Posts From Tom Noda
PH Firm Regent Blockchain Closes $4M Deal and Got Acquired
Philippine company Regent Blockchain Group, Ltd., has raised up to $4 million in a joint venture deal with US-based diversified holding company PHI Group, Inc. The JV firm to be created will engage in offshore financial center and blockchain businesses,
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Philippines: CEZA Issues First Crypto Trade License To HK Firm Quickpay
The Cagayan Economic Zone Authority (CEZA), the Philippines’ “fintech city” developer, has issued its first financial technology solutions and offshore virtual currency (FTSOVC) license to Hong Kong-based blockchain solutions firm Golden Millennial Quickpay. CEZA Corporate Board Secretary Catherine Joy Alameda
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Philippines Remittance Market Gets a Booster from Blockchain-Powered Remittance Services
The Philippines’ remittance and international money transfer industry, the third largest globally, is getting a booster from two latest developments in blockchain-backed remittance services. They come from recent business partnerships done by Jack Ma’s Ant Financial Services Group (Ant) and
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Philippines’ CEZA Limiting Cryptocurrency Exchange Licenses to 25
The Cagayan Economic Zone Authority (CEZA), a Philippine government-owned and-controlled corporation tasked to develop the “fintech city” in the country, is planning to limit to 25 the number of licenses it issues to cryptocurrency exchanges. CEZA administrator and CEO Raul
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Acudeen Completes $35M Digital Token Sale
Philippine fintech startup Acudeen Technologies Inc announced a sold out of its digital coin offering the ACU Token on Sunday, June 10, raising up to $35 million. Held in Singapore, Acudeen’s token sale was a global one and is designed
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Top 10 Fintech Startups in Philippines 2018
“Nine out of 10 startups fail” is a popular buzz phrase accepted by many as plain and simple truth, while some even say success is 99 per cent failure. For the past few years, Fintech News Network has featured numerous
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P2P Lending Platforms in Philippines Rising
As majority of the Philippine population remains to be unserved and underserved by banks, the launching of digital peer-to-peer (P2P) lending platforms in the country have been consistent for the last four years. The P2P method is touted as a
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Creation of a Fintech City to Push Fintech in Philippines
The plan to create a “fintech city” in the Philippines will be pushing through as rules and regulations have been issued by the Cagayan Economic Zone Authority (CEZA), a government-owned and-controlled corporation tasked to manage and supervise the Cagayan Special
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Philippine HR-Payroll Startup Sprout gets $1.6m Funding
Sprout Solutions, a Philippine-based Human Resource and payroll systems startup, has raised $1.6 million in a seed round led by Kickstart Ventures, along with Wavemaker Partners, Beenext, and one private investor. The company plans to use the proceeds to further
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Central Bank of the Philippines Explains Digital Money in One Image
The Bangko Sentral ng Pilipinas (BSP) or central bank of the Philippines has released its latest update on Virtual Currency (VC) contained in one image. It explained the differences between virtual currencies, e-Money, and Fiat/Real Currency. Featured image via
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