Asia

December 27, 2017 @ 9:25 am By Erin Hobey  |  

Ahmedabad-based SME lending startup and Digital Lenders Association of India member Lendingkart Finance has secured $3.8 M (INR 25 Cr) in debt from the State Bank of India according to multiple news sources, just three months after hauling in $10.9M (INR 70 Cr) in funding round led… Read More

December 27, 2017 @ 8:11 am By JD Alois  |  

Cryptocurrency exchange Binance has claimed the top spot in regards to trading volume in digital currencies. According to Binance, the crypto exchange is now the largest in world having fulfilled trading volume of $2.8 billion since Tuesday. The milestone  takes place just 5 months after… Read More

December 26, 2017 @ 1:29 pm By Samantha Hurst  |  

Hong Kong’s payments and cryptocurrency platform Monaco announced on Tuesday an expansion of its strategic cooperation with Binance, where Monaco’s MCO token was listed this past summer. The company revealed that under this partnership expansion it will include support for Binance’s BNB token to its platform which… Read More

December 26, 2017 @ 9:55 am By Samantha Hurst  |  

Suning Financial Services Shanghai Co. announced on Tuesday it has issued new shares to raise ¥5.34 billion ($813 million) as it looks to invest further into its fintech products. The company reported around14 investors took part in the investment round and it issued 16.5% of… Read More

December 24, 2017 @ 7:33 am By JD Alois  |  

SuperCharger FinTech Accelerator launched first in Hong Kong but it is pushing into other markets bringing its unique brand of combining established and innovative Fintech startups. Earlier this month, SuperCharger celebrated the end of the SuperCharger Kuala Lumpur program as 9 Fintech start-ups from around the… Read More

December 23, 2017 @ 11:42 am By JD Alois  |  

I must admit, when I first read about Dragon Coin and its initial coin offering (ICO) I was exceptionally skeptical. But then you really need to be careful which ICO you back right now. A healthy dose of skepticism can be what separates an investor… Read More

December 22, 2017 @ 10:20 am By Samantha Hurst  |  

The Gibraltar Blockchain Exchange (GBX) and QUOINE announced on Friday it has formed a strategic partnership. Th companies revealed that the partnership was created in order to provide the cryptocurrency markets with global liquidity alliance. The companies stated they are looking forward to building a strong, global digital asset exchange… Read More

December 22, 2017 @ 9:32 am By JD Alois  |  

GIFTO, a blockchain virtual gifting protocol that recently completed an ICO thats public sale allegedly sold out in just one minute, has announced a strategic partnership with Worldwide Asset eXchange (WAX), decentralized marketplace for virtual assets. The agreement will see GIFTO created virtual gifts tradable… Read More

December 21, 2017 @ 4:45 pm By JD Alois  |  

In partnership with SuperCharger, CFTE, Cyberport, UNSW Sydney and Micosoft, the University of Hong Kong (HKU), has opened up registration with Asia’s first Fintech Massive Open Online Course (MOOC). The Fintech MOOC is a six-week online course on innovations in finance and is designed to… Read More

December 21, 2017 @ 10:17 am By JD Alois  |  

The Securities Commission Malaysia (SC) has announced that parties interested in establishing and operating an Alternative Trading System (ATS) in Malaysia can apply to participate in regulatory sandbox sessions under the SC’s FinTech Innovation Lab (aFINity – alliance of Fintech community). This follows the Budget… Read More

December 20, 2017 @ 11:50 am By JD Alois  |  

Ælf, a Blockchain based company developing a ‘Cloud Operating System’ designed to become a central hub for all Blockchains, has announced a pre-sale raise of 55,000 Ether. During the “under the radar” initial coin offering, the spot price was about $450 per ETH. Today, as… Read More

December 20, 2017 @ 7:50 am By Erin Hobey  |  

Singapore-based crowdfunding platform FundedHere has raised S$516,000 for local startup AEvice Health in an oversubscribed 30-day campaign that exceeded its original S$450,000 target. The campaign was funded by 11 investors – nine accredited investors, one professional investor and one institutional investor – registered on FundedHere’s platform…. Read More

December 19, 2017 @ 1:43 pm By Samantha Hurst  |  

International banking group Standard Chartered Bank announced on Monday it has signed a Memorandum of Understanding (MOU) with digital financial service provider Ant Financial Services Group. The company reported that under the terms of the MOU it will combine its banking expertise and insights in emerging… Read More

December 19, 2017 @ 8:11 am By JD Alois  |  

The Monetary Authority of Singapore (MAS) has published an investor warning today telling the public to proceed with “extreme caution” when they invest in cryptocurrencies. The statement by MAS comes as the price of Bitcoin has gone hyperbolic nearing $20,000 per BTC. At the beginning… Read More

December 18, 2017 @ 11:08 pm By JD Alois  |  

Silver Bullion, a peer to peer lending platform based in Singapore, has reached $50 million in loan originations. The unique platform that provides secured lending based off of bullion saw more than double the lending volume in 2017 versus year prior. According to the platform,… Read More

December 18, 2017 @ 8:13 am By JD Alois  |  

The development of technology-based financial services or Fintech is a rapid, global, regional, and national movement. The Fintech industry has the opportunity to bring about change in the overall global financial industry everywhere. Indonesia, one of the most populous countries in the world, will benefit enormously by… Read More

December 17, 2017 @ 6:46 pm By JD Alois  |  

FinTech Indonesia and FinTech Australia have signed a memorandum of understanding (MOU) in a move designed to propel the mutual development of Fintech in both jurisdictions. FinTech Australia is the leading voice of the emerging Fintech industry in Australia. The group is actively engaged with… Read More

December 17, 2017 @ 3:50 pm By JD Alois  |  

We have been waiting for the complete English version of KPMG’s Leading Fintech 50 companies in China but it is apparently still in the works. KMPG has published a single sheeter though, so we share that now and hope to share the complete document in… Read More

December 16, 2017 @ 3:05 pm By Xu Gao  |  

Supply Chain Finance Platform Daokoudai.com Secures ¥100 million Investment led by BCCF On December 13th, online supply chain finance platform Daokoudai.com announced it had receive a ¥100 million A-round funding led by Beijing Cultural Center Fund (BCCF). SinarMas from Indonesia and Zhen Ru Investment Management… Read More

December 16, 2017 @ 9:37 am By JD Alois  |  

The central bank of Indonesia, Bank Negara Malaysia,  has published a consultation report on regulating Bitcoin and other cryptocurrencies. The action by the Bank comes at a time when popular interest in Bitcoin is increasing due to the dramatic rise in price and the addition… Read More