Tagged: asia

June 20, 2016 @ 12:37 pm By JD Alois  |  

  If there is one area of crowdfunding where we consistently hear about unfilled, robust demand, it is Asian money looking to invest in high-quality real estate beyond the borders of their native country. While some real estate markets may be getting a bit hot,… Read More

June 18, 2016 @ 3:42 pm By JD Alois  |  

The Singapore Fintech Consortium and the Fintech Center of Korea, have signed a memorandum of understanding (MOU) to work more closely in support of emerging technology in the financial sector. The Singapore group posted a brief statement on the arrangement; We are pleased to sign… Read More

June 16, 2016 @ 7:06 pm By Spencer Li  |  

Auto financing P2P platform Weidai.com received RMB 1 billion Series C Investment Founded in 2011, Weidai.com is China’s first and largest specialty P2P platform that focuses on providing secured automobile loans. It also provides used car financing services through partnerships with used car marketplaces. The company… Read More

June 16, 2016 @ 9:33 am By Oscar Jofre  |  

I’ve been in Shanghai and Hong Kong quite often over the last few months, speaking at events and meeting with partners. As a Canadian, what struck me most is scale. There is outstanding potential here, and that in itself isn’t at all surprising; but for… Read More

June 14, 2016 @ 7:50 am By Karmei Tse  |  

This is interesting. The Monetary Authority of Singapore (MAS), a typically conservative government agency, has just released its proposal regarding raising capital online, including a guide on General Solicitation with examples for restricted and unrestricted platforms.  MAS has waved its digital wand over the private… Read More

June 9, 2016 @ 7:20 am By Samantha Hurst  |  

On Wednesday (June 8), the Monetary Authority of Singapore (MAS) announced it is revamping the country’s crowdfunding industry by offering new ways for small and medium enterprises (SMEs) to gain access to funds through securities-based crowdfunding (SCF) platforms easier. MAS stated in a press release it… Read More

June 8, 2016 @ 9:51 am By Erly Witoyo  |  

The spirit of entrepreneurship has always been a part of Islam. Nine out of ten companions of Prophet Muhammad (pbuh) who were guaranteed heaven were businessmen. Today, entrepreneurs continue to be a driving force of the economy. The lack of financial support for small and… Read More

June 7, 2016 @ 8:41 pm By JD Alois  |  

Lendit is expanding its portfolio of activities this year by launching Lang Di Fintech, their inaugural Chinese conference.  Lang Di means “enlighten” or “inspiration” thus representing the future of finance in the largest Fintech market in the world. Lang Di Fintech will take place in… Read More

June 2, 2016 @ 4:39 pm By JD Alois  |  

Paul Niederer, former CEO of ASSOB, has been appointed CEO of Wealth Migrate’ Australian agency. Wealth Migrate is a global real estate crowdfunding platform. Niederer is a well-known proponent of internet finance having traveled the world on behalf of ASSOB – an early pioneer of… Read More

June 2, 2016 @ 10:36 am By Samantha Hurst  |  

On Thursday, KoreConX  announced its new program that helps equity and debt crowdfunding platforms go truly global by accessing China’s accredited investor base and companies in need of funding. The program, Going Global Solutions, provides portals with a feasibility study of the marketplace, recommendations regarding the legal and regulatory framework,… Read More

June 1, 2016 @ 9:12 am By Samantha Hurst  |  

On Wednesday, Asian investment research and analysis marketplace, Smartkarma, announced that it has raised $4.7 million during its second  strategic funding round. The new funds will go towards further expand Smartkarma’s investment research offering. The company noted that the latest round brings the total capital raised to $7.5million… Read More

May 31, 2016 @ 10:33 am By JD Alois  |  

It was reported earlier this month that billionaire Tianqiao Chen, founder of Shanda Interactive Entertainment, had taken a significant stake in Lending Club (NYSE:LC).  Shares of Lending Club have cratered since the resignation of former CEO Renaud Laplanche. The move by Chen appeared to be an… Read More

May 31, 2016 @ 9:02 am By Samantha Hurst  |  

On Tuesday, real estate crowdfunding platform CoAssets (NSX:CAX) announced it is expanding its operations by opening a second office in Singapore. This news comes just a couple months after the portal revealed details about its Australia expansion. Co-founder and CEO of CoAssets, Getty Goh, stated: “A series… Read More

May 30, 2016 @ 9:02 am By JD Alois  |  

Speaking at a financial forum this past weekend, Chen Yulu, Deputy Governor of the People’s Bank of China, warned of higher risk with financial institutions as internet finance, including peer to peer lending, become more intertwined. According to a report in ChinaNews, the situation has… Read More

May 29, 2016 @ 11:59 am By JD Alois  |  

The peer to peer lending industry in India has been slow to evolve in contrast to many other nations. Yet India is the second most populous country with more than 1.2 billion people and is the most populous democracy in the world. The opportunity for… Read More

May 27, 2016 @ 5:21 pm By JD Alois  |  

FinPlus, backed by Fugel Holdings, launched today claiming to be China’s first angel fund and accelerator focusing specifically on Fintech. In a release, Fugel Holdings stated they believe now is the right time to develop Fintech in China. In many ways China is the largest… Read More

May 23, 2016 @ 4:59 pm By JD Alois  |  

Lending Club (NYSE:LC) has been pounded by bad news this month. Following the announcement that founder and CEO Renaud Laplanche had resigned for alleged improprieties at the online lender, the bad news avalanche began.  One day it was a subpoena, the next it was a… Read More

May 22, 2016 @ 10:59 pm By JD Alois  |  

Singapore-based EthisCrowd has closed a S$500,000 seed round for their Islamic real estate crowdfunding platform.  The funding round may be the first of its kind in Southeast Asia. The new capital was led by Azmi Global, a subsidiary of Asmi & Associates – a top… Read More

May 22, 2016 @ 6:32 pm By JD Alois  |  

  There is a tidal wave of Asian money that wants to head to North America and diversify into different asset classes.  Yet Chinese officials have made it challenging for many individuals to move money out. DreameGGs is a relatively new platform that is seeking… Read More

May 11, 2016 @ 10:37 am By JD Alois  |  

  China is the largest market for alternative finance in the world. According to the Cambridge Centre for Alternative Finance (CCAF), China delivered over $100 billion in alternative finance, including peer to peer lending and crowdfunding, in 2015.  This was more than a 3X jump… Read More