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1042

10 Reasons Why Singapore Is The Next Big City for fintech

TECHINASIA: When we decided to relocate the Life.SREDA fund from Russia, a number of countries – Great Britain, Estonia, Latvia, Hong Kong, Singapore – invited us to move there and do business with them. Here are some reasons, according to my expertise, why Singapore is the best place in the world for financial innovation: (more…)

InspirAsia, Singapore

June 11, 2015

963

This Sleek Electric Tuk-Tuk Is Designed To Battle Traffic In Your City

FAST COMPANY: Tuk-tuks might be everyday, ubiquitous transportation in Nairobi or Phnom Penh, but can these tiny three-wheeled taxis also find a place in sprawling, car-obsessed cities like L.A. or Atlanta?

(more…)

Fintech news, Influences FinTech, InspirAsia

June 11, 2015

868

GMO Raises $65M From Japanese Megabank To Strengthen Online Payments, Help Startups

TECH IN ASIA:  Japan’s GMO Internet is often in the news as an investor, but today the Japanese internet service and online payment provider was the one receiving funds. The firm announced a JPY 8 billion (US$65 million) investment by multinational banking giant Mitsui Sumitomo to strengthen its GMO Payment Gateway e-commerce payment solution and aid the startups that it serves.

(more…)

Deals, InspirAsia, Japan

June 10, 2015

771

South Korean Team Takes $2 Million Top Prize At DARPA Robotics Challenge

Fastcompany: South Korean Team Takes $2 Million Top Prize At DARPA Robotics Challenge. DARPA wants to inspire the creation of robots capable of disaster recovery. But there’s a long way to go and a lot of work still to do.

(more…)

Fintech news, InspirAsia, Korea, news

June 8, 2015

1472

Indonesian Fintech Startups With High Potential

E27.CO: From payment gateways to microbusiness, these Indonesian startups have shown enormous growth – both in terms of ideation and execution (more…)

Indonesia, InspirAsia

June 4, 2015

2269

India: Fullerton India to establish home finance arm and PayPal India incubator’s graduates

DEALSTREETASIA: Singapore-state fund Temasek-owned Fullerton India Credit Co. Ltd, a non-banking financial company is planning to establish a home finance company in India, a report said. Buoyed by recent success in retail lending, Fullerton aims at granting loans to people in the affordable housing segment, according to a report in Indian publication Mint, which quoted Shantanu Mitra, the firm’s managing director and chief executive (more…)

India, InspirAsia

May 29, 2015

1182

Path sells to South Korean Internet company Daum Kakao

Mashable: South Korean messaging company Daum Kakao has acquired social networking apps Path and Path Talk for an undisclosed amount. Path announced the deal Thursday evening.  (more…)

Deals, Fintech news, InspirAsia, Korea, news

May 29, 2015

1945

TradeHero Inches Closer To Real Trading, Partnering With SGX And Macquarie

TECHINASIA: Singapore-based TradeHero today announced it has partnered with the Singapore Exchange (SGX) to organize the StockWhiz 2015 contest. This year’s iteration picks up from the success of last year’s contest, which according to the company drew over 15,000 people to join in. Participants this time around will be able to trade in more than 400 stocks, real estate investment trusts (REITs), and exchange traded funds (ETFs) in real-time, based on information listed on SGX. (more…)

InspirAsia, Singapore

May 28, 2015

1880

Boom of Accelerators in Singapore

E27.CO: Here’s everything you want to know about Singapore’s startup scene. Take a look at some of the biggest players — the major deals made and insights into entrepreneurial behaviour (more…)

InspirAsia, Singapore

May 28, 2015

1083

Tripartite Alliance of CoAssets, FundedByMe & New Union Advances Singapore’s Crowdfunding Space

DEALSTREETASIA: Singapore-based crowdfunding platforms CoAssetsFundedByMe and New Union have established a tripartite alliance to grow crowdfunding in Southeast Asia. Combined, the three companies have facilitated raising of S$200 million ($148.17 million dollars) through international campaigns, to date. They plan to accelerate this growth in the coming months, despite the relative youth of the industry in the region. (more…)

Crowdfunding/investing, InspirAsia, Singapore

May 27, 2015

1266

Alibaba-Affiliated Online Bank Get Green Light From China Regulator

REUTERS: China‘s banking regulator has given a green light to MYbank, the online bank affiliated with Chinese e-commerce giant Alibaba Group Holding Ltd, to start operating. The bank, owned in part by Alibaba-linked Ant Financial, is expected to launch in June as China’s internet companies increasingly encroach upon the turf of traditional banks. (more…)

China, InspirAsia

May 27, 2015

1336

Singapore’s ConnectNPay And Polish Solution To Myanmar’s Financial Sector

TECHINASIA: Since Myanmar opened up its economy in 2010, after one of the most brutal dictatorships in Asia, capitalism has been on the rise. The country’s abundant natural resources, strategic location between Asia’s powers India and China, and its largely untapped market of 60 million people have caught the interest of foreign investors. (more…)

InspirAsia, Myanmar

May 27, 2015

799

Banks Gear Up To Piggyback On The e-Commerce Wave

E27.CO: With e-shopping on the rise, there is a paradigm shift in the traditional payments scene, giving a huge setback to banks’ fee income (more…)

Fintech news, India, InspirAsia, Mobile payments/banking

May 26, 2015

1236

News From Vietnam: Coc Coc’s and Zalo’s Growth, Launch of FPT Ventures

DEALSTREETASIA: Vietnam-based Coc Coc has become the second most popular search engine in Vietnam, after Chrome. Three months after it received  the $14 million funding from Hubert Burda Media in February this year, the ad sales have jumped two times, while the subscription for Coc Coc search has increased by 32 per cent. This was revealed by the company’s co-founder Le Van Thanh at the FPT Techday in Hanoi last week. Coc Coc was founded in 2007, inspired by Russia’s Yandex, but its products were commercialised during the last three years, since 2013. (more…)

InspirAsia, Vietnam

May 25, 2015

1518

VC Life.SREDA Gets Huawei Senior Exec On Board For Its InspirAsia Accelerator

TECHINASIA: Recently landed in Singapore, Russian venture capital Life.Sreda today announced it has hired Huawei’s former global head of operations and COO of cloud business Victor Chow as CEO of its InspirAsia startup accelerator. From his new position, he will be overseeing accelerator development and the launch of the acceleration program. (more…)

Fintech news, Hotnews, InspirAsia, Singapore

May 21, 2015

1031

Korean Crowdfunding Platform For Creative Artists Raises $16M Funding

TECHINASIATumblbug, a South Korean crowdfunding platform for the creative arts, announced today it has raised KRW 17 billion (just over US$15.5 million) in series A investment, according to BeSUCCESS. The funding comes from DCM, Strong Ventures, and Naver, the maker of messaging app Line. (more…)

Crowdfunding/investing, Deals, InspirAsia, Korea

May 21, 2015

887

Shanghai Stock Exchange Planning Startup Market

The Wall Street JournalThe Shanghai Stock Exchange is on track to inaugurate a new market for small, innovative companies as soon as this year, which will challenge the wildly successful Nasdaq -style startup board in Shenzhen, people familiar with the matter said. (more…)

China, InspirAsia

May 19, 2015

776

News From Singapore’s Accelerators

TECHCRUNCHJFDI Asia, the Singapore-based accelerator program, is doubling down its investment in early-stage startups and experimenting with allowing participants of its 100-day program to spend time away from its physical base. The organization, which was founded in 2012 by former BBC producer Hugh Mason and entrepreneur Meng Weng Wong, said it will now provide an immediate SG$50,000 (US$37,000) investment for startups accepted into its twice-annual program. That covers an 8.88% share in each company, and is double its previous investment. JFDI Asia is also pledging to offer a further SG$70,000 (US$53,000) towards a follow-on seed round for “the most successful startups.” (more…)

InspirAsia, Singapore

May 19, 2015

941

Vietnam Startup Scene Poised To Take Off As Ecosystem Comes Together

DEALSTREETASIA: For almost a decade, Vietnam’s startup scene has faced shortage of quality startups, lack of legal support and inadequate funding. All this is set to change with a new wave of entrepreneurs  and investors re-shaping the country’s  startup ecosystem. Several changes were already visible during Techfest, the first national event for startups (or say Vietnam’s DLD Innovation Festival or Echelon). (more…)

InspirAsia, Vietnam

May 18, 2015

897

Philippines Growth Racing Ahead of Neighbors

The Wall Street Journal: The Philippines’ economy is shedding its reputation as a laggard and outpacing others in the region—with the fastest growth rate among major economies in East Asia after China. The country notched growth last year of just over 6%, and the central bank targets growth of 7% to 8% in 2015. That compares with 0.9% in Thailand and 5% in Indonesia in 2014. For years, the Philippines was viewed as a sluggish economy marred by graft and bureaucratic inefficiencies. (more…)

InspirAsia, Philippines

May 18, 2015

1295

The Rising Opportunities In Fintech In Asia

CIO ASIA: In early May this year, Russian fintech Venture capital firm, Life.SREDA VC, moved its operations to Singapore from Moscow. To mark this move and to announce the launch of an accelerator, InpirAsia, the company invited the internationally-renowned expert in financial services Reggy de Feniks. (more…)

Fintech news, Hotnews, InspirAsia, Singapore

May 18, 2015

725

Alibaba Sued Over Alleged Counterfeits

The Wall Street JournalThe owner of several of the world’s best-known luxury brands has filed a fresh lawsuit against Alibaba Group Holding Ltd. , the latest challenge to the Chinese e-commerce giant’s assertions that it fights the sale of counterfeit goods on its platforms. (more…)

China, InspirAsia

May 17, 2015

1247

India’s Axis Bank taps WhatsApp for P2P mobile payments

FINEXTRA: India’s Axis Bank has launched a mobile payments service that lets users send money to each other through WhatsApp, Facebook, Twitter, email and phone contact lists. Developed with Singapore-based social payments vendor Fastacash, the Ping Pay app enables P2P fund transfers as well as mobile top-up through the National Payments Corporation of India’s Immediate Payments Service (IMPS).

(more…)

India, InspirAsia

May 15, 2015

904

Alibaba Launches Market To Shoppers Services Via Mobile App

THE PAYPERSAlibaba Group has recently introduced a mobile app, Miao Street, that can help stores market to shoppers services, provided that stores accept Alipay payment method. (more…)

China, InspirAsia

May 14, 2015

829

PLDT To Invest $100m In Big Data Services

DEALSTREETASIA: The Philippine Long Distance and Telephone Co (PLDT) is planning to invest around $100 million in its Big Data business, meant to help companies and government agencies develop more effective products, services, and programs for their target markets, a top company executive said. (more…)

Fintech news, InspirAsia, news, Philippines

May 14, 2015

842

Asia’s FinTech Can’t Wait, We Need Yo Hurry: Next Bank Founder

E27.CO: Rob Findlay sat down with e27 to share his thoughts on the fin-tech ecosystem in Asia and where it is all going from here (more…)

InspirAsia, Singapore

May 14, 2015

917

The Fast Rise of Nikesh Arora at SoftBank

FORTUNE: Former Google executive Nikesh Arora joined SoftBank last year to oversee the Japanese company’s investment strategy, a task overseen so far by the legendary SoftBank founder, Masayoshi Son. Before joining SoftBank, Arora had been the top business executive at Google, having risen in the search giant’s ranks after running its highly profitable European business. He started his career as an investment analyst and also worked at Deutsche Telecom, making him a fit in all sorts of ways for SoftBank, a communications and Internet company. (more…)

InspirAsia, Japan

May 13, 2015

851

Good To See More Focus On ‘Tech’ Than ‘Fin’ In FinTech: Citrus Founder

E27.CO: Citrus Pay is a leading online checkout and payment solutions company in India. Headquartered in Mumbai, Citrus is backed by Sequoia Capital and Beenos Asia, a subsidiary of Japanese e-commerce and incubation company Netprice. As per a recent news report, PayPal Founder Pieter Thiel is rumoured to be planning to infuse US$25 million into the company as the fin-tech space is getting hot. (more…)

India, InspirAsia

May 13, 2015

731

Alibaba Needs To “Globalize,” Says Its New CEO

TECHCRUNCH: The bulk of Alibaba’s revenue still comes from China, but the e-commerce giant will focus aggressively on growing its global business this year. Daniel Zhang, who took over as chief executive officer last week, told employees in in a recent speech that not only will Alibaba pour money into its global businesses, but also transform its company culture. (more…)

China, InspirAsia

May 13, 2015

1290

FinTech Demo Day

Fintech Demo Day is the first event jointly hosted by Marvelstone PartnersLife.SREDA VC and Yozma Group Asia for the selected fintech startups to provide demo for panel of judges and investors in Korea. The purpose of this even is to search for competitive fintech companies in Korea and introduce the hosting VCs to the fintech industry and startups in Korea.  (more…)

Fintech news, InspirAsia, Korea, news

May 13, 2015