Tagged: asia

December 17, 2015 @ 12:09 pm By JD Alois  |  

Monexo is a Hong Kong based peer to peer lending platform that seeks to provide financing to SMEs in the region. Founded by Mukesh Bubna, a long-time Citibank executive, Bubna recently commented on the investigation into Ezubo – a China-based peer to peer lender.  Ezubo (sometimes spelled… Read More

December 17, 2015 @ 8:24 am By JD Alois  |  

FundedByMe to Focus Solely on Investment Crowdfunding as it Ends Rewards. FundedByMe has shared a platform update, recapping 2015 and looking towards the New Year.  Based in Stockholm, FundedByMe was approved by Malaysian authorities to set up one of six investment crowdfunding platforms.  The company… Read More

December 15, 2015 @ 9:53 am By JD Alois  |  

  A recent report published by ACCA, provides a fascinating insight into the largest peer to peer lending market in the world – China. The research has been authored by Dr. Luke Deer from the University of Sydney (and a research associate with the University… Read More

December 14, 2015 @ 12:51 pm By JD Alois  |  

Peer to peer lender Lufax is close to raising $1 billion at an astounding valuation of $18 billion.  Shanghai based Lufax, recently rebranded as Lu.com, raised capital earlier this year at a solid $10 billion valuation. Investor demand is said to be very strong. But,… Read More

December 12, 2015 @ 11:00 am By JD Alois  |  

Internet juggernaut Alibaba opened their wallet a tiny bit and purchased the assets of the South China Morning Post (SCMP) last week. The company stated it was a strategic move in recognition of providing insight into one of the world’s largest economies. One of the… Read More

December 9, 2015 @ 7:30 am By Spencer Li  |  

On November 16, 2015, Yirendai, an “online” Chinese marketplace lending platform, filed its Form F-1  (Form F-1 /A) with the SEC for an IPO listing on the NYSE. Yirendai is a subsidiary of CreditEase, a sizeable financial services firm in China that provides lending and wealth… Read More

December 7, 2015 @ 7:44 am By JD Alois  |  

Real estate crowdfunding platform CoAssets is highlighting platform growth. According to a report from the Singapore-based company, registered users now exceed 30,000 having grown 30% in November alone.  Founded in May of 2013, initially 100% of users were from Singapore. Today that percentage has dropped… Read More

December 4, 2015 @ 3:26 am By Spencer Li  |  

Following in the footsteps of Chinese internet giants such as Alibaba, Tencent, and JD.com, leading Chinese P2P platforms have begun evolving into one-stop wealth management platforms. Alibaba’s Ant Financial, Tencent’s WeBank, and JD.com’s JD Finance (for some background on these platforms, please refer to a… Read More

November 26, 2015 @ 10:26 am By JD Alois  |  

Chinese officials announced last year they were slashing executive pay at banks.  This was part of a push to reform the banking system by limiting waste and stifling corruption.  According to a report in Time Weekly, banking executives have a salary cap of just 600,000… Read More

November 25, 2015 @ 8:34 am By JD Alois  |  

Backer-Founder, a consulting firm in Taiwan that stakes claim to being the first of its kind in the country, celebrated its one  year anniversary of helping crowdfunding campaigns achieve their goals.  According to the company, the crowdfunding consultancy has managed over 50 projects in the… Read More

November 24, 2015 @ 10:31 pm By JD Alois  |  

Dianrong, a leading peer to peer lending platform in China, raised a respectable $207 million a couple months back.  Now the online lender is considering its next funding round which may hit half a billion dollars as the Chinese P2P market continues to outpace traditional… Read More

November 23, 2015 @ 8:28 am By JD Alois  |  

Kapital Boost has won the Social Enterprise Startup of the Year award during the inaugural ASEAN Rice Bowl Startup event held in Kuala Lumpur, Malaysia. Singapore-based Kapital Boost is the first Islamic peer-to-business (P2B) crowdfunding platform in Asia. Launched in July 2015, Kapital Boost has… Read More

November 19, 2015 @ 11:19 pm By Spencer Li  |  

When the State Council of China issued its guidelines for the internet finance industry in July, the single most talked about guideline among platform operators is the government’s encouragement of banks to provide custodian services for investor funds used for platform transactions. Many have interpreted… Read More

November 17, 2015 @ 10:32 am By Midori Yoshimura  |  

  A co-founder of Funding Societies in his 20s, Reynold Wijaya is now the peer-to-peer lending company’s chief operations (Singapore) leader, and has helped bring the company’s funding to near $1.25 million. Funding Societies was among the first homegrown P2P lending companies to bring in a trustee registered with the… Read More

November 12, 2015 @ 3:35 pm By Samantha Hurst  |  

On Thursday, Cogobuy Group (stock code: 400.HK), an e-commerce platform that serves the electronics manufacturing industry in China, announce its unaudited operating results for the three months ending on September 30th.  During the quarter, the Cogobuy’s three major businesses achieved robust growth. The total GMV of… Read More

November 10, 2015 @ 11:18 am By Samantha Hurst  |  

Faction, one of the fastest-growing ski companies in the world on the back of product innovation and viral videos, launched its Crowdcube campaign Saturday and by Tuesday had raised nearly £375,000. The offering allows fans to invest alongside angel and VC backers for as little… Read More

November 7, 2015 @ 12:38 pm By Spencer Li  |  

  Last month I attended LendIt Europe in London (Oct. 20-21) to learn more about developments in the marketplace lending industry in the UK and in broader continental Europe. LendIt has once again done an excellent job organizing the conference and brought together a wealth… Read More

October 30, 2015 @ 9:13 am By JD Alois  |  

FundedByMe Malaysia to Partner with Rave Accelerator Announced earlier this year following announced equity crowdfunding regulations by the Malaysian government, Sweden-based FundedByMe and Alix Global have entered into a formal joint venture (JV) to operate an equity crowdfunding platform by year’s end. According to information… Read More

October 14, 2015 @ 10:02 am By Samantha Hurst  |  

Lenddo, an Asia-based fintech startup that uses non-traditional data for credit scoring and online verification, today announced it has closed a Series B investment to support the company’s accelerated growth and meet global demand. The investment was led by new investors AT Capital and Life.SREDA,… Read More

October 14, 2015 @ 8:40 am By JD Alois  |  

Harmoney, the first peer to peer lender to launch in New Zealand, has added some big names to its advisory board.  Accord to a release published by the P2P site, Jon Barlow, founder of Eaglewood Capital and Phin Upham of Thiel Capital have signed up… Read More