Everything You Need to Know About Hong Kong’s FinTech Ecosystem: Startups, Regulators, Investors and Accelerator Programs
Why Hong Kong?
Charles d’Haussy, the Head of FinTech at Invest Hong Kong (InvestHK), gave a perfect answer to our question, saying, “Hong Kong has all the ingredients to be the global and regional FinTech hub. It is one of the international financial centers, the freest economy, rule of law, large talent pool, a strong legacy of trade and work ethic. As well, Hong Kong is a very nice place to live in high efficiency and flexibility. The nature of the city makes networking and meeting people very easy.
The Hong Kong SAR (HKSAR) Government has pledged full support to the FinTech sector, mentioned by our Chief Executive in his latest Policy Address. Together with a strong lead from the private sector, the FinTech ecosystem in Hong Kong has become more vibrant.”
Indeed, Hong Kong has been an innovation hub for many years and is uniquely positioned to become a launch-pad into the biggest consumer market in the world with the support of private and public sector entities.
Sources: Betatron, InvestHK, The World Bank, The GFHF, Long Finance, WEF, IMD, Priori Data, Akamai, GII, Doing Business, Startup HK, Freiser Institute, Heritage Foundation, UN Conference of Trade and Development
Moreover, Hong Kong has the highest rate of FinTech use of all markets surveyed (29.1%), followed by the United States (16.5%), Singapore (14.7%), the United Kingdom (14.3%), Australia (13%), and Canada (8.2%). As for the access to capital for FinTech, D’Haussy noted that the top 10 investments in the APAC FinTech ventures occurred in China and Hong Kong, accounting for 90% of overall APAC investments, and valued at $8.75 billion, while the APAC region has eclipsed Europe, which attracted $1.85 billion in the same period.
According to the FinTech’s global knowledge network MEDICI, over the past few years, Hong Kong FinTech startupsraised over $310 million in funding. Moreover, Chinese money is expected to account for a third of Hong Kong‘s stock trading turnover in three years, as reported by CNBC, up from a tenth now. Some traders say it could hit 50% within five years.
Emphasizing the long way that Hong Kong’s FinTech ecosystem came over the past several years, Henek Lo, General Manager (Australia, Hong Kong, South Korea) of WeWork, said, “In just a few short years, Hong Kong has become a magnet — angel investors, venture capitalists, and young entrepreneurs from around the world have been attracted by the business-friendly climate. In addition, as an economic center, this city is a place where East meets West, leading to a real diverse culture that is full of energy and passion.”
Hong Kong’s FinTech-Dedicated Stakeholders
Hong Kong has a strong and supportive community of FinTech authorities and investors, which includes:
- HK Fintech Association
- Hong Kong Monetary Authority
- Office of the Commissioner of Insurance
- Securities and Futures Commission
- The Bitcoin Association of Hong Kong
- Hong Kong Venture Capital and Private Equity Association
Abovementioned InvestHK is one of the most prominent initiatives spearheading efforts to strengthen Hong Kong as Asia’s leading international business and financial center. Outlining the main reasons Hong Kong is a perfect place to start a business, InvestHK emphasizes the earlier-mentioned government support, strategic location as a gateway to the Asian market, low and simple tax regimes, world-class business infrastructure, business-friendly cities, availability of highly talented professionals and other important markers identifying a perfect hub to start and grow a business.
For FinTech startups looking to explore opportunities for their businesses in Hong Kong, the dedicated InvestHK FinTech team in Hong Kong, UK and US are the primary points of contact to receive free, confidential and customized services and assistances:
- Charles d’Haussy, Head of Fintech (Hong Kong)
- Thorsten Terweiden, Deputy Head (FinTech) (London, UK)
- A new contact will be located soon in USA
Being a highly competitive environment, Hong Kong is also one of the global locations for the most successful incubator programs and strong investors, such as:
- 1823 Ventures
- 500 Startups
- Alacrity Capital
- Alibaba Entrepreneurs Fund
- Arbor Ventures
- Ce Yuan Ventures
- Click Ventures
- CoCoon Ignite Ventures
- CV Ventures
- Fresco Capital
- General Atlantic
- Green Visor Capital
- Gobi Partners
- HK Science and Technology Parks
- Horizons Ventures
- Jen Advisors
- MindFund (Adam D Lindemann)
- MindWorks Ventures
- Monk’s Hill Ventures
- Nova Founders Capital
- Red Chapel Advisors
- Silver Lake
- TA Associates
- Tiantang Ventures
- True Global Ventures
- Vectr Ventures
- Ventris Capital
- Warburg Pincus
- Wavemaker Partners
Being a highly competitive environment, Hong Kong is one of the global locations for globally oriented FinTech accelerators. Some notable examples include FinTech Innovation Hub by HKMA, FinTech Innovation Lab, IC Studio, The Betatron Startup Accelerator, Nest, The DBS Accelerator, The SuperCharger Accelerator, Venturetec Accelerator in Hong Kong, Brinc and Paperclip, Hong Kong’s first dedicated startup campus which uniquely combines Accelerator Programs with Cowork Space and Offices.
Hong Kong government strongly supports the startup community. The government has also set up a HK$2 billion Innovation and Technology Venture Fund to co-invest with private venture capital funds on a matching basis in local technology startups, and Cyberport will earmark HK$200 million to invest in its startups. Cyberport also launched the 35,000 square foot Smart-Space FinTech co-working space for financial technology startups and companies last year. Moreover, the HKSAR government also injected HK$5 billion into the Innovation and Technology Fund (ITF) in 2016 which benefits FinTech and other startups.
FinTech Startups in Hong Kong
Speaking at the InvestHK’s StartmeupHK Venture Forum 2017, the Secretary for Commerce and Economic Development, Mr. Gregory So, said entrepreneurs come to Hong Kong as it has been ranked as one of the fastest growing start-up hubs in the world and has become a hotbed of innovation and a hub for every stage from ideation to commercialization.
“With the vibrancy and entrepreneurial spirit the city is famous for, Hong Kong has a good environment and all the ingredients to facilitate this whole new generation of disruptors to create, test, show and launch their new businesses, right here in our city,” he said.
Bitspark is a remittance platform serving the APAC region. Bitspark provides cash in cash out remittance platform for individuals and Money Transfer Operators to send money to emerging markets cheaper, quicker leveraging Bitcoin as the means of transmission. Currently, Bitspark allows users to send money to the Philippines, Indonesia and Vietnam with cash pickup at partnering shops, pawn shops and local bank account transfers, among other withdrawal methods.
CompareAsiaGroup is a financial comparison platform, with a presence in Hong Kong, Indonesia, Malaysia, Philippines, Singapore, Taiwan, Thailand and Vietnam. CompareAsiaGroup offers a comprehensive overview of various financial products, and is a one-stop solution for price comparison needs in Asia. The company works with over 60 partners in the region, including Allianz, American Express, ANZ, Axa, DBS, HSBC, Generali, MayBank and Citibank.
Currenxie provides same day, spot, and forward foreign exchange services. Currenxie was founded in 2014 and is based in Central, Hong Kong.
Leverate is a broker solutions provider, dedicated to delivering solutions and services that enable Forex brokers and financial institutions to minimize risk and maximize broker’s profit. In 2014, Leverate made its debut in the Number 8 spot as one of Deloitte’s Technology Fast 50 and in 2013, Leverate is approved as a Microsoft Gold Certified Partner.
Plain Exchange is a platform that helps users sell leftover currencies and purchase other currencies from fellow university students. Users can accept other students’ offers or sell their currency at your desired rate having a comprehensive overview of all the offers available to help find the best deal.
Valoot gives consumers the opportunity to select the currency of purchase prior to handing over their card. The solution sources the rates for the conversion straight from the FX market – no more hidden markups and commissions. Valoot charges a small fee for providing the service, passing the vast majority of savings to the consumer and the merchant.
Y2P Technologies (Y2P) is an accessible single platform connecting RMB payments in China to global goods and services. It is coming soon as financial service provider focused on blockchain technology solutions.
YBEX is a marketplace for foreign exchange services that finds, compares and gets the best services and rates for users’ remittance and money exchange needs.
Payments/Money Transfer/Mobile Wallets
33 Financial Services Ltd. is a wholly-owned subsidiary of China 33 Media Group Limited. It is a financial services company and full service international prepaid card issuer based in Hong Kong. It offers Prepaid Card solution and Financial Products in order to facilitate the dynamic B2B and B2C market demand. It also offers consumer and commercial lending, risk management, marketing operations, customer service and information technology.
Addweup is a developer of an excess money converter for freight passengers. The company develops an electronic device that helps passengers at airports to get their excess remaining currency converted, processed or gifted before returning to their home country via an online payback platform.
AsiaPay is an accredited payment processor and payment gateway solution vendor for banks, certified IPSP for merchants, certified international 3-D Secure vendor for Visa, MasterCard, American Express, and JCB.
Cashyou is a free and instant P2P mobile wallet enabling P2P payment through NFC, QR code or online. The company’s goal is to provide a secure and easy way for people to send and receive small but frequent local P2P payment in Hong Kong.
ePaylinks is a retail and internet payment service provider including a bank card acquiring business, established in 1999. The company offers cross-border RMB e-trade settlement services through service network in Hong Kong.
Fuzo is an online platform and wallet for mobile money, bitcoins and blockchain assets transaction. The company offers an embedded security element and eSIM platform which uses mobile virtual SIM card for secure virtual currency transactions.
Jade One is a cash transformation platform. It takes funds, transfers them to another format and facilitates transactions. The platform can transform money, prepaid cards, RFID/NFC wristbands or e-vouchers into the format relevant to clients. They also offer event access, tracking and social media integration.
iBox is a mobile payment service for acquiring banking cards that enable its users to run their businesses from anywhere.
ko-kard is an e-wallet prepaid card management program, built over a powerful payment distribution solution.
Melotic is creating a way to send and receive money, using bitcoin. The company is developing a mobile application that lets users send, receive, and convert money from their phone. Same currency transactions are free, and exchange rates are close to the interbank rate.
Mobexo provides mobile payment services, replacing credit cards, paper money and coins. The company’s solutions enable paying, receiving and transferring money, along with currency conversion services.
MoneySwap PLC engages in providing prepaid card services, and merchant acquisition and remittance services for China UnionPay and operating an online peer to peer foreign exchange and payment platform in Europe and the Asia-Pacific. It offers payment solutions for merchants and MoneyExpress that enables users abroad to remit funds directly to UnionPay cardholders in China.
Pagita is a mobile application which is built following encryption techniques to ensure the security of transactions.
PayAllies is a payment system that process cashless transactions leveraging the current widespread mobile technology and a competitive price model, improves the overall performance of the current payments systems for electronic transfers over the traditional payment channels, providing inclusion and accessibility, focusing on emergent economies.
Paycelerate is a service platform that uses a marketplace model to match supply and demand of short-term working capital. It operates discrete marketplaces between buyers and their suppliers where parties an agree to deals to accelerate payment of invoices.
Launching in early 2017, PayMe from HSBC is a simple, secure and social way to pay, and will be available to everyone in Hong Kong, no matter which local bank you use.
QFPay Science & Technology provides small- and micro-sized businesses with mobile payment technologies and value-added services. It enables small and micro businesses to use mobile payment technologies.
Swish offers mobile payment solutions to banks, payment service providers and telecommunication companies.
TNG Wallet is one of Hong Kong’s leading e-wallets with over 370,000 downloads and usage rate comprising ~5% of Hong Kong’s population. The mobile app features instant money transfer, forex, bank transfer, global bill payment and global SIM top-up functionalities.
Yintran Group is a Hong Kong-based, financial technology development company that has developed the money transfer network. This network allows users to transfer money, via the Internet. The company was established by veteran legal professional, business owner, engineer, and banker.
CCW is an expert broker of superior Hong Kong medical insurance policies, giving users additional options to access superior healthcare services outside of the government-run public system. The company is simplifying insurance and simplifying medical insurance in Hong Kong to make options clear.
CXA Group is a private workplace insurance and wellness marketplace. It transforms a company’s current healthcare spend into personalized benefits and wellness programs. Employees can select a mix of insurance and wellness services from a range of providers to suit their individual needs. Companies purchasing insurance coverage through CXA’s brokerage receive the platform at no additional cost, together with its data analytics as well as flexible benefits and workplace wellness administration.
Edirectinsure Group operates leading online insurance platform in Asia, offering non-life insurance to consumers at a price they can afford, in a language they can understand in a fastest, easiest and most flexible way.
Galileo Platforms platform’s purpose is to make life insurance accessible to Asia’s digital generation.
Gen Life is initially operating as an R&D collaborating with leading insurers. Gen Life uses artificial intelligence, distributed ledger technology, and the cloud to deliver the highest quality risk management, lowest distribution and transaction cost whilst delivering the most engaging and frictionless customer experience.
GoBear is an online comparison portal that provides various products of insurance and finance. It offers consumers a free and transparent comparison process-based on their financial needs.
Inzurer is an online platform for Insurance comparison, advisory, and sales with AI automatic underwriting and pricing. It offers services including AI automatic policy underwriting, AI automatic insurance product pricing, e-policy management, and smart automatic renewal which are available in web, mobile and app.
PolicyPal is a provider of a digital insurance mobile application. The company’s application offers an analysis of existing insurance policies to identify any protection gap in the portfolio thereby helping its customers understand and buy new insurance policies.
Seasonalife is the first insurance robo-advisor in Asia. Seasonalife is an online platform for millennials to research, compare and purchase insurance products in a smarter way. The company aims to consistently deliver high-quality advice that can be scaled at a much lower cost compared to traditional distribution channels.
Shift Technology provides insurance companies with SaaS solutions that utilize advanced data science and machine learning/ artificial intelligence to help insurers detect claims fraud in the Health, Property and Casualty segment (P&C).
8 Securities is an online and mobile investing service in Asia with offices in Hong Kong and Tokyo. 8 Securities’ portfolio includes a robo-advisor service and a mobile stock trading app. 8 Securities was the first in Asia to follow the lead of US-based stock trading app Robinhood and offer no-commission trading.
Aidiya was founded in Hong Kong in October 2011 by a team of computer scientists and financial market veterans. They deploy artificial general intelligence (AGI) technology to identify patterns and predict price movements in global financial markets.
AIMPACT developed powerful functions on its platform covering investor relationship management, equity screening, fund searching, online and face-to-face networking, online cardholder management as well as jobs matching system, in particular for the finance sector.
Bambu is a B2B robo advisor based in Singapore that provides digital wealth services. Their white-label solutions are available for retail, affluent and private banking segments. Bambu’s Robo-in-a-Box offering is available through their DriveWealth partnership.
BondIT is a developer of an online platform for bond portfolio management. The company provides a software-based platform to enable fixed income investment managers with data-driven portfolio construction, optimization, re-balance, analysis and monitoring capabilities.
BrokerFabrik is an all-in-one software that integrates a unique client trading experiences with a robust operational backbone. The software runs on a flexible modular architecture allowing practical customization to perfectly fit unique requirements.
Coherent Capital Advisors provides a web-based analytics and advisory platform focused on asset & liability management, risk & capital management, and advanced analytics.
EquitySim has created a realistic simulation that replicates the stock markets. Users are given play money to invest in real companies in real time and have partnered with over 300 clients to screen for potential recruits.
investOrbit is a cloud-based service that offers a complete business development and investor relations platform; an efficient, secure, real time data and document information exchange; the ability to issue and respond to searches, mandates and RFPs on one unified platform.
InvOrOut allows individuals to invest in ventures alongside leading venture capital funds.
Ironfly Technologies is a trading platform. It provides a combined order and execution management system for equities and equity derivatives.
Iwaitou is an investment platform. It is a hedge fund management and wealth management in the United States. Iwaitou helps Chinese investors prosperously navigate the U.S. equity markets. They provide personal portfolio advice, investment insights and recommendations, a members-only hedge fund, and regular in-person events throughout China and Hong Kong.
KRISTAL ADVISORS (HK) LTD (Kristal) powered by O2O is an AI-powered online asset management platform. The company is licensed by the SFC to carry out Advising on Securities and Asset Management regulated activities.
Lattice is an intellectual property (IP) driven capital-markets FinTech company, focusing on developing front-office portfolio decision-support platform that enables return, risk and cost-aware portfolio investment processes with analytical precision.
Lion Finance is a fully fledged team whose members are specialized in investment, information origination/aggregation, and machine-learning recommendation.
Oxon Consulting is a professional provider of industry solutions and custom services to financial institutions and asset management firms. The company offers consulting services for the building of portfolio analytics reporting platform (performance database, portfolio analytics reporting, factsheet production and cloud-based report distribution solutions) to asset management firms and pension plan sponsors. Oxon also offers a number of pragmatic tools for performance and portfolio analytics reporting.
Prive Managers is a software solution company. It provides an online platform for wealth management, asset allocation, and product structuring tools to advisors, wealth managers, and other clients.
Quantifeed is a digital wealth management solutions provider focused on financial institutions in Asia. Quantifeed’s automated and configurable investment platform allows banks, brokers and wealth planners to offer their customers a digital investing experience under their own brand. The online platform enables users to invest in portfolios of stocks, funds and other asset classes across all major global markets.
Seed Alpha focuses on helping investors outperform the market with innovative tools that solve common problems while fitting into existing workflow. The company brings the best technology practices to the financial services industry through research compliance and information management. Seed Alpha is established to address the challenges faced by investment managers, brokers, research providers globally.
Seekers Capital Group Limited is a Pan-Asian asset management organization that specializes in providing investors with investment opportunities and asset management services. Seekers Advisors H.K. Limited is an SFC Type 9 (Asset Management) licensed entity. The company’s services are specifically tailored to meet the needs of HNW, professional and institutional investors looking for superior risk-adjusted returns.
SmartAlpha is an online data and portfolio management platform dedicated to quantitative investment strategies, including smart beta and risk premia indices. Launched in 2016, the company caters mainly to large institutional investors like sovereign wealth funds, pension funds, private banks and family offices. It aims to improve transparency and access to data in the fast-growing quant index market. SmartAlpha acts as a marketing platform for index providers, and an investment management platform for professional investors.
Veridate Financial is a Hong Kong-based provider of fund administration and back office services to private equity funds and hedge funds in addition to consolidated reporting services to family offices. Veridate’s mission, in conjunction with its award-winning technology partner, is the end-to-end automation of wealth management administration through the deployment of advanced financial technology.
YFF (formerly known as Ruidong Group Co. Ltd.) was established in 1982 and listed on the Main Board of HKEx. In line with the business development, the Group’s subsidiaries are participants of the China Exchange and hold various types of financial securities licenses granted by the Hong Kong Securities and Futures Commission.
Lending/Crowdfunding/Financing and Credit Scoring Solutions
Amplify Capital by AMP Credit Technologies serves needs of small businesses through banks and business service providers. With AMP’s innovative credit scoring and loan servicing platform, their partner institutions can make capital easily accessible to small businesses with minimal development effort or investment and on terms that are fair and responsible.
CrowdAngels offers omni-sourcing for believers. The solution combines integrated crowdfunding and crowdsourcing in a Platform as a Service model (PAAS).
FringeBacker is the crowdfunding platform. It is providing various options for online fundraising including reward-based crowdfunding for projects, to direct fundraising for charities, to empowering people to start their own peer-to-peer fundraisers. FringeBacker also facilitates creative arts, innovative industries and charitable organizations to raise money efficiently.
GoLend Internet Finance is a P2P lending platform featuring Hong Kong mortgage loans, connecting borrowers and investors directly.
Lenddo is a technology company that uses non-traditional data to provide credit scoring and verification for the emerging middle class around the world. Lenddo has developed its patented technology after four years of actual online lending experience that included collection, analysis and processing of billions of data points. The company uses advanced ML techniques to build predictive algorithms. Lenddo’s technologies are open for third parties. The company has partnered with numerous institutions across the world, including I-Lend in Singapore, FKBCG in South Korea and FICO in India.
Microcred takes controlling equity participation in the capital of banks or financial institutions in Africa and China and invests jointly with International Investment Funds and Local partners.
Monexo is an online P2P lending marketplace with the goal of providing superior customer experience and removing the friction in the borrowing process with use of robust technology.
MoneySQ is a fundraising and lending platform. It is involved in finding various ways to utilize financial technology resources to improve the online lending experience.
Next Chapter is a Hong Kong-based rewards-based crowdfunding platform for female entrepreneurs and women-owned businesses.
Qupital is an online invoice financing platform. It allows companies to raise finance against their receivables by connecting them with investors interested in a new asset class.
SimplyGiving is an online fundraising platform enabling supporters to fundraise for their favorite charity or cause. The platform aims to make donating to charity easy; to connect people to great causes; to encourage online communities to help change lives, and to ensure nonprofits do not miss out on the opportunities offered by new technology.
Velotrade provides a web-based platform which brings together businesses willing to sell their trade receivables to investors willing to advance funds.
Woomentum is a crowdsourcing platform that offers the space where women entrepreneurs share their challenge, give support, receive support, inspire each other and solve each other’s problems. A platform makes expertise affordable, showcases the best of female entrepreneurs and taps into the deep knowledge of experts in a host of different fields.
Blockchain and Digital Currencies
Alitobit is a Bitcoin startup based in Hong Kong dedicated to build a better and more accessible Bitcoin network. Alitobit is putting and operating multiple Bitcoin Teller Machines in different areas in HK to provide the quickest way in HK for customers to get Bitcoin using HKD cash in less than 15 seconds. No signup, no verification, no bank wire – simply cash in, Bitcoin out.
ANX International helps companies and institutions harness the advantages of blockchain. ANX is a one-stop shop for blockchain technologies merging traditional payment networks with the new digital assets ecosystem. The company offers a full front-to-back stack of services and managed solution to the global market. ANX customer can benefit from the flexibility of choosing only the technical modules that they require. From an operational perspective, the customer can elect for ANX to run all the core operational services such as customer service, payment processing, KYC compliance, AML monitoring, wallet management and more.
BitFX is a one-stop Bitcoin exchange offering Bitcoin retail services throughout Hong Kong, as well as conventional online bitcoin trading services via mobile and web.
Bitgame Labs is a bitcoin startup offering a range of bitcoin services as technology providers within the gambling industry. The company has teams in Hong Kong, London, Poland and Ukraine.
BitMEX (Bitcoin Mercantile Exchange) is a cryptocurrency derivatives trading platform. BitMEX is wholly owned by HDR Global Trading Limited.
BitNexo helps cross-border SMB commerce companies to pay for goods and services between Asia and Latin America quickly, securely, and with low fees by using blockchain technology.
Bitquant Research Laboratories is mom-and-pop Hong Kong-based financial technology research laboratory developing technologies for local angel investing, trading between Africa and China, and for trading options and futures for Hong Kong equities and digital currencies. All of our software is open source and available through our GitHub repository.
bitSIM puts MobileMoney, Bitcoins & Blockchain Assets on top of any existing SIM card enabling Bitcoin transactions between anyone, anywhere, on any phone, any time.
CoinDirect is a software-as-a-service (SaaS) company that facilitates payments in bitcoin. The ompany provides the matching of customers to products, invoicing, facilitating payment collection, and confirming the transaction all without ever having access to or holding any Bitcoin.
CoinSimple gives the benefit of a Bitcoin payment processor and a secure, private wallet in one. Users can connect their CoinSimple account to the Bitcoin wallet of their choice and begin invoicing customers.
Cryptonator is an all-in-one online cryptocurrency wallet which supports multiple cryptocurrencies such as Bitcoin (BTC), Litecoin (LTC), Dogecoin (DOGE) and others. It enables fast and easy direct transactions and allows instant exchange between different cryptocurrencies in one personal account.
DigiByte (DGB) is a worldwide decentralized payment network and digital currency, inspired by Bitcoin. DigiByte enables lightning fast transactions with minimal or no fees. Users can send and receive DigiBytes to or from any DigiByte address in the world in a matter of seconds with no required sign up, registration, or hidden fees. DigiByte uses P2P technology to operate with no central authority; managing transactions and the issuing of DigiBytes is carried out collectively by the network. DigiByte is open-source; its design is public, nobody owns or controls DigiByte and everyone can take part.
EquiChain is a global capital markets infrastructure platform to drive market efficiency and improve global investor access in emerging and frontier markets with headquarters in London and Asia regional office in Hong Kong. The company’s patent-pending DLT solution creates a verifiable, transparent and immutable flow of information, facilitating direct interaction and enabling the streamlining of current market processes.
Gatecoin is a financial institution for digital currencies. It provides an online trading platform for cryptocurrency and blockchain assets.
Octagon Strategy Limited is a privately-owned company specializing in commodity and digital asset trading across international markets. They offer services in the finance industry with market insights, network of relationships, trading acumen, and trading strategies.
OKCoin is a digital asset trading platform. It is the largest Bitcoin company headquartered in Beijing, China with an upcoming international office based in Hong Kong. OKCoin is committed to operating the largest Bitcoin exchange and using blockchain technology to dramatically improve payment systems. OKCoin was founded in 2013 and has raised US$10mm in investments from Ceyuan Ventures, Mantra Capital, VenturesLab and other notable private investors including Silicon Valley investor Tim Draper.
OKlink provides bitcoin-based cross-border transfer service which allows users to send national and digital currencies across borders free of charge.
Otonomos is a platform to maintain a blockchain-chartered company, in which to hold the shares in the same way as owning bitcoins in a digital wallet. It makes the company shares to be coded onto the blockchain and transferable with the same ease as making a Bitcoin payment.
VMX Labs is a blockchain startup in Hong Kong focusing on GPU Mining, Ethereum DApps.
XNotes Alliance is a technology company and member organization that provides business-driven, currency agnostic and energy-efficient enterprise class blockchain-based solutions.
PFM and Digital/Mobile Banking Solutions
MoneyHero is an online comparison platform for financial and insurance products. It offers credit card comparison, personal loan comparison, mortgage comparison, and insurance comparison.
Neat is a mobile current account solution that allows users to follow their finances, set saving goals and have a 100% digital banking experience. It is designed for the millennial generation and will come with a MasterCard for online and offline shopping. The service is yet to be launched and only has limited invitations.
PortSight Limited is a comprehensive personal wealth management platform for complete control over the state of personal assets.
Tapeke is a zero-knowledge personal finance application specifically designed for users of bitcoin and other cryptocurrencies. Tapeke helps bitcoin enthusiasts see the full scope of their crypto-wealth at a glance. The dashboard displays customizable details and summaries of inflows, expenditures, and balances using the public addresses from any or all wallets a user may have.
You Technologies provides technologies and financial services to financial institutes.
APrivacy provides banking and finance industry with an information security and tracking service. APrivacy’s patented solution allows bankers to communicate and share information with their clients using the devices they prefer (iPhone, Android, etc.) via the channels they prefer (Gmail, Outlook, Dropbox, etc.) and the medium they prefer (email, PDF, PPT, Word, Excel, etc.). APrivacy has offices in Ontario, Canada, and Hong Kong.
DemystData provides an attribute platform that works with data sources, including telcos, social, ID, fraud, websites, text, news, logs, and more for the creation, hosting, and delivery of actionable attributes. It helps organizations to unlock financial services through the use of data, decisions, and infrastructure.
Entersoft is an application security provider. It is engaged in offensive assessment, proactive monitoring and pragmatic managed-security which provides cost effective solutions to application security.
Id.net is a highly secure login system to centralize and manage personal accounts for multiple websites.
The Cloudminer offers a cloud-based data mining software suite that aggregates data from multiple commodities.
Tranwall is a fraud prevention company with a mission to build trust in the global payments industry by putting transaction control in the hands of every consumer.
Vaultarch is a provenance site for collectible card games. Trading cards are vulnerable to theft & loss, hard to insure, risky to buy and sell over the internet, and exposed to loss of value from counterfeiting. Owners can protect their cards by logging images of valuable cards into Vaultarch database. The solution will extract a fingerprint from the fabric of the card, making it unique, and timestamped as existing today.
Enterprise Communication and Engagement Solutions
Clare.ai builds white-label chatbot to help banks provide a more personalized banking experience for retail customers. The company’s algorithm is pre-trained with over 500,000 questions in 4 plug-n-play modules – customer service FAQ, appointment making, personal financial management and internal enquiries for IT and HR. The chatbot is also platform-agnostic.
Contineo is the first industry-supported, open messaging network for private banks and wealth management firms to access issuers of structured products. Contineo provides multiple ways to connect, multiple APIs to choose from, and multiple issuers on the network. Contineo’s technology provides clients options and access, and also standards to allow rapid connectivity and the means to integrate services directly into their front, middle and back-office systems. The company also works with other certified technology vendors to connect their products to its network.
CustomerMatrix is the artificial intelligence for banks and insurance companies. They are a founding member of the Cognitive Computing Consortium with IBM-Watson. It offers a market-based cognitive computing platform, it helps companies capture hidden revenue opportunities, by recommending specific actions for customer-facing employees and placing recommendations.
WeConvene is a platform for the finance community aimed at revolutionizing how interactions between investors, corporate and the sell side community are managed, measured and evaluated. WeConvene brings both the buy side and sell side onto a common platform; streamlining corporate access booking, eliminating the need for email, and returning to portfolio managers, analysts and salespeople their most valuable asset.
PassKit connects infrastructure CRM systems, loyalty management software, POS systems, and locations to the latest consumer-facing mobile platforms. The company’s proven, enterprise-grade infrastructure enables businesses to instantly and continuously leverage all of the latest customer engagement technologies – making every micro-moment of the customer journey matter.
PaynPaid is a cross-border payments platform that enables businesses and professionals from over 200 countries to grow globally by facilitating seamless, cross-border payments. Additionally, corporations and marketplaces can rely on PaynPaid mass payout services to send funds to their beneficiaries worldwide.
Proximiti is a location-based service and analytics platform to telecommunication service providers, banks, sports, and media firms.
Chekk is a place to store and manage all kinds of information. It is a data storage and sharing tool, mobile visual cards service to manage personal and professional brands and an aggregator of emails, news and social networks.
Dragon Law provides a web app that allows clients to draft legal documents using its simple, Q&A interface.
KYC-Chain is a platform built over the convenience and security of DLT, allowing users to manage their digital identity securely, while businesses and financial institutions may manage customer data in a reliable and easy manner.
Veridate Financial is a provider of fund administration and back office services to private equity funds and hedge funds in addition to consolidated reporting services to family offices.
Carte Blanche helps clients to achieve the freedom to live the lifestyle of their choice. The company works closely with clients to define a plan based on their specific goals and concerns within their risk tolerance and circumstances.
Celer Technologies is a financial software company. It provides a modular-based platform with the flexibility to meet today’s dynamic business environment.
Enuma Technologies is an engineering firm focused on building software and hardware solutions. They offer services including data & analytics, cloud services, mobile applications, IoT/connected devices, financial technologies and security.
Eureka will be launching soon. They are building an intelligent interface for the enterprise resources and helping companies re-think how their employees and clients access and use their datasets, analytics and workflows in the emerging robots era.
FinFabrik is a financial technology company that combines comprehensive business advice with delivering tailored IT solutions – all under one roof. The company explores and defines strategy and operations with the client; builds technology, and runs infrastructure allowing businesses to focus on what is most important: the customer.
Helios is an artificial intelligence platform. It converts complex data into actionable strategy. They use machine learning, statistical modeling, and applied decision theory to deliver artificial intelligence solutions for their clients.
HEYCOINS is a chain kiosk that tackles the hassle and inconvenience created by the use of physical coins. HEYCOINS Kiosk collects coins from general people and converts them into the digital currency that can be used for various purposes, including e-wallets recharge, transportation/cash cards top-up, e-cash coupons purchase and charitable donations.
Salarium provides an end-to-end payroll solution for companies around the globe. The company’s solutions can be delivered in a bundle of five components or separately (Time & Attendance, Expense Reimbursement, Payroll processing, Disbursement and Compliance).