by DEAN TAKAHASHI for VB
By Shiwen Yup for DSA
Singapore-based LifeSREDA.VC, a fintech venture capital (VC) firm with Russian roots, announced that they are launching a fintech fund for startups for the amount of $20 million as a first close, provided by local LPs frim Malaysia. In addition, the VC firm will be involved in opening a co-working space in Malaysia’s commercial capital of Kuala Lumpur. The fund will have its first close at $20 million, with LifeSREDA aiming to reach a hard close of $50 million by the end of the year. (more…)
Remitano, a Vietnam-based P2P platform for trading bitcoin, has expanded its services across the English-speaking world.
By Fintech Singapore
GoBear Malaysia works closely with with Bank Negara Malaysia and launches new Insurance products (more…)
By CryptoCoins News
Belfrics, which refers to itself as a Malaysian ‘blockchain technology’ firm, has announced the launch of its bitcoin exchange operations in India.
Asia’s Own Lemonade: Neosurance & KLCC Runners Group Partner To Offer The First “Push” Micro Insurance To Malaysian Runners
Neosurance and KLCC Runners Group have signed a Memorandum of Understanding for the distribution of microinsurance to KLCC Runners Group growing community members. The microinsurance product will be provided ad hoc by a leading reinsurer and insurer who will be disclosed later, together with the price and features of the microinsurance. (more…)
BC Bank has become the first bank in Southeast Asia to use blockchain technology in its local and cross-border payment funds transfer services. The use of a payment blockchain solution will see increased efficiency, transparency and security as well as lower costs and a better customer experience. (more…)
Another Singapore crowdfunding startup gets green light: Funding Societies gets provisional CMS license
By Kevin McSpadden for e27
About four months after Funding Societies temporarily halted its crowdfunding loan terms in order to ensure it met regulations set by the Monetary Authority of Singapore (MAS), the Singaporean startup announced today it has received a provisional Capital Markets Services (CMS) license from the nation’s central bank. (more…)
Six P2P lending licenses were granted in Malaysia recently, making them the first authorized platforms in the ASEAN region. On Thursday the Securities Commission of Malaysia said that it had registered six peer-to-peer lending platforms – B2B FinPAL, Peoplender, Ethis Kapital, ManagePay Services, Modalku Ventures and FundedByMe Malaysia. (more…)
By Lidiana Rosli for New Straits Times
KUALA LUMPUR: Securities Commission Malaysia (SC) today announced six registered peer-to-peer (P2P) financing platform operators, making Malaysia the first Asean country to regulate P2P financing. (more…)
By Kevin McSpadden for e27
Mountain Partners, a Swiss company builder, is entering Malaysia through the acquisition of a Kuala Lumpur investment company named Qeerad. (more…)
By Liz Lee for DealstreetAsia Magazine,
Singapore-based early-stage venture capital firm Golden Gate Ventures foresees the pace of mergers and acquisitions (M&As) in Southeast Asia catapulting, as more institutional funds, protectionists economic policies and global funds look to expand their footprint in the region. (more…)
Malayan Banking Bhd (Maybank) has teamed up with Malaysian Global Innovation and Creativity Centre (MaGIC) to boost start-ups in the financial services industry in ASEAN.
In a statement today, Maybank said it would leverage on MaGIC’s expertise, regional reach and resources to nurture local and regional start-ups. (more…)
TECHINASIA: Vladislav Solodkiy, Life.SREDA VC: It has been almost 2 months since I relocated to Singapore. During this time I saw about 100 fintech projects at different stages. My last article was dedicated to 5 most promising mPOS-acquiring startups, and now I’d like to introduce 15 more projects. (more…)
DEALSTREETASIA: Equity-based crowdfunding platform Asian Crowdfunder has launched its operations in Malaysia this month, and is in the process of starting operations in Singapore, Indonesia and Thailand. The pan-Asian platform, which claims to be accessible to vetted accredited investors only, is founded by an international team of experienced and successful entrepreneurs and asset managers backed by decades of experience.
TECHINASIA: When JPMorgan Chase CEO Jamie Dimon told the banks’ shareholders that Silicon Valley “[wants] to eat our lunch” – alluding to how tech startups are slowly taking away business from them – he’s not alone in that belief. Banks are feeling the heat from startups, which are working on various alternatives to traditional banking. Some banks are not taking it sitting down. (more…)