Tagged: asia

November 3, 2016 @ 8:12 am By JD Alois  |  

Malaysia’s EthisKapital has claimed the world’s first licensed Islamic P2P/Crowdfunding platform. The Securities Commission Malaysia awarded six peer to peer licenses, one of which is the world’s first license for Shari’ah-compliant P2P finance. EthisKapital will be focused on funding small businesses and real estate development projects…. Read More

November 2, 2016 @ 11:28 am By Xu Gao  |  

In Response to Lending Cap Regulations, More & More Chinese P2P Platforms Start to Transfer to Financial Asset Exchanges In August, the China Banking Regulatory Commission (CBRC) issued rules for the online lending industry and set lending caps for both individual and business peer to… Read More

November 1, 2016 @ 2:45 pm By Samantha Hurst  |  

Alibaba’s financial affiliate Ant Financial has reportedly invested in and has formed a strategic partnership with Thailand-based fintech company, Ascend Money. This news comes just a few months after the company previously planned to acquire 20% in Ascend Money. According to CNBC, the companies revealed that… Read More

October 30, 2016 @ 7:48 pm By JD Alois  |  

Wangdaizhijia (or wdzj.com), an alternative finance news and data platform in China, has published two interesting reports on the state of internet finance in the largest altfi market in the world. The first document focuses on peer to peer lending. The second publication is on… Read More

October 26, 2016 @ 9:37 am By Xu Gao  |  

China Blockchain Development Forum Established in Beijing On October 18th, the China Blockchain Development Forum and first developer conference opened in Beijing. Apart from launching a white paper about blockchain technology and application, the forum is also aimed at standardizing the development process and creating… Read More

October 24, 2016 @ 4:42 pm By Samantha Hurst  |  

Mizuho Bank recently announced the opening of its innovation center, which will be located in the Fintech Center of Tokyo Finolab. The company stated the center would be jointly operated by Mitsubishi Estate Co., Ltd., Dentsu Inc., and Information Services International–Dentsu, Ltd. Mizuho reported that… Read More

October 21, 2016 @ 8:07 am By JD Alois  |  

Irish born but Asia based, First Circle has received $1.2 million in seed funding led by Key Capital and IMJ Investment Partners.  The online lender is targeting SME in the Philippines first but plans on expanding across Southeast Asia. Speaking with Businessworld.ie, Patrick Lynch, the… Read More

October 21, 2016 @ 2:00 am By JD Alois  |  

2016 is the Year of Fintech in Hong Kong Hong Kong is on the growing list of countries that see Fintech as strategically important for their regional economy and global competitiveness. This past week, in a speech delivered in New York City, Hong Kong Financial… Read More

October 19, 2016 @ 11:16 am By JD Alois  |  

This past weekend, Crowdfund Insider reported that China government officials published a list of restrictions for peer to peer lenders. These were largely a rehash of previously revealed regulations directed towards internet finance and more specifically peer to peer lending. But the Chinese government is… Read More

October 18, 2016 @ 10:38 am By Xu Gao  |  

CreditEase is Confronted with Another Tuition Loan Fraud Earlier this month, Chinese p2p lending platform CreditEase was confronted with another tuition loan fraud. TOEIC English, a TOEFL training institution which launched a collaborative tuition loan product with CreditEase, was found shuttered with no reason. Students… Read More

October 17, 2016 @ 11:47 am By JD Alois  |  

Hong Kong-based SuperCharger FinTech Accelerator has renewed its partnership with Hong Kong Exchange and Clearing (HKEX). For a second consecutive year, HKEX has established its supporting organization status behind one of Asia’s leading Fintech accelerators. The partnership will also provide SuperCharger finalists with mentors from… Read More

October 16, 2016 @ 12:00 pm By JD Alois  |  

The evolving Chinese peer to peer lending sector took another twist in the regulatory path, as the government issued a special work plan this past week. According to ECNS, the plan incorporated a list of restrictions for P2P lenders to help curb investor and borrower… Read More

October 11, 2016 @ 7:38 am By JD Alois  |  

LendIt, a global conference and events organizer established by Jason Jones, Peter Renton and Bo Brustkern, has announced a strategic partnership with AMTD Group Limited (AMTD). LendIt released the news during its annual LendIt Europe conference taking place in London today. AMTD and LendIt had previously partnered… Read More

October 10, 2016 @ 11:25 pm By Pawee Jenneeranon  |  

The Peer-to-Peer Lending Industry in Thailand Peer-to-peer lending, which is also known as social lending or crowdlending, has drastically increased in the recent years in many countries around the world. The total volume of peer-to-peer lending activities has been growing rapidly. A good example is… Read More

October 10, 2016 @ 12:20 pm By Xu Gao  |  

PowerEgg Drone: Most crowdfunded campaign in the drone industry ever! Up to 30th September, 2016, PowerEgg Drone from PowerVision has raised more than ¥86.3 million (USD $12.87 million), becoming the most funded campaign on JD.com’s crowdfunding platform. The previous record belonged to Niu.com which raised… Read More

October 5, 2016 @ 12:30 pm By Xu Gao  |  

CIRC strengthens regulation towards internet finance It is reported that many local insurance companies have received notices from regulatory authorities, asking them to do a self-examination towards risk of collaboration with internet finance platform. Yet, some insurance companies in Shanghai believed this notice as a… Read More

October 4, 2016 @ 8:09 am By JD Alois  |  

Global law firm Baker & McKenzie will be supporting Hong Kong-based SuperCharger Fintech Accelerators 2.0. Baker & McKenzie is very active in China with offices in Hong Kong, Beijing, and Shanghai. Baker & McKenzie was previously a supporter of SuperCharger FinTech Accelerator 1.0 – the… Read More

September 30, 2016 @ 3:02 pm By Samantha Hurst  |  

Earlier this week, Söderlund International’s HUONE Hotel finished its equity crowdfunding run on Invesdor. The Helsinki-based firm secured €565,794 for the meeting and event hotel’s new Singapore location. To date, the HUONE Hotel has won a total of six awards, which includes Best Event Venue in Finland… Read More

September 27, 2016 @ 2:00 pm By Xu Gao  |  

  Baidu FSG launches mobile foreign exchange service Baidu FSG recently announced the launch of mobile foreign exchange service. Users of Baidu Wallet in Canada, Italy, Japan and Philippine could use this service to exchange small foreign change into targeted currency category. It is said… Read More

September 23, 2016 @ 11:03 am By JD Alois  |  

Lufax, one of China’s largest peer to peer lending platforms, is preparing for its long-awaited IPO. This is according to a report in Reuters that stated the IPO could raise $5 billion. At the last funding round, Lufax captured a valuation topping $18 billion.  China… Read More