Archive for the ‘FinTech’ Category

Ant Financial joins $120m Series D round of Chinese fintech Snowball Finance

Chinese fintech startup Snowball Finance — a social investment platform that allows Chinese investors to conduct discussions and interactions related to financial products such as stocks, bonds, funds, insurance and others across the US, Hong Kong and Chinese markets — has announced a $120 million Series D financing with Alibaba’s Ant Financial joining the round as […]

SINA-backed Chinese fintech startup PINTEC files for $70m US IPO

Pintec Technology Holdings Ltd (PINTEC), a Chinese financial services technology platform, is looking to raise up to $70 million in anIPO on Nasdaq, according to an SEC filing. PINTEC offers solutions for point-of-sale financing, personal and business instalment loans, wealth management, and insurance. Read more

‘This Is Not a Passing Fad’: CFA Exam Adds Crypto, Blockchain Topics

CFA Institute, whose grueling three-level program has helped train more than 150,000 financial professionals, is adding topics on cryptocurrencies and blockchain to its Level I and II curriculums for the first time next year. Material for the 2019 exams will be released in August. CFA added the topics, part of a new reading called Fintech […]

HKMA and seven banks to jointly launch blockchain-based trade finance platform in September

The Hong Kong Monetary Authority and seven local lenders will launch a trade finance platform using blockchain technology in September, reflecting efforts by the city to bolster fintech development and close the gap with regional rival Singapore. Lenders taking part in the project include HSBC and Standard Chartered Bank, Bank of East Asia, Australia and New […]

Meet the 100 top-funded fintech companies in Asia

The entire financial system could be due for an overhaul, and Asia is right in the center of it. Which company in Asia is most likely to challenge the status quo? An imperfect way to judge would be the amount of money they have raised. Using its data, Tech in Asia has generated a constantly updated list […]

Fintech Chasing Returns secures €600k

Irish fintech Chasing Returns closed a €600,000 funding round last week, securing funding from Goldman Sachs and JP Morgan as well as a number of Irish tech entrepreneurs. The fintech company builds risk management solutions for financial traders. The investment will be used to fund the continued expansion of the business and develop new products, and […]

State agency now world’s second-biggest fintech investor

The number one fintech investor is California’s Y Combinator, described by The New York Times as a ‘startup machine’. Last year it invested in 29 companies. The second most active in the world was Enterprise Ireland, with 23. That puts it ahead of high-profile players, including Digital Currency Group and Accel Partners, which backed 19 companies […]

Fintech’s reach is limited to the rich 23% of Indians, says report

Fintech companies have succeeded to cater to only 23 per cent of the elite/affluent section of the Indian economy while a huge portion still remains untapped. The lower and middle income segment, which comprises 47 per cent of the population, remains a potential market, states a study supported by JP Morgan. Fintechs have the opportunity […]

3 Fintech Data Analytics Startups to Watch

Bank Innovation has named three startups mining data for banks that it is watching this month: Hexanika — a data management and reporting solution for financial institutions. MindBridge Analytics — a platform that uses AI and ML to detect “anomalous patterns of activities, unintentional errors and intentional financial misstatements” in financial datasets. Harvesting — a SaaS provider that […]

AmEx Ventures-backed financial marketplace IndiaLends secures $10 Mn Series B round

Fintech startup IndiaLends has raised $10 million in its Series B round of funding led by London-based ACPI Investment Managers and India-focused Ganesh Ventures. The funding round also saw participation from existing investors such as American Express Ventures, DSG Consumer Partners, and AdvantEdge Partners. IndiaLends will use the fresh funds to launch new products such as […]