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China activity drove US$5.4 billion in Asia fintech funding in 2016

By e27

Asia’s fintech funding was level with US$5.5 million raised in the US fintech industry

Fintech startups in Asia raised a record US$5.4 billion from 165 deals in 2016, driven largely by large investments in China, according to a new report from CB Insights. A whopping US$4.6 billion of total funding came from just 46 deals in China. (more…)

China, Deals, Marketing Report

February 20, 2017

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India Utilizing Citizens’ Biometrics

The Indian government is moving forward with the world’s largest biometric identity database, which will be available for use by tech companies, health care providers and app developers, The Wall Street Journal reported. (more…)

India, Insurance

February 20, 2017

battle-

188

Is Paytm merging with Snapdeal?

By Sainul Abudheen K for e27

Paytm and Snapdeal, two behemoths in the online retail segment, reportedly had merger talks in January this year (more…)

Deals, Fintech news, India

February 19, 2017

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Robo-advisor ‘Chloe’ launches in Japan

By Finextra

Hong Kong-based social trading startup 8 Securities has launched a mobile-only robo-adisory service targeting the millennial generation that constructs portfolios with exchange traded funds (ETFs) listed on the Tokyo Stock Exchange (TSE). (more…)

AI / Machine Learning / Big Data, Financial Markets / Trading, Fintech news, Japan, Wealth management

February 18, 2017

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More than 750 startups apply to join YES Bank’s inaugural accelerator programme

By Finextra

The first cohort of YES FINTECH has received phenomenal response from the global community of Fintechs, with 753 applicants around the world.  (more…)

Accelerators/Incubators/Labs, Banks, Fintech news, India

February 18, 2017

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Online lenders like UangTeman to face new regulations in Indonesia

By TechInAsia

Indonesia’s financial services authority (OJK) is working on new rules for online money lenders, The Jakarta Globe reported earlier this week. The expected release date is between April and June this year. (more…)

Fintech news, Government activities, Indonesia, p2p/online lending

February 18, 2017

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Fintech Accelerators and Incubators in Singapore, Hong Kong and Southeast Asia

By 

Accelerators and incubators play an important role within a startup ecosystem, as they provide a platform for young teams and startups to connect with successful entrepreneurs, allowing them to learn from the bests while securing funding and connecting with potential investors and partners. (more…)

Accelerators/Incubators/Labs, Fintech news, InspirAsia

February 18, 2017

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Jack Ma’s Ant Financial makes first investment in the Philippines

By TechInAsia

Just over three months after Ant Financial first made a move into Southeast Asia with an investment in Thailand, the Chinese web giant has taken a stake in a fintech company in the Philippines. (more…)

Deals, Fintech news, Mobile payments/banking, Philippines

February 18, 2017

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New $100m fund allows institutional investors to invest in VC-backed startups

By Tech in Asia

A trust fund that provides growth-stage startups a new way of raising money has launched in Singapore. (more…)

Deals, Fintech news, Singapore

February 16, 2017

business hand pushing fintech or financial technology button on a touch screen interface

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Government has Implemented Initiatives to Promote Fintech Application

by 

Secretary for Financial Services & the Treasury Prof KC Chan says the Government has implemented initiatives to promote fintech application, investment and development in Hong Kong. (more…)

About, Fintech news, Government activities, Hong Kong

February 16, 2017

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Everything You Need to Know About Hong Kong’s FinTech Ecosystem: Startups, Regulators, Investors and Accelerator Programs

By LTP

Why Hong Kong?

Charles d’Haussy, the Head of FinTech at Invest Hong Kong (InvestHK), gave a perfect answer to our question, saying, Hong Kong has all the ingredients to be the global and regional FinTech hub. (more…)

About, Accelerators/Incubators/Labs, Fintech news, Government activities, Hong Kong

February 16, 2017

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Temenos Buys Fintech Companies for APAC Growth

by 

Swiss listed banking tech giant Temenos is making a big play for the APAC market after gaining massive ground on global software kingpins like Oracle in other regions, and has just signed an agreement to acquire ASX-listed fintech Rubik Financial in a AU$68 million takeover bid at $0.1667 per share. (more…)

Deals, Fintech news, InspirAsia

February 16, 2017

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We Shouldn’t “Kill” Bitcoin But Regulate: Former Bank of China Governor to CCTV

By Joseph Young for CoinTelegraph

During an interview with China Central Television (CCTV), a predominant state television broadcaster, L H Li, the former governor of Bank of China, one of the largest banks owned by the Chinese government, and member of the People’s Congress, stated that the Chinese central bank should try to regulate Bitcoin companies and users rather than attempting to stop the adoption of Bitcoin.

(more…)

About, China, Cryptocurrencies, Fintech news, Government activities

February 16, 2017

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Indonesia authority to allow on-balance-sheet lending for fintech startups

By Anisa Menur A. Maulani for e27

The proposal came about two months after the authority banned fintech startups from lending money directly to their customers. (more…)

Fintech news, Government activities, Indonesia, p2p/online lending

February 16, 2017

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Payments software for businesses gets funding from VC arm of Indonesia’s largest bank

By  for TechInAsia

Indonesian startup Moka announced today it’s raised a $2m round of financing led by Mandiri Capital. Existing investors Convergence Ventures, East Ventures, Fenox, and Northstar Group also participated. (more…)

Deals, Fintech news, Indonesia, POS/mPOS and online acquiring

February 16, 2017

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Top Fintech Vietnam News from January 2017

By

Read here all the important fintech news around Fintech in Vietnam from January. You can subscribe to the monthly Fintech Vietnam Newsletter here. (more…)

Fintech news, InspirAsia, Vietnam

February 16, 2017

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Thailand’s Largest Bank to Launch New FinTech Platform

By CryptoCoins News

Thailand’s largest bank by revenue, Kasikornbank Pcl, has unveiled that it is planning to introduce a new FinTech platform by the end of the year as it attempts to prevent fee income from its rival banks. (more…)

Accelerators/Incubators/Labs, Banks, Fintech news, Thailand

February 14, 2017

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Japan’s 3 Megabanks Have All Invested in Japan’s Biggest Bitcoin Exchange

By CryptoCoins News

Less than a year after raising ¥3 billion ($27 million) in a record funding round by a bitcoin and Fintech company in Japan, Tokyo-based bitFlyer now sees all three of Japan’s ‘mega-banks’ as investors in the bitcoin exchange. (more…)

Banks, China, Deals, Fintech news

February 14, 2017

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Bitcoin Investor Tim Draper Re-Enters India VC, Praises Modi’s Reforms

By the CoinTelegraph

Tim Draper, a Bitcoin entrepreneur and investor, has returned to the Indian market, backing startups through Mumbai-based Blume Ventures.

(more…)

Blockchain, Cryptocurrencies, India, People of fintech

February 14, 2017

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Hong Kong Financial Markets Authority Joins R3 to Test Blockchain Transactions

By Samburaj Das for CryptoCoins News

The Securities and Futures Commission, an independent statutory authority that regulates the securities and futures markets in one of the world’s major financial hubs in Hong Kong is joining the R3-led financial blockchain consortium. (more…)

Blockchain, Fintech news, Government activities, Hong Kong

February 14, 2017

grab

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Grab is buying Indonesian payment firm Kudo in its first major acquisition

By  for TechCrunch

Uber’s Southeast Asia rival Grab is in the process of buying up Indonesia-based online payment startup Kudo in its first major acquisition. (more…)

Deals, Fintech news, Indonesia, InspirAsia, Mobile payments/banking, POS/mPOS and online acquiring

February 14, 2017

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After surge in transactions, Philippine central bank regulates Bitcoin

By  for TechInAsia

The Philippine central bank has decided to regulate virtual currencies, particularly Bitcoin, with more and more people using it to transfer money across borders. (more…)

Cryptocurrencies, Fintech news, Government activities, Japan, Philippines

February 11, 2017

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Former DBS bankers back fintech remittance start-up

By The Business Times

FORMER DBS bankers are backing a fintech remittance payments start-up.

Singapore financial technology start-up SingX on Thursday said it has launched a cheaper, faster and more convenient online remittance platform which charges consumers a fraction of what they typically pay for overseas money transfers. (more…)

Fintech news, Remittances, Singapore, SME

February 9, 2017

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Ant Financial is raising US$3B in debt to fund M&A deals: Bloomberg

First By Yon Heong Tung appeared at e27

The news comes right on the heels of its first acquisition in a US-listed company, Moneygram (more…)

China, Deals, Fintech news, Payment processors/providers/gateways

February 9, 2017

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The Most Anticipated Chinese Fintech IPOs of 2017

By

Greater China’s IPO market is set to continue to lead the way in 2017 fueled by listings of fintech giants including Ant Financial and Lufax, according to a report by CNBC. (more…)

About, China, Deals, Fintech news

February 8, 2017

online-brokerage

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Rakuten, JAFCO co-invest in Japanese fintech startup FOLIO’s US$16M Series A

By Sainul Abudheen K for e27

FOLIO, a startup offering an online security brokerage service in Japan, has announced that it has raised 1.8 billion yen (approximately US$16 million) in Series A round from a slew of investors, including JAFCO, Monex Ventures, Mitsui Sumitomo Insurance Venture Capital, and Rakuten Fintech Fund. (more…)

Deals, Financial Markets / Trading, Fintech news, Japan, Wealth management

February 8, 2017

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Samsung Pay launches in Thailand

By  for TechInAsia

Samsung Pay, the Korean mobile giant’s cashless payment service, has officially landed in Thailand, the company announced today. The service has been running in the country in an “early access” fashion for a limited number of users since October last year. (more…)

Fintech news, Mobile payments/banking, Thailand

February 8, 2017

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Singapore’s CXA raises $25 million to develop its health-focused insurance brokerage

By  for TechCrunch

CXA, a Singapore-based startup insurance brokerage — if such a thing can exist — has scooped up $25 million to expand its service that provide policies with a focus on wellness across Asia. (more…)

Deals, Fintech news, Insurance, Singapore

February 8, 2017

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How Chinese mobile payments are quietly conquering the world

By  for TechNode

While mobile payments have been off to a slow start in most of the Western world—even the rollout of EMV chip payments in the United States is far behind schedule—China has become the melting pot for mobile payment solutions. (more…)

China, Fintech news, Global trends, Mobile payments/banking

February 6, 2017

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India: Capital Float raises $2.5m from IFMR, AdStringO to get $5m

Online credit platform Capital Float which is run by Zen Lefin Pvt. Ltd, has raised $2.5 million (Rs 17 crore) from IFMR Capital Finance and its alternative investment fund through non-convertible debentures (NCDs). (more…)

Deals, Fintech news, India, p2p/online lending

February 6, 2017