Asia

AirAsia Set to Launch New Fintech Platform for Flights

AirAsia announced this week plans to launch its very own fintech platform later this fall. According to CEO, Tan Sri Tony Fernandes, the company is currently waiting for approval from Bank Negara Malaysia for the new program, which was named “The Big.” The new program… Read More

Indonesian P2P Fintech Startup Modalku Becomes Fully Registered With the OJK

Modalku, an Indonesia-based peer-to-peer lending fintech startup, announced this week it is now fully registered with the Otoritas Jasa Keuangan (OJK). Founded in 2016, Modalku describes itself as an online marketplace for small businesses to acquire loans and for lenders to fund small business loans to… Read More

Credit Insurance Meets Fintech: Hong Kong’s Atradius Launches New Digital Platform

Hong Kong-based credit insurance provider Atradius announced on Thursday the launch of its new digital fintech platform, Atrium. The company describes the portal as an innovative tool that provides customers and distribution partners with real-time data to better understand buyers, credit limits, and risks a… Read More

GOOAAL!!! Crowdo Celebrates Successful MNP Auctioneers & Goody Technologies Campaigns

Crowdo announced two more successful Equity Crowdfunding offers which had successfully surpassed their fundraising targets: MNP Auctioneers and Goody Technologies. This adds to a successful track record of ECF offers published on the Crowdo ECF website including The Parenthood which raised a record-setting 2.64mn RM… Read More

Jumpstartfund’s Hyperloop Transportation Technologies Signs Agreement to License Technology in South Korea

Jumpstartfund’s Hyperloop Transportation Technologies, Inc. (HTT) announced on Tuesday it has signed an agreement with South Korea government’s Department of Technological Innovation and Infrastructure, the Korea Institute of Civil Engineering and Building Technology (KICT), as well as with the country’s engineering research school, Hanyang University, to… Read More

Did Know that 80% of Wealth Managers in China Use WeChat?

This is kind of interesting. A report provided by MyPrivateBanking in Switzerland entitled Digital Wealth Management in Asia: Focus on China and India, states that 80% of leading wealth managers in China use WeChat. In India, 40% of leading Indian wealth managers connect clients to advisors through mobile… Read More

Crowdo Achieves Full Regulatory Registration in Indonesia

P2B lending operator Crowdo announced on Tuesday it has achieved full regulatory registration in Indonesia by the Indonesia Financial Regulator, Otoritas Jasa Keuangan (OJK). This news comes just a few months after the lender launched its securities crowdfunding platform at the Singapore Exchange (SGX) hosted… Read More

CoAssets Receives Capital Markets License from MAS

Crowdfunding platform CoAssets (ASX:CA8) has received a Capital Markets License (CMS) from the Monetary Authority of Singapore (MAS). CoAssets started as real estate crowdfunding platform but has since added SME financing to its operation. CoAssets is based in Singapore but is publicly traded on the… Read More

MyCash Online, the e-Marketplace for Migrants, Raises over $300,000 USD

Fintech company MyCash Online has recently raised over $300,000 USD ($1.3 million RM) in its crowdfunding campaign that was launched on June 1st. MyCash Online is an e-marketplace that was created specifically to accommodate the large amounts of migrants in Malaysia and Singapore. They offer… Read More

Alibaba Must Acquire Starbucks, WeWork, Airbnb, Uber, Tesla & PayPal

During July 2016, I was part of a delegation of US Fintech executives visiting our counterparts in Hong Kong, Shenzhen, and Shanghai, China. We toured and visited some of the most exciting Fintech platforms in China such as LuFax, CreditEase, Tencent (the creator of WeChat),… Read More

World’s Largest Fintech Hub LATTICE80 Appoints Former MD of ANZ Bank as Advisor

LATTICE80, the world’s largest Fintech hub, has appointed former Singapore Managing Director Vinay Agrawal to its board of advisors. Agrawal is described as being key to expanding LATTICE80 to a global audience, bridging Asian Fintech with the rest of the world.  LATTICE80 is wholly owned and run… Read More

InvestaCrowd Updates on Real Estate Crowdfunding in Asia

About a year ago, Crowdfund Insider connected with Julian Kwan, CEO and co-founder of Investacrowd, a real estate crowdfunding platform that was established in Singapore. Kwan was born in Australia but has spent the last 17 years in Asia – most recently Singapore. Having founded… Read More

China: WeiyangX Fintech Review

China Issues a Five-Year plan on Fintech Facing the challenges from the online finance industry, the People’s Bank of China (PBOC) and four other departments including the China Securities Regulatory Commission (CSRC), China Banking Regulatory Commission (CBRC), China Insurance Regulatory Commission (CIRC) and Standardization Administration… Read More

Hong Kong Ratchets Up Fintech Relevance as it Seeks Regional Dominance

Hong Kong is slowing gaining speed in Fintech relevance. After several years of watching more than doing, Hong Kong appears to be poised to challenge Singapore and other regional players for relevance in the Fintech sector. Point in note is the fact that Hong Kong… Read More

OurCrowd and China Based P3 Innovation Partner to Fund Early Stage Deals

Leading global equity crowdfunding platform OurCrowd has recently formed a new partnership with P3 Innovation, part of Pico Far East Holdings Limited.  Founded in 2016, P3 Innovation is a strategic platform founded by the Pico Group that is located in Pico Creative Centre in Shanghai’s Jiading… Read More

Global Fintech Firm QUOINE Launches Digital Crypto-Only Platform

Singapore-based fintech firm QUOINE announced on Thursday it has launched a fully digital cryptocurrency exchange and trading platform. QRYPTOS is described as an exclusive cryptocurrency trading portal that was developed to meet the trading needs of the growing retail market and is designed to make… Read More

Startupbootcamp FinTech Sets Asian Demo Tour Dates for Singapore, Chengdu, Hong Kong & Tokyo

Startupbootcamp FinTech, a leading global accelerator focused on financial innovation, has announced its first Demo Tour to mark the end of its accelerator program. Over 2 weeks in July, the 11 startups from Startupbootcamp’s 2017 cohort in Singapore will visit four countries across Asia and present their companies… Read More

Australia Plans Week Long Fintech Festival “Intersekt” in Melbourne

Fintech leaders in Australia have announced a week long Fintech festival scheduled to take place at the end of November. The goal is to boost Asia-Pacific Fintech growth Australian festival to drive Asia-Pacific fintech growth. The festival will be held in Melbourne and is predicted… Read More

3 Takeaways from Mary Meeker’s 2017 Internet Trends Report

This article highlights three takeaways for Fintech firms from Mary Meeker’s 355-page-long report: 1) The Internet’s center of gravity shifts to Asia; 2) The biggest get bigger; 3) Fintechs must use gamification to improve customer engagement. Since 2001, Mary Meeker, a Partner at venture capital… Read More

MobiKwik Phones Home, Adds 95 Million Users with New Telecom Partnership

India-owned telecom company Bharat Sanchar Nigam Limited (BSNL) and Indian mobile wallet platform MobiKwik have synced to develop BSNL’s mobile application, according to a release. MobiKwik will co-create BSNL wallet, a new semi-closed wallet to facilitate payment and also sell BSNL products. “We are proud to associate with BSNL in… Read More