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Allianz launches innovation lab in Singapore to work on health and smart city living

By Michael Tegos for techinAsia

Insurance giant Allianz announced today it is opening Asia Lab, a space for digital innovation and advanced analytics in Singapore. (more…)

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

May 25, 2016

927

Funding for Venture Capital-Backed Fintech Startups Is Poised to Hit a Record in 2016

By Julie Verhage for Bloomberg

Some good news for private companies. (more…)

Deals, Fintech news, Global trends

May 25, 2016

Commerzbank Selects Infosys to Renew its Investment Banking IT Landscape

By PR Newswire

Infosys and Commerzbank Will Establish a Domain-based Center of Competence (more…)

Deals, Fintech news, Global trends

May 23, 2016

2436

Southeast Asia financial comparison startup Jirnexu lands $3M to expand to digital banking services

By John Russel for Tech Crunch

Malaysia-based financial comparison startup Saving Plus has closed a $3 million Series A round to move into new digital banking services. The company has also renamed itself Jirnexu. (more…)

Deals, Global trends, InspirAsia

May 23, 2016

Capital One Launches U.K. Fintech Accelerator

By Tanaya Macheel for American Banker

Capital One in McLean, Va., has launched an accelerator program for U.K. fintech startups. (more…)

Deals, Fintech news, Global trends

May 20, 2016

882

Samsung partners with Alibaba on mobile payments

By Steven Musil for CNet

World’s biggest phone maker inks payments deal with the financial affiliate of China’s biggest e-commerce company.

(more…)

Deals, Fintech news, Global trends, InspirAsia

May 20, 2016

865

Blockchain Developments Show How Quickly Financial Services Could Be Transformed

By Laura Shin for Forbes

In 2015, as financial institutions woke up to the possibility for blockchain technology, which powers Bitcoin, to improve their processes, a horse race began for incumbents to take advantage of the technology before the Bitcoin network gobbles up too much of their business. Throwing both money and human capital at building their own private blockchains, they seem keen to avoid the fate suffered by newspapers, video stores and record stores at the hands of the Internet. (more…)

Blockchain, Cryptocurrencies, Deals, Fintech news, Global trends

May 19, 2016

1657

Value in volume: 10 notable 500 Startups investments

By Mikey Tom for Pitchbook

When Dave McClure and Christine Tsai announced they were launching a new accelerator program and VC firm back in 2011, the news was met with mixed reactions. (more…)

Deals, Fintech news, Global trends

May 18, 2016

Uber and a Bay Area landlord will pay new tenants $100 a month to go car-free

By Andrew J. Hawkins for the Verge

A first-of-its-kind partnership (more…)

Banks, Deals, Fintech news, Global trends

May 18, 2016

1115

Blockchain startups make up 20% of largest crowdfunding projects

By Alex Sunnarborg for the Venture Beat

The list of top crowdfunding campaigns is becoming increasingly blockchain dominated as of late. (more…)

Blockchain, Deals, Fintech news

May 17, 2016

881

Chiefless Company Rakes In More Than $100 Million

By Paul Vigna for WSJ

Group called DAO is running itself via computer code

(more…)

Blockchain, Cryptocurrencies, Deals

May 17, 2016

577

Singapore startup helps the wealthy visualize their wealth, raises $2.35m

By Terence Lee for tech In Asia

Wealth managers, investors, and high net worth people face an inconvenience. They invest their money in many pots, which means they have to deal with five to 15 financial institutions – including banks, brokers, and insurance companies. (more…)

Deals

May 16, 2016

Venture-Capital Slowdown Hits Asian Startups

Just like their counterparts in Silicon Valley, startups in Asia are facing a tougher fundraising environment as weakness in the global economy and volatility in China’s stock market have made venture capitalists more cautious. Photo: Getty

China, Deals, Fintech news, Global trends, InspirAsia

May 13, 2016

505

Digital challenger bank Tandem smashes crowdfunding target in minutes

By Lynsey Barber for CityAM

Another digital challenger bank has smashed its crowdfunding target within minutes as investors continue to clamour for an opportunity in fintech – and it hasn’t even launched yet. (more…)

Banks, Deals

May 12, 2016

649

Ant Financial report: China’s online spending shifts to services and leisure

By E27.com

The most telling statistic is online consumption of food and entertainment grew by 70X over five years (more…)

Deals, Global trends

May 12, 2016

923

VC’s Hot Deals for LPs May Lack Sizzle

By Yuliya Chernova for WSJ venture Capital

LPs that directly invested in venture-backed startups have done poorly on such deals in the past.

(more…)

Deals, Fintech news, Global trends

May 11, 2016

948

HP Launches Group to Invest in Startups

HP Inc., a descendant of Silicon Valley’s original startup, plans to bet on the next generation of entrepreneurs. (more…)

Deals, Global trends, Hotnews

May 11, 2016

872

Indian Venture Firms Support Accelerator Launch

Pramod Saxena, the founder mobile payment platform Oxigen Wallet, has launched Aarambh Ventures, an accelerator for India-based startups, according to VCCircle. (more…)

Deals, Fintech news, India, InspirAsia

May 11, 2016

Deals: Bango Buys BilltoMobile for Up to $3.75M

Mobile payments company Bango PLC said Monday it is buying BilltoMobile, the U.S.-based carrier billing services of Danal Inc., for up to $3.75 million. (more…)

Deals, Fintech news, Global trends

May 9, 2016

1084

Up and to the right: April’s biggest valuation jumps

Kyle Stanford from Pitchbook

Valuations are in the VC dialogue more than maybe ever before. Nearly as many companies in the U.S. are valued at $1 billion+ than at $500 million to $999 million, an unbalanced ratio that has come about after years of startups and investors doing anything possible to achieve the marketable status. (more…)

Deals, Fintech news, Global trends, Hotnews

May 6, 2016

1363

Fintech Flip-Flop

By Nisha Gopalan for Bloomberg Business

Few words fill banks with more dread these days than fintech, the growing bevy of unregulated upstarts mucking about in their business patch. (more…)

Deals, Government activities, Hotnews, p2p-payments, p2p/online lending

May 6, 2016

947

Deals: Fashion Site Farfetch Gathers $110M for Asia Expansion

(more…)

Deals, Fintech news

May 6, 2016

943

Deals: Fund That Flip Raises More Than $2M in Seed

Company: Fund That Flip

Amount invested: more than $2 million (more…)

Deals, Fintech news

May 6, 2016

823

As Investments Cool, Do Startups Miss Out?

The massive slide in investments for software startups — down 26% in the first quarter — shows just how much investors move in a herd. (more…)

Deals, Global trends

May 6, 2016

Blockchain Firms Team Up with Deloitte

By Bryan Yurkan for American Banker

Deloitte is partnering with five blockchain companies as it seeks practical uses for the emerging technology in its consulting business. (more…)

Blockchain, Cryptocurrencies, Deals, Global trends

May 6, 2016

783

Deals: Pivotal Raises $253M in Round With Ford, Microsoft

Ford Motor Co., like the rest of the auto industry, has a software problem: it is Elon Musk’s Tesla Motors. (more…)

Deals, Fintech news

May 5, 2016

India’s MobiKwik raises $50M for its mobile wallet service

By Jon Russel for Techcrunch.com

The increase of smartphone ownership in India is fueling the rise of mobile wallets in the country. One company leading the charge, MobiKwik, has topped up its own funds with a $50 million Series C round announced today. (more…)

Deals

May 5, 2016

1507

Deals: Remittance startup Azimo raises $15M from Viber owner, e-commerce giant Rakuten

By Ingrid Lunden for techcrunch.com

Azimo was once in talks to be acquired by WhatsApp and Messenger owner Facebook. And while may not have gone anywhere, today it is announcing funding from another big tech company in possession of a major messaging app. (more…)

Banks, Deals, Fintech news, InspirAsia, Remittances

May 5, 2016