Asia

The Monetary Authority of Singapore & the International Finance Corporation Join in Fintech Cooperation

The International Finance Corporation (IFC), part of the World Bank, and the Monetary Authority of Singapore (MAS) have signed a “Memorandum of Cooperation” agreeing to establish and develop the ASEAN Financial Innovation Network (AFIN). AFIN will strive to increase the adoption of Fintech innovation and… Read More

LATTICE80 and Nanyang Polytechnic Partner on Fintech Program

LATTICE80, Singapore-based Fintech hub owned and operated by private investment firm Marvelstone Group, has signed a memorandum of understanding (MOU) with Nanyang Polytechnic (NYP) to offer a Fintech experience program for year 1 and 2 students. NYP students that qualify can may up to be… Read More

Singapore-based Blockchain VeChain Joins PwC’s Incubation Program

Singapore-based blockchain service provider VeChain S.E.A, a subsidiary of the leading blockchain technology company in China, BitSE, is proud to announce it will join PwC’s incubation program. PwC and BitSE held a signing ceremony on Monday in Hong Kong with Raymund Chao, PwC Greater China Chairman,… Read More

China: WeiyangX Fintech Review

Financial Technology Becomes a New Spotlight of the Belt and Road Initiative Belt and Road Forum for International Cooperation, also known as the Belt and Road Initiative, was held in Beijing on May 14-15. President Xi Jinping highlighted the role that financial technology has played… Read More

Telr Recieves $3 Million Series B Funding

Mumbai-Singapore based Telr, founded in 2014 by Sirish Kumar and Elias Ghanmen, has received additional funding in a Series B round. Telr received $3 million led by Innovation East Funds.  Telr is a payments gateway, MCA and ecommerce platform that is growing in emerging markets. Telr expects… Read More

Invoice Trading Platform Qupital Receives $2 Million in Seed Funding Led By Alibaba Entrepreneurs Fund & MindWorks Ventures

Qupital, an online invoice discounting exchange, has received $2 million in seed funding led by Alibaba Entrepreneurs Fund and MindWorks Ventures. Several other VCs participated including DRL Capital and Aria Group. Alibaba Entrepreneurs Fund is a not-for-profit initiative launched by Alibaba Group in 2015 to help… Read More

Singapore Fintech Startup StashAway Raises US $2.2 Million in Series A

According to TechinAsia, StashAway, a Fintech startup based in Singapore focused on providing wealth management, announced it had secured US $2.15 million in funding for its Series A round. StashAway is a software solution for individual investors to manage their investment portfolio. StashAway claims to… Read More

Chinese P2P Lender Dianrong Links with Maggie Ng to Launch Global Fintech Marketplace

Chinese P2P lender Dianrong announced a new technology agreement with Maggie Ng, a leading consumer banking executive in Asia Pacific, to launch a global fintech marketplace connecting Asian investors with high-quality, low-volatility and largely untapped asset classes, including U.S. consumer lending. Founded in 2012, Dianrong originates… Read More

Growing Reg Influence in MENA Fintech: Abu Dhabi Global Market Joins R3 Consortium

Abu Dhabi Global Market (ADGM), the international financial centre in Abu Dhabi, has joined R3 as a new member of its international consortium. ADGM is the first regulatory body in the Middle East and North Africa (MENA) region to be part of the R3 consortium, comprising over… Read More

Paytm Payments Bank Limited to Launch Next Week

Paytm is launching a bank. The news was published in advance of the announcement that SoftBank had invested $1.6 billion into Paytm’s parent company One97 Communications Limited. The SoftBank investment may have been incentivized due to the fact the Reserve Bank of India had approved the… Read More

Hong Kong Financial Services Development Council Publishes Report on Blockchain

As part of a broader initiative to encourage Fintech innovation, the Financial Services Development Council of Hong Kong has published a report on Distributed Ledger Technology (DLT) or Blockchain. Recently, we shared a report on Fintech in which the FSDC chastised officials for not moving… Read More

SoftBank Backs Paytm with $1.6 Billion

Paytm has announced that SoftBank has invested in their parent company One97 Communications Limited. The $1.6 billion commitment is said to be the single largest funding round from a single investor in India. Crowdfund Insider reported this past week that Paytm was discussing an investment… Read More

Into the Black: TransferWise Celebrates Operational Profitability

UK Fintech TransferWise has reached operational profitability six years after launch, according to a release. The Estonia-founded, London-based currency exchange startup indicated that it is currently amassing £8 million a month in revenue and is on target to reach £100 million for 2017. “To have hit… Read More

Hong Kong Report on Status of Fintech

Hong Kong has been sizing up the Fintech sector of finance for awhile now. But while Hong Kong is a regional financial powerhouse, when it comes to Fintech innovation they have ceded ground to Singapore.  Yet authorities recognize that Fintech has the potential to deliver… Read More

P2P Lender DoFinance Opens Office in Indonesia as Part of Asian Expansion

DoFinance, part of the Latvian Alfa Finance Group, has opened an office in Indonesia as part of an Asian expansion of their peer to peer lending operations. DoFinance said they were applying a “customer-oriented approach set to European standards” for private Asian investors. The expansion… Read More

CCRManager Launches Platform for Tread, Supply Chain & Working Capital Finance

CCRManager Pte Ltd, a Fintech company based in Singapore, has launched an online platform for the distribution of trade finance, supply chain finance and working capital assets.  The online platform will enable banks to manage the entire process of distributing trade finance internationally to other… Read More

Abu Dhabi Global Market Announces Fintech RegLab Winners, Welcomes Next Round of Applicants

Abu Dhabi Global Market (ADGM), the International Financial Centre in Abu Dhabi, has announced its first batch of Fintech Regulatory Laboratory (Reglab) participants comprising five local and international Fintech startups with various innovation offerings.The ADGM Reglab is reportedly the first Fintech regulatory sandbox and framework in the… Read More

MAS: Singapore FinTech Festival Returns in November

The Monetary Authority of Singapore (MAS) has announced the 2nd edition of the Singapore FinTech Festival, to be held in Singapore from 13 to 17 November 2017. The event is organized in partnership with The Association of Banks in Singapore (ABS) and in collaboration with SingEx… Read More