Posts Tagged ‘investment’

Singapore’s GIC and Sequoia China invest US$40M into Korean fintech startup Viva Republica

Singapore sovereign wealth fund GIC and Sequoia China have made a joint US$40 million investment into South Korean fintech startup Viva Republica, the developer the financial services app Toss, giving it a war chest of US$116 million. Viva claims that Toss has over 8 million registered users, and has a transaction volume of US$10 billion monthly. […]

Rules for Cryptocurrency Investing: Circle’s Rachel Mayer Has Some Ideas

Rachel Mayer‘s company Trigger, which let investors create rules to automate their trades, was acquired last year by crypto giant Circle, and she believes rules-based strategies can apply to cryptocurrencies. While Circle doesn’t currently offer the tools to create “triggers” for trades, she expects these will be available in the future for traders and ordinary investors. […]

Blockchain start-ups hold investor event in Singapore

According to ICO Platform, a blockchain start-up and crowdfunding platform launched last year, a total of seven blockchain projects met with investors at the 1st Global Blockchain Jump-Start Meetup in Singapore on June 5, where more than 300 people attended. Other than ICO Platform, projects introduced to participants include Alphacon – a blockchain-based health care platform […]

Where Is Amazon Investing In Fintech?

In recent months, Amazon has been investing heavily in fintech initiatives with a particular focus on the huge, high-growth Indian market. Amazon appears to see India’s size, growth potential and addressable financial market as a golden opportunity for fintech investments. Recently, it was reported the company will raise its total investment in India from $5 billion […]

SoFi’s Ex-Venture Head to Raise $150 Million Fintech Fund

Social Finance Inc.’s former head of ventures and corporate development, Logan Allin, is raising a $150 million fund to invest in early stage financial technology firms in the U.S. and abroad, including Asia, Europe and Israel. The fund, called Fin Venture Capital, plans to invest in companies that will spin out of top fintech firms, […]

Ant Financial Invests $321M In Hellobike At $1.47 Billion, Creating A New Unicorn In China

Alibaba’s financial services unit Ant Financial has invested RMB2.06 billion (US$321 million) in bike sharing firm Hellobike, valuing the latter at US$1.47 billion and giving birth to a new unicorn company in China. For Alibaba, the investment is more for strategic considerations as bike sharing provides an important high-frequency interaction with consumers who uses mobile […]

Chinese Fintech Firm CGTZ.com Raises $358M Series D Round Led By Geo-Jade Petroleum

Hangzhou-based fintech platform CGTZ.com has raised a RMB2.3 billion (US$357.8 million) series D round led by Shanghai-listed Geo-Jade Petroleum, a Chinese real estate development and oil exploration and production firm. CGTZ.com provides investment products for small and medium-sized enterprises and individuals. It also provides collateral loans backed by vehicles and houses, and consumer installment credit products […]

Visa launches $100 million venture fund; introduces fast track programme for startups

Visa in Europe has launched a $100 venture investment fund and a fast track programme for onboarding fintech startups to the network. The focus of the fund will be on supporting start-up businesses that are innovating in the arena of open banking and those using emerging technologies that have the potential to create new secure, […]

White Star Capital raises new $180M fund to help startups go international

Global venture capital firm White Star Capital plans to invest $180 million in “transatlantic” companies that need help to go international. The VC already has a presence in London, New York, and Montreal, and as part of its new fund is adding Paris and Tokyo to the list. White Star says it will invest in around […]

State Bank of India to modify rules for startup investments

Country’s largest lender State Bank of India, which has not been able to invest in fintech startups despite earmarking funds, is now looking to modify rules to kickstart the infusion. The bank, which has earmarked Rs 50 crore to invest in fintech startups, will be modifying the rules in order to plough-in the money. SBI […]