Lending

Chinese POS Lending Startup Plans Fintech IPO

Fenqile is planning a U.S. initial public offering that could raise about $600 million. The Shenzhen-based startup, founded by former Tencent executive Xiao Wenjie, could list as soon as this year. Fenqile, which means “Happy Installment Payments” in Chinese, targets

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Funding Societies Launches​ F​S Bolt – Claims to Be Fastest Working Capital Loan Provider in Singapore

Funding Societies, Singapore’s digital lending startup, has announced the launch of FS Bolt – a mobile application to provide flexible working capital loans for local SMEs. With minimal document submission and an application process that takes merely two minutes to

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Lendit USA Review: Keynote Presentation by Peter Thiel “Developing the Developed World”

An interesting previous Lendit USA Keynote Presentation: Developing the Developed World with entrepreneur and investor Peter Thiel.   LendIt USA is the world’s biggest show in lending and fintech, and in 2017 the event returns to New York City, taking

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The “Hen and Egg” Issue With all Online-Lending Startups in Asia

Online-lending service for students SoFi (Social Finance Inc.) is close to raising about $500 million in a funding round expected to be led by private equity firm SilverLake Partners to bolster the expansion of its online-lending businesses and personal financial

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3 Alternative Ways for Singapore SMEs to Get Funding

Singapore’s economy faced strong headwinds in 2016 and most key business indicators and economists have expressed pessimism for 2017. The Singapore economy is “in for a tough period that will last for a while,” said deputy prime minister Tharman Shanmugaratnam in

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Peer-to-Peer Lending in Vietnam

Access to and use of formal financial services is low in Vietnam compared with other countries in the region, with only 31% of all adults having formal bank accounts in 2014, according to the World Bank. 14.6% percent of Vietnamese

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Singapore P2B Invoice Financing Platform SmartFunding Secures Seed Funding

SmartFunding, a platform that provides small and medium businesses (SMEs) alternative financing solutions, secures SG$700,000 in seed funding. The Peer-to-Business invoice financing platform bridges the SME funding gap by allowing SMEs to sell their yet-to-be-paid invoices to investors who want

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MAS Awards a Full CMS Licence to MoolahSense

MoolahSense is the first marketplace lending platform to be granted a full Capital Markets Services (CMS) licence by the Monetary Authority of Singapore. The CMS licence for “Dealing in Securities” was issued today. This marks a milestone in the development

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Malaysia: 6 Liscences for Peer-to-Peer Financing Operators

Securities Commission Malaysia (SC) introduced six registered Peer-to-Peer (P2P) financing platform operators in Malaysia to widen funding avenues for small and medium enterprises (SMEs). The six registered operators are B2B FinPAL, Ethis Kapital, FundedByMe Malaysia, ManagePay Services, Modalku Ventures and

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Unqualified P2P Chinese Platforms Under New Policy

The China Banking Regulatory Commission (CBRC) on 24th August officially released “Interim Measures for Administration of Peer-to-Peer Lending Information Intermediaries” (hereafter referred to as “Measures”). An information intermediary rather than a financial institution defines a P2P lending institution or platform.

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