Tagged: asia

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

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