Jingdong Technology Holding Co. Ltd., the fintech arm of Chinese e-commerce giant JD.com, is poised to acquire Home Credit Consumer Finance Co. Ltd., China’s first wholly foreign-owned consumer finance firm, according to sources cited by Caixin. The acquisition, which awaits approval from the National Financial… Read More
Read more in: Asia, Fintech | Tagged china, consumer finance, Home Credit, jd.com
Financial technology (fintech) investments in China showed a modest recovery at the end of 2023 and continued into 2024, according to KPMG’s Pulse of Fintech H1’24 report. Among the top ten fintech deals in the Asia-Pacific (APAC) region, five were from Mainland China and Hong… Read More
Read more in: Asia, Fintech | Tagged china, consumer finance, crypto, fintech, kpmg
Creditcare Technology, a multinational consumer finance company, announced that they have partnered with MoneyGram International, Inc., a key player in the evolution of digital P2P payments, in order to expand further into the emerging markets of the Philippines, Vietnam, and, other world regions with Moneygram…. Read More
Read more in: Fintech, Global | Tagged consumer finance, digital p2p payments, moneygram international, p2p payments, payments
CreamFinance reports that 2021 was a “record-setting” year for the company, “finishing with a €3.4 million net profit – the highest in Group’s history.” It also reports that it continued “to improve on these results during Q1 2022.” CreamFinance has provided the following operational and… Read More
Read more in: Global, Investment Platforms and Marketplaces | Tagged consumer finance, creamfinance, europe, finance, financial results, online platforms, progress report
Promise, a technology platform that provides options for people to pay back their government debt and receive qualified aid, recently announced the appointment of Jeff Press as Chief Revenue Officer. In this role, Press will drive revenue, sales operations, strategic partnerships, and growth initiatives for… Read More
Read more in: Fintech, General News | Tagged consumer finance, fintech, Phaedra Ellis-Lamkins, promise
Qudian Inc. (NYSE: QD), a technology platform supporting the enhancement of the online consumer finance experience in China, recently announced that it has received a letter from the New York Stock Exchange (NYSE) dated February 7, 2022, informing the company that it is “below the… Read More
Read more in: Asia, Fintech, Politics, Legal & Regulation | Tagged china, consumer finance, financial services, listing standards, new york, new york stock exchange, nyse, qudian, united states, us
Fintech firm GoBear, which offers a financial products comparison website, confirmed on May 4, 2020, that it has acquired AsiaKredit, a Singapore-based digital lender. The amount paid for the acquisition has not been shared publicly. GoBear’s acquisition has come after the Fintech company secured $80… Read More
Read more in: Asia, Fintech, Insurtech | Tagged acquisition, consumer finance, covid-19, credit assessment, financial inclusion, gobear, lending, loans, online lending, Philippines, Unbanked, underbanked
China-based consumer finance platform LexinFintech announced on Friday it has been awarded the Best Lending Technology Initiative, Application or Programme in China by The Asian Banker. According to LexinFintech, The Asian Banker awards are generally viewed by executives as one of the most rigorous, prestigious and… Read More
Read more in: Fintech, Asia | Tagged asia, china, consumer finance, fintech, lexinfintech
China-based consumer finance platform LexinFintech announced on Friday its first quarter 2019 unaudited financial results, which ended on March 31st. According to LixinFintech, Operational Highlights include: Total outstanding principal balance of loans1 reached RMB35.0 billion as of March 31, 2019, representing an increase of 64.7%… Read More
Read more in: Asia, Investment Platforms and Marketplaces | Tagged china, consumer finance, financial results, lexinfintech, online lender, online lending
China-based consumer finance platform LexinFintech announced on Thursday it is planning to invest a total of ¥1 billion in partner cooperations over the next three years in order to better save its customers and expand its credit services. According to LexinFintech, Jay Wenjie Xiao, the company’s… Read More
Read more in: Asia, Investment Platforms and Marketplaces | Tagged asia, china, consumer finance, fintech, lexinfintech, online lending
Dr. Zhengyu (Zane) Wang, founder, chairman and CEO of China Rapid Finance Limited, revealed at the 2017 LendIt USA 2017 conference the challenges to expanding consumer finance in China’s population. According to Wang, the country has emerged from being a market that in 2000 featured… Read More
Read more in: Asia, Investment Platforms and Marketplaces | Tagged asia, china, china rapid finance, consumer finance, dr. zane wang, lendit usa
“Throughout the course’s seven weeks, students will explore different sub-industries within the FinTech space, including consumer finance, payments, trading and cryptocurrencies.” The Martin Trust Center for MIT Entrepreneurship and the Finance Group at the MIT Sloan School of Management, in collaboration with the MIT… Read More
Read more in: General News, Offerings | Tagged antoinette schoar, consumer finance, cryptocurrencies, fintech, fintech ventures, harvard law school, mit, mit sloan, payments, trading
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