Tagged: asia

July 10, 2017 @ 11:27 am By Samantha Hurst  |  

China Rapid Finance announced on Monday it has exceeded 20 million cumulative loans facilitated since its marketplace lending platform launch. According to the lender, this new milestone demonstrates accelerating the growth of its consumer marketplace due to the fact that the number of facilitated loans… Read More

July 6, 2017 @ 6:49 am By Cole Lyons  |  

The Monetary Authority of Singapore (MAS) and has announced they have entered a Fintech agreement with the Danish Financial Supervisory Authority (Danish FSA). This new collaboration will allow companies in both Singapore and Denmark to expand into each other’s markets more fluidly. Over the past couple… Read More

July 1, 2017 @ 12:41 pm By Samantha Hurst  |  

Securities Commission Malaysia (SC) announced on Thursday it entered into an Innovation Cooperation Agreement with the Australian Securities and Investments Commission (ASIC) to further promote innovation in fintech services in their markets.  SC Chairman Tan Sri Ranjit Ajit Singh notably signed the agreement with the ASIC… Read More

June 27, 2017 @ 3:42 pm By Samantha Hurst  |  

Trulioo, an on-demand global identity verification company, announced on Tuesday it has extended its AML/KYC identity verification global footprint into Thailand. This news comes just a few months after the company expanded its solution into Korea. According to Trulioo, the extended coverage will also help… Read More

June 26, 2017 @ 3:04 pm By Samantha Hurst  |  

Cross-border payment platform Currencycloud announced on Monday it is teaming up with Hyundai Card to enable the launch of South Korea’s first mobile remittance service provided by a credit card company. The service will be established by Currencycloud and Hyundai Motor Group’s credit issuing arm… Read More

June 23, 2017 @ 2:59 pm By Samantha Hurst  |  

The Tokyo Metropolitan Government (TMG) announced on Friday it is set to invite foreign companies to participate in the upcoming FinTech Business Camp Tokyo event. It was revealed: “TMG is preparing a new plan which can be termed the ‘Financial System Reform in Tokyo —… Read More

June 22, 2017 @ 2:00 pm By Samantha Hurst  |  

AirAsia announced this week plans to launch its very own fintech platform later this fall. According to CEO, Tan Sri Tony Fernandes, the company is currently waiting for approval from Bank Negara Malaysia for the new program, which was named “The Big.” The new program… Read More

June 22, 2017 @ 8:59 am By Samantha Hurst  |  

Hong Kong-based credit insurance provider Atradius announced on Thursday the launch of its new digital fintech platform, Atrium. The company describes the portal as an innovative tool that provides customers and distribution partners with real-time data to better understand buyers, credit limits, and risks a… Read More

June 20, 2017 @ 12:11 pm By Samantha Hurst  |  

P2B lending operator Crowdo announced on Tuesday it has achieved full regulatory registration in Indonesia by the Indonesia Financial Regulator, Otoritas Jasa Keuangan (OJK). This news comes just a few months after the lender launched its securities crowdfunding platform at the Singapore Exchange (SGX) hosted… Read More

June 15, 2017 @ 8:11 am By Samantha Hurst  |  

Japan-based fintech firm QUOINE announced on Thursday it has launched a fully digital cryptocurrency exchange and trading platform. QRYPTOS is described as an exclusive cryptocurrency trading portal that was developed to meet the trading needs of the growing retail market and is designed to make… Read More

June 10, 2017 @ 10:15 am By Cole Lyons  |  

Sepaking at the recent WSJ D.Live Asia event in Hong Kong, Ping An CIO Jonathan Larsen said Ping An is launching a new fund to invest in early stage Fintech ranging from $10 million to $30 million, according to a report from Dow Jones (here)…. Read More

June 7, 2017 @ 9:48 pm By Cole Lyons  |  

CreditEase, a China based peer to peer lender and wealth management platform, has announced its plans to open a new office in the Asia Square Tower in Singapore. The CEO of CreditEase, Ning Tang, said at the opening ceremony: “After 11 years of development, CreditEase… Read More

May 16, 2017 @ 2:01 am By Jonathan Nieh  |  

As reported by Forbes today, Alibaba has invested in online invoice exchange marketplace Qupital, marking the Chinese e-commerce giant’s first foray into fintech investment in Hong Kong. Qupital raised a total of $2 million in its seed round. Accounts Receivable Marketplace Qupital bills itself as Hong Kong’s… Read More

May 14, 2017 @ 11:30 am By Jonathan Nieh  |  

According to an article in Bloomberg, Hong Kong-based financial investment and services firm, Sun Hung Kai & Co., intends to expand its principal investments portfolio to over US $2 billion with an emphasis on investing in fintech. The firm currently has about US $1.4 billion… Read More

May 11, 2017 @ 2:24 pm By Samantha Hurst  |  

On Thursday, peer-to-peer lender China Rapid Finance (NYSE: XRF) that the underwriters of its previously announced initial public offering (IPO) have exercised in full the option to purchase an additional 1.5 million American depositary shares (“ADSs”) from China Rapid Finance to cover over-allotments. According to… Read More

May 1, 2017 @ 7:20 am By Samantha Hurst  |  

Peer-to-peer lender China Rapid Finance announced on Friday the pricing of its initial public offering (IPO) for 10 million American depositary shares (ADS). The company revealed each ADS was priced at $6.00,  with a total offering size of US$60 million. According to the Asian online lender, each… Read More

April 26, 2017 @ 12:05 pm By Samantha Hurst  |  

Blockchain tech company, Humaniq, announced on Tuesday it has officially formed a new cryptocurrency partnership with BOScoin. with South Korean cryptocurrency platform, BOScoin. The partnership will allow both companies to share strategy resources in technology while BOScoin will support Humaniq’s Asia expansion and Humaniq will support BOScoin’s… Read More

April 19, 2017 @ 10:37 am By Samantha Hurst  |  

On Tuesday, Pi Capital announced it was named financial advisor and placement agent to Money360 for its $250 million South Korean financing vehicle, which designed to allow the online lender to employ funding as it provides commercial real estate loans to its U.S. client base. Steve Carlson,… Read More

April 8, 2017 @ 4:34 pm By Jonathan Nieh  |  

Only a few weeks since the SEC denied two separate bitcoin ETF applications, there may be some good news coming out of Japan for supporters of Bitcoin. On April 1, a new law went into effect in Japan allowing for the country’s first officially recognized… Read More

April 5, 2017 @ 11:42 am By Samantha Hurst  |  

Business commerce platform Tradeshift announced on Wednesday it has partnered with Chinese peer-to-peer lender CreditEase to launch a trade financing app, which is aiming to bring low-cost financing to millions of businesses in China. According to Tradeshift, the goal of this partnership is to help solve… Read More