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896

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

901

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

1245

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

806

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

1189

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

1036

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

1091

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

1264

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

1772

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

1016

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

1364

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

1271

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

1570

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

1082

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

1060

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

926

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

1575

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

1016

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

1146

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

1400

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

968

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

1074

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

826

The Insider’s View To Payments And Fintech in Asia and Africa

THE COINTELEGRAPH: Analysis of the biennial Payment Innovations Report 2015 from June 17 has described an increasingly successful FinTech sector in Asian and African countries that they say is likely to take the lead in digital payment startups and new businesses, while they criticize NFC payments as a “solution still looking for a problem.” (more…)

InspirAsia

June 17, 2015

1153

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

1077

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

1004

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

921

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

1694

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

2497

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

1346

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