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2589

Life.SREDA To Pour US$90M In Asian Fin-Tech Startups Over Next 6 Months

E27.CO: Russian venture capital firm Life.SREDA, which e27 exclusively reported is to open its own fin-tech accelerator InspirAsia in Singapore this year, has just shared more juicy goodness: it plans to invest the remaining US$80 million to US$90 million of its second fund into promising fin-tech startups across Asia Pacific over the next six months. Vladislav Solodkiy, the firm’s Managing Partner, said he expects the remainder of the fund to be invested in between 20 to 30 startups at rounds of between US$1 million and US$10 million depending on the stage of the company. (more…)

Fintech news, Hotnews, InspirAsia, Singapore

April 24, 2015

1627

Cheaper Robots, Fewer Workers

The New York Times:  Faced with an acute and worsening shortage of blue-collar workers, China is rushing to develop and deploy a wide variety of robots for use in thousands of factories. (more…)

China, InspirAsia

April 24, 2015

1727

Why WeChat City Services Is A Game-Changing Move For Smartphone Adoption

TECHCRUNCH: Last month, WeChat launched City Services in select towns across China. If you’re already a user of WeChat, simply change your location to one of the three pilot cities and the language to Chinese and you’ll be presented with a wide array of additional services that may be accessed from right within the app. (more…)

China, InspirAsia

April 24, 2015

1959

Baidu invests $11M in restaurant management platform to bring more local businesses under its wing

TECHINASIA: Restaurant management software-as-a-service startup Keru Cloud today announced it has secured RMB 66 million (US$10.7 million) in series B funding led by Baidu and Tianxing Capital (hat-tip to 36kr). Fangjinglin Investment and Kaixing Capital also participated in the round. (more…)

China, Deals, InspirAsia

April 24, 2015

1665

Xiaomi-backed P2P loans startup Jimubox secures $84M series C funding

TECHINASIA:  Peer-to-peer lending startup Jimubox has just secured $84 million in series C funding. It comes seven months after the Beijing-based firm attracted US$37 million from Xiaomi and ShunWei Capital, a venture capital fund headed by the phone maker’s founder, Lei Jun. (more…)

China, Deals, InspirAsia, p2p/online lending

April 23, 2015

1986

Hong Kong’s Nest Partners With DBS Bank In New Fin-tech Accelerator

E27.CO: The accelerator will be housed in a ‘newly-renovated 5,000-sq-ft workspace in the heart of Wan Chai’, with applications open until July 1 (more…)

Fintech news, Hong Kong, InspirAsia

April 23, 2015

1021

Incorporating A Company In Singapore In One Infographic

E27.CO: As more and more companies look to Singapore as their HQ, understanding how to incorporate a company in one of the most business-friendly locations in the world is now more important than ever.

To make life easier, the folks over at Rikvin put together this super comprehensive infographic on just that. Titled ‘All you need to know about incorporating a Singapore company‘, the infographic includes information on minimum requirements, documents needed, steps involved, as well as post-incorporation and related matters.

We have republished the full infographic below with permission from Rikvin for your researching pleasure. Scroll down to get all that free goodness.

See the infographic

Influences FinTech, InspirAsia, Singapore

April 23, 2015

728

Smart Reasons To Bring Your Entrepreneurship To Singapore

E27.CO: Singapore can be called a business nation: values this country has contributed to the world’s economy have totally changed the way a business can be run. Singapore has led in the World Bank’s Doing Business Survey for years persistently proving its status of “the world’s easiest place to do business”. Everything in the country works for tremendous business results. (more…)

Influences FinTech, InspirAsia, Singapore

April 23, 2015

593

With Fin-Tech Poised As The Next Big Thing, Payments Startup happay Bags US$500K

E27.CO: On the sidelines of LetsIgnite (an event organised for angel investors in India by online deal-making platform LetsVenture on April 22), leading VC funds like IDG Ventures and Lightspeed Venture Partners told e27 that fin-tech is the next industry — after consumer Internet — that is poised to see the most number of actions in the coming years. Bangalore-based seed-stage VC fund AngelPrime has sensed this opportunity early on and invested US$500,000 in city-based happay, a startup which makes expense management cashless, paperless and mobile. (more…)

Deals, India, InspirAsia

April 23, 2015

893

Path in Talks to Sell Social Networking App to South Korea’s KakaoTalk

RE/CODEPath is in serious talks to sell its original social networking app, known as Path Classic, to the makers of South Korean messaging app KakaoTalk, according to multiple sources familiar with the deal.
(more…)

Indonesia, InspirAsia

April 22, 2015

584

Alibaba Buys Movie Ticketing Software Company For $134M

TECHINASIA: Alibaba is continuing its foray into entertainment with a US$134 million purchase of Yueke Software engineering, a company that makes software for ticket booking and theater management. (more…)

China, Deals, InspirAsia

April 22, 2015

642

Alipay Wallet Follows WeChat With Launch Of City Service Payments

TECHINASIA: China’s tech giants are working hard to make sure that consumers use their phones to pay for things. Today Alipay Wallet, the Alibaba-affiliated mobile wallet, announced it now enables Chinese users to fulfill municipal fees in 12 cities. (more…)

China, InspirAsia

April 22, 2015

677

How Asia Uses Bitcoin In One Color-Coded Map

TECHINASIABitcoin is a global phenomenon, but not everyone around the world uses it in the same way. Here in Asia, the way a person from the Philippines uses bitcoin is probably very different from how it’s used in Thailand, and both are very different from the typical user in Taiwan. (more…)

Cryptocurrencies, InspirAsia

April 21, 2015

527

Alibaba Wants Its Merchants To Ditch PCs, Just Use Smartphones

TECHINASIA: Alibaba wants its merchants to ditch their PCs. The ecommerce titan has rolled out new tools into its Taobao mobile app (pictured above) that allow the marketplace’s 8.4 million annual active merchants to run their stores solely from their phones. (Update: Swapped in the latest stat for Taobao sellers; the original article stated 7 million.) (more…)

China, InspirAsia

April 21, 2015

606

Xiaomi’s Smart Strategy to Design Phones for Everyone

WIREDHugo Barra had  a pretty good job—I mean, assuming you consider building the most popular mobile platform in the world to be a pretty good job. As global product lead at Google Mobile and then at Android, Barra served near the top of a division that essentially built an industry-defining business from scratch. A prominent spokesperson, he came to be personally identified with Android’s global domination. So when he left Google in September 2013 for Xiaomi, a scrappy Chinese phone manufacturer that was best known for its CEO’s slavishly Steve Jobs–aping  keynotes, the popular reaction fell somewhere between bemused and befuddled. Some wondered if a widely reported love triangle involving Barra’s girlfriend and Sergey Brin was to blame. The phrase “little known outside of China” seemed to come up a lot. (more…)

China, InspirAsia

April 21, 2015

579

TradeGecko raises $6.5m Series A round from NSI & Jungle Ventures

DEALSTREETASIA: Singapore-based startup  TradeGecko, a B2B web-based inventory and order management software provider for independent brands and their retailers, has raised $6.5 million in a Series A round from  local venture capital firms NSI Ventures and Jungle Ventures (more…)

Deals, InspirAsia, Singapore

April 21, 2015

545

Consumer Finance Startup CompareAsia Scores $40M Series A Led By Goldman Sachs

TECHCRUNCHCompareAsiaGroup, which runs websites that help users find financial services, has raised a $40 million series A led by the Goldman Sachs Investment Partners team. Other investors include Nova Founders Capital (a venture firm that is also one of CompareAsiaGroup’s founders), Jardine Pacific, Ace & Company, Route 66 Ventures, Zynga-founder Mark Pincus, and Owen Van Natta, who has held senior positions at Facebook and MySpace. CompareAsiaGroup’s total raised to date is now about $45 million, including an earlier seed round. (more…)

Deals, InspirAsia

April 21, 2015

641

Teaching China’s Shoppers How to Spend

WIREDIt’s the perfect  Internet strategy: Position yourself at the mouth of a datastream, then get people to feed into it. Take Google: Because it grows anytime someone surfs the Internet, the company invests huge amounts of time and money making it easier for people to log on—going so far as laying miles of fiber-optic cable in Kansas City and delivering Wi-Fi via  high-altitude balloon in Australia. Or Amazon: Because it’s become many shoppers’ default service for online purchases, the company has flooded the market with cheap devices—from Kindles to voice-controlled speakers—to capture every stray consumerist desire. Alibaba, for its part, had the largest IPO in history because the hugely popular retailer benefits almost anytime someone in China spends money online. So now it’s trying to pump even more money into China’s online economy, by introducing the country’s consumers to the tools of modern finance. (more…)

China, InspirAsia

April 21, 2015

2437

Payroll Startup Salarium Partners With Mobile Payment Firm PyxPay

E27.CO: Hong Kong-based payroll solution company Salarium has partnered with PyxPay, a mobile payment firm, in an attempt to increase its service offerings. With this, the former will have an e-wallet that can pay employees anywhere in the world. It also recently partnered with e-money providers in several ASEAN countries for local payments. (more…)

Fintech news, Hong Kong, InspirAsia, Mobile payments/banking

April 20, 2015

1665

Silicon Valley or Death Valley

The Independent: Soaring rental and labour costs have pushed manufacturing companies out of Singapore and in its place the government of Singapore is nurturing high-technology startups to be the next Ali Baba of Asia. (more…)

InspirAsia, Singapore

April 19, 2015

1129

New Startup Brings P2P Loans To Singapore’s Small Businesses

TECHINASIA: Meeting Capital Match co-founders Pawel Kuznicki and Kevin Lim, it feels like they are well on their way to bridge the gap between a technology company and big finance. Dressed in button-up shirts and dark trousers, I get the feeling they’re going to advise me about loans rather than discuss setting up a tech startup. It’s a good thing, then, that they are here to do both. (more…)

Crowdfunding/investing, Fintech news, InspirAsia, news, p2p/online lending, Singapore

April 17, 2015

2160

Fintech Startups Are A Threat To Banks. Here’s What Maybank Is Doing

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…)

Fintech news, InspirAsia, Malaysia

April 17, 2015

1077

Scaling Globally From Singapore

TECHINASIA: Building a startup into a billion-dollar company is still a dream for most.  While it is easier than ever to start a business, it’s harder than ever to scale one. In the tech industry, many companies are “born global” by nature, but successfully scaling globally takes a special mix.  Over the past few years there has been a lot of valuable information and focus on starting lean, but little information as to how to cross the chasm and successfully scale into a profitable, global business.  So, what’s the magic recipe? I have assembled a short list based on my experiences of working with successful startups in the US, Europe, and Asia, and also asked local experts for their opinions. (more…)

Analytics, Global trends, InspirAsia, Singapore

April 17, 2015

1444

Mobile money: why isn’t the M-Pesa effect hitting more countries?

THE GUARDIAN: Access to financial services via mobile phones has proven to be a huge boost to development. Why aren’t more countries following Kenya’s success? (more…)

Fintech news, India, InspirAsia, Mobile payments/banking

April 16, 2015

958

Temasek Largest Foreign Investor In Chinese Banks

DEALSTREETASIA:  Data from SNL Financialreleased earlier this week,showed that Singapore state-owned fund Temasek Holdings is the single-largest foreign investor in Chinese banks amongst the top 25 foreign investors in China. The SNL index also showed that Chinese banks had outperformed their regional peers in the Asia-Pacific, including Japan and Australia. (more…)

China, InspirAsia, Singapore

April 16, 2015

606

Zomato Acquires Cloud-Based MaplePOS To Move Beyond Reviews

E27.COZomato, the online restaurant guide, has acquired MaplePOS, a cloud-based point of sale product for restaurants at an undisclosed sum. It has already renamed the MaplePOS product to Zomato Base. (more…)

Deals, Fintech news, India, InspirAsia

April 15, 2015

872

Philippine Startup Satoshi Citadel Industries Acquires BuyBitcoin.ph

E27.CO: Philippine startup Satoshi Citadel Industries (SCI) has acquired BuyBitcoin.ph, the first Philippine Bitcoin exchange in the country. Founded by Sam Kaddoura, Lasse Birk Olesen, James Florentino and Dan Walton in January 2014, BuyBitcoin.ph is a peso to Bitcoin ‘over-the-counter’ exchange which allows Filipinos direct access to buying and selling of the cryptocurrency. (more…)

Cryptocurrencies, Deals, Fintech news, InspirAsia, news, Philippines

April 14, 2015

589

Temasek Acquires SVB India Finance For $48.1M To Foray Into Venture Debt

TECHINASIA: Singapore’s sovereign wealth fund Temasek has acquired SVB India Finance, the largest provider of debt financing to VC-backed firms in India. The deal is worth INR 3 billion (US$ 48.1 million). (more…)

Deals, India, InspirAsia, Singapore

April 14, 2015

663

Singapore Parliament Takes New Steps To Regulate Taxi Booking Apps

TECHINASIA: Singapore’s Parliament has proposed new laws for the regulation of third-party taxi booking apps such as Uber and GrabTaxias reported by Today Online. The regulations in question echo the basic regulatory frameworkproposed by Singapore’s Land Transport Authority back in November 2014. Requirements such as third parties having to register with the LTA, dispatch only properly licensed cars and drivers, and disclose adequate and timely information on charges and fees, remain. (more…)

Global trends, Government activities, InspirAsia, Singapore

April 14, 2015