Asia

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

December 7, 2017 @ 9:41 pm By JD Alois  |  

The Hong Kong Monetary Authority (HKMA) and the Dubai Financial Services Authority (DFSA) have signed a Fintech Co-operation Agreement today to boost collaboration between the two regulatory authorities, with a view to facilitating financial innovation in the two jurisdictions. The Co-operation Agreement was signed by… Read More

December 7, 2017 @ 2:59 pm By Samantha Hurst  |  

Bank Indonesia announced on Thursday it has issued new regulations that bar fintech companies from using cryptocurrencies on their platforms. This news comes less than two months after the bank announced it has drawn up rules to monitor fintechs in the country. “Financial Technology [Fintech] Providers… Read More

December 7, 2017 @ 10:41 am By Samantha Hurst  |  

On Thursday, Chinese peer-to-peer lending platform Dianrong announced it has made a series of senior executive announcements. The online lender revealed Founder and former CEO, Soul Htite, has been named Executive Chairman, while Co-Founder and Co-CEO, Kevin Duo, was appointed Co-Chairman of the board. Former… Read More

December 7, 2017 @ 7:42 am By JD Alois  |  

Huobi Group and SBI Holdings (TYO:8473) have agreed to jointly develop Global Digital Asset Markets focusing on cryptocurrency related businesses in China and the greater Asian region. Yoshitaka Kitao, chairman of SBI Holding (formerly Softbank Investment Group) and Leon Li, Chairman of Huobi Group jointly announced… Read More

December 4, 2017 @ 10:08 pm By JD Alois  |  

In 2015 Viva Republica launched Toss, a peer to peer money transfer App that has become one of the world’s fastest growing financial Apps have now transacted more than USD$ 10 billion with a current run rate of $12 billion per year with $1 billion per… Read More

December 4, 2017 @ 8:49 am By JD Alois  |  

During Consensus in NYC last week, Zhuling Chen, co-founder and COO of aelf, presented his company’s vision of creating a new “cloud operating system, that seeks to operate as a central hub for all Blockchains.  This “central business district” for Blockchains, that incorporates both Bitcoin and… Read More

December 4, 2017 @ 7:50 am By JD Alois  |  

  FinTech Australia reports on a major Indonesian delegation, including 16 companies and the nation’s financial services regulators, that discussed topics such as financial innovation and how to foster a robust Fintech industry. FinTech Australia described the delegation as arguably the most significant group of Indonesian… Read More

December 3, 2017 @ 6:26 pm By JD Alois  |  

Hexindai (NASDAQ:HX), a China based peer to peer lender, became the most recent Chinese online lender to trade on a US exchange early last month. The company will report fiscal year results this coming Tuesday before markets open. The  online lender listed their shares on the… Read More

December 3, 2017 @ 10:57 am By JD Alois  |  

The Hong Kong Monetary Authority (HKMA) has launched a “Fintech Supervisory Chatroom” designed to provide regulatory feedback to Fintech firms and authorized institutions. This is part of Hong Kong’s push to become the leading Fintech hub in Asia and part of their young Fintech Sandbox… Read More