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Blockchain startup Factom raises $8m

Factom, Inc., a blockchain as-a-service (BaaS) technology company has closed their Series A funding at $8,029,796 USD following the launch of its mortgage product, Factom Harmony. (more…)

Blockchain, Deals, Global trends, InspirAsia

April 20, 2017

japan-flag

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Mizuho enters digital wallet joint venture with Metaps

By Mizuho

Mizuho Financial Group, Inc. (President & Group CEO: Yasuhiro Sato), Mizuho Bank, Ltd. (President & CEO: Koji Fujiwara), Metaps Inc. (CEO: Katsuaki Sato), and WiL LLC (CEO: Gen Isayama) signed an agreement for capital participation and business cooperation for the purpose of providing a new settlement service using FinTech. (more…)

Banks, Deals, Hotnews, InspirAsia

April 20, 2017

Paytm in talks to raise up to US$2B from SoftBank; looking to buy FreeCharge from Snapdeal

By Sainul Abudheen K for e27

With this all-cash deal, the Indian m-commerce and mobile payments company’s valuation will go up to US$9 billion (more…)

Fintech news, Global trends, Hotnews, InspirAsia

April 20, 2017

Nomura sets up Indian fintech programme; creates $92 million startup investment fund

Japanese investment bank Nomura has set up a fintech programme in India, inviting entrepreneurs to join it at a Mumbai base to build new tools for capital markets. (more…)

Fintech news, Government activities, Hotnews, InspirAsia

April 20, 2017

UOB, KrisFlyer launch savings account that rewards with air miles

ByYasmine Yahya for Straights Times,

SINGAPORE – United Overseas Bank and KrisFlyer have tied up to launch a savings account with debit card that rewards account holders with air miles when they save or spend.  (more…)

Banks, Fintech news, Hotnews, InspirAsia

April 19, 2017

Japanese Government Unveils Evaluation Process for Blockchain Platforms

By Samburaj Das for CCN.la
In a month where bitcoin gains prominence in Japan’s mainstream after the cryptocurrency saw recognition as a legal method of payment, the Japanese government has revealed a method to evaluate blockchain platforms that are widely expected to transform a number of industries. (more…)

Government activities, InspirAsia, Marketing Report, Payment processors/providers/gateways

April 19, 2017

Lazada’s payment platform helloPay merges with Alibaba’s Ant Financial, rebranded as Alipay

By Sainul Abudheen K  for e27

Ant Financial, the mobile and online payment platform owned by Chinese e-commerce giant Alibaba, has merged with helloPay Group, which runs the helloPay payment platform on online shopping and selling platform Lazada. (more…)

Deals, Fintech news, Hotnews, InspirAsia

April 19, 2017

Procter & Gamble to spend $100m for Singapore innovation center

By Judith Balea for Tech in Asia

Procter & Gamble today announced it would invest US$100 million over the next five years in a digital innovation center in Singapore, its first outside of the US. The project is being done in partnership with the Singapore Economic Development Board. (more…)

Accelerators/Incubators/Labs, Fintech news, Global trends, Hotnews, InspirAsia

April 18, 2017

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5 fintech startups to look out for at TIA Singapore 2017

By Jing Weng for Tech in Asia

With the country’s move towards becoming a Smart Nation and a global fintech hub, Singapore has become an increasingly attractive destination as fintech startups’ “preferred gateway” into Asia. (more…)

Deals, Fintech news, Global trends, InspirAsia

April 18, 2017

Ant Financial partners with Emtek to expand into Indonesia

By Sheila Yu for TechNode

Ant Financial, the financial affiliate of Chinese e-commerce giant Alibaba, announced on Wednesday a strategic partnership with Indonesia’s second largest media firm Elang Mahkota Teknologi (Emtek), in its latest efforts to expand its presence in overseas mobile payment market, local media is reporting (in Chinese). (more…)

Global trends, Hotnews, InspirAsia, Payment processors/providers/gateways, Payment systems

April 18, 2017

Cambodia’s Fintech Industry Set to Thrive

By FintechNews Singapore

ambodia’s fintech ecosystem is more nascent than other markets in Southeast Asia and lagging behind the likes of Thailand and the Philippines. Yet, this landscape is quickly changing as engaged institutional partners are set to add to the pace of growth for fintech. (more…)

Fintech news, Global trends, InspirAsia

April 18, 2017

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Robo-advisor startup StashAway gets in-principle approval from MAS to manage investment portfolios

By Yon Heong Tung for e27

It received an in-principle approval for its Capital Market Services License for Retail Fund Management from the Monetary Authority of Singapore

(more…)

AI / Machine Learning / Big Data, Deals, Financial Markets / Trading, Hotnews, InspirAsia, Wealth management

April 17, 2017

Brief: Japanese billionaire Taizo Son moves to Singapore, plans $100m for SEA startups

By Nadine Freischald for Tech in Asia

  • Taizo Son, the younger brother of SoftBank founder Masayoshi Son, has relocated from Tokyo to Singapore and plans to invest US$100 million in Southeast Asian startups. (more…)

Global trends, InspirAsia

April 17, 2017

I snapped this in Corcovado National Park on the Osa Pennisula in southwestern Costa Rica. Leaf-cutter ants are farmers. They harvest leaves which they mix with their saliva in their nests.

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Alibaba’s Ant Financial may have won the bidding war for MoneyGram after upping its offer to $1.2B

by ,

Ant Financial, the Alibaba affiliate company focused on financial services, appears to have finally won its battle with Euronet to acquire MoneyGram, the U.S.-based cross-border payments service, after it increased its bid to $1.2 billion. (more…)

Deals, Global trends, Hotnews, InspirAsia

April 17, 2017

China

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CHINA: THE WORLD’S NEW FINTECH LEADER

By Alexander Jones, International Banker

The centre of financial technology (or fintech) is migrating eastwards. (more…)

Fintech news, Government activities, InspirAsia

April 16, 2017

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Simple is closing some customer bank accounts, and users are mad as hell

by  for techcrunch.com

Simple, the online banking service that promised to be a better alternative to big banks like Chase or Citibank, is falling short of some users’ expectations. This time, it comes as a result of the sudden and surprising notice customers received alerting them that their accounts would be closed next month. (more…)

Fintech news, Hotnews, Influences FinTech, InspirAsia, Mobile-first banks

April 16, 2017

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Insurtech has a growing role in Pakistan, and it can change lives through better financial smarts

ByMuhammad Waqar Asghar for e.27

In Pakistan, insurance is now becoming even more accessible to the market, thanks to the ongoing digital transformation, which can help grow the industry and improve coverage for customers (more…)

Global trends, Influences FinTech, InspirAsia, Insurance

April 13, 2017

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Apac banks suspicious about fintech consortiums

A research paper has revealed a level of scepticism among Asia Pacific banks when it comes to joining forces with fintechs. (more…)

Banks, Global trends, Hotnews, InspirAsia

April 13, 2017

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Stripe acquires Indie Hackers in bid to strengthen relationship with entrepreneurs

By Ken Yeung for Venture Beat

Stripe has acquired the knowledge-sharing service for entrepreneurs known as Indie Hackers. While financial terms of the deal were not disclosed, Indie Hackers will remain operational as an independent subsidiary. Stripe hopes that this transaction will enable it to strengthen its relationship with startup community and further increase “the GDP of the internet.” (more…)

Fintech news, Global trends, Hotnews, InspirAsia, Payment processors/providers/gateways

April 12, 2017

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Digital Identity for the Digital Ecosystem

By LTP Identity garners a lot of attention, particularly in financial services. LTP continues to follow identity trends around the world, ask questions, and help you keep a pulse on what’s happening. We’re very excited to be knowledge partners of the K(NO)W Identity Conference and hope to see you in Washington DC on May 15th. (more…)

Hotnews, InspirAsia, Security

April 12, 2017

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Techstars partners Echelon, set to connect SEA startups across a 600-city network

By Chee Hui Ming for e27.com

 Curious about how to build your business wherever you choose to live? You don’t have to be in SV to benefit from APAC’s strongest startup community. Join Techstars and e27 on a journey from Penang, to Bangkok, to Singapore and Jakarta. (more…)

Accelerators/Incubators/Labs, Fintech news, Global trends, Hotnews, InspirAsia

April 11, 2017

instarem

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SG’s InstaRem partners ASX-listed Goldfield Money in Australian push

By Shiwen Yap for DealStreet Asia

Singapore-headquartered fintech company InstaReM has partnered ASX-listed Goldfield Money to provide digital banking services for migrants and overseas-based small and medium-sized enterprises (SMEs) operating in Asia. (more…)

Global trends, Hotnews, InspirAsia, Remittances

April 11, 2017

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Thailand’s Digital Ventures invests in geolocation data firm Pulse iD

Digital Ventures, a fintech-focussed venture capital subsidiary of Siam Commercial Bank (SCB), has invested in Hong Kong-based geolocation data startup Pulse iD, the bank said on Tuesday. (more…)

Deals, Fintech news, Global trends, Hotnews, InspirAsia

April 11, 2017

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Capital Float Tops Up Capital Raise

By PYMNTS,

India-based SME lender Capital Float has added a bit of funding to its books thanks to a $2.3 million raise announced Monday (April 10). (more…)

Deals, Fintech news, Global trends, Hotnews, InspirAsia, p2p/online lending, SME

April 11, 2017

Nets buys two payment units from OCBC

By Siow Li Sen for Business Times

NETS will buy two payment companies wholly owned by OCBC Bank as part of a move to go cashless in Singapore. (more…)

Banks, Deals, Hotnews, InspirAsia, Payment processors/providers/gateways

April 11, 2017

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Digital hubs take center stage as the Malaysian startup ecosystem leans into developing the digital economy

By Lyra Reyes for e27.com

Situated at the heart of SEA, Malaysia’s strategic location affords it the capability of easily connecting to a regional market of over 625 million people as it shares land and maritime borders with 6 countries. (more…)

Fintech news, Global trends, Government activities, InspirAsia, Payment processors/providers/gateways

April 10, 2017

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Moneytree Sees Green with $9 Million Funding Round

By Julie Muhn (@julieschicktanz) for Finovate

Japanese personal finance app Moneytree has landed $9 million (¥ 1 billion) in a series B round recently. This is the company’s third round of funding and brings its total raised to $10.5 million. SBI Investment led the round. Mizuho Capital, SMBC Venture Capital, Salesforce Ventures, Fukuoka Technology Partners, Hiroshima Venture Capital, Senshu Ikeda Capital, and Baillie Gifford also participated. (more…)

Deals, Fintech news, Global trends, Hotnews, InspirAsia, p2p/online lending

April 7, 2017

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Fintech deal size in Southeast Asia dropped in 2016, is only tiny spec of global market volume

By Igor Pesin, Partner, Life.SREDA

As I wrote last time, in 2016 China became the new leader in fintech worldwide with 39 per cent of global volume. (more…)

Fintech news, Global trends, Hotnews, InspirAsia

April 7, 2017

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India: Softbank in talks to sell Freecharge at half the price at $200m

By The deal Street Asia

With the on-going sale talks at Indian e-commerce firm Snapdeal continue to hog headlines, Japanese investor SoftBank is now in discussions to sell Freecharge, the mobile wallet platform owned by online retailer, separately at half the price for around $150-200 million, according to a Times of India report quoting sources. (more…)

Deals, eWallets, Hotnews, InspirAsia

April 6, 2017