Singapore Fintech Association and Indian Chamber of Commerce agree fintech pact
Singapore Fintech Association (SFA) and the Federation of Indian Chambers of Commerce and Industry (FICCI) today inked a partnership agreement to share information about FinTech and collaborate on mutually beneficial initiatives that would further the development of the FinTech industry in both countries. This agreement was signed at the opening ceremony of the first ever Singapore Pavilion at the Singapore FinTech Festival 2019, the largest FinTech event in the world. The signing of the Memorandum of Understanding (MOU) was witnessed by His Excellency Jawed Ashraf, High Commissioner of India to Singapore. Commenting on the announcement, Mr Chia Hock Lai, President, SFA said, “In recent years, India has been a country […]
Tokyo-based WealthNavi raises $37.6m in Series D round
Tokyo-based WealthNavi, provider of Japan’s biggest financial robo-adviser service, has secured 4.1 billion yen ($37.6 million) in its Series D funding round backed by a fund launched by Sony Financial Ventures and Global Brain, according to an announcement. Other investors including UTokyo Innovation Platform, SMBC Venture Capital, Mizuho Bank, Opt Ventures, and Resona Capital also participated in the funding round that brings the total funding into WealthNavi to over $130 million, the company said. Established in 2015 by Kazuhisa Shibayama, WealthNavi offers a platform for asset managers to provide advice using risk management algorithm. The company has opened 240,000 accounts with assets under management of 180 billion yen ($1.6 billion). […]
FinTech startup troy successfully completes Series A financing round
FinTech startup troy, which specializes in customer-friendly debt collection, has successfully completed its second round of financing, raising a medium-sized seven-digit amount. troy completed the funding round with the help of four new investors: eCAPITAL, BORN2GROW, Avala Capital and Seed X Liechtenstein AG. Also, all existing investors have re-invested. The former lead investor, HTGF High-Tech-Gründerfonds, has even increased its previous investment. troy is changing the debt collection industry by optimizing the customer experience, using tools and methods from marketing and CRM combined with data and machine learning. troy was founded in 2017 by Philip Rürup and Till Völzke in Lippstadt and was officially launched in September 2018. Representing troy’s rapidly […]
Fintech startup ABC Technology establishes international HQ in Singapore
Fintech startup ABC Technology today announced the establishment of its international headquarters in Singapore. The move marks the next step in the company’s drive to bring its artificial intelligence (AI)-based financial technology solutions to the global arena. The international HQ is responsible for sales and marketing, as well as spearhead the filing and registration of patents for the startup’s intellectual properties (IPs). “We picked Singapore as the base for our international operations because of its strategic location, leading position as a financial hub, language proficiency and maturity of IP rights. Singapore practises sound corporate governance and is an easy place to do business,” said Mason Yang, Founder and Chief Executive […]
Glasgow in sights of fintech aiming to disrupt lending market
A fintech start-up founded by a Glaswegian entrepreneur is aiming to disrupt the lending market with a “totally new and fair approach” – and set to roll out low-cost loans for public sector workers in locations including Glasgow. Salad Money, founded by Debt Hacker campaigner Alan Campbell, is looking to “smash the monopoly” of credit reference agencies and tap into open banking and artificial intelligence. The company, which says it is the first open banking powered lender, said it is opening up affordable credit to 85 per cent of applicants who were previously excluded from credit or paying sky-high annual rates. Salad Money said its “revolutionary” new method of credit […]
London real estate fintech biz collects €11.5m
Immo Investment Technologies has raised €11.5 million from investors including Talis Capital and HV Holtzbrinck Ventures. The business sources and purchases homes on behalf of buy-to-let investors. In addition to the equity capital, the London-based company has secured €60 million from real estate investors to fund the acquisition of properties. To read more, please click on the link below… Source: London real estate fintech biz collects €11.5M | PitchBook
Bahrain’s fast track plan to become a FinTech hub
FinTech is one of the key focal points of governments in the GCC, as it is at the core of facilitating the economy. Easing payment methods and making them faster not only helps businesses receive payments and clear dues quickly, but also facilitates business projects faster. Not to forget that the international nature of economy today means cross-border payments need to become faster and easier, which is why UAE and KSA have been experimenting with blockchain to understand its impacts on international bank transfer. Just this year, FinTech has gained strong traction in the region. And Abu Dhabi has been launching a number of funds and initiatives to support the […]
FinTech company OKLink wins Deloitte “Hong Kong Rising Star”
Leap Holdings Group Limited announce that OKLink Fintech Limited, a wholly-owned subsidiary of Leap Holdings Group, was awarded the “Hong Kong Rising Star” by Deloitte in 2019 HK Tech Fast 20 and Rising Star Program on 8 November 2019. The award recognizes OKLink’s leading position in the industry segment and ample room for growth. OKLink focuses on the R&D and application of blockchain technology. The company provides blockchain services and applications, including stablecoin, blockchain, big data, and blockchain asset custodian services. With the Hong Kong government actively promoting technology and innovation, OKLink continues to seek breakthroughs in innovation with leading technology and win-win business model and has become a successful […]
