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733

Deals: Migme raises $5m from Meitu to one-up Instagram and Snapchat in Asia

By Terence Lee for TechinAsia

Migme, which calls itself a “digital media company” for emerging markets, is many things. It’s a social network, a chat app, and a place to listen to music, engage with celebrities, and play games. (more…)

Deals, Fintech news, Global trends, InspirAsia

March 6, 2016

1353

Google and Accel see huge potential for Indian SaaS startups

By Malavika Velayanikal for TechinAsia.com

Cloud-based software-as-a-service (SaaS) products are seeing hyper growth as small and medium businesses (SMBs) take to them in a big way. And Indian SaaS startups are well-placed to capitalize on it, says a joint report by Google and Accel Partners released today. (more…)

Fintech news, India, SME

March 6, 2016

1232

Coworking spaces are on the rise — here’s why

By Vladislav Solodkiy, Managing partner of Life.SREDA

I remember, when I was first starting out, the whole concept of a coworking space seemed strange. (more…)

Fintech news, Global trends, Singapore, SME

March 6, 2016

India to study mergers of state-run banks in efficiency push

By Nidhi Verma

India will consider merging some of its more than two dozen state-run banks, the finance minister said on Saturday, as the government seeks to improve efficiency at the ailing lenders that dominate the nation’s banking sector. (more…)

Banks, Deals, Fintech news, Global trends, India

March 5, 2016

563

Here’s How PayPal Allows Merchants to Use Buy Buttons

By Leena Rao for Fortune

PayPal announced a new set of tools for merchants. (more…)

Fintech news

March 5, 2016

FreeCharge drives cashless payments with Ezetap

Counting and handling cash may soon become a thing of the past for offline retailers. FreeCharge, the digital payments platform, has inked a partnership with Ezetap, the Bangalore-based pioneer in mobile payments, allowing the entire base of FreeCharge users to immediately start using their wallets to make payments at thousands of Ezetap service points consisting of small and mid-sized retailers across India. (more…)

Fintech news

March 5, 2016

Nearex Launches XipPAY for Offline Payments – First Cashless Fare Payment System for the Unorganized Transport Sector

Singapore, Singapore, February 19, 2016 –(PR.com)– Nearex, a Singapore technology start-up that’s rapidly emerging as a category leader in the mobile micropayment domain announced that it is showcasing a breakthrough mobile payment system for the unorganized public transport sector at the MWC 2016 in Barcelona. (more…)

Deals, Fintech news

March 5, 2016

502

Zopa aims for enough growth to stop explaining its name

Fintech news

March 5, 2016

588

What Lending Club’s falling share price means for the P2P lending sector

By Mike Lobanov for Techcrunch

Lending Club, the largest P2P lending platform in the U.S., has seen its share price drop by more than 50 percent since December 10; the price per share on the NASDAQ Stock Market dropped from $14 to less than $7 (current price per share will vary). (more…)

Fintech news

March 5, 2016

540

Dwolla fined $100,000 for misrepresenting its data-security practices

By Catherine Shu for Techcrunch

Online payment processing startup Dwolla has been hit with a $100,000 penalty by theConsumer Financial Protection Bureau (CFPB). The CFPB, a government agency, said in aconsent order that Dwolla misrepresented the safety of its data-security practices. (more…)

Fintech news

March 5, 2016

2255

Life.SREDA VC report: Venture Debt

Life.SREDA VC  is focused on financial, mobile and internet businesses shares their findings on things you need to know about venture debt. 

Read our full research “Money of the Future”. Download PDF (20MB)
(more…)

Analytics, Fintech news, Hotnews, SME

March 5, 2016

Student Lender SoFi Said to Explore Mortgage REIT Formation

By Matt Scully for Bloomberg

Social Finance Inc. is sketching out plans to start a real estate investment trust that would buy the mortgages the startup lender makes, according to two people with knowledge of the matter. (more…)

Fintech news

March 4, 2016

Online upstarts alter lending landscape

By Russell Grantham for MyAJC

Online business lenders like Kabbage and CAN Capital have burst on the scene with what they view as a better mousetrap, causing headaches for old-line lenders such as community banks. (more…)

Fintech news

March 4, 2016

678

Singapore tops mobile app economy, but for how long?

By Kevin McSpadden for e27

While China, India and Indonesia rank low in today’s regional ecosystem, they are set for major jumps in the future and are projected to lead APAC in the years to come (more…)

Banks, Fintech news, Global trends, InspirAsia

March 4, 2016

821

This is how Australia is changing to become startup friendly

In interviews with the Australian Ambassador to Israel and StartupAUS’ Acting CEO, Geektime learned how Australia is making big changes to grow their ecosystem (more…)

Banks, Deals, Fintech news, Global trends, InspirAsia, Insurance, news

March 4, 2016

1417

Why most innovation in fintech is not disruptive enough

By Antony Lewis for TechinAsia,

I recently read about Professor Clayton Christensen’s fascinating model for identifying and dealing with disruptive innovation, and will attempt to summarise it in this post. (more…)

Analytics, Fintech news

March 4, 2016

629

Africa Roundup: Goldman backs startup African Internet Group to become continent’s 1st unicorn

By Jake Bright for Techcrunch

The big tech news is the recent torrent of capital to Africa Internet Group (AIG)—which owns online retailer Jumia and 9 other e-ventures. (more…)

Fintech news

March 4, 2016

Rocket Internet’s Africa Internet Group raises $326M from Goldman Sachs and others

By Jon Russel for Techcrunch

Fresh from pulling in $83 million from European insurance giant AXA last month, Africa Internet Group (AIG) — the Rocket Internet-backed company behind e-commerce siteJumia — has announced that it has raised a much larger €300 million ($326 million) in fresh funding. (more…)

Banks, Deals, Fintech news

March 4, 2016

639

StockRadars expands its stock analysis app in Asia and begins to offer live trading

By Jon Russel for Techcrunch

US-startup Robinhood is one of a number of fintech companies using technology to open the public markets and other investment opportunities to anyone. Its product is at the cutting-edge, having recently enabled instant trading inside its app, but financial barriers aren’t just being pushed in Western markets. (more…)

Deals, Fintech news

March 4, 2016

1385

Fastest Crowdfunding Ever: £1 million in 96 Seconds

By Tom Blomfield, Mondo

Yesterday at 1pm we relaunched our crowdfunding round after overwhelming demand crashed Crowdcube’s servers on Monday. (more…)

Banks, Fintech news, Mobile payments/banking, Mobile-first banks

March 4, 2016

2010

KPMG report: Innovative finance

Traditional finance business models are being crunched by macro-economic events, but KPMG sees opportunities ahead (more…)

Analytics, Banks, Fintech news, Global trends, news

March 4, 2016

1022

Google pilots hands free payments app

By Nick Statt for the Verge.com

Google today released an experimental payments app called Hands Free, a service that lets you pay for items in stores without taking your phone out. (more…)

Cashless, Fintech news

March 3, 2016

876

Deals: Singapore bank UOB will invest $10m in an equity crowdfunding site

By Terence Lee for TechinAsia

Singapore’s banks are head over heels in love with fintech. Well, I’m exaggerating, but it’s true that financial institutions in the country are exploring ways to use technology to improve their offerings. (more…)

Banks, Deals, Fintech news, Global trends

March 3, 2016

6409

Life.SREDA VC report: Neo- and challenger banks are coming

Key findings on upcoming trends in the banking sector. 

Read our full research “Money of the Future”. Download PDF (20MB) (more…)

Analytics, Banks, Fintech news, Global trends, Hotnews, Mobile-first banks

March 3, 2016

1062

Square Makes Small Business Push For Growth Ahead Of Earnings

By Ryan Mac for Forbes,

Following Square’s initial public offering in November, the company’s executives hung up a new sign at San Francisco headquarters to remind employees of their mission. Located just through the doors of Square’s main entrance, the white block letters set against a similarly colored backdrop broadcasts one of CEO Jack Dorsey’s highest principles: “Economic Empowerment.” (more…)

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

March 3, 2016

1357

Square’s new product “Cash” can now hold a balance

By Matthew Lynley for Techcrunch,

Square Cash, the peer-to-peer payments app that aims to replace cash by offering instant deposits, rolled out another feature today that better positions the app to challenge competitors like PayPal and Venmo: the ability to maintain a cash balance.

(more…)

Cashless, Fintech news, news

March 3, 2016

967

HBR: What startup accelerators really do

By Ian Hathaway for Harvard Business Review,

The well-advertised boom in startups and venture capital in recent years has coincided with the emergence of new players in startup ecosystems. One of these, startup accelerators, has received a great deal of attention but also little scrutiny. (more…)

Fintech news

March 3, 2016

1112

Honda bets that cars are the next mobile payment platform

By Liane Yvkoff  for Forbes

The future of mobile commerce could be in the car. Honda teamed with Visa to demonstrate at the 2016 Mobile World Congress that apps embedded in its infotainments system could soon be used to pay for items without leaving the comfort of their car. (more…)

Cashless, Fintech news, news

March 3, 2016

Myanmar shows green light to four more foreign banks, all from Asia

By Juliet Shwe Gaung  for DSA

The Central Bank of Myanmar has awarded preliminary operating licenses to four more foreign banks, all from Asia,  – Bank for Investment and Development of Vietnam, State Bank of India, Taiwan’s Sun Commercial Bank and South Korea’s Shinhan Bank. With this move, the total number of foreign banks that are allowed to operate in the frontier market touches 13. (more…)

Banks, Fintech news, Global trends

March 3, 2016

Lending Club Reports Operating Revenue of $427 Million. Will Start Share Buyback Program in the Amount of $150 Million

by JD Alois for Crowdfunding Insider

The leading marketplace lending platform in the US Lending Club (NYSE:LC) reported Q4 and 2015 full year results this morning.  The company also reported that, to date, it has facilitated over $16 billion in consumer and SME loans.  Lending Club also revealed its intent to launch a share buyback program of $150 million.  Lending Club beat analyst expectations and shares were boosted by the positive outlook delivered by Lending Club. (more…)

Fintech news

March 3, 2016