Asia

November 26, 2015 @ 10:26 am By JD Alois  |  

Chinese officials announced last year they were slashing executive pay at banks.  This was part of a push to reform the banking system by limiting waste and stifling corruption.  According to a report in Time Weekly, banking executives have a salary cap of just 600,000… Read More

November 25, 2015 @ 8:34 am By JD Alois  |  

Backer-Founder, a consulting firm in Taiwan that stakes claim to being the first of its kind in the country, celebrated its one  year anniversary of helping crowdfunding campaigns achieve their goals.  According to the company, the crowdfunding consultancy has managed over 50 projects in the… Read More

November 24, 2015 @ 10:31 pm By JD Alois  |  

Dianrong, a leading peer to peer lending platform in China, raised a respectable $207 million a couple months back.  Now the online lender is considering its next funding round which may hit half a billion dollars as the Chinese P2P market continues to outpace traditional… Read More

November 23, 2015 @ 8:28 am By JD Alois  |  

Kapital Boost has won the Social Enterprise Startup of the Year award during the inaugural ASEAN Rice Bowl Startup event held in Kuala Lumpur, Malaysia. Singapore-based Kapital Boost is the first Islamic peer-to-business (P2B) crowdfunding platform in Asia. Launched in July 2015, Kapital Boost has… Read More

November 19, 2015 @ 11:19 pm By Spencer Li  |  

When the State Council of China issued its guidelines for the internet finance industry in July, the single most talked about guideline among platform operators is the government’s encouragement of banks to provide custodian services for investor funds used for platform transactions. Many have interpreted… Read More

November 18, 2015 @ 2:15 am By Midori Yoshimura  |  

China’s Internet search giant Baidu will partner with China Citic Bank, part of state-owned conglomerate Citic Group, to launch an online bank, according to the Financial Times. The FT notes that Citic Bank, suspended its shares in Shanghai and Hong Kong on Monday pending announcement… Read More

November 17, 2015 @ 10:32 am By Midori Yoshimura  |  

  A co-founder of Funding Societies in his 20s, Reynold Wijaya is now the peer-to-peer lending company’s chief operations (Singapore) leader, and has helped bring the company’s funding to near $1.25 million. Funding Societies was among the first homegrown P2P lending companies to bring in a trustee registered with the… Read More

November 17, 2015 @ 9:26 am By JD Alois  |  

CrowdPlus.Asia is the first, of the approved platforms, to launch in Malaysia – and across multiple Asian markets. CrowdPlus.asia will focus on the ASEAN market, having established a presence in Malaysia, Thailand and Vietnam, as well as mainland China and Hong Kong where there is a number… Read More

November 16, 2015 @ 10:49 am By Erin Hobey  |  

Founded in May 2014, the Philippine-based fintech startup  Satoshi Citadel Industries (SCI) initiated Boom Cash, an SMS-based wallet that allows a person to send and receive money digitally without an Internet connectivity. SCI co-founder and CEO John Bailon told Deal Street Asia that Boom Cash is the product of an internal hackathon,… Read More

November 13, 2015 @ 12:26 pm By Samantha Hurst  |  

Real estate crowdfunding company, CoAssets Pte Ltd, (“CoAssets ” or the “Company ”) (NSX code: CAX), announced this week it received principle support from the government of East Java, for its upcoming EPIC event to be held in Surabaya, Indonesia. The government run East Java… Read More

November 12, 2015 @ 3:35 pm By Samantha Hurst  |  

On Thursday, Cogobuy Group (stock code: 400.HK), an e-commerce platform that serves the electronics manufacturing industry in China, announce its unaudited operating results for the three months ending on September 30th.  During the quarter, the Cogobuy’s three major businesses achieved robust growth. The total GMV of… Read More

November 11, 2015 @ 6:00 pm By JD Alois  |  

The study is supported by KPMG, CME Group Foundation, the ACCA and 20 leading industry and academic research partners. The Cambridge Centre for Alternative Finance at Cambridge Judge Business School, the Tsinghua University Graduate School of Shenzhen and the University of Sydney Business School are… Read More

November 11, 2015 @ 12:39 pm By Erin Hobey  |  

HAX, formerly known as HAXLR8R, shared 13 new global hardware startups and their products from HAX’s seventh Accelerator Demo Day and 10 new graduates of its first Boost program Demo Day. Since its founding in 2012 the global hardware investor  has accelerated 90 hardware startups. To… Read More

November 9, 2015 @ 8:14 pm By JD Alois  |  

Jon Medved, founder and CEO of equity crowdfunding platform OurCrowd, caught up with CNBC while at the Crowdfunding Asia conference in Singapore this week.  Medved explained in an interview that OurCrowd wants to provide access to the smart investor into deals in which they have… Read More

November 7, 2015 @ 12:38 pm By Spencer Li  |  

  Last month I attended LendIt Europe in London (Oct. 20-21) to learn more about developments in the marketplace lending industry in the UK and in broader continental Europe. LendIt has once again done an excellent job organizing the conference and brought together a wealth… Read More

November 5, 2015 @ 11:29 am By Erin Hobey  |  

“Major non-traditional financial services companies have been investing in fintech payments in China for the past year.” According to Accenture, fintech investments across Asia-Pacific experienced a boom in 2015 – from about $880 million in 2014 to nearly $3.5 billion in just the first nine months… Read More

November 4, 2015 @ 9:25 am By JD Alois  |  

Peer to peer lending continues to grow dramatically in China. We have become accustomed to regular reports of record-setting months of loans originated.  October was apparently no different, according to a report in the ShanghaiDaily, P2P lenders transacted 119.6 billion yuan or over $18.9 billion… Read More

November 3, 2015 @ 10:22 pm By JD Alois  |  

CoAssets, a real estate crowdfunding platform serving Southeast Asia, has just completed its first Expo for Property, Investing and Crowdfunding (EPIC) in Kuala Lumpur, Malaysia.  According to company representatives, the event was a big success as S$ 15 million worth of deals consummated during the… Read More

November 3, 2015 @ 9:07 am By JD Alois  |  

Singapore-based Call Levels, a real-time financial monitoring and alert service that seeks to help traders monitor financial assets price movements easily on mobile, has announced that it has closed a pre-series A led by 500 Startups. The startup also raised capital from a consortium of… Read More

November 3, 2015 @ 7:07 am By Spencer Ang Li  |  

A bit late on providing this update, but back in August, the People’s Supreme Court of China issued a new ruling on matters related to private lending in China. Private lending is defined as lending between persons or entities that are not financial institutions sanctioned… Read More