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July, 2015
Archive

1261

Online Financing in China

TechCrunchChina Rapid Finance, which claims to be the country’s largest online consumer lending marketplace, has closed a $35 million Series C round led by Broadline Capital. The round pegs the company’s pre-money valuation of $1 billion. China Rapid Finance is reportedly gearing up for an initial public offering in the U.S. (more…)

China, Deals, InspirAsia, p2p/online lending

July 29, 2015

1245

Golden Gate Ventures Unwraps $50M Fund For Southeast Asia

TechCrunch: Founders, assemble! There’s a new fund from a familiar face in Southeast Asia. Singapore-based Golden Gate Ventures just announced its second, $50M fund to support startups in the region and international companies looking to move there. (more…)

InspirAsia, news, Singapore

July 29, 2015

1997

Maybank’s Fintech Startup Programme Garners Participation From 115 Tech Firms

DealStreetAsia: Malayan Banking Bhd‘s (Maybank) fintech startup programme, MaybankFintech has garnered participation of a total 115 technology startups, including 109 from the region since its launch at the end of May this year. (more…)

Fintech news, InspirAsia, Malaysia, news

July 29, 2015

1648

Meet The 8 Startups Chosen For Life.SREDA’s Fintech Programme

E27: Meet the first 8 startups chosen for InspirAsia – Life.SREDA’s fintech post-accelerating programme: Softpay (Vietnam), Mobikon (Singapore), Rev (Malaysia), StoreHub (Malaysia), HotTab (Vietnam), Ayannah (Philippines), HomePay (Singapore), TIDE (Malaysia). Singapore-based fintech venture capital firm, Life.SREDA, has announced eight startups selected for its InspirAsia accelerator programme. Each startup that joins the VC fund’s 30-180-day pre-series A accelerator programme, which kicks off in September, will receive between $50,000 and $500,000 in funding, depending on the stage of the startup, in return for 5% to 15% equity, besides $250,000 in support services. At the end of the programme, the fund can decide on additional funding or bridge fundraising from other VCs from its network. (more…)

Hotnews, InspirAsia, Singapore

July 29, 2015

1255

WeChat, Line And Viber As Newcomers In Fintech

TechInAsia: WeChat censorship report: 1.5% of posts get censored. WeChat is China’s hottest social media app. But like internet services in China, discussion on WeChat isn’t entirely free – it is censored by Tencent in accordance with Chinese law. Just how censored is WeChat, and what exactly is being hidden from view? Those questions are the subject of an exhaustive new report from the University of Toronto’s Citizen Lab on WeChat censorship. (more…)

China, Fintech news, InspirAsia, news

July 29, 2015

1055

Fintech’s Five Dark-Horse Cities: Singapore, Berlin, Madrid, Sydney, Amsterdam

TechCrunch: With global investment in fintech having tripled in the last five years, the financial sector is without a doubt in the midst of a revolution. The leading cities in the global fintech race are relatively unsurprising: Silicon Valley, New York, London and Hong Kong are the epicentres of the investment blast. (more…)

InspirAsia, Singapore

July 27, 2015

1206

MAS creates FinTech & Innovation Group, to start in August

Channel NewsAsia: The new group in the Monetary Authority of Singapore will be responsible for regulatory policies and development strategies to facilitate the use of tech to better manage risks, enhance efficiency and strengthen competitiveness.  (more…)

InspirAsia, Singapore

July 27, 2015

946

How Zappos Decides How Much To Pay Employees Under Its New ‘Self-Management’ System

BusinessInsider: In 2013, Zappos began transitioning to “Holacracy,” an alternative management system that replaces a pyramidal hierarchy with a network of circles dedicated to specific functions like marketing or HR, and ditches traditional management. (more…)

Influences FinTech, news

July 25, 2015

2117

Square’s IPO And Dashboard App For iOS

Bloomberg: Square, the mobile-payments company founded and led by Jack Dorsey, the interim CEO of Twitter, filed confidentially for an IPO, people with knowledge of the matter said. Square has been working with Goldman Sachs Group, Morgan Stanley and JPMorgan Chase on the IPO, said the people, who asked not to be identified because the process is private. (more…)

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

July 24, 2015

704

30% Of Etsy Sellers Earn Money Solely From Creative Work

FastCompany: If you’re a young, female creative type, Etsy is the place to be: In a new report released Thursday, the online marketplace divulged that 30% of its sellers rely solely on their creative endeavors, both on and off Etsy, as their primary source of income. And women make up an overwhelming majority of Etsy’s vendors – 86%, to be exact. (more…)

Influences FinTech

July 24, 2015

1084

Bangladesh Backs Mobile Phones To Move Cash Among Rural Poor

Bloomberg: Bangladesh, home to the world’s second-largest mobile money company, is moving to consolidate the industry as it expands financial services to the rural poor. The central bank has proposed channeling all mobile transactions through bank-led companies with a minimum capital of 1B taka ($13M), said Bangladesh Bank Governor Atiur Rahman. This would force smaller providers to merge and link up with banks. (more…)

India, InspirAsia, Remittances

July 24, 2015

1034

POS-Acquiring In Asia

TechInAsia: Mumbai-based startup MSwipe fills the gap with a hassle-free POS device which can work with any mobile phone. Yes, even brick phones. Plug it into the phone’s audio jack, launch the application, and you have a card reader ready to swipe.

(more…)

China, Deals, India, InspirAsia, POS/mPOS and online acquiring

July 22, 2015

773

Singapore Bitcoin Startup, BitX, Gets $4M From Naspers And Digital Currency Group

TechInAsia: Bitcoin is in an interesting phase. With the flight of speculators following the crash of Bitcoin prices, startups in the space are making a slow climb up the “slope of enlightenment” in the hype cycle. It’s where the rubber meets the road. (more…)

Cryptocurrencies, Deals, Fintech news, InspirAsia, news, Singapore

July 21, 2015

918

Uber For Banking? Coins.ph Turns People Into ATMs

TechInAsia: Philippine Bitcoin startup Coins.ph has come up with a way for you to move money without having to deal with a bank. A new service on its Bitcoin wallet called “Teller” turns anyone with a smartphone into an ATM, where you can deposit your money. Think Uber for banking. (more…)

Cryptocurrencies, Fintech news, InspirAsia, news, Philippines

July 21, 2015

1045

Shopify’s iPad POS System Gets Its Own Apps

TechCrunch: Shopify has been steadily improving its iPad-based POS solution since its launch a couple of years prior, in order to better compete with rivals like Revel, Square, ShopKeep, Vend and many others. Today, the company is expanding the capabilities of its iOS POS system with the launch of nearly a half-dozen apps for the platform, allowing merchants to add custom features to their POS solutions without having to upgrade to a more expensive POS platform. (more…)

Fintech news, news, POS/mPOS and online acquiring

July 21, 2015

1453

PayPal IPO Vs Stripe Future

VentureBeat: PayPal started trading on the Nasdaq this morning at $41.46 per share. As an independently traded company, Paypal is already valued at roughly $50B. Compare that with eBay’s market cap of about $33.64B. After spinning off PayPal, eBay’s stock was trading down at $26.89 this morning. (more…)

Deals, Fintech news, Mobile payments/banking, news, p2p-payments, POS/mPOS and online acquiring

July 21, 2015

1046

The 7 Hottest Fintech Companies In Silicon Valley

BusinessInsider: Our 2015 Silicon Valley 100 list highlights the coolest people and companies in Silicon Valley right now. While only seven companies on our list are in the consumer financial technology (fintech) industry, they’re a wildly successful bunch. According to recent numbers, the US is the leading country in investments in FinTech in the last year (up 200% from the previous year). (more…)

Fintech news, news

July 21, 2015

777

Revolut Raises $2.3M For Its Mobile Foreign Exchange Service

TechCrunch: British startup Revolut just raised $2.3M (£1.5M) from Balderton Capital to make you pay less exchange fees when you travel around the world. Also backed by Seedcamp, Revolut provides an app to seamlessly exchange or send money, and an optional debit card to pay around the world or online. (more…)

Deals, Fintech news, Mobile payments/banking, news

July 20, 2015

766

Yuri Milner and Stephen Hawking Drive Future

TechCrunch: What is the greatest question ever asked?” poses Yuri Milner, layering smoked salmon atop toast. My palms are sweating. As if the meeting at the Ritz Carlton with one of the most powerful men in the world (for which I was slightly late) wasn’t intimidating enough, the wait for him to join me – during which the hotel staff informed me of his preferred booth – had me more rattled than I’ve ever been for a briefing. “Mr. Milner doesn’t mind that you’re in a T-shirt,” the waiter said to me as I waited. “He cares about what’s up there,” pointing to my head. (more…)

Influences FinTech

July 20, 2015

1265

Development of Indian crowdfunding and online-lending platforms

E27.CO: Mumbai-based crowdfunding platform for social, personal and creative projects Ketto has raised US$700,000 in funding, led by Pradyumna Dalmia, a member of Calcutta Angels and Sudhir Rao of The Chennai Angels.

(more…)

Crowdfunding/investing, India, InspirAsia, p2p/online lending

July 17, 2015

1062

Apple Pay Vs Samsung Pay

TechCrunch: Samsung has begun rolling out its answer to Apple Pay in Korea this week. The service is called Samsung Pay and it is powered by LoopPay, the Boston-based company that Samsung snapped up earlier this year. It’s due to launch in Korea and the U.S. first before expanding worldwide, but Samsung has nudged it into action with a pre-launch pilot program among Galaxy S6 and S6 Edge owners in its home country. (more…)

Fintech news, Mobile payments/banking, news

July 17, 2015

730

ShoCard Raises $1.5M For Its Digital Identity Card On The Blockchain

TechCrunch: What if you could get rid of your driver’s license? We’re not there yet, but ShoCard just raised $1.5M from Morado Ventures Partners, AME Cloud Ventures, Enspire Capital and Digital Currency Group to do just that. As a reminder, ShoCard certifies and stores ID documents into the Blockchain, so that you can securely retrieve them later and prove your identity whenever you need to. Its first use case is for bank and credit card identification processes. (more…)

Cryptocurrencies, Deals, Fintech news, news

July 17, 2015

689

Apple, Samsung In Talks With Telecom Groups To Launch E-Sim Card

FinancialTimes: Apple and Samsung are in advanced talks to join the rest of the telecoms industry to launch electronic Sim cards, in a move could fundamentally change how consumers sign up to mobile operators. (more…)

Influences FinTech

July 16, 2015

673

The Future Of Retail Won’t Be So Good For Consumers

TechCrunch: Shopping – both online and offline – is a great luxury of the modern era. People can enjoy a great selection at lower prices and shop from the convenience of their home, while still having the option of going to a local mall or retailer to peruse the aisles for instant gratification. But consumers can’t have their cake and eat it, too, and the retail world as we know it today can no longer give it to them. (more…)

Fintech news, news

July 16, 2015

638

How 20 Years of Amazon Changed Retail

WSJ: Since it opened its website in July 1995, Amazon.com Inc. has grown from a seller of books into one of the world’s biggest retailers. Its growth has been fueled by a consumer shift to online shopping and Amazon’s willingness to sacrifice profits to expand. Here’s a look at 20 years of sales for Amazon and 3 close competitors – Target Corp., Best Buy Co. and Barnes & Noble Inc. – and a look how Wall Street has valued those companies. (more…)

Influences FinTech

July 15, 2015

913

How Slack improved our company culture

E27.CO: It’s difficult to find that happy medium between work and personal as well as group and one-on-one, which is why our mini-family relies on Slack. My company, a commercial real estate brokerage with 15 people, uses Slack and we have found it to be an integral part of not only our community culture but also our day-to-day functioning and productivity.

(more…)

Influences FinTech

July 15, 2015

732

How To Get A Government Grant To Kickstart Your Tech Idea In Singapore

TechInAsia: So you got a great tech idea and want to develop it into a MVP? At the idea stage, it is very hard to get angels to fund you. That is where the iJAM.Reload development grant (or iJAM for short) comes in, to support early stage start-ups get off the ground in building their product. (more…)

InspirAsia, Singapore

July 15, 2015

688

Mobikon Raises $2.3M To Dish Up Marketing Software For Restaurants In Asia

TechCrunch: Mobikon, a Pune- and Singapore-based software developer that has its sights set on Asia’s food and beverage industry, has received $2.3M in new funding led by returning investor Jungle Ventures. The startup, which makes cloud-based software to help restaurants manage almost all aspects of their business, is targeting growth in India, Manila, Singapore, Kuala Lumpur, and Dubai. (more…)

Deals, Fintech news, InspirAsia, news, Singapore

July 15, 2015

709

Credit Benchmark Gets Further $20M For Its Consensus Credit Risk Platform

TechCrunch: A year on from an Index Ventures-led $7M Series A, London-based fintech startup Credit Benchmark has extended its runway with a $20M Series B. The startup is building a platform aimed at improving financial market benchmarks and risk assessment analysis by aggregating anonymized credit risk data from multiple banks to build up consensus data. (more…)

Deals, Fintech news, news

July 15, 2015

638

Europe Expansion On The Menu For India’s Zomato

FinancialTimes: Indian online restaurant service Zomato is placing European expansion at the heart of plans to launch in 18 new countries by the end of 2016, fuelled by a new fundraising round that is poised to value the start-up at more than $1B. (more…)

Fintech news, India, InspirAsia, news

July 15, 2015