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March, 2017
Archive

1286

Ping An targets Japan in bid to diversify outside of China

[TOKYO] Ping An Insurance (Group) Co plans to invest US$100 million a year in Japanese companies as it seeks to diversify its investments outside of China. (more…)

Fintech news, Global trends, Hotnews, InspirAsia, Insurance

March 27, 2017

1740

Alibaba’s finance arm to allow financial institutions to set up shop in investing app

By technode

Ant Financial’s investing app Ant Fortune unveiled Caifu Hao earlier this week (more…)

China, Fintech news, Hotnews

March 27, 2017

1675

Last Week in Tech: China’s hits and misses

By Annie Teh for Tech in Asia

Localizing to the Chinese market is tough, and is Jeff Bezos in a Transformers’ movie? Welcome to Last Week in Tech, where we look back at what happened in the tech and startup ecosystem in the last seven days. We’ve also collated a list of regional events to look forward to in the week ahead for your convenience. (more…)

China, Global trends

March 27, 2017

2153

500 Startups invests US$200K in Khmerload, the Buzzfeed of Cambodia

by Yon Heong Tung for e27.com

Khmerload has also set up a sister site in Myanmar called Myanmarload, which has over three million Facebook followers (more…)

Deals, Hotnews, news

March 27, 2017

1151

Cashback app Snapcart closes US$3M Pre-Series A to boost analytics tech

By Yon Heong Tung for e27.com

The new funding round was led by Vickers Venture Partners, Wavemaker Partners, SPH Media Fund and angel investors (more…)

Deals, Fintech news, Hotnews, InspirAsia

March 27, 2017

969

Singapore Exchange boosts tech sector, investor interest and support driving the next wave in technology disruption

Tech stocks listed in Singapore outperformed the benchmark in average return and valuations over the past five years, reflecting investor interest against the backdrop of a new wave in technology disruption. (more…)

Government activities

March 27, 2017

Tradeshift Launches New AI Layer on Platform, Creating Simplified Commerce

By Tradeshift Press release

New intelligence layer, Tradeshift Ada, allows for native and third-party development using artificial intelligence (AI) capabilities for over 1.5 million businesses (more…)

Fintech news

March 26, 2017

1692

Japanese finance app Moneytree raises $9 million to grow enterprise business

By Masara Ikedu for VB

Tokyo-based Moneytree, the Japanese startup offering an asset managing app and cloud-based accounting soutions, announced on Tuesday that it has raised a total of 1 billion yen (nearly $9 million US) in their latest funding round. (more…)

PFM/PFP services

March 26, 2017

2092

InsurTech Industry Has Grown by 25% (As One of the Hottest FinTech Verticals)

By Igor Pesin for LTP

InsurTech is a relatively new industry (more…)

Insurance

March 26, 2017

Build a private blockchain ecosystem in minutes with this open source project

A new open source project called YobiChain enables anyone to build a private blockchain ecosystem preloaded with development tools, database, web & FTP servers and a simple blockchain application. Within minutes. (more…)

Blockchain, Fintech news, Global trends

March 26, 2017

4648

Pluto AI Raises $2.1M in Funding

Pluto AI, a Palo Alto, CA-based smart water management analytics platform, raised $2.1m in funding. (more…)

AI / Machine Learning / Big Data

March 24, 2017

1749

Banks and Tech Firms Battle Over Something Akin to Gold: Your Data

By Nathaniel Popper for CNBC,

The big banks and Silicon Valley are waging an escalating battle over your personal financial data, including the amount you spent on dinner last week and how much you are paying for your mortgage. (more…)

Banks, Hotnews, Security

March 24, 2017

2845

MAS to roll out national KYC utility for Singapore

By Finextra

The Monetary Authority of Singapore (MAS) is piloting a national know-your-customer (KYC) utility for financial services, based on the MyInfo digital identity service, jointly developed by the Ministry of Finance and GovTech, the lead agency for digital and data strategy in Singapore. (more…)

Government activities, Hotnews, Singapore

March 24, 2017

1125

Flipkart acquiring eBay India; raising US$2B investment: Report

By Sainul Abudhen for e27,

eBay is the sixth largest player in the e-commerce space in India after Flipkart, Amazon, Shopclues, Paytm, and Snapdeal (more…)

Deals, Global trends

March 24, 2017

1717

Number of Vietnamese deals dropped in 2016, but were worth a whole lot more

By Kevin McSpadden for e27,

After an explosion in the number of deals in 2015, the Vietnamese ecosystem regressed to the mean in 2016. But, other data supports overall positive growth, continuing a trend that has made Vietnam the darling “up-and-coming ecosystem” in Southeast Asia. (more…)

Fintech news, Global trends, Hotnews, Vietnam

March 24, 2017

2340

Infographic: Ecommerce in Hong Kong

Ecommerce in Hong Kong is rapidly improving, with the latest market size showing consistent growth and average spend per user is also up. A whole 80% of all consumers now transact or research online. A lot of consumers in Hong Kong looks online to find the material of need and the frequently habit of shopping will maybe surprise. (more…)

Global trends, Hong Kong

March 24, 2017

1576

Media-for-equity for fintech startups: the new way to raise funds

Vladislav Solodkiy, managing partner, Life.SREDA VC

Media for equity is an innovative form of venture capital in which advertising inventory supplied by media partners is provided to startups in return for equity. These days, media for equity is the talk of the town. Why? Incumbent media companies are seeing (or have been seeing for the past 7–8 years) their traditional advertising revenues contract and are looking for what they call diversification revenues (hence their backing of startups that can benefit from a boost from a media partner — air time, partnerships, licensing, you name it). Additionally, success stories are increasingly fuelling their appetite to come back for more of these deals. On the flip side, advertising on TV is a pretty interesting and effective way for a consumer-facing (mobile) startup to gain access to a mass market. (more…)

Deals, Hotnews, InspirAsia

March 24, 2017

1969

Clarity Money raises another $11 million to help users improve their financial health

By Ryan Lawler

Founded by serial entrepreneur Adam Dell, Clarity Money makes a personal finance app that aims to help users lower their monthly bills and improve their financial health along the way. Just three months after launch, the company is announcing another $11 million in funding from RRE Ventures and Citi Ventures. (more…)

Deals, PFM/PFP services

March 23, 2017

1770

Ayondo to list in Singapore at a valuation of $158 million

ayondo is a FinTech company within social trading with CFD and Spread Betting as a part of its offering. (more…)

Deals, Financial Markets / Trading, Global trends, Wealth management

March 23, 2017

1910

Central bank of Singapore wants to set up new framework for investment funds

By  for TechinAsia

The Monetary Authority of Singapore (MAS) continues to make it easier for investors to set up new funds and operate in the city-state. Today it announced it has opened a public consultation on a new corporate structure for investment funds. People can submit their comments on a number of questions posed in the consultation paper. (more…)

Global trends, Government activities, Hotnews, Payment processors/providers/gateways, Singapore

March 23, 2017

1196

Octopus Ventures Raises €120M AI Focused Venture Capital Fund

Octopus Ventures, a London, UK-based venture capital firm, has raised £120m for a new fund dedicated to investing in Machine Learning and Artificial Intelligence startups in the UK. (more…)

Deals, Global trends, Hotnews

March 23, 2017

1729

FundThis creates a ‘risk free’ crowdfunding platform

By  for Venture Beat

Fundthis is launching a new “risk-free” crowdfunding platform to enable creators to raise money for new projects, ranging from fashion ideas to tech projects.

(more…)

Crowdfunding/investing, Deals, Fintech news, Global trends

March 23, 2017

925

Amazon delays its entry into Southeast Asia

By Jon Russel for TC

Amazon has postponed its much-anticipated entry into Southeast Asia. The company initially planned to launch local e-commerce services in Singapore during the first quarter of this year, as we reported in November, but two sources with knowledge of the plans told TechCrunch that the schedule has slipped to “later this year”. (more…)

Global trends, Hotnews

March 23, 2017

1140

Revolut to undertake £4 million crowdfund raise; launches subscription service

Revolut is taking a leaf out of Amazon’s playbook, launching a Prime-like subscription account that gives members cheaper deals and the opportunity to participate in a forthcoming crowdfunding raise. (more…)

Deals, Global trends, Hotnews, Payment processors/providers/gateways, Remittances

March 23, 2017

1424

SAP Ariba Will Use Blockchain to Track Shipments, Ensure Authenticity

By Tom Groenfeldt for Forbes,

SAP Ariba, which connects 2.5 million buyers and sellers around the world through its network, today announced it will offer blockchain record-keeping across its cloud-based applications and business network. (more…)

Blockchain, Global trends, Hotnews

March 23, 2017

2143

Malaysia’s Jirnexu raises $1.5 million for fintech software

by  for VB

Malaysian fintech startup Jirnexu has raised $1.5 million in funding from DMP, Gobi Partners, and OSK Ventures International Berhad (OSKVI). (more…)

Deals, Hotnews, InspirAsia, Malaysia

March 23, 2017

972

Amazon Plans a Big Acquisition in the Middle East

Amazon .com has agreed in principle to buy 100% of Dubai-based online retailer Souq.com from its shareholders, sources familiar with the deal said on Wednesday. (more…)

Deals, Fintech news, Global trends, Hotnews

March 23, 2017

978

SAP Ariba unveils Procurement bot, an AI assistant for supply chain management

By Khari Johnson for Venture Beat,

SAP Ariba unveiled an AI-powered assistant named Procurement today to speak with buyers and suppliers about orders in a conversational interface. The announcement was made onstage at SAP Ariba Live conference in Las Vegas. (more…)

Fintech news, Global trends

March 23, 2017

1375

Solarisbank raises $28 million with sights set on Asian market

By BI Inteligence,

While the US and European fintech markets seem to have stalled, Asia continues to show robust growth. (more…)

Banks, Deals, Hotnews

March 22, 2017

847

Goldman building robo-adviser to tap mass affluent client segment

GOLDMAN Sachs Group, known for advising the world’s richest and most powerful, is building a so-called robo-adviser geared to mass affluent customers, according to a job listing posted Monday on the bank’s website. (more…)

Banks, Global trends, Hotnews

March 22, 2017