Berlin headquartered Wefox Group, an Insurtech firm that has developed the consumer-facing insurance app and carrier One and Wefox, an insurance platform, has secured $110 million via a recent Series B round according to a company release. The additional funding has doubled Wefox’x Series B… Read More
wefox Group, a Germany-based insurtech firm, has successfully secured $125 million through its Series B funding round. China-based fintech CreditEase reported that its direct investment arm, CreditEase Fintech Investment Fund (CEFIF) participated in the round, with Goldman Sachs International acting as a private placement adviser… Read More
CreditEase announced on Thursday it was the winner the Star of Innovation award at Global Finance Magazine’s 2018 Stars of China Awards. CreditEase reported that it has been actively using financial technology to drive inclusive finance and wealth management, serving a large base of high-growth groups,… Read More
CreditEase, a huge Chinese Fintech that started as just a peer to peer lending platform, announced on Thursday its founder and CEO, Ning Tang, has been named fintech advisor for the Singapore government. Ning reportedly asked by the Singapore Government to sit in on its International Technology… Read More
Ning Tang, founder and CEO of CreditEase – a huge Chinese Fintech that started as just a peer to peer lending platform, recently spoke to Bloomberg in Asia. CreditEase is also the majority shareholder of US listed online lender Yirendai (NYSE:YRD) Tang provided an interesting… Read More
China based Fintech CreditEase has invested in Blast, a California based startup that is the mobile gamification space led by Acorns founder and Chairman, Walter Cruttenden. The investment was facilitated via CreditEast Fintech Investment Fund (CEFIF) – a US $1 billion fund. Other investors in… Read More
A subsidiary of Fintech Creditease, Good Hope Investment Service, is providing “support and sponsored legal fees” to Chinese investors caught up in the EB-5 backlog. CreditEase started as a peer to peer lender but has since migrated into a plethora of Fintech services. EB-5 is… Read More
CreditEase, a China based peer to peer lending platform, has been recognized for its Fintech venture fund by a CB Insights report. According to the report, the CreditEase Fintech Investment Fund is number three in the world when it comes to ranking the most active… Read More
CreditEase Wealth Management announced on Friday it won “Best Wealth Management Firm of the Year” and “Best Wealth Manager for Fund of Funds” at the Asiamoney Annual Awards. Last year, Asiamoney reportedly began selecting nonbank wealth management institutions for their “Excellence in Chinese Wealth Management” award and… Read More
On Thursday, CreditEase announced its venture fund, Credit FinTech Investment Fund (CEFIF) recently participated in the $70 million Series B investment round in market fintech company, Branch International. The fund reported that other investors of the funding round included International Finance Corporation (IFC), Andreessen Horowitz,… Read More
CreditEase Wealth Management, a wealth management arm of CreditEase, announced on Wednesday it has signed a strategic cooperation agreement with Amundi Asset Management (Amundi), a France-based asset managing company. According to CreditEase, through this new partnership, the two companies will deepen their cooperation further in… Read More
On Monday, CreditEase announced its fintech investment fund, along with next47 and BMW i Ventures, has invested in California automotive fintech company, Fair. This news comes after Fair announced the acquisition of Uber’s Xchange Leasing subsidiary’s leasing portfolio. According to CreditEase, Fair was launched in August… Read More
The State Council of China Encourages the Development of a Smart Supply Chain The State Council on October 13, 2017, released a guideline on promoting the innovation and application of the supply chain. The document was aimed at establishing a smart supply chain system… Read More
CreditEase Fintech Investment Fund is Making a New Investment. Guess Who the Fund is Interested in? Last week (September 18th -24th), CreditEase Fintech Investment Fund, a venture committed to investing growth-stage Fintech startups in China and globally, announced a new round of investment to three… Read More
Yirendai (NYSE:YRD), a China based peer to peer lender that is a sister company of CreditEase, has shared that a lawsuit filed against it in 2016 has been completely dismissed. The putative class action lawsuit was brought by multiple law firms pertaining to the decline in… Read More
During July 2016, I was part of a delegation of US Fintech executives visiting our counterparts in Hong Kong, Shenzhen, and Shanghai, China. We toured and visited some of the most exciting Fintech platforms in China such as LuFax, CreditEase, Tencent (the creator of WeChat),… Read More
CreditEase, a China based peer to peer lender and wealth management platform, has announced its plans to open a new office in the Asia Square Tower in Singapore. The CEO of CreditEase, Ning Tang, said at the opening ceremony: “After 11 years of development, CreditEase… Read More
CBRC Releases Documentation to Regulate Small Cash Loans Market This week, China Banking Regulatory Commission released a documentation “Guidelines on risk prevention and control in banking industry” to regulate the small cash loans market by perfecting the in-out mechanisms, paying more attention to the supervision… Read More
China Rapid Finance, a peer-to-peer (P2P) lender based in Shanghai, China, announced that it has set the terms for its upcoming US IPO. The company plans to raise $105 million through the offering of 10 million shares priced between $9.50 to $11.50 a share. At… Read More
CreditEase Wealth Management announced on Sunday it has formed a global strategic partnership with real estate developer, operator and investment manager, Tishman Speyer, in Beijing in order to extend global cooperation in resource sharing, fund investment, buyouts and business development. According to CreditEase Wealth Management, with an… Read More
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