Asia

July 19, 2016 @ 1:00 pm By Erin Hobey  |  

With the closing of LendIt’s largest event to date, the Lang Di Fintech Experience, Orchard Platform shared its Head of West Coast & APAC Sales Jeremy Todd‘s initial impressions of the event which focused on the future of fintech not only in China but also globally. Todd participated… Read More

July 19, 2016 @ 8:58 am By Samantha Hurst  |  

JustUs, a new peer-to-peer lending platform focusing on the IF ISA space, announced on Tuesday that it has received backing from Chinese financial firm, GuanQun Investment. This news comes just a few weeks after JustUS announced it is preparing to launch a crowdfunding campaign on Crowdcube to… Read More

July 18, 2016 @ 11:01 pm By JD Alois  |  

One of the biggest challenges for online lending firms in China is the lack of credit data for prospective borrowers. As Chinese regulators tighten up the peer to peer lending sector, Fintech providers are moving in to help improve the service. ZestFinance is one of… Read More

July 17, 2016 @ 6:00 pm By JD Alois  |  

FundedHere, a licensed crowdfunding platform based in Singapore that targets start-ups in Southeast Asia and Greater China, has announced it will be assisting SGX listed companies to raise capital via short-term bonds of up to S$5 million each.  FundedHere was the first crowdfunding platform to… Read More

July 16, 2016 @ 1:43 pm By JD Alois  |  

Timothy Li of Kuber Financial and Tang Loaec of P2PConnect have joined together to create a new “P2P insurance JV” designed to bring “risk sharing” to American users. This is according to information provided by Li stating the pair decided to form a joint venture to… Read More

July 15, 2016 @ 5:12 pm By JD Alois  |  

Creditexchange, an online lending platform, has raised $500,000 in seed funding. Kuber Financial participated in the funding round but did not disclose exact terms. Creditexchange, described as India’s first hybrid consumer loan platform and institutional marketplace, will originate loans where institutional investors may co-invest in… Read More

July 14, 2016 @ 11:21 am By Erin Hobey  |  

British fintech company XNTree, member of the European fintech accelerator Level39, will set up shop in Seoul’s Yeouido financial district, according to Pulse. A celebration of the announcement coincided with the Seoul Global Fintech Demo Day event on 19 June.  XNTree and Maekyung Media Group have partnered to support Korean… Read More

July 13, 2016 @ 3:21 pm By JD Alois  |  

During the first six months of 2016, at least 264 peer to peer lending platforms were shut down in China. This is a direct reaction to the tightening grip of Chinese regulators.  The report published in ECNS, states that even tougher oversight is in store… Read More

July 12, 2016 @ 8:32 pm By Brock Murray  |  

The Monetary Authority of Singapore (MAS) makes its move after public consultations to provide industry direction and safeguards for retail investors. Investment crowdfunding platforms that offer debt or equity opportunities will now have to obtain a license to operate. While many may dispute the pros… Read More

July 12, 2016 @ 10:57 am By JD Alois  |  

Cloud Lending Solutions and Fujitsu have signed a Memorandum of Understanding (MOU) on a new partnership to provide services in Japan and other ASEAN countries. The arrangement is pretty significant for Cloud Lending as it provides an established partner to promote and develop online banking… Read More

July 11, 2016 @ 9:12 am By Samantha Hurst  |  

Following the success of the third Expo for Property, Investing & Crowdfunding (EPIC) event in Singapore, crowdfunding platform CoAssets announced plans to host a stage inaugural EPIC event in Fuzhou, China. EPIC is described as a 1-day event that informs SMEs and startups on financing option and… Read More

July 10, 2016 @ 10:08 am By JD Alois  |  

The number of corporate accelerators has grown dramatically in recent years with Fintech playing a central role. Corporate accelerators now number 131 globally with 13 launching this year. But this number represents a dramatic slow down versus last year when 46 accelerators launched. This is… Read More

July 7, 2016 @ 9:00 am By JD Alois  |  

Virtuix, creators of the Omni platform that pairs active virtual reality to games and more, has formed a joint venture with Hero Entertainment, creators of the largest first-person shooter (FPS) game in China.  This is a significant deal for Virtuix as it opens up the… Read More

July 6, 2016 @ 10:31 am By JD Alois  |  

Fintech startup NeoGrowth has raised its largest funding round to date. This is according to a report by the company. Based in Mumbai, NeoGrowth will provide access to credit for small and medium-sized retailers across India. NeoGrowth has now raised $35 million (or INR 225… Read More

July 5, 2016 @ 2:21 pm By JD Alois  |  

LendIt and AMTD Group, a diversified financial service firm based in Hong Kong, have announced they are joining together to host the “first” Global Fintech Investment Summit in Hong Kong later this month. LendIt stated that over 80 Asian investors and 35+ international fintech companies… Read More

July 5, 2016 @ 7:25 am By JD Alois  |  

The city of Liverpool has signed a Memorandum of Understanding (MOU) with the Chinese city of Guiyang, a community that has been labeled the “Capital of Crowdfunding.”  Guiyang is the capital of Guizhou Province in Southwest China. The agreement follows a visit to Liverpool by a… Read More

July 4, 2016 @ 12:16 pm By JD Alois  |  

Collaboration and investment platform Fundnel is hosting the first Supply Chain Asia Hackathon Bootcamp in Singapore amidst a “manpower crunch.” The event is described as being in line with Singapore’s Smart Nation initiative designed to increase the adoption of technology in Supply and Logistics, one… Read More

July 2, 2016 @ 8:31 am By JD Alois  |  

According to a report by BBC, United Overseas Bank (UOB) based in Singapore has suspended real estate loans for property in the UK. The UK property market has been one of the hottest markets in the world for the past few years.  Asian investors from… Read More

June 29, 2016 @ 10:55 pm By JD Alois  |  

During a wide-ranging speech this week at the DBS Institutional Investor Symposium, Jacqueline Loh, Deputy Managing Director of the Monetary Authority of Singapore (MAS), made the statement; “As a progressive and innovative financial centre, Singapore has much to offer to global investors in opening the door… Read More

June 26, 2016 @ 11:23 pm By JD Alois  |  

Fundnel, a collaborative crowdfunding investment platform based in Singapore, has formed a partnership with the Business Angel Network Southeast Asia (BANSEA), to pool resources and boost deal flow.  BANSEA ONE, backed by BANSEA and Fundnel, will become a key investor in early stage companies in… Read More