Tagged: asia

November 28, 2016 @ 9:53 pm By JD Alois  |  

Singapore-based FundedHere is listing S$2 million worth short term crowdfunded bonds (ListCo Bonds) for Metech International (SGX:QG1 – MeTech).  This past July, FundedHere announced its intent to help SGX listed companies sell bonds to raise capital. MeTech is now the first company to leverage this funding… Read More

November 28, 2016 @ 9:48 am By JD Alois  |  

Singapore based SmartFunding has received S$700,000 (about USD$ 500,000) in seed funding. The round was led by Fintech Asia Group, part of listed venture firm Fatfish Internet Group (ASX: FFG). The “peer to business” platform was set up to bridge the financing gap for SMEs to… Read More

November 28, 2016 @ 7:43 am By JD Alois  |  

OurCrowd, a global leader in investment crowdfunding, has announced the official opening of its office in Singapore. The new office will help OurCrowd expand its operations across Asia by connecting Asian investors will promising early stage companies from around the world. OurCrowd also announced the… Read More

November 27, 2016 @ 7:08 pm By JD Alois  |  

Coinciding with the inaugural Singapore Fintech Festival, BNY Mellon opened its 8th “innovation center” in recognition of the growing dominance of Singapore in the Fintech race. The opening was announced earlier this month when Stephen Lackey, Chairman of Asia Pacific for BNY Mellon, explained; “The opening… Read More

November 24, 2016 @ 11:00 am By Jessica Pham  |  

Alternative finance startup OpenTap is aiming to disrupt an environment where many creditworthy borrowers do not have access to short-term personal loans from the traditional financial services sector.  Founded in 2015, OpenTap is based in Chennai, India and seeks to grant access to short-term credit for… Read More

November 24, 2016 @ 10:00 am By Jessica Pham  |  

Bank Indonesia (BI) in Jakarta announced last week the opening of its Fintech office, which will aim to evaluate existing and conduct research on new fintech models, products, and services.  The office not only allows the central bank to maintain its risk management and consumer protection… Read More

November 23, 2016 @ 7:58 am By Xu Gao  |  

JD Finance Has Been Carved Out of JD.COM On November 15th, JD.COM announced it would transfer/sell all the shares it held in JD Finance. In other words, JD.COM will no longer be the legitimate owner of JD Finance. This corporate reorganization was said to make… Read More

November 21, 2016 @ 9:39 am By JD Alois  |  

Singapore is on a mission to become the global leader in Fintech innovation. From fast-tracking the creation of a regulatory Sandbox to launching the largest Fintech hub in the world, Singapore envisions a world-leading ecosystem – not just a regional hub. As part of the… Read More

November 20, 2016 @ 12:07 pm By Jihoon Yeon  |  

The Amendments to the Financial Investment Services and Capital Markets Act (the Capital Markets Act) passed the South Korean Parliament in July 2015 and went into effect on January 25th, 2016, laying the framework for investment crowdfunding in South Korea. The adoption of investment crowdfunding… Read More

November 20, 2016 @ 9:03 am By JD Alois  |  

The Korea Exchange (KRX) has launched the Korea Startup Market (KSM) a service that provides a marketplace where the shares of early stage companies can be traded in the public market. As part of the launch, the KSM is utilizing the technology of Korean blockchain startup… Read More

November 19, 2016 @ 5:06 pm By Jessica Pham  |  

Accenture recently highlighted that Fintech investments in the Asia-Pacific region have accelerated over the past six years, growing from $103 million in 2010 to nearly $10.5 billion by the end of September 2016. Fintech investments in Asia are outpacing those in Europe and the U.S…. Read More

November 18, 2016 @ 5:06 pm By JD Alois  |  

OurCrowd’s co-founder and CEO Jon Medved is one of the most vocal advocates in the investment crowdfunding sector.  Medved has created one of the most prominent funding marketplaces, eschewing borders and definitions to raise capital for promising early stage companies around the globe. A best… Read More

November 16, 2016 @ 11:31 am By Xu Gao  |  

AliPay Offers New Functions for Single Users. Earlier this month, some AliPay users discovered a new online dating function on home page of  the AliPay app (Above 9.9 Version). According to some reports, users received invitation for this beta function. The users will have to… Read More

November 15, 2016 @ 9:40 am By Samantha Hurst  |  

Lufax, one of China’s largest peer to peer lending platforms, has announced plans to expand into both Hong Kong and Singapore. This news comes less than two months after the lender announced preparations for its Hong Kong Listing and IPO. Lufax Chairman and CEO, Gregory… Read More

November 15, 2016 @ 8:49 am By Samantha Hurst  |  

Marketplace lending platform, China Rapid Finance, announced on Tuesday it has formed partnerships with two financial institutions, China United SME Guarantee Corp. (Sino Guarantee) and Bank of Shanghai. The lender stated Sino Guarantee would provide ongoing lending capital for loans that will originate on its platform, with… Read More

November 14, 2016 @ 10:49 am By Samantha Hurst  |  

Following the launch of its equity crowdfunding campaign on Crowdcube, UK-based creative technology and visual content agency, Happy Finish, announced on Monday it is expanding its virtual reality (VR) and augmented reality (AR) operations in Asia. The company revealed it intends to maximize the growth development of the… Read More

November 14, 2016 @ 8:20 am By JD Alois  |  

The very first Singapore Fintech Festival kicked off today with important support from the Singapore government. Both the Monetary Authority of Singapore (MAS) and the Association of Banks in Singapore (ABS) partnered on launching the inaugural event.  The week long Fintech gathering expects to have… Read More

November 12, 2016 @ 12:31 pm By Samantha Hurst  |  

Privately held investment firm Senjō Group announced on Friday it is set to support and co-sponsor Next Money’s Fintech Finals 2017 (FF17). The company revealed it will also be organizing partner alongside InvestHK and Startmeup.HK. Next Money is described as a global fintech community that fosters the… Read More

November 11, 2016 @ 1:47 pm By Samantha Hurst  |  

Toast, a Singapore fintech startup, has reportedly secured $1.5 million during a pre-Series A funding round, which was led by Aetius Capital with participation from 1776 and Pepper Group. Toast is described as a peer-to-peer money transform application that allows Filipino users in Hong Kong… Read More

November 11, 2016 @ 8:07 am By JD Alois  |  

MoolahSense , a P2P lender, has received a full Capital Markets Services (CMS) license from the Monetary Authority of Singapore (MAS).  The CMS license, issued today, was for “dealing in securities”.  MoolahSense reports that is is the “first marketplace lending platform in Singapore to be granted… Read More