Tagged: asia

Chinese P2P Lender Hexindai Announces Equity Stake Acquisition in Indonesian Online Lending Platform Musketeer

Chinese peer-to-peer lending platform Hexindai (NASDAQ:HX) announced on Tuesday it has entered into definitive agreements to acquire a 20% equity stake in Musketeer Group Inc., an Indonesian online lending platform that offers consumption installment loans, for approximately $1.6 million, and simultaneously completed the acquisition.  As… Read More

Chinese Insurtech ZhongAn Technology Launches One-Stop Claims Service e-Platform For Insurers

Chinese insurtech ZhongAn Online P & C Insurance Co., Ltd. recently announced its wholly-owned subsidiary ZhongAn Technology has launched its Software-as-a-Service (SaaS) platform, ZhongAn Technology Intelligent Open Platform for Insurers, with AXA Tianping, a foreign property and casualty insurance company. According to ZhongAn,  the new platform… Read More

Cryptocurrency Exchange KuCoin Launches Institutional Investor Program

Asian cryptocurrency exchange KuCoin recently announced the launch of its new institutional investor program. According to KuCoin, the program was created in order to encourage institutional investors on its platform participate more actively in trading activities. The exchange describes institutional investors as those that participate in… Read More

InstaReM Appoints Nilesh Pathak As New Chief Technology Officer

InstaReM, a Southeast Asia’s digital cross-border money transfer service provider, announced on Friday it has appointed Nilesh Pathak as its new Chief Technology Officer. Pathak will reportedly lead the company’s technology team, divided between India and Lithuania, driving the firm’s technology strategy, architecture, development as… Read More

Hexindai Further Strengthens Risk Control to Better Protect Investors

Hexindai (NASDAQ:HX), a China-based peer to peer lender, announced on Friday it has further strengthened its risk control system to better protect investors throughout the entire process of borrower acquisition, risk-based pricing, post-loan management, and default risk coverage through its new comprehensive, stable and efficient asset… Read More

Paytm Announces Acquisition of Management Startup Balance.Tech

India-based mobile wallet service provider Paytm announced on Wednesday it has acquired management startup Balance.Tech. Founded in 2010, Paytm claims to be India’s largest mobile payment and commerce platform. It offers a full marketplace for consumers through its mobile apps. The company’s investors include investors include… Read More

LATTICE80 Announces Plans to Launch Crypto Asia Index

Fintech hub LATTICE80 announced on Monday it is launching Crypto Asia Index in order to help institutions and Asian retail investors. According to the hub, the LATTICE80 Crypto Asia Index (Beta version) will be offered to registered users first and structured model portfolio will be offered through… Read More

DBS Launches Southeast Asia Bank-Led Property Marketplace

DBS announced on Tuesday the launch of Southeast Asia’s largest bank-led property marketplace. DBS claims it is also the first bank in the region to launch an online property marketplace that offers listings from both agents and owners. According to DBS, the DBS Property Marketplace… Read More

Trulioo Now Offering Instant Identity Verification in The Philippines

Trulioo, an on-demand global identity verification company, announced on Tuesday it is launching its instant identity verification services in The Philippines through its GlobalGateway platform. This news comes less than a month after the company expanded its AML/KYC identity verification global footprint into Thailand. According to Trulioo, GlobalGateway… Read More

Asia Fintech Innovation Hub Stone & Chalk Launches New Mega Hub

Asian fintech innovation hub, Stone & Chalk, announced this week it is uniting fintech across the eastern seaboard with the launch of a new national capability, known as a mega hub, across its new home at the Goods Shed North in the heart of Melbourne’s… Read More

Australian Global Payments Provider Verrency Continues Expansion By Appointing Asia & Middle East Commercial Director

Australian global payments provider Verrency announced on Tuesday is continuing to grow its global footprint, appointing Aaron Oliver as Commercial Director for Asia and the Middle East, based in Singapore. Founded in 2016, Verrency states its payments API platform has been designed to enable financial institutions to innovate more efficiently and effectively through a… Read More

CreditEase Wealth Management Named Winner at Asiamoney’s Annual Awards

CreditEase Wealth Management announced on Friday it won “Best Wealth Management Firm of the Year” and “Best Wealth Manager for Fund of Funds” at the Asiamoney Annual Awards. Last year, Asiamoney reportedly began selecting nonbank wealth management institutions for their “Excellence in Chinese Wealth Management” award and… Read More

LATTICE80 Partners With SuperCharger to Create Singapore & Hong Kong Fintech Bridge

LATTICE80 announced on Thursday it has teamed up with fintech accelerator SuperCharger to establish a bridge between the Fintech ecosystems in Singapore and Hong Kong. According to LATTICE80, The partnership will allow Fintech startups in both the markets to benefit from a shared network for expansion and… Read More

AlipayHK Teams Up With GCash to Launch Cross-Border Remittance Service

AlipayHK and GCash today announced on Monday the launch of a cross-border remittance service through their e-wallet platforms. The new service is reportedly powered by cutting-edge blockchain technology developed by Alipay, an online payment platform that’s operated by Ant Financial Services Group. Both companies claimed that… Read More

Chinese Fintech PINTEC Launches Installment Financing on E-Commerce Platforms

Chinese fintech Pintec Technology Holdings Limited (PINTEC) announced on Wednesday it has launched installment financing on its e-commerce platforms. This news comes just a couple of weeks after PINTEC secured $103 million through its latest financing round, which as led by Mandra Capital and SINA Corp…. Read More

Standard Chartered Announces Plans to Apply For Virtual Banking License in Hong Kong

Standard Chartered recently announced it is planning to apply for a virtual banking license in Hong Kong. According to South China Morning Post, Standard Chartered will be the first traditional bank to seek the license locally to operate fully online without any physical branches. Standard… Read More

Alibaba’s Ant Financial Secures Approximately $14 Billion Through Series C Equity Financing Round to Accelerate Globalization & Technology Innovation

Chinese fintech and Alibaba-affiliated Ant Financial Service Group announced on Friday it secured approximately $14 billion through its Series C Equity Funding round, which includes an RMB tranche raised by the company from domestic investors and a USD tranche raised by Ant international Co., Limited, a wholly… Read More

Currencycloud Launches South Korea Remittance Service

Cross-border payment platform Currencycloud announced on Thursday it has launched remittance service in South Korea. This news comes nearly one year after forming a partnership with South Korean credit card company, Hyundai Card. According to the company, this news builds on its momentum in Asia-Pacific, with… Read More

Chinese Fintech PINTEC Secures $103 Million Investment; Forms Strategic Partnership With SINA

Chinese fintech Pintec Technology Holdings Limited (PINTEC) announced on Tuesday it has secured $103 million through a financing investment round, which was led by Mandra Capital and SINA Corp. with participation from STI Financial Group, Shunwei Capital Partners, and ZHONG Capital Holding Group. The company… Read More

SoftBank Reveals Third Round SoftBank Innovation Program Winners

SoftBank Corp. announced on Thursday results for the third round of its SoftBank Innovation Program, which is a program that seeks a wide range of innovative solutions and technologies from around the world to consider for commercialization. SoftBank reported it will tie up with eight companies… Read More