Tagged: asia

PINTEC-Backed Avatec to Participate in Indonesia’s Digital Financial Innovation Sandbox Program

Pintec Technology Holdings Ltd. (PINTEC; Nasdaq: PT), an independent platform enabling financial services in China, announced on Monday PT. Avatec Services Indonesia (Avatec Indonesia), a wholly-owned subsidiary of Avatec.ai (S) Pte. Ltd (Avatec), has been approved by the Indonesian regulator to be a credit scoring… Read More

Hong Kong SME Financing Platform Qupital Secures $15 Million Through Series A Funding Round For Greater China Expansion

Qupital, a Hong Kong-based trade finance platform, announced on Wednesday it secured $15 million through its Series A investment round, which was led by CreditEase FinTech Investment Fund (CEFIF) with additional capital injections from the Alibaba Hong Kong Entrepreneurs fund and MindWorks Ventures. Qupital reported that it… Read More

SE Asian Fintech Akulaku Set to Acquire Indonesian Lending Bank Yudha Bhakti For Rp 158 Billion

Akulaku, a SE Asia-based fintech, is reportedly set to acquire Indonesian lending bank Yudha Bhakti for Rp 158 Billion ($11 million). Founded in 2016, Akulaku is a fintech company that is focused on providing financial services to the underserved. The company has established offices in five countries/regions,… Read More

Chinese Crypto Exchange CoinAll Launches New-User Campaign For Expand Community

Chinese cryptocurrency exchange CoinAll announced on Thursday the launch of a new user campaign which will last a month and features a 10,000 USDT bonus pool. It was revealed that users who complete the two-task mission will have a chance to share in the bonus.  According to CoinAll,… Read More

Asian Blockchain Information Platform CoinNess Compelts Series A Funding Round led by Chinese Venture Capital ShunWei Capital, QF Capital, & FreesFund

CoinNess, an Asian cryptocurrency and blockchain information provider, announced on Monday it closed its Series A round funding calculated in millions of dollars, led by Chinese leading venture capital ShunWei Capital, QF Capital, and FreesFund. Speaking about the investment, Peter TAN, CEO of CoinNess, stated:… Read More

PINTEC Forms New Partnership With China UMS For Customized & Digital Lending Solutions For SME Financing

Chinese fintech Pintec Technology Holdings Limited (PINTEC) announced on Friday it has formed a partnership with China UnionPay Merchant Services Co., Ltd. (China UMS) to develop customized and efficient digital lending solutions to serve small and micro-sized enterprises (SMEs).  PINTEC reported that it will cooperate… Read More

U.S. Blockchain Trading Platform Bittrex Lists Crypto.com Chain Token on International Exchange

Crypto.com, a Hong Kong-based payments and cryptocurrency platform, announced on Friday its Crypto.com Chain Token (CRO) has been listed on Bittrex International, an international exchange by a premier U.S.-based blockchain trading platform Bittrex. According to Crypto.com, the Crypto.com Chain is a “high-performing” native blockchain powering… Read More

Securitize Expansion: Opens New Offices in NYC & London; Announces Asia Services

Securitize, a platform that facilitates security token offerings, announced last week it has opened new offices in NYC and London, as well as expanded its services into Asia. As previously reported, Securitize describes itself as a compliance platform and protocol for issuing and managing digital… Read More

Thailand Insurtech Startup Sunday Secures $10 Million Through Series A Funding Round

Sunday, a Thailand-based insurtech startup, announced on Monday it secured $10 million through its Series A funding round, which was led by global investor network Vertex Ventures SEA and India. Founded in 2017, Sunday is a fully-integrated sales and services InsurTech that uses artificial intelligence and digital… Read More

DollarsandSense Acquires Singapore Fintech Startup fundMyLife

Personal finance media platform DollarsandSense.sg has acquired the Singapore-based fintech startup, fundMyLife, Reuters has reported. Founded in 2017, fundMyLife describes itself as a platform that intelligently connects consumers with financial advisers based on the financial planning questions that they ask. “fundMyLife connects your financial planning questions to the… Read More

Beehive Forms New Partnership With Thanachart Bank to Launch SME Financing Program in Asia

Peer to peer lender Beehive announced on Saturday it has formed a partnership with Thanachart Bank to launch a new SME value chain financing program in Asia. Beehive reported this was its first bank collaboration in Asia and the digitalized supply chain will provide improved liquidity… Read More

Hang Seng Bank Forms Strategic Alliance with Hong Kong Science and Technology Parks Corporation to Offer New Opportunities For Fintech Companies

Hang Seng Bank (Hang Seng) and Hong Kong Science and Technology Parks Corporation (HKSTP) announced on Thursday they have formed a strategic partnership to accelerate the development and deployment of fintech solutions for the banking sector in Hong Kong. The duo reported that under the partnership they… Read More

Binance Partners With Simplex to Allow Users to Purchase Cryptocurrencies With Credit Cards

Cryptocurrency exchange, Binance announced on Thursday it has teamed up with payment processing company Simplex to enable users to buy cryptocurrencies with their credit cards directly on its platform. Binance reported that through Simplex its users may now use Visa and MasterCard to buy BTC, ETH, and LTC cryptocurrencies. Users… Read More

Tencent Signs MoU With Hong Kong Science and Technology Parks Corporation to Accelerate R&D development & deployment of Fintech

Hong Kong Science and Technology Parks Corporation (HKSTP) announced on Tuesday it signed a Memorandum of Understanding (MoU) with Tencent to accelerate the R&D development and deployment of Fintech in Hong Kong by using Tencent’s revolutionary and advanced technology capabilities with HKSTP’s infrastructure and vibrant innovation… Read More

Terra Unites with Fantom to Accelerate Mainstream Stablecoin Adoption

Terra, a project building the next-generation payment system based in Singapore and Korea,  has partnered with South Korean based Fantom, a DAG-based smart contract platform for real-time cryptocurrency payments, to accelerate the mainstream adoption of its stablecoin. Terra and its alliance of eCommerce partners will… Read More

Asia-Pacific Fintech Network Debuts: Seeks to Encourage Cross-Border Innovation

Asia-Pacific Fintech Network, a new network created by fintech associations from across the Asia-Pacific region, has officially launched to encourage cross-border innovation. The organization was created by nine associations that signed a Statement of Intent at the Asian Financial Forum event in Hong Kong.  The participants… Read More

Mitsubishi UFJ Financial Group Announces The Launch of Fintech Fund

Fintech

Mitsubishi UFJ Financial Group (MUFG), one of the largest financial institutions in the world, announced on Friday the establishment of MUFG Innovation Partners Co., Ltd. (MUIP), which will manage corporate venture capital funds of MUFG to accelerate open innovation and strengthening partnerships with fintech related… Read More

CoinNess Announces Platform Token “CNNS”

CoinNess, an Asian cryptocurrency and blockchain information provider, announced on Wednesday the unveiling of its platform token, CNNS. The company revealed: “The recent CNNS airdrop on Telegram was a tremendous success and attracted support from numerous exchanges and blockchain projects. Within two weeks, over 150,000… Read More

Japanese Banking Group Mizuho to Launch Digital Currency in 2019

Japan’s Mizuho Financial Group is reportedly planning to introduce its very own digital currency, which will be used for shopping and remitted at no cost, sometime in 2019. According to Asian media website, Nikkei, Mizuho will reportedly allow retail shops using the currency to change… Read More

PINTEC Forms New Partnership With Fullerton Financial to Expand Lending Business in China

Chinese fintech Pintec Technology Holdings Limited (PINTEC) announced on Tuesday it has formed a partnership with Fullerton Credit (FC) to expand digital lending solutions to the Chinese market.  According to PINTEC, FC provides operating and consumer loans for individuals, micro businesses and SMEs, with total cumulative loans disbursed exceeding more… Read More

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