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4949

8 Reasons To Buy a FinTech Startup

Fintech startups: who buys them and why? They’re expensive, lossmaking and overvalued. Why people even pay for them?

By Igor Pesin, Partner at Life.SREDA

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Columns, Fintech news, news

November 2, 2015

2460

Singapore based VC, Life.SREDA would like to invite Asian Fintech startups to join us at the biggest Fintech event...

Life.SREDA, a leading Singapore based Venture Capital fund would like to invite Asia based startups specialising in Fintech to join us at the holy grail of Fintech events, Money 20/20. (more…)

Fintech news, InspirAsia, news, Singapore

October 20, 2015

4934

4 BEST CASES OF O2O-ECONOMY: BURBERRY, LINE, TESLA, CHEBANCA!

By Igor Pesin, Partner at Life.SREDA

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Columns, Fintech news, news

October 19, 2015

2074

Mobile point of sale venture Softpay gets $1m Series A from fintech VC Life.SREDA

DealStreetAsia: Southeast Asian mobile point of sale (MPOS) venture SoftPay Mobile International, which is incorporated in Singapore but operates in Vietnam, has secured a $1-million Series A investment round led by Singapore-based fintech VC firm Life.SREDA, via their InspirAsia Accelerator. (more…)

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

October 17, 2015

2841

15 Most Funded Fintech Startups in Southeast Asia

TechInAsia: Fintech is one of the darlings of the startup world right now. VCs and investors are tripping over themselves to back startups with new and innovative ideas in the financial technology space. Investment in fintech startups in Asia reached US$797 million in 2014. This puts the continent in second place after the US, with US$3.9 billion, according to a report by Singapore-based venture capital firm Life.Sreda (PDF link). (more…)

InspirAsia, news

October 16, 2015

2495

Life.SREDA, AT Capital lead Series B investment in Lenddo

DealStreetAsia: Singapore-based fintech VC firms Life.SREDA and AT Capital have led a Series B round in Lenddoa provider of data for credit scoring and online verification. The financial terms of the investment are undisclosed. The company will use the funds for business expansion. Other investors participating in this Series B round were Omidyar NetworkBlumberg Capital and Golden Gate Ventures. (more…)

Deals, Hong Kong, InspirAsia

October 15, 2015

7600

The Most Innovative Banks of 2015

Financial Services Club Blog by Chris Skinner: I just attended the Global Banking Innovation Awards at the BAI Retail Delivery Show, an annual event that has gained traction and represents banks from all regions of the world.  Interestingly, Poland, Spain and Turkey regularly appear, which reflects my view that these are the most innovative Euorpean countries for finance, although France got a shout out thanks to Hello Bank! as did Germany thanks to Fidor.  (more…)

Fintech news, news

October 14, 2015

8486

WhatsWeFaceTelKaLiVibeSnap Pay: comparison of messengers’ payment functions

Eighteen months ago, Mark Zuckerberg announced an unofficial messengers’ race for better and faster monetization of a customer base by integrating remittances and payments. How have the players succeeded so far?
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Columns, Fintech news, Mobile payments/banking, Remittances

October 12, 2015

1778

Mobikon Raises Funding from Life.SREDA, Qualgro

E27.COMobikon, a customer engagement and marketing platform for restaurants with operations in various countries across Asia, has secured an undisclosed amount in funding from Life.SREDA, a Singapore-based fintech VC firm. Qualgro Investment Fund, an ASEAN VC firm focussed on technology, education, healthcare and logistics, also co-invested in the round. (more…)

Deals, Fintech news, India, InspirAsia, news

October 8, 2015

10858

22 Business Books That Blew My Mind And Changed Me

Vladislav Solodkiy, Managing Partner, Life.SREDA VC:

I am often asked for tips on good books to read. Recently I have posted an article in Russian listing my favourite business books, which got over 70 thousand views. I hope that the English-speaking folks will also find it useful. (more…)

Columns, Hotnews, Influences FinTech

August 10, 2015

1518

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

1499

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

2372

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

1957

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

1536

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

1332

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

1532

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

1262

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

2611

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

955

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

1369

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

1364

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.

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

July 22, 2015

1095

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

1263

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

1325

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

1803

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

1360

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

1044

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

1006

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

1561

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.

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

July 17, 2015