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June, 2015
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cloud-QA

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Cloud Finance Intelligence Startup Adaptive Insights Gets $75M, Reportedly At A Unicorn Valuation

TechCrunchAdaptive Insights, a fast-growing startup that sells cloud-based services to finance and other management teams to model a company’s performance and other business intelligence, today is announcing that it has raised $75 million in funding — a Series G investment that brings the total raised by the company to $176 million. (more…)

Deals, Fintech news, news

June 30, 2015

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How Widely-Accepted Are Mobile Payment Methods In China’s Brick-And-Mortar Shops?

TechInAsia: Mobile payment methods like Alibaba’s Alipay and Tencent’s Tenpay account for a huge portion of China’s online transactions. But do these new payment methods have the same kind of traction on offline shops and restaurants? Chinese tech news site Techweb recently conducted a survey of 1,607 businesses on a busy pedestrian street in Wuhan to find out. (more…)

China, InspirAsia, Mobile payments/banking

June 30, 2015

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Formation 8 raising US$400M late-stage fund for Asia

E27.CO: A special focus of the fund will be Southeast Asia and South Korea, with the US$400M likely being spread across 10 gigantic investments
(more…)

InspirAsia, Korea

June 30, 2015

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South Korean restaurant discovery app MangoPlate raises US$6.1M

E27.CO: South Korean restaurant discovery app MangoPlate has announced today that it has secured US$6.1 million from venture investment group of Qualcomm Incorporated, Qualcomm Ventures, as well as SoftBank Ventures Korea and YJ Capital, a venture capital firm established by Yahoo!JAPAN. This marks YJ Capital’s first investment in a Korean company. (more…)

Deals, InspirAsia, Korea

June 30, 2015

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Square Launches Payroll Product For Small Businesses, Pricing Starts At $25/Month

TechCrunch: Mobile payment startup Square has been gradually building out the products it offers to small businesses to position itself as a one-stop shop for their various front-of-house and back-office needs. Today sees the latest development on that theme: the company has launched Square Payroll, software for businesses to pay and track taxes and other costs for both hourly and salaried employees. The product, initially available only in California, is priced at $20 per month, with $5 per employee on top of that. (more…)

Fintech news, Mobile payments/banking, news, POS/mPOS and online acquiring

June 30, 2015

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Baidu To Invest $3.2 Billion In Its Group-Buying Service Nuomi

TechCrunch: China’s Baidu, the company best known for its dominant search engine, said today that it will invest more than $3 billion in its online-to-offline businesses over the next three years. (more…)

China, Deals, InspirAsia

June 30, 2015

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DBS opens DBS Accelerator in Hong Kong

DEALSTREETASIA: Southeast Asian super-regional financial services group DBS, which is based in Singapore, has launched a DBS fintech accelerator in Hong Kong, in a physical site called “The Vault”. This is to function as a FinTech startup hub located in the heart of Wan Chai, Hong Kong. (more…)

Hong Kong, InspirAsia, Singapore

June 29, 2015

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Facebook Users In The Middle East And Africa Use The Site In Some Surprisingly Different Ways

Business Insider: BI recently sat down with Facebook’s VP of Europe, the Middle East and Africa, Nicola Mendelsohn. During her two years at Facebook, she has spent a lot of time visiting the different regions she is responsible for and discovering how people in the Middle East and Africa in particular are using Facebook in really novel ways. Here are some of the examples she shared (and some we’ve gathered through our own research) (more…)

Fintech news

June 29, 2015

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Airbnb Raises $1.5 Billion in One of Largest Private Placements

The WSJHome-rental service Airbnb Inc. has completed one of the biggest private-funding rounds ever, raising $1.5 billion, in a deal that values the company at $25.5 billion, according to people familiar with the matter. (more…)

Influences FinTech

June 29, 2015

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News From The Asian POS System Startups Hottab & StoreHub

TECHINASIA: It’s easy to spot the rapidly rising number of hotels and restaurants in Vietnam. But despite the industry’s noticeable growth, managing a hotel or chain restaurant still takes a lot of work and innovation. That’s where Hottab comes in. It’s a new Vietnamese startup that offers a new solution for point-of-sale (POS) management for F&B business. Hottab provides service tablets and a POS system for food and beverage (F&B) businesses. A cloud-based system connects all devices using Hottab. It includes an application installed on tablet devices that allows waiters to create new orders. It also enables customers to self-order at the table. (more…)

InspirAsia, Singapore, Vietnam

June 27, 2015

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Vietnam Lifts Foreign Holding Limit In Cos, Qualifies For Emerging Market Status

DealStreetAsia: The limit on foreign holdings in Vietnam’s listed companies has been officially lifted, significantly removing investment restriction in public companies that are listed on the country’s stock exchanges, the Vietnam Ministry of Finance announced on Friday. (more…)

InspirAsia, Vietnam

June 27, 2015

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China Pouring Money Into America’s Hottest Startups

TechCrunchJD.com has become the latest internet company in China to venture into the consumer credit space, after the NASDAQ-listed online retailer — a rival to Alibaba — launched a joint venture alongside LA-based financial services company ZestFinance. (more…)

China, InspirAsia

June 26, 2015

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Cuscapi’s Rev tablets roll out at Ministry of Food Singapore outlets

DIGITAL NEWS ASIA: CUSCAPI Bhd said that Ministry of Food Singapore Pte Ltd, a restaurant chain that kicked off in the city-state in 2006, has deployed Rev interactive self-ordering tablets at its outlets.   (more…)

InspirAsia, Malaysia, Pre-order services, Singapore

June 26, 2015

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PH Startup PawnHero Wins The Judges’ Choice Award at Echelon Asia Summit 2015

DEALSTREETASIA: Philippine fintech startup PawnHero has won the Echelon Asia Summit 2015 Judges’ Choice Award in Singapore Wednesday night, beating nine other finalists out of the original 500 applications from around Asia. (more…)

InspirAsia, Philippines

June 25, 2015

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PayRange, A Startup That Enables Vending Machines To Take Credit Cards For Payment, Raises $12M

TECHCRUNCH: PayRange, which makes a small device that plugs into vending machines that enables customers to pay with credit cards, said that it has raised $12 million in venture financing. (more…)

Fintech news, news

June 25, 2015

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PayNearMe Lays Off Employees as It Forges Into New Territory

TECHCRUNCHPayNearMe is a financial services startup that has managed to fly under the radar of the tech-savvy. That’s largely because the six-year-old company is focused on the roughly 25 percent of people in the U.S. who don’t have bank accounts to pay for things like rent and utilities and online purchases. In fact, its customers largely interface with PayNearMe’s brand when they’re at a 7-Eleven or Family Dollar or Ace Cash Express store, all of which have partnered with PayNearMe to transform customers’ cash into payments. (more…)

Fintech news, news

June 25, 2015

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The Monocle Quality of Life Survey 2015

Monocle: ASEAN is the best region for living in the new Monocle Quality of Life Survey 2015: Tokyo (1), Melbourne (4), Sydney (5), Fukuoka (12), Singapore (13), Kyoto (14), Auckland (17), Hong Kong (19) (more…)

Influences FinTech, InspirAsia

June 25, 2015

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Forbes China “Fintech 50” List Highlights Winners In Fast-Growing Field

Forbes: Looking to learn more about early winners in the exploding business of online finance in China? (more…)

China, InspirAsia

June 25, 2015

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Telegram’s New Platform Lets Developers Create Smart Message Bots With Multiple Uses

TECHCRUNCH:  Telegram is poised to come out with Apple Watch support and, as I hinted, a brand new Bot platform (this will be in Telegram 3.0 for iOS). If you want you can also get a preview here. Pavel Durov of VK.com fame, recently explained to me how the Bot API and platform will allow third-party developers to create Bots which are simply Telegram accounts operated by software sporting A.I.-like features. (more…)

Influences FinTech

June 24, 2015

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Technology and The Evolution of Storytelling

MEDIUM: It is such an exciting time to be a filmmaker. I do not believe the notion that the cinema is dying or dead because it’s amazing what technology can do to the cinematic storytelling. What’s great about film is it constantly reinvents itself. It started as a sheer novelty, those images moving on the screen.

(more…)

Influences FinTech

June 24, 2015

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Slack Is Just The Tip Of The Iceberg For Enterprise Tech

TECHCRUNCHSlack’s valuation soared to $2.8 billion in less than two years, and has doubled in the past six months alone — all without any big marketing campaigns. The startup’s adoption curve and rave reviews are something many founders and investors dream about, but few actually achieve. (more…)

Influences FinTech

June 24, 2015

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Uber And PayPal Extend Payment Partnership, Now In 19 Countries

TECHCRUNCHPayPal teamed up with Uber back in 2013 to offer the U.S. taxi-hailing service’s customers additional payment options. The world has changed a lot in those 18 months — Uber is now present in over 300 cities with China set to soon become its largest market — so, with that in mind, PayPal and Uber have extended their partnership to cover an additional 9 countries worldwide. (more…)

Fintech news, news, POS/mPOS and online acquiring

June 24, 2015

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Britain Just Gave The Green Light To A Bank With No Branches And No Website — Just An App

Business Insider: Atom Bank, the online-only challenger bank, just won a banking licence to operate in the UK and plans to launch later this year. Unlike traditional banks — and even some challengers — Atom Bank won’t have any branches or even a website initially, operating purely though a mobile app. (more…)

Fintech news, Mobile-first banks, news

June 24, 2015

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PromisePay Raises $2M to Help Online Marketplaces With Payment Processing

TECHCRUNCH: One of the biggest issues with online marketplaces is that buyers and sellers rarely know or trust one another, which often leads to disputes between the two parties. PromisePay aims to fix this issue by providing marketplaces with a payment platform to manage the entire transaction. (more…)

Deals, Fintech news, news, POS/mPOS and online acquiring

June 24, 2015

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Apple Pay £20 Limit In The UK Will ‘Change Over Time’

WIRED: Apple has detailed how Apple Pay will work when it lands in the UK next month in a post on its website aimed at merchants.  (more…)

Fintech news, Mobile payments/banking, news

June 24, 2015

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Credit Karma Has Raised $175M On A Valuation Of $3.5B, As It Looks To An IPO In The Next...

TECHCRUNCH: The rush of funding for fintech startups continues. TechCrunch has learned and confirmed that Credit Karma — a platform that provides credit scores to users but also serves as a portal for people to search and apply for various financial services like loans, credit cards and insurance — has raised a round of funding of $175 million on a valuation of $3.5 billion. (more…)

Deals, Fintech news, news

June 24, 2015

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Tesla, Xiaomi top MIT’s list of world’s smartest companies

VentureBeat: The MIT Tech Review has compiled a list of the 50 “smartest” companies in the world. Elon Musk’s Tesla Motors tops the list, while the Chinese mobile and wearables upstart Xiaomi comes in second. (more…)

Influences FinTech

June 24, 2015

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API-Based Money Mover Currency Cloud Taps Sapphire Ventures And Rakuten For $18M

TECHCRUNCHCurrency Cloud, a UK-based provider of cross-border money transferring services that are in turn used by a number of money transfer and payments businesses, has landed an $18 million round of funding. The Series C round — which brings the total raised by the company since 2012 to $36 million — is notable not only because it underscores progress for the company, but also because of who is doing the investing. (more…)

Deals, Fintech news, news, Remittances

June 23, 2015

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India’s cashless proposal could spur mobile payments

MOBILEMAKERS: The Indian government published proposals to encourage greater take-up of electronic payments in a country where cash still rules.It suggested a range of measures, including tax benefits to merchants if at least half of their transactions are handled electronically. Consumers could also receive income tax rebates if a certain proportion of their spend is cashless. Another idea is for government itself to drop certain surcharges it levies for making card payments.Among the objectives are improving financial inclusion, reducing the risks for individuals of carrying cash, cutting the cost of managing cash in the economy, as well as making tax avoidance harder.

(more…)

Global trends, Government activities, India, InspirAsia

June 23, 2015

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What Does Asia Have To Offer Against Square?

TechInAsiaVladislav Solodkiy, Life.SREDA VC: Last week Jack Dorsey, co-founder and CEO of Square, the world’s third largest fin-tech company by market capitalisation, also took a role of iCEO at Twitter. On top of that, a new wave of rumours about the company to go public by the end of this year hit the media. What do the Asian markets have to offer in respond to this? (more…)

Fintech news, Hotnews, InspirAsia, news, POS/mPOS and online acquiring

June 23, 2015