapore-based blockchain decentralized digital identity verification platform, announced on Friday it has formed a partnership with cross-border retail import-buy facilitation brand WeShop to provide secure customer verification and authentication services. According to VeriME, the new partnership comes after the platform completed its deal… Read More

December 11, 2017 @ 7:52 am By JD Alois  |  

SelfKey, a “self sovereign identity” firm, has just completed a pre-sale of KEY tokens raising $5 million. Now SelfKey is preparing to launch its public Initial Coin Offering (ICO) on December 15th. The token sale has a hard cap of US$21.78 million. The private pre-sale started… Read More

December 10, 2017 @ 8:00 pm By JD Alois  |  

LATTICE80 and Lithuania’s Agency for Science, Innovation and Technology (MITA) have parnered up on startup incubation. The largest Fintech hub in the world will help Lithuania accelerate growth of Fintech including AI, Blockchain and Cyber security. partner on startup incubation MITA was established on in… Read More

December 10, 2017 @ 11:23 am By JD Alois  |  

This past week saw a bit of reversal in South Korea’s stance on Initial Coin Offerings (ICO). In September, it was reported that Korea had decided to totally ban ICOs following a similar approach by China. But during a presentation at the National Assembly by… Read More

December 9, 2017 @ 10:28 am By JD Alois  |  

KPMG published a report on the Hong Kong banking industry this past week and Fintech plays a prominent role in the theme of the document. Hong Kong has been a prominent financial center since almost the beginning of time but in the Fintech race –… Read More

December 9, 2017 @ 10:05 am By Xu Gao  |  

Tsinghua PBCSF Releases China’s First Fintech Enterprise Database at the 4th World Internet Conference (Wuzhen Summit) The Fourth World Internet Conference (Wuzhen Summit), themed as “Developing Digital Economy for Openness and Shared Benefits — Building a Community of Common Future in Cyberspace“, was successfully concluded… Read More

December 8, 2017 @ 1:50 pm By JD Alois  |  

Telcoin, a French Accelerator startup that is based in Tokyo, is planning to launch an Initial Coin Offering (ICO) on December 11th. Co-founded by Claude Eguienta and Paul Neuner, Telcoin has created a cryptocurrency that expects to be distributed by mobile operators and accepted everywhere…. Read More