Asia

August 1, 2016 @ 9:07 am By JD Alois  |  

The Monetary Authority of Singapore (MAS) and the Association of Banks in Singapore (ABS) are joining together on the Fintech Awards to be presented at the inaugural Singapore Fintech Festival scheduled for November 2016. Singapore is staking a claim in the Fintech sector and view… Read More

July 30, 2016 @ 3:30 pm By Chen Hungyi  |  

As of July 2016, there are three equity-crowdfunding platforms in Taiwan, including Startup Shares, eFUN, and Crowdfund Masterlink. According to equity crowdfunding regulations in Taiwan, it is necessary to apply for a securities broker license. However, if the securities broker operates only an equity crowdfunding… Read More

July 29, 2016 @ 7:44 am By JD Alois  |  

Money&Co., a peer to peer lender targeting small businesses, has signed an agreement to receive investment capital from the Chinese Overseas Consortium Development Company.  According to information provided by the P2P lender, this is the third funding round and values the company at over £20… Read More

July 27, 2016 @ 1:00 am By Spencer Li  |  

P2P platform focused on property collateral mortgage Hepan Finance received RMB 66M Series A Investment Founded in 2013, Hepan Finance is a P2P platform focused on providing operating capital to small businesses in the Shanghai area. Prior to launching the lending platform, the company’s experience, and… Read More

July 26, 2016 @ 12:56 pm By Erin Hobey  |  

Singapore-based crowdfunding platform Crowdo received its full Capital Market Services (CMS) license from the Monetary Authority of Singapore (MAS) for securities crowdfunding (SCF) to deliver P2P lending and equity crowdfunding, according to the platform’s blog, reportedly making Crowdo the first and only regional operator that can undertake licensed… Read More

July 26, 2016 @ 11:52 am By Erin Hobey  |  

News Corp VCCircle, Indian publisher of startup and private equity news, data and information, released News Corp VCCEdge India FinServ Insights related to funding in India’s Fintech sector, with a focus on segments of online personal finance and lending, reported BWDisrupt. News Corp VCCEdge, the financial… Read More

July 24, 2016 @ 6:08 pm By JD Alois  |  

Earlier this week, StartUpIsrael reported that 10 Australian startups from Fintech and cyber security are joining a Tel-Aviv accelerator program. Dave Sharma, Australia’s ambassador in Tel Aviv, told StartUpIsrael; “Australia is seeking to become a more innovative and entrepreneurial economy. We have been blessed with natural resources,… Read More

July 21, 2016 @ 2:02 pm By Erin Hobey  |  

Christchurch, New Zealand based agricultural technology company, CropLogic Limited, announced that it has successfully closed its crowdfunding campaign on Equitise and has appointed Ventnor Capital as Corporate Advisors, in preparation for the company’s anticipated listing on the Australian Securities Exchange (ASX). “I would like to thank all those… Read More

July 21, 2016 @ 1:48 pm By Erin Hobey  |  

Singapore-based P2P online lending platform Validus Capital has partnered with insurance provider EQ Insurance to offer investor protection on some of the financing it provides to small and medium-sized enterprises (SMEs), according to StraightTimes. Validus Capital claims to be the first platform in Singapore to provide investor insurance on its invoice financing services. “We… Read More

July 21, 2016 @ 11:30 am By Erin Hobey  |  

Fresh from its seed round, LenDenClub made good on its promise and has launched a new version of its P2P lending platform with features including end-to-end automation of lender-borrower transaction cycle from registration, document verification, credit analysis, transaction matching to report generation. An algorithmic-based program, built based… Read More

July 19, 2016 @ 10:52 pm By JD Alois  |  

This is one way to get the message across. According to a report in ECNS, 50 peer to peer lending executives were given a tour of the Qingpu prison in Shanghai.  The tour was described as a “scared straight” session. The concept of being “Scared… Read More

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