Tagged: asia

August 7, 2016 @ 9:49 pm By JD Alois  |  

Below is a report that was forwarded to Crowdfund Insider a few weeks back outlining the crowdfunding market in Taiwan.  As we published recently, investment crowdfunding has been slow to take off but rewards based crowdfunding has apparently generated decent traction. If the regulators get… Read More

August 5, 2016 @ 11:46 am By JD Alois  |  

Earlier this week PwC (under the DeNovo label) published a wide-ranging report on the evolution of Fintech. The document was the production of many PwC executives covering topics like blockchain, payments, banking and the overall transformation of financial services. In one respect the report is… Read More

August 5, 2016 @ 8:05 am By JD Alois  |  

Singapore-based peer to peer lender Silver Bullion has shared an update following one year of operation. While Silver Bullion has been in operation since 2009 the company only starting offering secured lending in 2015. Silver Bullion was founded by Gregor Gregersen. Originally from Germany, prior… Read More

August 4, 2016 @ 12:28 am By JD Alois  |  

Funding Societies, a Singapore-based “peer to business” lending marketplace, has raised a respectable S$ 10 million in a Series A funding round.  The investment was led by Sequoia India, part of the legendary Sequoia VC group. Funding Societies believes this is the largest investment in… Read More

August 3, 2016 @ 10:45 am By JD Alois  |  

China is the largest Fintech market in the world. This is due in part to the fact that China has a population that is north of 1.3 billion and economically is first in GDP (PPP) at over $20 trillion. But it is also due to… Read More

August 3, 2016 @ 9:32 am By JD Alois  |  

Tun Abdullah Badawi, the former Prime Minister of Malaysia, has launched the Waqf (Islamic Endowment) crowdfunding platform or WaqfWorld.  Described as the “worlds first” the new platform was announced at the 12th World Islamic Economic Foundation Forum (WIEF) held in Jakarta this past week The… Read More

August 2, 2016 @ 2:32 pm By JD Alois  |  

According to multiple reports, Chinese peer to peer lending platforms are failing to meet the minimum standards being applied by the various government agencies tasked with regulated the online lenders. This does not mean ALL the P2P lenders are receiving failing grades. There are many… Read More

August 1, 2016 @ 9:07 am By JD Alois  |  

The Monetary Authority of Singapore (MAS) and the Association of Banks in Singapore (ABS) are joining together on the Fintech Awards to be presented at the inaugural Singapore Fintech Festival scheduled for November 2016. Singapore is staking a claim in the Fintech sector and view… Read More

July 30, 2016 @ 3:30 pm By Chen Hungyi  |  

As of July 2016, there are three equity-crowdfunding platforms in Taiwan, including Startup Shares, eFUN, and Crowdfund Masterlink. According to equity crowdfunding regulations in Taiwan, it is necessary to apply for a securities broker license. However, if the securities broker operates only an equity crowdfunding… Read More

July 29, 2016 @ 7:44 am By JD Alois  |  

Money&Co., a peer to peer lender targeting small businesses, has signed an agreement to receive investment capital from the Chinese Overseas Consortium Development Company.  According to information provided by the P2P lender, this is the third funding round and values the company at over £20… Read More

July 27, 2016 @ 1:00 am By Spencer Li  |  

P2P platform focused on property collateral mortgage Hepan Finance received RMB 66M Series A Investment Founded in 2013, Hepan Finance is a P2P platform focused on providing operating capital to small businesses in the Shanghai area. Prior to launching the lending platform, the company’s experience, and… Read More

July 19, 2016 @ 10:52 pm By JD Alois  |  

This is one way to get the message across. According to a report in ECNS, 50 peer to peer lending executives were given a tour of the Qingpu prison in Shanghai.  The tour was described as a “scared straight” session. The concept of being “Scared… Read More

July 18, 2016 @ 11:01 pm By JD Alois  |  

One of the biggest challenges for online lending firms in China is the lack of credit data for prospective borrowers. As Chinese regulators tighten up the peer to peer lending sector, Fintech providers are moving in to help improve the service. ZestFinance is one of… Read More

July 17, 2016 @ 6:00 pm By JD Alois  |  

FundedHere, a licensed crowdfunding platform based in Singapore that targets start-ups in Southeast Asia and Greater China, has announced it will be assisting SGX listed companies to raise capital via short-term bonds of up to S$5 million each.  FundedHere was the first crowdfunding platform to… Read More

July 14, 2016 @ 11:21 am By Erin Hobey  |  

British fintech company XNTree, member of the European fintech accelerator Level39, will set up shop in Seoul’s Yeouido financial district, according to Pulse. A celebration of the announcement coincided with the Seoul Global Fintech Demo Day event on 19 June.  XNTree and Maekyung Media Group have partnered to support Korean… Read More

July 13, 2016 @ 3:21 pm By JD Alois  |  

During the first six months of 2016, at least 264 peer to peer lending platforms were shut down in China. This is a direct reaction to the tightening grip of Chinese regulators.  The report published in ECNS, states that even tougher oversight is in store… Read More

July 12, 2016 @ 8:32 pm By Brock Murray  |  

The Monetary Authority of Singapore (MAS) makes its move after public consultations to provide industry direction and safeguards for retail investors. Investment crowdfunding platforms that offer debt or equity opportunities will now have to obtain a license to operate. While many may dispute the pros… Read More

July 12, 2016 @ 10:57 am By JD Alois  |  

Cloud Lending Solutions and Fujitsu have signed a Memorandum of Understanding (MOU) on a new partnership to provide services in Japan and other ASEAN countries. The arrangement is pretty significant for Cloud Lending as it provides an established partner to promote and develop online banking… Read More

July 11, 2016 @ 9:12 am By Samantha Hurst  |  

Following the success of the third Expo for Property, Investing & Crowdfunding (EPIC) event in Singapore, crowdfunding platform CoAssets announced plans to host a stage inaugural EPIC event in Fuzhou, China. EPIC is described as a 1-day event that informs SMEs and startups on financing option and… Read More

July 10, 2016 @ 10:08 am By JD Alois  |  

The number of corporate accelerators has grown dramatically in recent years with Fintech playing a central role. Corporate accelerators now number 131 globally with 13 launching this year. But this number represents a dramatic slow down versus last year when 46 accelerators launched. This is… Read More