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Alibaba To Lead $1B Investment in Ele.me

Alibaba, China’s largest eCommerce company, and Ant Financial, its financial services arm, are gearing up to invest $1 billion or more in Ele.me, the Chinese food delivery service. (more…)

Deals, eWallets, Hotnews, InspirAsia

May 29, 2017

106

Singapore Marketplace Lender Capital Match Facilitates S$40M+ in Cumulative Origination

Capital Match announced that it has facilitated over S$40 million in cumulative origination since the start of its operations in 2015. (more…)

Fintech news, InspirAsia, p2p/online lending

May 26, 2017

134

Naspers leads $5 million round in Coins

By Naspers

Coins, Southeast Asia’s leading blockchain-enabled mobile payments platform, announced today the closing of a $5 million fundraise led by Naspers through its Naspers Ventures division, bringing the total amount raised in its Series A to over US$9.4M. (more…)

Blockchain, Deals, Hotnews, InspirAsia

May 25, 2017

166

Indonesia’s second largest telco shuts down its ecommerce site

By Nadine Freischlad for Tech in Asia

It’s part of the telco’s shift in strategy away from launching new business units in-house. Instead, it’s collaborating with experienced partners and focusing on core strengths, he told Tech in Asia. (more…)

Global trends, InspirAsia

May 25, 2017

JD.com Leading The Way For Drone Delivery

By James Sands for Seeking Alpha

Summary

  • JD.com recently announced a drone delivery network to be implemented in the Shaanxi province in China.
  • The company reported very robust first quarter results for the first quarter of 2017; the stock price is up nearly 60 percent for the year.
  • If implementation of the drone delivery network is successful, it will be a major accomplishment for the newly established JD Logistics unit.

(more…)

Global trends, Influences FinTech, InspirAsia

May 25, 2017

India’s emerging as Asia’s next manufacturing hub. Singaporean firms welcome.

By Pearl Lee for Tech in Asia

On top of the Taj Mahal, India boasts other gems – Mumbai is the finance capital and Bangalore is said to be India’s Silicon Valley. Their steady growth has been led by fast-paced urbanization and high consumption. But the Indian government has plans to transform India’s economy and develop manufacturing capabilities to meet domestic and international demand. (more…)

Global trends, InspirAsia

May 24, 2017

Singapore start-up Sea opts for US listing

BY Jeevan Wasakar for Financial Times
HK and Singapore lose prized IPO despite efforts to attract tech companies

(more…)

Global trends, InspirAsia

May 24, 2017

Paytm Launches Payments Bank To Serve The Underserved In India

By PYMNTS

Indian digital payments firm Paytm has officially launched a niche payments bank as part of its drive to double its customer base to 500 million over the next three years. (more…)

Banks, eWallets, InspirAsia

May 23, 2017

BankThink Open banking is inevitable. Let’s rethink data security, too

By Kevin Paul Murphy for American Banker

The move to the digital marketplace is no longer aspirational but inevitable for the modern financial enterprise. It is now more accurate to describe a bank as a technology company. But the change in identity means banks must adjust the way they ensure the security of their enterprise. (more…)

Banks, Hotnews, InspirAsia, Open Source/ API

May 23, 2017

Poor business ethics, lack of innovation are key reasons for failure of startups in India: IBM study

By Sainul Abudheen K for e27

Majority VCs surveyed believe that many Indian startups lack pioneering innovation and are prone to emulate already successful global ideas (more…)

Global trends, InspirAsia

May 22, 2017

SoftBank Vision Fund Now Over $93 Billion

By Crowdfund Insider

The SoftBank Vision Fund announced its first major close yesterday with over U.S. $93 billion of committed capital. (more…)

Deals, Hotnews, Influences FinTech, InspirAsia

May 22, 2017

129

Chinese P2P Lender Dianrong Links with Maggie Ng to Launch Global Fintech Marketplace

By

Chinese P2P lender Dianrong announced a new technology agreement with Maggie Ng, a leading consumer banking executive in Asia Pacific, to launch a global fintech marketplace connecting Asian investors with high-quality, low-volatility and largely untapped asset classes, including U.S. consumer lending. (more…)

Global trends, Hotnews, InspirAsia, p2p/online lending

May 19, 2017

156

Sumitomo Mitsui rolls out messaging app bot

The Sumitomo Mitsui Financial Group has developed an AI chatbot that will answer customer questions over Line, the popular Japanese messaging app. (more…)

Banks, Bots, Hotnews, InspirAsia

May 19, 2017

164

Paytm to open new Payments Bank next week

Indian mobile wallet giant Paytm is to open its new Payments Bank on 23 March, joining telco Bharti Airtel as one of the first non-banks to take advantage of the Government’s relaxing of restrictions on bank licensing in an effort to boost financial exlusion. (more…)

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

May 19, 2017

340

Asian fintech: Expansion, expansion and yet more expansion

By the Fintech Times

Fintech is strong in Asia.

  • The region retains 40% of all global capital invested in the sector.
  • Six out of seven of the largest fintech companies worldwide come from Asia.
  • The biggest Asian hubs (Singapore, India and China) are becoming the centres of global fintech innovation and adoption.

(more…)

Hotnews, InspirAsia

May 18, 2017

268

WeChat just launched a search engine. Baidu should worry.

By TIA

Chinese search giant Baidu has had it good. For years, the tech firm has enjoyed a near monopoly of the country’s multi-billion dollar search market. Domestic competitors Sogou and Easou trail behind, each with less than 10 percent market share. Google, its most threatening rival overseas, withdrew from China in 2010, citing hacks by the Chinese government. (more…)

eWallets, Global trends, Influences FinTech, InspirAsia

May 18, 2017

109

Ex-Tandem CTO onboard for Dubai-based digital bank

The former CTO of UK challenger Tandem has joined forces with experienced execs from the more traditional banking sector to build a digital-only bank in Dubai. (more…)

Banks, InspirAsia, Mobile payments/banking, Mobile-first banks

May 18, 2017

Singaporean fintech startup 4xLabs secures $1.5m for global expansion

By Jack Ellis for TIA

Singapore-based 4xLabs closed a pre-series A round worth US$1.5 million, it announced today. (more…)

Deals, InspirAsia

May 16, 2017

195

143

Alibaba Invests In Its First Fintech Company In Hong Kong

As reported by Forbes today, Alibaba has invested in online invoice exchange marketplace Qupital, marking the Chinese e-commerce giant’s first foray into fintech investment in Hong Kong. Qupital raised a total of $2 million in its seed round. (more…)

Cashless, Deals, eWallets, Hotnews, InspirAsia

May 16, 2017

63

Chinese Celebrity-Backed Fintech Firm QuantGroup Considering US IPO

Fintech company QuantGroup, which was founded by several notable Chinese movie stars, is considering a US IPO, according to an article published in Bloomberg last week. The firm is looking to raise an estimated $200 million according to unnamed sources. (more…)

Deals, Global trends, Hotnews, InspirAsia

May 16, 2017

Indonesian P2P lending platform Taralite raises US$6.3M, aims to build “world class” R&D team

Starting out as loan platform for personal life events such as weddings and Hajj pilgrimage, Taralite now focusses on providing working capital for small online businesses.

Jakarta-based P2P lending platform Taralite today announced that it has a raised a funding round from Japanese fintech conglomerate SBI Group. (more…)

Global trends, Hotnews, InspirAsia

May 15, 2017

596

What China Reveals About the Future of Shopping

By Boston Consulting Group (Chris Biggs, Amee Chande, Erica Matthews, Pierre Mercier, Angela Wang, Linda Zou)

Imagine being in the middle of Times Square, surrounded by flashing lights, fast-talking vendors, street performers, live music, noisy traffic jams, and endless other distractions. Now imagine you’re online and surrounded by the same energetic chaos. Welcome to China’s digital marketplace, where shopping is an adventure—a fire hose of rapidly changing content, offers, products, colors, and choices. For Western shoppers accustomed to simple, transactional online buying, it’s a culture shock. (more…)

Analytics, Cashless, Fintech news, Global trends, Hotnews, InspirAsia

May 11, 2017

334

Mastercard, UnionPay, Visa Launch Standardized QR Code For E-Payments In Thailand

Mastercard, UnionPay International and Visa have introduced a Standardized Quick Response (QR) Code for payments, accelerating Thailand’s transition to a cashless society. (more…)

Fintech news, Hotnews, InspirAsia

May 11, 2017

287

India’s Alipay or WeChat Pay Could Be a Young Private Bank or Progressive NBFC

By Amit, CEO of LTP

In many parts of the world, tech companies (TechFins and FinTechs) are beginning to dominate the FinTech scene except India. BATs (Baidu, Alibaba and Tencent) and Internet finance in China dominate the market now. PayPal (Braintree and Venmo), Stripe and the likes of Prosper/Lending Club/Sofi have made serious inroads in the US although not to the same extent as China where internet finance cos have more customers than traditional banks in some segments. (more…)

Banks, Cashless, Fintech news, Hotnews, InspirAsia

May 11, 2017

119

KPMG acquires fintech matchmaking firm Matchi

KPMG is looking to cash in on the growing trend for bank/startup collaboration with the acquisition of fintech matchmaking platform Matchi. (more…)

Deals, Fintech news, Global trends, Hotnews, InspirAsia

May 11, 2017

190

Former Citi Chairman and Asia Pacific CEO Shirish Apte invests in fintech startup Invoice Bazaar

by e27.com

Invoice Bazaar Supply Chain Finance platform connects large buyers with SME suppliers which enables them to avail early payment on their receivables (more…)

Global trends, Hotnews, Influences FinTech, InspirAsia, People of fintech

May 9, 2017

112

Garena rebrands to Sea and raises $550 million more to focus on Indonesian e-commerce

By TechCrunch

Garena, one of Southeast Asia’s biggest tech startups, has picked up $550 million in new funding and changed its name. The Singapore-headquartered consumer Internet company told Bloomberg that it is now called Sea Ltd. to reflect is global expansion plans (and also because SEA is an acronym for Southeast Asia). Its new valuation was undisclosed. (more…)

Global trends, Hotnews, InspirAsia

May 9, 2017

125

Seedrs to launch secondary market

Today, leading equity crowdfunding platform Seedrs announced a pioneering move for the sector with the launch of a secondary market this summer. (more…)

Crowdfunding/investing, Hotnews, InspirAsia

May 9, 2017