Asia

October 24, 2017 @ 10:33 pm By JD Alois  |  

Klook, Asia’s largest in-destination services booking platform, has raised nearly $60 million in a Series C funding round.  The financing was led by Sequoia China which also led the Series B Funding. Goldman Sachs and Matrix Partners joined in the round. OurCrowd, a leading global investment… Read More

October 24, 2017 @ 11:57 am By Samantha Hurst  |  

China Rapid Finance Limited (NYSE: XRF), one of China’s largest consumer lending marketplaces, announced on Tuesday it has appointed Zhou Ji‘an, the Executive Director and General Manager of China United SME Guarantee Corporation (Sino Guarantee), to its board as a non-executive independent director. According to China Rapid Finance, Ji’an brings… Read More

October 23, 2017 @ 11:12 pm By JD Alois  |  

Anchored by Standard Chartered, SuperCharger Fintech accelerator is gearing up for its third cohort of startups and scale-ups in the Fintech space. Accepted applicants will begin a 12 week program that starts in March of 2018 and continues through June. SuperCharger is interested in all different… Read More

October 23, 2017 @ 7:37 am By JD Alois  |  

Citing clear demand, Marvelstone has announced their intent to open an extension of the Singapore based LATTICE80 Fintech hub in New York City at some point during 2018. The New York office is seen as a bridge to help connect Asia’s and the US’s Fintech… Read More

October 22, 2017 @ 10:30 am By Xu Gao  |  

  The State Council of China Encourages the Development of a Smart Supply Chain The State Council on October 13, 2017, released a guideline on promoting the innovation and application of the supply chain. The document was aimed at establishing a smart supply chain system… Read More

October 22, 2017 @ 2:30 am By JD Alois  |  

Fincera Inc. (OTCQB: YUANF), a provider of online financing and e-commerce services for small and medium – sized businesses and individuals in China, has reported financial results for the second quarter ended June 30 , 2017. According to their numbers, loan transaction volume across both… Read More

October 20, 2017 @ 3:05 pm By JD Alois  |  

Alipay has partnered with Marqeta on real-time payment processing for millions of Chinese travelers visiting North America. Marqeta is an open API payment card issuing platform. Alipay, part of Alibaba, is the world’s leading third-party payment platform with more than 520 million users. Through the partnership,… Read More

October 19, 2017 @ 3:14 pm By Samantha Hurst  |  

On Thursday, Invest Hong Kong(InvestHK) announced its Hong Kong Fintech Education Week is set to take place on October 30th through November 3rd. According to InvestHK, the Fintech Education Week will follow immediately after the second annual Hong Kong Fintech Week and aims to bring… Read More

October 19, 2017 @ 12:11 pm By JD Alois  |  

LATTICE80, the world’s largest Fintech hub based in Singapore, will launch an Initial Coin Offering (ICO) at some point next year. Specific details on the ICO were not made available. LATTICE80 did disclose the ICO would only be made available in regulated environments including Singapore,… Read More

October 19, 2017 @ 11:25 am By Erin Hobey  |  

Abu Dhabi Global Market (ADGM), the International Financial Centre in Abu Dhabi, and Al Ansari Exchange, a leading foreign exchange and worldwide money transfer company in the UAE, have established a new partnership to promote and support the growth of FinTech industry in Abu Dhabi… Read More

October 19, 2017 @ 11:16 am By Samantha Hurst  |  

Digital currency for payments Dash announced on Thursday it has been listed on QRYPTOS, a crypto-only trading platform, and crypto-fiat exchange QUOINEX. Both trading platforms were launched by Japanese fintech company QUOINE. According to Dash, QUOINEX is described as one of the first Financial Services… Read More

October 19, 2017 @ 9:30 am By Samantha Hurst  |  

Digital payment platform Alipay announced on Thursday it has teamed up with smart terminal provider Poynt to enable its Chinese users to pay with its services through all Poynt devices in North America. The duo revealed that through their new agreement, Alipay’s Chinese users visiting North America… Read More

October 17, 2017 @ 6:36 pm By JD Alois  |  

  Fosun RZ Capital (formerly called Fosun Kinzon Capital) is a leading China based venture capital firm that is part of the Fosun Group which is based in Shanghai. Fosun Group, which is listed on the Hong Kong Stock Exchange, spent “billions” acquiring global companies… Read More

October 17, 2017 @ 7:32 am By JD Alois  |  

Manchester-based Racefields is reporting it has inked a partnership with an unnamed platform in Singapore to expand its debt trading platform RCX to the southeast Asian country. Through the partnership, any deals listed on the RCX platform that match the investment criteria of the funder… Read More

October 16, 2017 @ 8:10 am By JD Alois  |  

Marvelstone Group, the company behind the world’s largest Fintech hub – LATTICE80, is getting into Artificial Intelligence (AI) in a big way. Marvelstone has announced the creation of the “world’s largest AI Hub” based in Singapore. Marvelstone, based in Singapore, is a private investment group that… Read More

October 14, 2017 @ 8:20 pm By Xu Gao  |  

Tencent Received License to Sell Insurance on WeChat and QQ This week, China Insurance Regulatory Commission (CIRC) announced that it had grant an operation license to Shenzhen Wei Min Insurance Agency Co. Ltd. Tencent owns a majority stake (57.8%) of this new insurer. Fubon Property… Read More

October 14, 2017 @ 6:58 am By JD Alois  |  

Ravi Menon, Managing Director of the  Monetary Authority of Singapore (MAS), spoke about the intrinsic potential of Blockchain or Distributed Ledger Technology (DLT) at the Global Blockchain Business Conference last week in India. Singapore is the leading Fintech hub in southeast Asia and is keen… Read More

October 13, 2017 @ 8:30 am By JD Alois  |  

One of the challenges of distributed ledger technology (DLT) is the ability to scale on a global basis.  The massive amount of financial transactions digitally roaming the world are astounding. Zilliqa, created by researchers at the National University of Singapore led by Xinshu Dong, has… Read More

October 12, 2017 @ 11:04 am By Samantha Hurst  |  

Chinese fintech company PINTEC Group announced on Wednesday the launch of its new digital wealth management technology services, PIVOT. The company revealed that PIVOT is its first venture outside of China and is in part backed by pan-Asian life insurer, FWD Group and angel investors…. Read More

October 12, 2017 @ 10:09 am By Samantha Hurst  |  

Japan-based fintech firm QUOINE announced on Thursday it has entered into a Memorandum of Understanding (MOU) with ULS Group to create the QASH Blockchain. According to QUOINE, the QASH token is based on the Ethereum blockchain for the ICO, but the company will do a token swap to utility tokens based on the… Read More