MENU

InspirAsia
Category

947

A guiding star in the world of start-ups

ASIAONE: It was all mapped out in the stars. Ms Jenny Lee was transported from a sheltered life in Toa Payoh to New Zealand as a 14-year-old Girl Guide on her first trip outside of Singapore. She spent four weeks there in all but it was one week of camping that gave her an epiphany.

(more…)

China, InspirAsia

July 5, 2015

3365

15 Southeast Asian Fintech Startups Worth Looking At

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…)

Hotnews, InspirAsia, Malaysia, news, Philippines, Singapore

July 5, 2015

1603

Marvelstone and Life.SREDA to Co-Invest in S.Korean and Asian Startups

ASIA Outlook: The MoU between Marvelstone and Life.SREDA will strengthen startup capacities across Asia in the finance and technology sectors (more…)

Hotnews, InspirAsia, Korea

July 3, 2015

1013

Singapore’s Fintech

E27.CO: Singapore-based real-time financial monitoring app Call Levels is raising a US$500,000 bridge round to spur growth, e27 has learned. The round, which is still open but partially committed, is expected to close in the coming weeks. (more…)

Deals, InspirAsia, Singapore

July 3, 2015

1202

Latest Trends In The Indian Startup Scene

E27.CO: incub@TE, an incubator run by Tata Elxsi (part of the US$100 billion Tata Group), was launched in 2012 to nurture and support products- and service-oriented startups. This Bangalore-based incubator has now partnered with Get2Volume and AISB Holdings to provide cross-border programmes to early-stage ventures. Unlike other incubators, incub@TE forms a rather long-term association with its incubatees. e27 spoke to Rajesh Kumar, Vice President (Strategic Initiatives) at Tata Elxsi, to know more about the incubator. Read the full article

E27.CO: The Indian e-commerce market has found a new superhero — cashback. Move over discounts, cashback is the hottest new trend in business. Cashback is the newest trend to rock the entire Indian e-commerce game. Big players, emerging players, almost everybody in the e-commerce niche is embracing cashback culture, compelled by thick audience demand, surging market competition and latest funding rounds. It remains to be seen if the new fad stays strong in the long run or fizzes out in an industry that has been enveloped with deep discounting since its inception. Read the full article

TechInAsia: Indian women online shoppers in the age bracket of 18-24 are the most active and comprise of 52 % as compared to 20 percent between the age group of 25-34, 6% above the age of 34 and 2% less than the age of 18 years.  On an average, most of the women prefer shopping online between 9 – 11 pm that too on Mondays and Fridays. Also, 80% women prefer Cash on Delivery payment option while only 20% opt for online transactions, said the survey. Read the full article

India will pass U.S. to become world’s second largest smartphone market by 2017: VentureBeat

India Now Uber’s Second Largest Market Following Expansion To 7 New Cities: TechCrunch

TechCrunch: BankBazaar, a startup that lets Indian consumers compare financial products online, has scored a $60 million Series C led by Amazon, with participation from Fidelity Growth Partners, Mousse Partners, and returning investors Sequoia Capital and Walden International. The platform aggregates information about online loans, credit cards, and fixed deposits from 23 financial institutions, which users can research and then apply for using its site or Android and iOS apps. BankBazaar says it gets four million unique visitors each month. For Amazon, its investment represents a chance to take a larger stake in the personal finance market. Read the full article

Read more on the topic: TechInAsia

India, InspirAsia

July 2, 2015

1433

Singapore Is A New Fintech Capital

DEALSTREETASIA: The Monetary Authority of Singapore (MAS) has committed S$225 million ($166.48 million) over the next five years, to growing the fintech segment of the startup ecosystem in Singapore. MAS’s managing director, Ravi Menon, revealed that this was a part of the Financial Sector Technology & Innovation (FSTI) scheme during a speech at the Global Technology Law Conference.  (more…)

InspirAsia, Singapore

July 2, 2015

1335

A Simple Guide To The Blockchain

WIRED: Ahead of the event, here’s everything you need to know about one of the biggest areas currently transforming the world of digital finance: the blockchain. (more…)

Cryptocurrencies, InspirAsia, Singapore

July 1, 2015

984

Boom Of Taxi Apps In Asia

E27.CO: GrabTaxi from Singapore is about to get US$200 million in fresh capital, pegging its valuation at US$1.5 billion. It quotes “a person familiar with the situation”, who has shared that the round is being led by US hedge fund Coatue Management LLC. The source also mentioned that existing investors SoftBank and Tiger Global Managementare also going to participate in the round. GrabTaxi’s last funding, a then record-breaking US$250 million round, happened just seven months ago in December 2014. Read the full article (more…)

India, InspirAsia, Singapore

July 1, 2015

968

Some Chinese Are Taking 22% Margin Loans to Finance Stock Purchases

Bloomberg: As more Chinese jumped into the market in the hope of instant wealth, peer-to-peer websites offering loans for stock investing have mushroomed. They are among a multitude of sources of leverage outside of traditional margin financing that threaten to complicate any efforts to prevent an unruly reversal of China’s stock market boom, which is already faltering. (more…)

China, InspirAsia, p2p/online lending

July 1, 2015

1370

Mobile wallet Xendit targets Indonesia’s P2P payment market

E27.CO: Currently in beta, the launched version will allow users to connect their debit cards, send funds to friends and  withdraw wallet funds to a bank accounts (more…)

eWallets, Indonesia, InspirAsia

July 1, 2015

872

How Widely-Accepted Are Mobile Payment Methods In China’s Brick-And-Mortar Shops?

TechInAsia: Mobile payment methods like Alibaba’s Alipay and Tencent’s Tenpay account for a huge portion of China’s online transactions. But do these new payment methods have the same kind of traction on offline shops and restaurants? Chinese tech news site Techweb recently conducted a survey of 1,607 businesses on a busy pedestrian street in Wuhan to find out. (more…)

China, InspirAsia, Mobile payments/banking

June 30, 2015

1296

Formation 8 raising US$400M late-stage fund for Asia

E27.CO: A special focus of the fund will be Southeast Asia and South Korea, with the US$400M likely being spread across 10 gigantic investments
(more…)

InspirAsia, Korea

June 30, 2015

1152

South Korean restaurant discovery app MangoPlate raises US$6.1M

E27.CO: South Korean restaurant discovery app MangoPlate has announced today that it has secured US$6.1 million from venture investment group of Qualcomm Incorporated, Qualcomm Ventures, as well as SoftBank Ventures Korea and YJ Capital, a venture capital firm established by Yahoo!JAPAN. This marks YJ Capital’s first investment in a Korean company. (more…)

Deals, InspirAsia, Korea

June 30, 2015

1225

Baidu To Invest $3.2 Billion In Its Group-Buying Service Nuomi

TechCrunch: China’s Baidu, the company best known for its dominant search engine, said today that it will invest more than $3 billion in its online-to-offline businesses over the next three years. (more…)

China, Deals, InspirAsia

June 30, 2015

1381

DBS opens DBS Accelerator in Hong Kong

DEALSTREETASIA: Southeast Asian super-regional financial services group DBS, which is based in Singapore, has launched a DBS fintech accelerator in Hong Kong, in a physical site called “The Vault”. This is to function as a FinTech startup hub located in the heart of Wan Chai, Hong Kong. (more…)

Hong Kong, InspirAsia, Singapore

June 29, 2015

1902

News From The Asian POS System Startups Hottab & StoreHub

TECHINASIA: It’s easy to spot the rapidly rising number of hotels and restaurants in Vietnam. But despite the industry’s noticeable growth, managing a hotel or chain restaurant still takes a lot of work and innovation. That’s where Hottab comes in. It’s a new Vietnamese startup that offers a new solution for point-of-sale (POS) management for F&B business. Hottab provides service tablets and a POS system for food and beverage (F&B) businesses. A cloud-based system connects all devices using Hottab. It includes an application installed on tablet devices that allows waiters to create new orders. It also enables customers to self-order at the table. (more…)

InspirAsia, Singapore, Vietnam

June 27, 2015

1127

Vietnam Lifts Foreign Holding Limit In Cos, Qualifies For Emerging Market Status

DealStreetAsia: The limit on foreign holdings in Vietnam’s listed companies has been officially lifted, significantly removing investment restriction in public companies that are listed on the country’s stock exchanges, the Vietnam Ministry of Finance announced on Friday. (more…)

InspirAsia, Vietnam

June 27, 2015

1485

China Pouring Money Into America’s Hottest Startups

TechCrunchJD.com has become the latest internet company in China to venture into the consumer credit space, after the NASDAQ-listed online retailer — a rival to Alibaba — launched a joint venture alongside LA-based financial services company ZestFinance. (more…)

China, InspirAsia

June 26, 2015

1401

Cuscapi’s Rev tablets roll out at Ministry of Food Singapore outlets

DIGITAL NEWS ASIA: CUSCAPI Bhd said that Ministry of Food Singapore Pte Ltd, a restaurant chain that kicked off in the city-state in 2006, has deployed Rev interactive self-ordering tablets at its outlets.   (more…)

InspirAsia, Malaysia, Pre-order services, Singapore

June 26, 2015

1667

PH Startup PawnHero Wins The Judges’ Choice Award at Echelon Asia Summit 2015

DEALSTREETASIA: Philippine fintech startup PawnHero has won the Echelon Asia Summit 2015 Judges’ Choice Award in Singapore Wednesday night, beating nine other finalists out of the original 500 applications from around Asia. (more…)

InspirAsia, Philippines

June 25, 2015

1183

The Monocle Quality of Life Survey 2015

Monocle: ASEAN is the best region for living in the new Monocle Quality of Life Survey 2015: Tokyo (1), Melbourne (4), Sydney (5), Fukuoka (12), Singapore (13), Kyoto (14), Auckland (17), Hong Kong (19) (more…)

Influences FinTech, InspirAsia

June 25, 2015

1168

Forbes China “Fintech 50” List Highlights Winners In Fast-Growing Field

Forbes: Looking to learn more about early winners in the exploding business of online finance in China? (more…)

China, InspirAsia

June 25, 2015

1026

India’s cashless proposal could spur mobile payments

MOBILEMAKERS: The Indian government published proposals to encourage greater take-up of electronic payments in a country where cash still rules.It suggested a range of measures, including tax benefits to merchants if at least half of their transactions are handled electronically. Consumers could also receive income tax rebates if a certain proportion of their spend is cashless. Another idea is for government itself to drop certain surcharges it levies for making card payments.Among the objectives are improving financial inclusion, reducing the risks for individuals of carrying cash, cutting the cost of managing cash in the economy, as well as making tax avoidance harder.

(more…)

Global trends, Government activities, India, InspirAsia

June 23, 2015

1711

What Does Asia Have To Offer Against Square?

TechInAsiaVladislav Solodkiy, Life.SREDA VC: Last week Jack Dorsey, co-founder and CEO of Square, the world’s third largest fin-tech company by market capitalisation, also took a role of iCEO at Twitter. On top of that, a new wave of rumours about the company to go public by the end of this year hit the media. What do the Asian markets have to offer in respond to this? (more…)

Fintech news, Hotnews, InspirAsia, news, POS/mPOS and online acquiring

June 23, 2015

1097

E-Commerce Gold Rush In Southeast Asia

TECHCRUNCH: There’s a myopia blinding e-commerce players to the reality of opportunities in Southeast Asia. Everyone is looking at Asian economies from under the shadow China casts on the economic landscape, which can’t help but obscure the picture. (more…)

China, InspirAsia

June 22, 2015

1270

Myanmar Sees Surge In Telecom Investment

DEALSTREETASIA: Investment in telecoms has surged in Myanmar in the past year as operators begin to tap a rapidly expanding market, driving growth in the economy. (more…)

InspirAsia, Myanmar

June 20, 2015

1507

Asian Crowdfunder Launches In Malaysia, Looking To Enter Singapore, Indonesia, Thailand

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.

Fintech news, InspirAsia, Malaysia

June 20, 2015

1108

Alibaba confirms government investment for its Alipay and online banking business

Techinasia: Alibaba revealed this afternoon that its finance subsidiary, Ant Financial – which runs Alipay, China’s top online payments service – has received an investment from China’s state-run National Social Security Fund (NSSF). The funding amount is not disclosed.

(more…)

China, Fintech news, Hong Kong, InspirAsia, news

June 19, 2015

1196

India: Paytm Is Bringing In Sellers from AliExpress, AdStringO And FundsIndia Announce New Rounds

International Business Times: Paytm, which has recently forayed into online retailing business, is planning to bring in 1,00,000 sellers from Chinese e-tailer Alibaba’s online arm AliExpress to its platform from August. The Delhi-based company estimates its gross merchandise value (GMV) to increase by $1.5 billion from AliExpress businesses in the next six months. Paytm, originally a mobile payment services, has crossed $1.5 billion (about ₹9,600 crore) in GMV in the year ending April 2015. (more…)

India, InspirAsia

June 18, 2015