Tagged: asia

May 10, 2016 @ 10:09 am By Samantha Hurst  |  

On Tuesday, Crowdcube #FundedClub member, Cell Therapy (CTL), announced it has received £12.5M in a Japan Rights Deal. The Welsh biotech company, co-founded by Nobel Prize winner Sir Martin Evans, raised £689,246 through the equity crowdfunding platform to help cell-based regeneration medicine for heart trauma get to… Read More

May 5, 2016 @ 8:36 am By JD Alois  |  

Israel is one of the hottest startup ecosystems in the world today. The small country has consistently punched above its weight class by turning out consecutive startup hits – many in the Fintech sector. The highly educated, risk-embracing Israelis have taken the title of Startup Nation…. Read More

May 3, 2016 @ 11:44 pm By JD Alois  |  

The “Memorandum of Cooperation on the Establishment and Implementation of the Asia Region Funds Passport”, has now been signed by Australia, New Zealand, South Korea and Japan. Countries yet to sign include Thailand,Singapore and the Philippines. The “MOC” has been called “the most far-reaching multilateral… Read More

May 3, 2016 @ 11:17 pm By JD Alois  |  

Fincera (OTCQB: AUTCF), formerly a commercial vehicle leasing company that has now migrated into internet finance for SMEs in China, reported full year results for 2015.  According to the company release, the internet finance based portion of the company (launched in 2014) continues to grow rapidly…. Read More

May 2, 2016 @ 10:06 am By JD Alois  |  

According to a report by CCTV (video below), China registered 4.4 million new businesses during 2015. That means about 12,000 SMEs are launched every single day.  The same report states that 30 trillion yuan or USD $5 trillion went into these young firms. These are mainly… Read More

May 1, 2016 @ 9:25 pm By JD Alois  |  

T2P, creators of the e-Wallet App DeepPocket, has received $1.1 million in funding led by Dave McClure’s 500 startups. The funding round also saw participation from Bechnachinda Holding.  T2P is based in Thailand and the additional capital will be leveraged to expand their services beyond… Read More

April 28, 2016 @ 9:01 am By JD Alois  |  

Impact Guru, a “full stack crowdfunding solution”, has received seed funding in the amount of USD $500,000 from RB Investments and Fundnel – an Asian investment crowdfunding platform. Simultaneously, Impact Guru and Fundnel have formed a strategic partnership combining impact / rewards and investment-based crowdfunding…. Read More

April 25, 2016 @ 10:28 am By Samantha Hurst  |  

Yirendai Ltd. (NYSE: YRD), an online consumer finance marketplace in China, announced on Monday the completion of issuance of RMB 250 million asset-backed securities (“ABS”). Last month,  Yirendai announced this week it will be considered as the first online consumer finance marketplace in China facilitating consumer loan products with the… Read More

April 22, 2016 @ 3:53 pm By Samantha Hurst  |  

On Friday, real estate crowdfunding platform, Wealth Migrate, announced that it was officially opening its new Shanghai office, which will be located in the Pudong Pilot Free Trade Zone district.  Wealth Migrate China CEO, Aling Gong, declared that the Shanghai opening is considered a milestone for the crowdfunding movement… Read More

April 19, 2016 @ 11:56 pm By JD Alois  |  

The largest bank in South East Asia, DBS, has signed an agreement with two peer to peer lending platforms to refer small business loans the bank turns away.  MoolahSense and Funding Societies will now become a service provider for the far larger bank. Simultaneously, both… Read More

April 11, 2016 @ 10:55 am By Samantha Hurst  |  

Singapore-based crowdfunding platform, FundedHere, recently announced that it has secured $1.29 million from three angel investors. Last month  , FundedHere stated that it was the first licensed equity and debt crowdfunding platform in Singapore as it has received a Capital Markets Services (CMS) license to operate… Read More

April 5, 2016 @ 4:05 pm By Samantha Hurst  |  

On Tuesday, payment service provider, PayU, announced it conducted an analysis on ecommerce customs and fintech potential in Latin America, Central/Eastern Europe, India, and Africa at Money20/20 Europe. Findings that are featured in PayU’s report included: High growth of ecommerce in Africa. More than 65%… Read More

April 3, 2016 @ 3:11 pm By Weiyangx  |  

  A decade ago, bank salespersons were seen at almost every street corner in Taipei. Apart from credit cards, they also offered unsecured micro-loans to ordinary people. As long as you didn’t have a criminal record and could provide your basic information such as ID… Read More

March 29, 2016 @ 8:55 am By JD Alois  |  

Late last month the National Internet Finance Association of China (NIFA) was launched during a ceremony in Shanghai. CreditEase, the first (and largest) peer to peer lender in the country, was elected as an Executive Director to the new entity. Former People’s Bank of China Deputy… Read More

March 21, 2016 @ 8:31 am By JD Alois  |  

FundedHere, an equity and debt based crowdfunding platform, has claimed the title of “First” as it has received a Capital Markets Services (CMS) license on March 18, 2016 to operate by the Monetary Authority of Singapore (MAS). The license allows FundedHere to deal in securities… Read More

March 16, 2016 @ 11:03 am By JD Alois  |  

The Asia-Pacific Alternative Finance Benchmarking Report has just been published and it highlights the largest region in the world for disruptive finance. Entitled, “Harnessing Potential”, this is the first report for the region and has been created by a partnership of researchers, including the Cambridge… Read More

March 15, 2016 @ 9:04 pm By JD Alois  |  

The China Banking Regulatory Commission is talking tough when it comes to bogus online lenders. As reported in the China Daily,  Shang Fulin, Chairman of the CBRC, explained at a news conference regulators were cracking down of dodgy platforms; “The CBRC will strengthen regulation, intensify… Read More

March 14, 2016 @ 11:56 am By JD Alois  |  

In response to the rapid increase of Fintech in Asia, a new conference has been launched to address the fast changing environment for financial firms. The 2016  Fintech Law in Asia Conference is scheduled to take place at Nagoya University in Japan this April. The… Read More

March 14, 2016 @ 11:14 am By Samantha Hurst  |  

On Sunday, the Supreme People’s Court of the People’s Republic of China (SPC) announced that the country’s court system handled approximately 1.42 million cases regarding peer-to-peer lending during 2015. As reported by Xinhua, during the annual parliamentary session, SPC President, Zhou Qiang, noted that the… Read More

March 6, 2016 @ 11:06 am By JD Alois  |  

Last week global equity crowdfunding platform OurCrowd announced a significant partnership with United Overseas Bank (UOB).  The OurCrowd arrangement is part of the platforms deeper push into Asia and the robust startup scene. UOB is the third largest bank in Southeast Asia by total assets…. Read More