Asia

August 15, 2016 @ 9:41 pm By JD Alois  |  

Yirendai (NYSE:YRD), the publicly traded offshoot of huge P2P lender CreditEase, announced Q2 results last week and the markets liked what they heard. While Yirendai held their earnings call on Wednesday, August 10th, it has taken a few days for the news to sink in…. Read More

August 14, 2016 @ 7:14 pm By JD Alois  |  

Bala Srinivasa, a partner at the VC firm of Kalaari Capital, recently published an interesting post on India and the development of Fintech in the country. While Fintech has gone hyperbolic in China, and the US, Europe, and the rest of Asia has seen steady… Read More

August 12, 2016 @ 6:27 pm By JD Alois  |  

Dianrong, a very large peer to peer lender in China (far bigger than any platform in the US), did some chest pounding yesterday.  In a release, Dianrong claimed the US Department of Commerce named the Chinese online lender the “Leader in China’s P2P Lending Segment.”… Read More

August 11, 2016 @ 10:27 pm By JD Alois  |  

Singapore-based crowdfunding platform CoAssets is preparing to list on the Australian Securities Exchange (ASX) later this month. CoAssets is already traded on the NSX (CAX) but the move up to the primary exchange is viewed as enhancing credibility for the investment platform.  CoAssets is already… Read More

August 10, 2016 @ 3:51 pm By Samantha Hurst  |  

Duocaitou, a Chinese real estate crowdfunding platform that’s dedicated to boutique hotels and home rentals, announced on Wednesday it has completed its Pre-A financing round and has received funds from three venture capital firms, Capital, Innovation Angel Fund, and Shunwei Capital Partners. Gengqian Zhao, CEO… Read More

August 10, 2016 @ 11:14 am By JD Alois  |  

Fundnel alumni Spark Asia has secured a partnership with  JustKapture in India. Fundnel is a southeast Asia investment crowdfunding ecosystem that funds and mentors Asian startups. Spark Asia was the winner of Fundnel’s “Everyday Ideas” competition last year and was subsequently incubated on Fundnel while receiving pre-seed… Read More

August 10, 2016 @ 9:16 am By JD Alois  |  

Bigstone has announced $3 million in equity funding led by CVC Limited and the founders of Lighthouse Venture Partners along with participation from Australian private investors. This is the first funding round for Bigstone an SME lending platform that launched this past June. The peer… Read More

August 9, 2016 @ 10:22 am By Erin Hobey  |  

It’s official.  AngelList, the Silicon Valley-based online platform which allows startups to raise capital from accredited investors, has appointed Utsav Somani, who previously worked with LetsVenture, as an Advisor to spearhead its operations in India. In the blog post “Bringing AngelList to India”, Somani disclosed his new role… Read More

August 8, 2016 @ 9:51 am By JD Alois  |  

Eureeca closed its self-crowdfunding round this weekend early – 100% funded. The offer closed after just 12 days of being available online. The securities offer was over 60% funded on day one Based in Dubai, Euereeca has bigger ambitions having received FCA approval in the… Read More

August 7, 2016 @ 10:11 pm By JD Alois  |  

CreditEase, the largest peer to peer lender in China, is boosting its VC team as it continues its global expansion strategy.  A few days back, according to a report in ECNS, CreditEast appointed Anju Patwardhan, previously the Global Chief Innovation Officer at Standard Charter Bank…. Read More

August 7, 2016 @ 9:49 pm By JD Alois  |  

Below is a report that was forwarded to Crowdfund Insider a few weeks back outlining the crowdfunding market in Taiwan.  As we published recently, investment crowdfunding has been slow to take off but rewards based crowdfunding has apparently generated decent traction. If the regulators get… Read More

August 5, 2016 @ 11:46 am By JD Alois  |  

Earlier this week PwC (under the DeNovo label) published a wide-ranging report on the evolution of Fintech. The document was the production of many PwC executives covering topics like blockchain, payments, banking and the overall transformation of financial services. In one respect the report is… Read More

August 5, 2016 @ 8:36 am By Erin Hobey  |  

Fresh after announcing its foray into Singapore, Kickstarter is expanding to Hong Kong this month, reported the South China Morning Post, aiming to launch by the end of August. A banner greets future backers on Kickstarter’s new Hong Kong website. Two key rivals of Kickstarter already crowdfunding… Read More

August 5, 2016 @ 8:05 am By JD Alois  |  

Singapore-based peer to peer lender Silver Bullion has shared an update following one year of operation. While Silver Bullion has been in operation since 2009 the company only starting offering secured lending in 2015. Silver Bullion was founded by Gregor Gregersen. Originally from Germany, prior… Read More

August 4, 2016 @ 9:10 pm By Erin Hobey  |  

Earlier this year OCBC Bank launched a fintech co-working space and innovation unit in Singapore and its first accelerator program to identify and collaborate with innovative startups.  Now, a few months later, OCBC Chief Executive Samuel Tsien emphasized the ongoing commitment to welcoming and strengthening… Read More

August 4, 2016 @ 12:28 am By JD Alois  |  

Funding Societies, a Singapore-based “peer to business” lending marketplace, has raised a respectable S$ 10 million in a Series A funding round.  The investment was led by Sequoia India, part of the legendary Sequoia VC group. Funding Societies believes this is the largest investment in… Read More

August 3, 2016 @ 9:32 am By JD Alois  |  

Tun Abdullah Badawi, the former Prime Minister of Malaysia, has launched the Waqf (Islamic Endowment) crowdfunding platform or WaqfWorld.  Described as the “worlds first” the new platform was announced at the 12th World Islamic Economic Foundation Forum (WIEF) held in Jakarta this past week The… Read More

August 2, 2016 @ 7:28 pm By JD Alois  |  

Last week Paidly announced a $15 million Series B funding round. The Fintech firm is based in Japan and provides payment services via your smartphone. Paidly basically turns your phone into a credit card type service. Just submit your email address, phone number and create a PIN… Read More

August 2, 2016 @ 2:32 pm By JD Alois  |  

According to multiple reports, Chinese peer to peer lending platforms are failing to meet the minimum standards being applied by the various government agencies tasked with regulated the online lenders. This does not mean ALL the P2P lenders are receiving failing grades. There are many… Read More

August 2, 2016 @ 9:05 am By JD Alois  |  

The Monetary Authority of Singapore (MAS) has created an blue ribbon International Technology Advisory Panel (ITAP) to advise MAS on global Fintech developments. The list of participants is highly impressive roster of Fintech leaders.  The Panel includes: Dr. Andreas Braun – Head of Global Data… Read More