Tagged: hong kong

May 16, 2017 @ 2:01 am By Jonathan Nieh  |  

As reported by Forbes today, Alibaba has invested in online invoice exchange marketplace Qupital, marking the Chinese e-commerce giant’s first foray into fintech investment in Hong Kong. Qupital raised a total of $2 million in its seed round. Accounts Receivable Marketplace Qupital bills itself as Hong Kong’s… Read More

May 14, 2017 @ 11:30 am By Jonathan Nieh  |  

According to an article in Bloomberg, Hong Kong-based financial investment and services firm, Sun Hung Kai & Co., intends to expand its principal investments portfolio to over US $2 billion with an emphasis on investing in fintech. The firm currently has about US $1.4 billion… Read More

May 12, 2017 @ 8:29 am By JD Alois  |  

The Financial Conduct Authority (FCA) has signed a co-operation agreement with the Securities and Futures Commission (SFC) in Hong Kong. The intent of the agreement is to encourage collaboration that supports Fintech innovation. According to the document, the FCA and SFC will co-operate on information… Read More

April 26, 2017 @ 1:03 am By Jonathan Nieh  |  

According to several reports, fintech in Asia reached record numbers in 2016. Singapore, in particular, has seen huge growth the last few years and has long proclaimed itself as the premier fintech hub in Asia. Some of the reasons why Singapore has been able to establish itself… Read More

April 21, 2017 @ 8:20 am By JD Alois  |  

ASEAN crowdfunding platform CoAssets (ASX: CA8) is pushing into Hong Kong as part of a growth and “internationalization strategy”. CoAssets announced a Memorandum of Understanding this past March. CoAssets announced it has entered into a Share Sale and Purchase Agreement (SPA) with the shareholders of Fintech Pte… Read More

April 16, 2017 @ 3:01 pm By JD Alois  |  

First Successful Arbitration Settlement Against a Crowdfunding Scofflaw Prominent crowdfunding marketing firm Funded Today is perhaps the most successful agency in their space today. Having helped to direct more than 300 perk-based crowdfunding campaigns to financial success, Funded Today has now been instrumental in raising… Read More

March 9, 2017 @ 11:53 am By JD Alois  |  

SuperCharger will be showcasing the astonishing progress made by the eight companies in our 2017 cohort at SuperCharger FinTech Accelerator 2.0 Demo Day: The Grand Finale Join SuperCharger startups, scale-ups, partners, investors, and team as we celebrate the success of the 2017 program announcing our… Read More

March 8, 2017 @ 11:21 pm By JD Alois  |  

CoAssets (ASX: CA8), a crowdfunding platform specializing in facilitating funding for real estate and SMEs, has signed a non‐binding Memorandum of Understanding (MOU) to invest in Fintech Pte Ltd, a Hong Kong-based Fintech company. Following due-diligence, the two companies expect to formally announce an investment… Read More

February 13, 2017 @ 2:20 pm By Samantha Hurst  |  

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

February 8, 2017 @ 11:26 pm By Jessica Pham  |  

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

January 29, 2017 @ 9:08 pm By JD Alois  |  

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

January 20, 2017 @ 9:16 am By Samantha Hurst  |  

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

January 8, 2017 @ 3:29 pm By JD Alois  |  

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

December 20, 2016 @ 9:16 am By Samantha Hurst  |  

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

December 8, 2016 @ 3:43 am By Erin Hobey  |  

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

December 7, 2016 @ 9:17 am By JD Alois  |  

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

November 15, 2016 @ 9:40 am By Samantha Hurst  |  

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

November 11, 2016 @ 1:47 pm By Samantha Hurst  |  

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

November 7, 2016 @ 1:39 pm By JD Alois  |  

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

November 1, 2016 @ 4:31 am By Erin Hobey  |  

  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