Asia

November 12, 2015 @ 3:35 pm By Samantha Hurst  |  

On Thursday, Cogobuy Group (stock code: 400.HK), an e-commerce platform that serves the electronics manufacturing industry in China, announce its unaudited operating results for the three months ending on September 30th.  During the quarter, the Cogobuy’s three major businesses achieved robust growth. The total GMV of… Read More

November 11, 2015 @ 6:00 pm By JD Alois  |  

The study is supported by KPMG, CME Group Foundation, the ACCA and 20 leading industry and academic research partners. The Cambridge Centre for Alternative Finance at Cambridge Judge Business School, the Tsinghua University Graduate School of Shenzhen and the University of Sydney Business School are… Read More

November 11, 2015 @ 12:39 pm By Erin Hobey  |  

HAX, formerly known as HAXLR8R, shared 13 new global hardware startups and their products from HAX’s seventh Accelerator Demo Day and 10 new graduates of its first Boost program Demo Day. Since its founding in 2012 the global hardware investor  has accelerated 90 hardware startups. To… Read More

November 9, 2015 @ 8:14 pm By JD Alois  |  

Jon Medved, founder and CEO of equity crowdfunding platform OurCrowd, caught up with CNBC while at the Crowdfunding Asia conference in Singapore this week.  Medved explained in an interview that OurCrowd wants to provide access to the smart investor into deals in which they have… Read More

November 7, 2015 @ 12:38 pm By Spencer Li  |  

  Last month I attended LendIt Europe in London (Oct. 20-21) to learn more about developments in the marketplace lending industry in the UK and in broader continental Europe. LendIt has once again done an excellent job organizing the conference and brought together a wealth… Read More

November 5, 2015 @ 11:29 am By Erin Hobey  |  

“Major non-traditional financial services companies have been investing in fintech payments in China for the past year.” According to Accenture, fintech investments across Asia-Pacific experienced a boom in 2015 – from about $880 million in 2014 to nearly $3.5 billion in just the first nine months… Read More

November 4, 2015 @ 9:25 am By JD Alois  |  

Peer to peer lending continues to grow dramatically in China. We have become accustomed to regular reports of record-setting months of loans originated.  October was apparently no different, according to a report in the ShanghaiDaily, P2P lenders transacted 119.6 billion yuan or over $18.9 billion… Read More

November 3, 2015 @ 10:22 pm By JD Alois  |  

CoAssets, a real estate crowdfunding platform serving Southeast Asia, has just completed its first Expo for Property, Investing and Crowdfunding (EPIC) in Kuala Lumpur, Malaysia.  According to company representatives, the event was a big success as S$ 15 million worth of deals consummated during the… Read More

November 3, 2015 @ 9:07 am By JD Alois  |  

Singapore-based Call Levels, a real-time financial monitoring and alert service that seeks to help traders monitor financial assets price movements easily on mobile, has announced that it has closed a pre-series A led by 500 Startups. The startup also raised capital from a consortium of… Read More

November 3, 2015 @ 7:07 am By Spencer Ang Li  |  

A bit late on providing this update, but back in August, the People’s Supreme Court of China issued a new ruling on matters related to private lending in China. Private lending is defined as lending between persons or entities that are not financial institutions sanctioned… Read More

October 30, 2015 @ 9:13 am By JD Alois  |  

FundedByMe Malaysia to Partner with Rave Accelerator Announced earlier this year following announced equity crowdfunding regulations by the Malaysian government, Sweden-based FundedByMe and Alix Global have entered into a formal joint venture (JV) to operate an equity crowdfunding platform by year’s end. According to information… Read More

October 29, 2015 @ 1:09 pm By Erin Hobey  |  

The Securities Commission of Malaysia (SC) will introduce a framework for peer-to-peer (P2P) lending next year, reported The Star‘s Ng Bei Shan, a motion in line with the growing interest in fintech in Asia. “You need to have the right matrix to determine the credit quality of… Read More

October 27, 2015 @ 11:15 am By Erin Hobey  |  

The Indian fintech platform Razorpay has raised US$9 million in Series A funding led by leading VC firm Tiger Global, with participation from existing investor Matrix Partners, according to a release.  Including its US$2.5M seed funding round, the company’s total fundraise to date is US$11.5 million.  Funding will be used to build Razorpay’s product and… Read More

October 27, 2015 @ 8:34 am By Samantha Hurst  |  

Renren Inc. (NYSE: RENN) (“Renren” or the “Company”), a real-name social networking internet platform in China, announced on Tuesday  it has completed an additional $150 million preferred stock investment in Social Finance Inc. (“SoFi”), a San Francisco-based online lending company. Renren has been an investor… Read More

October 27, 2015 @ 7:49 am By JD Alois  |  

Edinburgh-based investment crowdfunding platform ShareIn is targeting China as a unique opportunity.  Announced today at the World Crowdfunding  Conference taking place in Guiyang, China, the company stated it would launch the first joint, China – UK crowdfunding campaign designed to allow Chinese investors to purchase… Read More

October 26, 2015 @ 7:51 am By JD Alois  |  

China’s internet finance industry continues to grow dramatically, but this rapid growth has been paired with a high number of dodgy p2p platforms and failures.  According to a report published in QZ, research completed by Morgan Stanley and Wangdaizhijia states that since 2007, 370 peer… Read More

October 14, 2015 @ 8:40 am By JD Alois  |  

Harmoney, the first peer to peer lender to launch in New Zealand, has added some big names to its advisory board.  Accord to a release published by the P2P site, Jon Barlow, founder of Eaglewood Capital and Phin Upham of Thiel Capital have signed up… Read More

October 13, 2015 @ 12:16 pm By Erin Hobey  |  

“This Joint Venture is a key step in CoAssets’ plans to expand throughout the ASEAN region. Javaland has been successfully operating in Indonesia for a decade, building solid relationships with both the investment community and government departments.” The real estate crowdfunding company CoAssets Pte Ltd, recently… Read More

October 11, 2015 @ 5:08 pm By Spencer Li  |  

  At the end of July, China’s central bank issued a set of draft regulations on online payments for public opinion, which recently concluded at the end of August. The draft rules were hailed by industry players and media as the “harshest rules in history”… Read More

October 9, 2015 @ 9:08 am By JD Alois  |  

A web platform that tracks peer to peer lending in China has stated that September was another record month for online lenders. According to a report in the ShanghaiDaily, P2P transactions hit 115.2 billion RMB ($18.1 billion USD) last month. Online Lending House stated monthly… Read More