Asia

PawnHero Announces Partnership With PLDT Fintech Arm FINTQ

PawnHero, Southeast Asia’s first online pawn shop, has reportedly formed a partnership with the fintech arm of PLDT, FINTQ. This news comes just after the platform announced it secured $9.7 million through a financing deal with a Philippine investment bank. According to DealStreetAsia, FINTQ runs… Read More

KyberNetwork ICO Reports “Massive Early Registration”

Singapore based KyberNetwork, a decentralized exchange for the instant trading of any cryptocurrency, informs us they will be closing their Initial Coin Offering (ICO) whitelist registration three days earlier than planned, “due to a massive number of registrations.” The KyberNetwork public token sale is scheduled… Read More

China: WeiyangX Fintech Review

Alibaba’s Yuebao Reduces Credit Limit for Personal Balance to RMB 100,000 Alibaba’s Yuebao is now the nation’s largest money market fund with assets hitting RMB 1.43 trillion (US$210.18 billion) as of the end of July, up sharply from the end of last year. On August… Read More

Asian Expansion: Kickstarter to Launch in Japan This September

Kickstarter announced this week that it will be launching in Japan next month Plans for the crowdfunding giant to make its Japanese debut were revealed earlier this year. According to The Verge, Japanese creators will be able to use the funding portal to attract backers… Read More

Singapore Fintech Hub: Dominant for Now As Regulations Count

Singapore has worked hard to gain, and retain, the crown of Asian Fintech Hub and you can guarantee it won’t give it up without a fight. There are several countries that are in the race. Recently both Australia and Hong Kong have staked a claim… Read More

Nesta Promotes Cross Border Equity Crowdfunding Alliance with China

This is interesting. Nesta, the UK based non-profit foundation that focuses on innovation, believes the UK should work towards creating a cross border equity crowdfunding alliance with China. The UK has been the clear leader in online capital formation since the early days. While the… Read More

Largest Lender: Funding Societies is First P2P Lender to Join International Association of Credit Portfolio Managers

Singapore based Funding Societies has become the first peer-to-peer lending platform to become a member of the International Association of Credit Portfolio Managers (IACPM), a prestigious forum for credit risk management. Funding Societies also reported that risk expert Terry Tse has joined the online lender’s… Read More

SuperCharger Fintech Accelerator Expands into Malaysia

Hong Kong based SuperCharger, a Fintech accelerator program, has expanded its footprint into Malaysia. SuperCharger has partnered up with Standard Chartered, Allianz and Malaysia Digital Economy Corporation to launch their 12 week program in Kuala Lumpur. SuperCharger is accepting applicants now with a deadline of… Read More

Fuse, Lending Arm of Filipino Financial technology Firm Mynt, Powers Up with Mambu

SaaS banking platform Mambu has inked an agreemenet with Fuse, the lending side of Filipino Fintech firm Mynt. Mynt is part of a bigger company – leading Philippine telecom company Globe Telecom which happens to have has a customer base of over 60 million users…. Read More

InstaReM Says its Cross Border Payments Platform to be Active in 34 European Countries by September

InstaReM (IE instant remittance), a company that claims 8% to 10% of remittance transactions between India and Australia, says it will be active in 34 European countries by next month. InstaReM says it is the largest digital cross border payments platform in Southeast Asia –… Read More

China: WeiyangX Fintech Review

China Sets up Centralized Clearing Platform for Online Payments The People’s Bank of China, the country’s central bank, has required all banks and third-party payment institutions to connect to a unified platform by June 30 of 2018 to ensure effective regulation and transaction security. The… Read More

Nippon Technology Venture Partners, FISCO Capitals & ABBA Pledge $9M+ Upcoming COMSA ICO

Tech Bureau Corp, a fintech and cryptocurrency solutions company, announced that leading Japanese VCs pledged over $9M investment in COMSA’s ICO. Nippon Technology Venture Partners, FISCO Capitals and ABBALab Inc will invest in COMSA ICO tokens and XEM. COMSA, a complete Initial Coin Offering fundraising… Read More

Everex Joins Blockchain for Social Impact Coalition: Financial Inclusion

Fresh from a recent 48 hour token pre-sale round, Singapore-based Everex will join the Blockchain for Social Impact Coalition (BSIC), blockchain software company ConsenSys’ social issues incubator, as well as compete in the monthly BSIC hackathon schedule from 7 September to 7 October 2017. By joining the BSIC… Read More

SparkLabs Taipei Accelerator Makes Debut: Seeks to Help Taiwanese Startups Expand Globally

SparkLabs, a network of accelerators in Asia, announced earlier this week it is launching in Taipei after recently making its debut in Beijing. According to the network, the first accelerator was launched in Seoul in 2012 with 79% of its 74 graduates receiving follow on… Read More

Warning! Singapore tells Consumers to Exercise Due Diligence on Initial Coin Offerings

The Monetary Authority of Singapor (MAS), along with the Commercial Affairs Department (CAD) have published a warning to consumers regarding Initial Coin Offerings (ICOs) or Token Offers and other investment schemes involving digital coins. The ICO market and affiliated Token Offerings has risen rapidly catching… Read More

Singapore Fintech Hub Lattice80 Expands: Set to Open New India Office

LATTICE80, Singapore-based Fintech hub owned and operated by private investment firm Marvelstone Group, announced it is set to open its new office in India this month. According to Bloomberg, the hub is currently in discussion with thirty tenants for the 30,000 square feet office space, which… Read More

Omega One Named Winner of Lang Di Fintech PitchIt competition in Shanghai

Omega One has been selected as the winner of the Lang Di Fintech PitchIt competition that took place in Shanghai on July 16. PitchIt was created in partnership with JadeValue, Shanghai’s co-working and incubation space. Lang Di Fintech is the China version of the roving LendIt conference series. Omega One… Read More

HKU Signs MoU With Hong Kong Cyberport to Launch Fintech Platform

On Tuesday, University of Hong Kong (HKU) signed a memorandum of understanding (MoU) with Hong Kong Cyberport to create a new fintech platform. While sharing details about the new strategic partnership with HKU, Dr. Lee George Lam, Chairman of Cyberport, stated: “Cyberport is pleased to… Read More

Report: Peoples Bank of China Expected to Regulate P2P Lenders, Payment Firms

The People’s Bank of China (PBOC) is expected to strengthen the regulation of internet finance firms including peer to peer lenders and payment platforms. The report by China News references a statement by the PBOC that labels some financial products offered by Fintech firms as… Read More

CFTE Teams Up With MAS to Expand Fintech Education Initiative Into Singapore & ASEAN

The Centre for Finance, Technology, and Entrepreneurship (CFTE) announced on Tuesday it has formed a partnership with the Monetary Authority of Singapore (MAS) to formalize plans to expand its education initiative to ASEAN. According to the organization, the prime objective is to train finance professionals in… Read More