Fintech news


How Stripe can win the payments war in Asia

By Karen Mok for
Stripe is one of the most beloved startups in Silicon Valley. Stripe has been a definitive success in the US, but it’s looking beyond those borders in its next phase of growth. Asia is a clear contender – it has about half of the world’s smartphone users and is predicted to see the fastest e-commerce growth in the world in the years to come.


Analytics, Fintech news, Hotnews, Mobile payments/banking

February 19, 2016


Accenture, Broadridge & PwC announces Blockchain Partnerships with Digital Asset.


Blockchain technology developer Digital Asset Holdings has revealed new ‘strategic business relationships’ with consulting and technology services firm Accenture, financial services firm Broadridge and one of the ‘Big Four’ in auditing and services network PricewaterhouseCoopers (PwC). (more…)

Blockchain, Fintech news

February 19, 2016


5 reasons Apple Pay won’t succeed in China

By Steven Millward for

Apple Pay launched in China today, as Tech in Asia reported this morning. It’s not going to be an easy ride for Apple, since Chinese consumers are already used to online payments and in-store cashless transactions on their phones through WeChat and Alipay.


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

February 19, 2016

UniCredit to invest €200M in Fintech companies globally

Banking group UniCredit has committed approximately €200m to invest in fintech companies worldwide.


To this end, The bank has signed a partnership with Anthemis Group, a London, UK and NYC-based venture capital and advisory firm that focuses exclusively on fintech.

According to a note, Unicredit aims to invest in fintech companies in order to turn a threat into an opportunity, enriching the business proposition and speeding up the digital evolution program of the group.

UniCredit will invest through two dedicated vehicles, as follows:
– a €175m equity fund focused on established startups and follow-on investments, with , and
– a $25m fund investing in early stage startups, where the bank will act as anchor investor.

Anthemis Holdings invests in digitally native financial services companies in such sectors as:
1. Retail banking & consumer finance
2. Business & corporate banking
3. Payments
4. Wealth & asset management
5. Capital markets & trading
6. Insurance & risk management
7. Data, technology & infrastructure

The firm currently has a portfolio of 31 companies based is US (52%), UK (30%), Continental Europe (4%) and rest of the world (15%), including Azimo, Betterment, eShares, eToro, Fidor Bank, Jumo, Metamakets, Payperks, Premise, Seedcamp, Xenapto, etc.

The article first appeared in

Banks, Fintech news, Global trends

February 19, 2016


25 FinTech Startups That Expanded Globally Despite Regulations & Other Problems

Borderless innovation is a broad topic, which includes global expansion, global networking, cross-country laws, global business opportunities and partnerships and a lot more. A few FinTech startups have been successful in global expansion.


Banks, Cashless, Fintech news, Global trends, news, SME

February 19, 2016


The Health Sector Needs Tech Giants

By Carla Smith for

Big companies around the world have made – with varying degrees of success – plays at breaking into the health sector. Google and Apple are prime examples.


Fintech news, Global trends, Insurance

February 18, 2016


A 32-year-old CEO who sold her startup for more than $250 million reveals her one piece of advice for...

By Portia Crowe for Business Insider,

Alexa von Tobel is a startup founder, a New York Times best-selling author, and a Presidential Ambassador for Global Entrepreneurship. (more…)

Fintech news, PFM/PFP services, SME

February 18, 2016


Deals: Driving Analytics Startup Zendrive Circles $13.5 Million Series A

By Connie Loizos for

Zendrive, a startup that uses smartphone sensors to measure drivers’ behavior, has raised $13.5 million in Series A funding led by Sherpa Capital, with participation from Nyca Partners, Thomvest Ventures, and earlier backers First Round Capital, BMW i Ventures, Fontinalis Partners. Tad Montross, who’s the chairman and CEO of General Re Corporation, also joined the round. (more…)

Deals, Fintech news, Insurance

February 17, 2016

Igor Pesin in conversation with Malaysian radio station (89.9 fm)


Igor Pesin, the investment director of Life.SREDA VC,  in conversation with Malaysian business radio station ( shared some insights on trends that are influencing the financial technology industry in South East Asia. (more…)

Fintech news, Influences FinTech

February 17, 2016


Paytm removes one reason for not using digital wallets

By Meghna Rao for

Mobile wallet-turned ecommerce site Paytm made it free for customers to pay merchants offline through its app today. (more…)

Cashless, Deals, Fintech news

February 17, 2016



Deals: Amazon acquires Indian online payments company Emvantage

Reuters: Inc (AMZN.O) said it has acquired Indian payments processor Emvantage Payments Pvt Ltd for an undisclosed sum. (more…)

Cashless, Deals, Fintech news, India, Mobile payments/banking

February 17, 2016


Why Wall Street Is Embracing the Blockchain?

By Cade Metz, writer at 

Just before Christmas, and its free-thinking CEO, Patrick Byrne, announced that the Securities and Exchange Commission had approved its plan to issue stock over the blockchain, the vast online ledger that drives the bitcoin digital currency.


Analytics, Banks, Blockchain, Fintech news, Global trends, news

February 17, 2016


Hedge Fund Manager Puts Profile on Social Media, Lures $20 Million

By Selina Wang for Bloomberg Business,

Joshua Young set up a profile on SumZero, a site that helps match fund managers with institutional investors, and landed a university endowment. (more…)

Fintech news

February 16, 2016


More P2P trouble as Chinese online lender accused of impersonating Jack Ma

By C.Custer for

Before the lunar new year holiday, China’s massive online P2P lending market was somewhat in disarray. A cloud of doubts were crystallized when a police investigation of Ezubao, previously one of the scene’s top companies, discovered it was a Ponzi scheme. Banks started cutting off ties to the sector, and regulators were circling. The holiday offered a brief respite, but the return to business in China has brought with it more bad news for the sector. (more…)

Cashless, China, Fintech news, p2p-payments, p2p/online lending

February 16, 2016


World Economic Forum: What will the bank of the future look like?

By Taavet Hinrikus, Co-founder, TransferWise. Taavet Hinrikus is co-founder of TransferWise, the international money transfer platform, a World Economic Forum Technology Pioneer.

Lionel Barber, the editor of the FT, summed it up at Davos: “Nobody wants to be in banking, everyone wants to be in fintech”. Fintech – or financial technology – has reached the mainstream, but what does this mean for the banks?


Fintech news

February 16, 2016


Wearables in the fintech space?

By Yon Heong Tung

The wearable space may be nascent, but it holds great potential for fintech innovation, says Andrew Parker from the fintech firm Fiserv


Cashless, Fintech news, Global trends, news

February 16, 2016


Deals: Indian online renting platform RentSher gets $300,000 seed from a group of angels

The Economic Times:  RentSher – set up by IIT Delhi and Oxford University alumni – is a marketplace for rental products has raised more than $300,000 in seed funding, according to a top executive of the company.


Deals, Fintech news, India, news, SME

February 15, 2016

Deals: Student microlending startup Buddy raises $500k from Tracxn Labs, Blume and others

DealStreetAsia: Bangalore-based student microlending startup, Buddy, has raised a Pre Series-A funding round of $500,000 from Blume Ventures, TracxnLabs and angel investors.


Deals, Fintech news, news, p2p/online lending

February 15, 2016

Australia’s corporate giants recruit digitally-minded outsiders to drive transformation

By David Braue for The

Big Australian businesses are turning to digital professionals from outside rather than promoting from within


Fintech news

February 13, 2016


New marketplace helps angel investors, startup employees sell their shares to VCs

By Malavika Velayanikal for dealstreetasia,

Exits are vital for a startup ecosystem. They improve liquidity because investors can sell their stocks and redeploy those funds into new startups. (more…)

Crowdfunding/investing, Fintech news

February 12, 2016

UN Paper: Pushing Bitcoin for Third World Issues Can Be ‘Techno Colonialism’

By Daniel Palmer for Coindesk,

A new UN working paper argues that the bitcoin community has a tendency towards “techno-colonial solutionism” and “techno-libertarian evangelism” in proposing the digital currency as a solution to issues in the developing world. (more…)

Banks, Blockchain, Cryptocurrencies, Fintech news

February 12, 2016


Deals: Personal finance website partners OCBC to offer home loan with a rate of 1.63%

By Rachel Boon for StraitsTimes,

SINGAPORE -Personal finance portal will offer an OCBC Bank home loan for a limited period. (more…)

Banks, Deals, Fintech news, Japan, Mobile-first banks, SME

February 12, 2016

Deals: Visa discloses big stake in Jack Dorsey’s Square

By Paul La Monica for CNN Money,

Visa, the credit card processing giant famous for that marketing slogan, disclosed in a SEC filing late Thursday that it now owns a 9.99% stake in the class A shares of Square, the mobile payments startup co-founded by Twitter CEO Jack Dorsey. (more…)

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

February 12, 2016


How Alibaba is helping Paytm think differently about ecommerce in India

By Meghna Rao for

Paytm has had a unique approach to ecommerce in India. Originally launched as a site for mobile phone top-ups in 2010, the name is an abbreviation for “pay through mobile”. It soon pivoted to become an online wallet and, four years later, it launched an ecommerce site. (more…)

Cashless, China, eWallets, Fintech news, InspirAsia, SME

February 11, 2016


Lending Club Posts Second-Ever Profit as Revenue Doubles

By PETER RUDEGEAIR and AUSTEN HUFFORD for Wall street Journal

Peer-to-peer lender’s loan originations jump 82% (more…)

Fintech news, p2p/online lending

February 11, 2016


BBVA Shuts In-House Venture Arm, Pours $250M Into New Fintech VC Propel Venture Partners

By Ingrid Lunden for

BBVA — the Spanish banking giant that acquired Simple in the U.S. and last year made a$67 million investment in still-stealth mobile-only bank Atom in the UK — is changing up how it plans to invest in fintech startups in the future. (more…)

Deals, Fintech news, Global trends, news

February 11, 2016


RealtyShares Raises $20 Million For Its Real Estate Investment Marketplace

By Jonathan Shieber for Techcrunch

Less than a year after it closed a $10 million round of financing, the real estate investment marketplace RealtyShares has managed to rake in another $20 million for its funding platform. (more…)

Crowdfunding/investing, Fintech news

February 10, 2016

Alibaba’s wallet app to give away $120m in live TV tie-up

By Steven Millward for

Alibaba and its mobile wallet app Alipay will give away US$120 million to viewers of the Chinese New Year TV extravaganza in China on February 7. (more…)

Cashless, China, Fintech news, InspirAsia, p2p/online lending

February 10, 2016


Fintech Is Just Getting Started

By Alan Carlisle for,

In just the first week of trading in 2016, the S&P 500 lost 6 percentage points and more than one trillion dollars in market capitalization. With the worst start in more than a century, the markets seem to be predicting a slow period for the U.S. economy. (more…)

Fintech news, Global trends, SME

February 10, 2016