Tagged: hong kong

P2P Lender Monexo Announces Undisclosed Strategic Partner Following Kolkata Launch

Hong Kong’s peer-to-peer lending platform Monexo announced on Monday it now has an undisclosed strategic partner. Founder and CEO of the online lender, Mukesh Bubna, reportedly stated that the new partner may be a domestic private equity fund. Bubna shared: “In 2017, our aspiration is… Read More

Candidate for Hong Kong Chief Executive Crowdfunds Over $583K

John Tsang, a former Financial Secretary of Hong Kong who has had a long government career, declared last month that he is running for Chief Executive of Hong Kong.  His crowdfunding campaign launched five days ago on FringeBacker, and he has raised thus far HK$4,519,604 (approximately $583,000)… Read More

Ireland Wants to be European Fintech Gateway for Chinese Firms

Earlier this month, Ireland sent a delegation of public officials to visit Hong Kong and advocate on behalf of the country as a “gateway” for China to the European market.  The delegation participated in the 10th Asian Financial Forum. Eoghan Murphy TD, Minister of State for… Read More

Ayannah Named Best in Show At Next Money Fintech Finals 2017

Philippine-based startup Ayannah, a provider of affordable and accessible digital financial services for the world’s unbanked, was named Best in Show by the judges at the Fintech Finals 2017 (FF17) pitch competition at PMQ in Hong Kong on Thursday night. The second annual event, which was… Read More

Reg CF Crowdfunding Platform Mr. Crowd Launches Chinese Language Version

Mr. Crowd is a FINRA approved Reg CF crowdfunding portal. Created by founder Allen Au, Mr. Crowd is a part of the US incorporated Ksdaq corporation.  While incorporated in the US, Ksdaq’s primary place of business is Hong Kong making it a bit unique. Today, Mr…. Read More

Hong Kong Set to Host Next Money Fintech Finals 2017 As Part of the StartmeupHK Festival

Hong Kong is set to host the Next Money Fintech Final 2017 as part of the StartmeupHK Festival. The event, which is brought to the community by credit card giant Visa, will be held on January 18-19th 2017 at the PMQ and is expected to host… Read More

African Fintech: Visa Links with Hong Kong VC/Incubator Nest to Launch Bootcamp

Visa has partnered with the Hong Kong-based VC firm and incubator Nest to run a four-day fintech bootcamp in Nairobi for innovative startups in Africa, according to a release. Nest mentors will join executives from Visa’s teams in Kenya, South Africa, and the UAE to coach selected… Read More

UK FCA & Hong Kong Monetary Authority to Collaborate on Fintech Innovation

The UK Financial Conduct Authority (FCA) has signed a new collaboration agreement. This time the FCA has formed a co-operation agreement with the Hong Kong Monetary Authority (HKMA).  The arrangement is for the two securities regulators to collaborate on promoting financial innovation and is similar… Read More

Brief: China P2P Lender Lufax Announces Hong Kong & Singapore Expansion

Lufax, one of China’s largest peer to peer lending platforms, has announced plans to expand into both Hong Kong and Singapore. This news comes less than two months after the lender announced preparations for its Hong Kong Listing and IPO. Lufax Chairman and CEO, Gregory… Read More

Singapore Fintech Startup Toast Secures $1.5M During Pre-Series A Funding Round

Toast, a Singapore fintech startup, has reportedly secured $1.5 million during a pre-Series A funding round, which was led by Aetius Capital with participation from 1776 and Pepper Group. Toast is described as a peer-to-peer money transform application that allows Filipino users in Hong Kong… Read More

SuperCharger Fintech Accelerator Announces 8 New Startups as Hong Kong Fintech Week Starts

SuperCharger Fintech Accelerator 2.0 has kicked off Hong Kong Fintech Week with the announcement of 8 finalists for their program. For a second year in a row, SuperCharger, which aims to help the most promising Fintech start-ups and scale-ups grow in Asia, states it has surpassed… Read More

Brief: HSBC & ASTRI Launch RDI Laboratory in Hong Kong

  Hong Kong and Shanghai Banking Corporation (HSBC) and Hong Kong Applied Science and Technology Research Institute Company (ASTRI) have jointly launched the HSBC-ASTRI Research and Development Innovation Laboratory (RDI Lab). The Lab seeks to boost research and technology implementation within the financial industry as… Read More

InvestHK Creates Dedicated Team to Help Fintech Startups Come to Hong Kong

2016 is the Year of Fintech in Hong Kong Hong Kong is on the growing list of countries that see Fintech as strategically important for their regional economy and global competitiveness. This past week, in a speech delivered in New York City, Hong Kong Financial… Read More

Baker & McKenzie Release Asian InsurTech Report: Orienteering a Regulations Labyrinth

Insurance companies in Asia are facing a “labyrinth” of regulations as they increase investment in the insurtech space, particularly in areas such as telematics, biometrics and big data, according to The Insurtech Revolution: Regulatory Updates and Innovative Evolution in the Insurance Sector, a new guide… Read More

SuperCharger FinTech Accelerator Renews Partnership with Hong Kong Exchange & Clearing

Hong Kong-based SuperCharger FinTech Accelerator has renewed its partnership with Hong Kong Exchange and Clearing (HKEX). For a second consecutive year, HKEX has established its supporting organization status behind one of Asia’s leading Fintech accelerators. The partnership will also provide SuperCharger finalists with mentors from… Read More

LendIt forms Partnership with AMTD, Opens Joint Global Office in Hong Kong

LendIt, a global conference and events organizer established by Jason Jones, Peter Renton and Bo Brustkern, has announced a strategic partnership with AMTD Group Limited (AMTD). LendIt released the news during its annual LendIt Europe conference taking place in London today. AMTD and LendIt had previously partnered… Read More

Baker & McKenzie Sponsors SuperCharger Fintech Accelerator

Global law firm Baker & McKenzie will be supporting Hong Kong-based SuperCharger Fintech Accelerators 2.0. Baker & McKenzie is very active in China with offices in Hong Kong, Beijing, and Shanghai. Baker & McKenzie was previously a supporter of SuperCharger FinTech Accelerator 1.0 – the… Read More

Standard Chartered & SuperCharger Accelerator Invite Global Fintech Firms to Apply

Standard Chartered Bank and Supercharger, a Hong Kong-based accelerator, have opened up applications for global Fintech firms to participate in the  “SuperCharger FinTech Accelerator 2.0”, a 12-week innovation programme aimed at helping promising FinTech companies grow their footprint in Asia. The very first round saw 160… Read More

Chinese Fintech Company WeLab Secures $25M Credit Facility from ING Bank to Help Fuel Hong Kong Growth

WeLab, a Chinese-based fintech company, announced last week it has secured a credit facility of $25 million from ING Bank as part of its Hong Kong expansion and enable the company to meet rapidly growing demand for its loans in Hong Kong. Sharing details about the credit… Read More

Hong Kong Monetary Authority Announces Fintech Innovation Hub & Supervisory Sandbox

Earlier this week, chief executive of the Hong Kong Monetary Authority, Norman T.L. Chan, announced the organization is set to collaborate with the Applied Science and Technology Research Institute (ASTRI) to set up its own Fintech Innovative Hub. Chan revealed that the Fintech Innovation Hub… Read More