Asia

January 16, 2017 @ 4:47 pm By JD Alois  |  

Loan Frame, an online lender providing access to capital in India, has raised $2.25 million. According to the India Times, the funding round was led by Parag Saxena, co-founder of Vedanta Capital and William Campbell, former chairman of Visa International. Additional investors included Toos Daruvala, co-chief executive… Read More

January 16, 2017 @ 4:43 pm By Samantha Hurst  |  

SuperCharger Fintech Accelerator announced the launch of its 2.0 program on January 9th in the newly opened Cyberport FinTech Smart Space. The accelerator welcomed the program’s eight fintech start-ups and scale-up participants, which are Bambu, Clare.ai, Entersoft, FinChat, Foris, KYC Chain, Squirro, and Xnotes Alliance. The companies… Read More

January 15, 2017 @ 3:42 pm By JD Alois  |  

Apparently, the slowdown and consolidation of the Chinese peer to peer lending industry is having an impact on the real estate market. Colliers International is reporting that Shanghai Grade A office space experienced a rise in average vacancy due to the widespread withdrawal from peer to peer… Read More

January 15, 2017 @ 2:13 pm By JD Alois  |  

Investment crowdfunding platform Seedrs has partnered with InteBridge Venture Capital to host the upcoming China Innovation & Entrepreneurship International Competition (IEIC). The two companies have joined to launch the UK division of the IEIC competition where £1 million of equity free capital will be awarded. The… Read More

January 12, 2017 @ 10:03 pm By JD Alois  |  

The peer to peer lending market in China is the largest in the world. Thousands of platforms populate the online lending sector. The lack of appropriate regulations has allowed many platforms to set up operations quickly and easily. It has enabled incredible acts of fraud…. Read More

January 12, 2017 @ 12:03 pm By Samantha Hurst  |  

FundedByMe Malaysia announced on Thursday it is kicking off 2017 with the P2P forum entitled “Let’s Talk about P2P Financing” that will gather nine Malaysian registered market operators from the equity crowdfunding and P2P financing space under one roof this coming January 19th at The… Read More

January 12, 2017 @ 8:33 am By JD Alois  |  

The Monetary Authority of Singapore (MAS) has launched an essay contest on “The Impact of Disruptive Technologies.” Coming from a securities regulator that theme most certainly includes the impact of Fintech innovation. The essay competition is open to all pre-university students studying in Singapore regardless… Read More

January 12, 2017 @ 8:04 am By Erin Hobey  |  

Japanese e-commerce conglomerate and fintech investor Rakuten has cemented its interest in growing its European commercial banking operation from its Luxembourg headquarters. Initially focusing on providing payment, deposit and loan services for merchants on the PriceMinister e-commerce platform in France, Rakuten Europe Bank plans to expand… Read More

January 11, 2017 @ 8:49 am By Xu Gao  |  

JD & UnionPay Cooperate to Create a “Wall Street + Silicon Valley” Fintech Mode On January 4th, China UnionPay and JD jointly announced a new partnership that JD would become a new member of UnionPay’s acquirer team. Both sides will give full play to their… Read More

January 11, 2017 @ 7:49 am By Jessica Pham  |  

Japan’s Financial Services Agency (FSA) has cleared the Japan Exchange Group (JPX) to use blockchain in trading, according to Nikkei Asian Review.  Such fintech tools might make trading more efficient.  JPX operates the Tokyo Stock Exchange (TSE), the largest stock exchange in Asia and fourth largest… Read More

January 10, 2017 @ 2:55 pm By Samantha Hurst  |  

Postal Savings Bank of China (PSBC) announced on Tuesday it has teamed up with IBM to launch its blockchain-based asset custody system. As part of its work, the bank has also successfully executed more than 100 real business transactions on the blockchain since the system… Read More

January 9, 2017 @ 11:02 pm By JD Alois  |  

CoAssets Limited, a Singapore-founded Fintech firm that is listed on the ASX (ASX:CA8), has launched a newly incorporated subsidiary, CoAssets Real Estate (Care) Pte Ltd. CoAssets described the new subsidiary as part of the company’s long-term growth strategy. The new CoAssets subsidiary will provide “a… Read More

January 9, 2017 @ 10:11 pm By Jessica Pham  |  

Indonesia has released a new set of regulations for the fintech sector, in particular, for peer to peer lending platforms. According to a report in Deal Street Asia, the Indonesian Financial Services Authority (OJK) laid out the following rules: Registration – P2P lending (pinjam meminjam) startups must… Read More

January 9, 2017 @ 9:21 am By Samantha Hurst  |  

On Monday, Verint Systems, Inc. (Nasdaq: VRNT) announced that Chinese fintech firm CreditEase, is set to use is Verint’s Speech Analytics, along with Call Recording, and Quality Management, as a way to support the transformation of its customer engagement platform. CreditEase reportedly stated that since it implemented Verint’s… Read More

January 9, 2017 @ 8:53 am By Samantha Hurst  |  

Marketplace lending platform, China Rapid Finance, announced on Sunday it has teamed up with Tencent’s wealth management platform, Licaitong, to provide new investment products for individual investors. The online lender stated that with it as the screening party for the underlying assets, the first-phase products on… Read More

January 9, 2017 @ 6:57 am By Jessica Pham  |  

Kellerhhof International Sdn Bhd led RE/MAX Malaysia‘s equity crowdfunding campaign over the past month to aim to raise MYR 200,000 (approximately $45,000).  The campaign on CrowdPlus.asia finished yesterday and resulted in RE/MAX Malaysia successfully surpassing its minimum goal, raising MYR 322,888 (approximately $72,000).  RE/MAX Malaysia offered… Read More

January 8, 2017 @ 3:29 pm By JD Alois  |  

Mr. Crowd is a FINRA approved Reg CF crowdfunding portal. Created by founder Allen Au, Mr. Crowd is a part of the US incorporated Ksdaq corporation.  While incorporated in the US, Ksdaq’s primary place of business is Hong Kong making it a bit unique. Today, Mr…. Read More

January 4, 2017 @ 10:49 pm By JD Alois  |  

Silver Bullion is a one of a kind online lender. The peer to peer lending platform based in Singapore is a secured lender that backs up each loan with gold or silver bullion. Launched in mid-2015,  Silver Bullion has just announced it has surpassed S$20… Read More

January 4, 2017 @ 9:42 am By JD Alois  |  

    Credit China FinTech Holdings Limited, along with China Huarong International, Shanghai Xinhua Publishing Group, Jilin Province Investment Group have launched the Asia Fintech Merger and Acquisition Fund with more than RMB 10 billion (approximately $1.44 billion) in value. In addition to the aforesaid state-owned… Read More

January 4, 2017 @ 9:02 am By Xu Gao  |  

Shanghai Launches New Regulatory Rules for Online Micro-Lending On 30th December 2016, Shanghai Municipal Financial Service Office published its first local regulatory rules for online micro-lending. According to this regulation, natural persons may borrow up to ¥200,000, while upper limit for lending to a legal… Read More