Asia

October 22, 2016 @ 2:48 pm By JD Alois  |  

The Monetary Authority of Singapore (MAS) has signed another cooperation agreement to help propel mutual interests in Fintech development.  MAS has signed an agreement to cooperate with the government of Andhra Pradesh (GoAP), a state in India. Andhra Pradesh is one of 29 states and… Read More

October 21, 2016 @ 8:07 am By JD Alois  |  

Irish born but Asia based, First Circle has received $1.2 million in seed funding led by Key Capital and IMJ Investment Partners.  The online lender is targeting SME in the Philippines first but plans on expanding across Southeast Asia. Speaking with Businessworld.ie, Patrick Lynch, the… Read More

October 21, 2016 @ 2:00 am By JD Alois  |  

2016 is the Year of Fintech in Hong Kong Hong Kong is on the growing list of countries that see Fintech as strategically important for their regional economy and global competitiveness. This past week, in a speech delivered in New York City, Hong Kong Financial… Read More

October 20, 2016 @ 5:36 am By Erin Hobey  |  

Bank Negara Malaysia, the country’s central bank, has put together a framework for the sandbox following a month-long consultation with startups, banks and other stakeholders. Malaysia is the latest country following Indonesia, Thailand, Hong Kong, and Singapore, to set up a fintech regulatory sandbox in an effort to help startups… Read More

October 20, 2016 @ 4:43 am By Erin Hobey  |  

Moving from fintech to farmtech. Online meat brand ZappFresh has appointed former MobiKwik executive Ankur Shrivastava as the CTO where he will be responsible for building a 360 degree farm tech supply chain architecture and developing technology and processes for farmtech which will help connect farmers, vendors… Read More

October 20, 2016 @ 4:26 am By Erin Hobey  |  

Insurance companies in Asia are facing a “labyrinth” of regulations as they increase investment in the insurtech space, particularly in areas such as telematics, biometrics and big data, according to The Insurtech Revolution: Regulatory Updates and Innovative Evolution in the Insurance Sector, a new guide… Read More

October 19, 2016 @ 11:16 am By JD Alois  |  

This past weekend, Crowdfund Insider reported that China government officials published a list of restrictions for peer to peer lenders. These were largely a rehash of previously revealed regulations directed towards internet finance and more specifically peer to peer lending. But the Chinese government is… Read More

October 18, 2016 @ 4:37 pm By JD Alois  |  

A report in the Korean Herald has pointed to Hanwha Life Insurance purchasing a 4.1% equity stake in Lending Club (NYSE:LC).  Hanwha Life spent 75 billion won or approximately USD $66.25 million as they believe its stock is undervalued. PulseNews reported last year that Hanwha… Read More

October 18, 2016 @ 10:38 am By Xu Gao  |  

CreditEase is Confronted with Another Tuition Loan Fraud Earlier this month, Chinese p2p lending platform CreditEase was confronted with another tuition loan fraud. TOEIC English, a TOEFL training institution which launched a collaborative tuition loan product with CreditEase, was found shuttered with no reason. Students… Read More

October 18, 2016 @ 7:15 am By Erin Hobey  |  

Hong Kong-based Monexo seeks to grow its Indian P2P lending arm, planing to raise about $10 million by December 2016 to scale up its business in India and South East Asian countries, reported The Economic Times. “We are looking to raise about $10 million by December… Read More

October 17, 2016 @ 1:07 pm By Samantha Hurst  |  

On Monday, China-based fintech service platform UniFi announced it surpassed 100 million yuan (approx. US $15 million) mark since its app went live this past May. The platform is dedicated to foreign students in the U.S. and is an exclusive service of Maizi Jinfu Finacial… Read More

October 17, 2016 @ 11:47 am By JD Alois  |  

Hong Kong-based SuperCharger FinTech Accelerator has renewed its partnership with Hong Kong Exchange and Clearing (HKEX). For a second consecutive year, HKEX has established its supporting organization status behind one of Asia’s leading Fintech accelerators. The partnership will also provide SuperCharger finalists with mentors from… Read More

October 16, 2016 @ 12:00 pm By JD Alois  |  

The evolving Chinese peer to peer lending sector took another twist in the regulatory path, as the government issued a special work plan this past week. According to ECNS, the plan incorporated a list of restrictions for P2P lenders to help curb investor and borrower… Read More

October 13, 2016 @ 9:51 am By Samantha Hurst  |  

FundedByMe Malaysia, one of the six equity crowdfunding operators approved in Malaysia, announced its second equity crowdfunding campaign was launched for iTalent Management. The iTalent Management- Enterprise Digital HR Automation campaign made its debut on the equity crowdfunding platform on October 7th. iTalent is described as an… Read More

October 13, 2016 @ 4:50 am By Erin Hobey  |  

India-based mobile wallet company MobiKwik announced the launch of a UPI (Unified Payments Interface) on its platform which enables users to access online payments with added services including netbanking, wallets, and credit/debit cards. In addition, MobiKwik entered into a partnership with ICICI Bank which allows users to load money into their… Read More

October 13, 2016 @ 4:34 am By Erin Hobey  |  

Digital payments platform Freecharge has appointed former Obi Mobiles executive Karthik Rajeshwaran as director (strategy), reported TechCircle. Rajeshwaran will use his expertise to usher-in consumer centric innovations to expand revenue across new business opportunities. “[Rajeshwaran] brings in a fresh perspective and inspired energy to tread us… Read More

October 11, 2016 @ 8:51 am By Samantha Hurst  |  

Singapore-based crowdfunding platform CoAssets (ASX: CA8) announced on Tuesday it has appointed Tommy Teo as its new chief financial officer. Nick Bishop has stepped down from his role of chief financial officer at CoAssets, and will continue to assist with operations in Australia. CoAssets revealed that Teo is a Certified Practicing… Read More

October 11, 2016 @ 7:38 am By JD Alois  |  

LendIt, a global conference and events organizer established by Jason Jones, Peter Renton and Bo Brustkern, has announced a strategic partnership with AMTD Group Limited (AMTD). LendIt released the news during its annual LendIt Europe conference taking place in London today. AMTD and LendIt had previously partnered… Read More

October 10, 2016 @ 11:25 pm By Pawee Jenneeranon  |  

The Peer-to-Peer Lending Industry in Thailand Peer-to-peer lending, which is also known as social lending or crowdlending, has drastically increased in the recent years in many countries around the world. The total volume of peer-to-peer lending activities has been growing rapidly. A good example is… Read More

October 10, 2016 @ 12:20 pm By Xu Gao  |  

PowerEgg Drone: Most crowdfunded campaign in the drone industry ever! Up to 30th September, 2016, PowerEgg Drone from PowerVision has raised more than ¥86.3 million (USD $12.87 million), becoming the most funded campaign on JD.com’s crowdfunding platform. The previous record belonged to Niu.com which raised… Read More