Tagged: china

August 24, 2016 @ 8:06 am By JD Alois  |  

A report in ChinaNews is saying The China Banking Regulatory Commission (CBRC), along with partner agencies, will release rules regarding online lending that will include lending caps. According to the report, individuals will be able to borrow up to 200,000 CNY (USD $30,000) from any… Read More

August 21, 2016 @ 10:19 pm By JD Alois  |  

The Turnbull government announced in February of this year their intent to establish Australia as an Asia-Pacific hub for Fintech. The Hon. Scott Morrison MP said at that time; “FinTech will have an important role to play in Australia’s innovation future, that’s why the Turnbull Government… Read More

August 17, 2016 @ 2:15 pm By JD Alois  |  

The China government is very determined to keep their economy chugging along while fostering more innovative and entrepreneurial companies.  If you need any more proof this report in Sina.com is just another indication of what the current administration is willing to do to prime the… Read More

August 15, 2016 @ 9:41 pm By JD Alois  |  

Yirendai (NYSE:YRD), the publicly traded offshoot of huge P2P lender CreditEase, announced Q2 results last week and the markets liked what they heard. While Yirendai held their earnings call on Wednesday, August 10th, it has taken a few days for the news to sink in…. Read More

August 12, 2016 @ 6:27 pm By JD Alois  |  

Dianrong, a very large peer to peer lender in China (far bigger than any platform in the US), did some chest pounding yesterday.  In a release, Dianrong claimed the US Department of Commerce named the Chinese online lender the “Leader in China’s P2P Lending Segment.”… Read More

August 10, 2016 @ 3:51 pm By Samantha Hurst  |  

Duocaitou, a Chinese real estate crowdfunding platform that’s dedicated to boutique hotels and home rentals, announced on Wednesday it has completed its Pre-A financing round and has received funds from three venture capital firms, Capital, Innovation Angel Fund, and Shunwei Capital Partners. Gengqian Zhao, CEO… Read More

August 8, 2016 @ 12:13 pm By JD Alois  |  

Orchard Marketplace is a platform that is uniquely positioned at the intersection of institutional money and online lending. If you are a large investor you are using Orchard to manage and access loans on all marketplace lending platforms. This perspective means that Orchard can easily… Read More

August 7, 2016 @ 10:11 pm By JD Alois  |  

CreditEase, the largest peer to peer lender in China, is boosting its VC team as it continues its global expansion strategy.  A few days back, according to a report in ECNS, CreditEast appointed Anju Patwardhan, previously the Global Chief Innovation Officer at Standard Charter Bank…. 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 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 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

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 @ 11:35 am By Samantha Hurst  |  

China-based tech startup, Mobvoi, launched its Kickstarter campaign on Tuesday to raise only $50,000 for its new interactive watch, Ticwatch 2. Within a matter of 24 hours, the timepiece not only secured its initial funding goal (in 10 minutes), it has managed to secure well over $360,000… 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 19, 2016 @ 1:00 pm By Erin Hobey  |  

With the closing of LendIt’s largest event to date, the Lang Di Fintech Experience, Orchard Platform shared its Head of West Coast & APAC Sales Jeremy Todd‘s initial impressions of the event which focused on the future of fintech not only in China but also globally. Todd participated… Read More

July 19, 2016 @ 8:58 am By Samantha Hurst  |  

JustUs, a new peer-to-peer lending platform focusing on the IF ISA space, announced on Tuesday that it has received backing from Chinese financial firm, GuanQun Investment. This news comes just a few weeks after JustUS announced it is preparing to launch a crowdfunding campaign on Crowdcube to… 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 16, 2016 @ 1:43 pm By JD Alois  |  

Timothy Li of Kuber Financial and Tang Loaec of P2PConnect have joined together to create a new “P2P insurance JV” designed to bring “risk sharing” to American users. This is according to information provided by Li stating the pair decided to form a joint venture to… Read More

July 14, 2016 @ 4:04 pm By Samantha Hurst  |  

Flexyfoot, a UK-based startup that provides ferrules and walking aids, recently launched an equity crowdfunding campaign on Seedrs to raise £100,000. Within a matter of days, the company successfully secured its initial funding goal. The company has notably developed a patented designed suspension system on the… Read More