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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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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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Indonesia Turn to E-Payment Services as the Sector Takes the Lion’s Share in Local Fintech Market
With the proliferation of e-commerce, 43% of the fintech players in Indonesia are in the payment sector, with offerings ranging from mobile payment to payment gateway, according to the Indonesia Fintech Association (IFA) report 2017. The growth of e-commerce has
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The Philippines is Now Connected to Stellar
Today, you can send money to anyone in the Philippines over the Stellar network–for “free”. In your favorite Stellar wallet you can create a payment to [any phone number in the Philippines]*coins.asia with the amount of Filipino pesos you want
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The 10 FinTech Award Singapore Winners, 250’000 goes to….
The Monetary Authority of Singapore (MAS) and The Association of Banks in Singapore (ABS) awarded 10 FinTech companies a total of S$1.15 million at the FinTech Awards. Organised as part of the Singapore FinTech Festival, the FinTech Awards recognise innovative
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Singapore Fintech Awards 2016 Announces 40 Finalists
Singapore FinTech Awards 2016, comprising the MAS FinTech Award and ABS Global FinTech Award, will be part of the inaugural Singapore FinTech Festival that will be held during 14 – 18 November 2016. The Awards recognise innovative FinTech solutions that
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9 Incubators, Accelerators and Startup Programs For Singaporean Fintech Ventures
The following list complements a previous article we published in September 2015 which included a selection of some of Singapore’s most notorious incubators and accelerator programs including Startupbootcamp Fintech Singapore – which will open up applications for startups on November
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Fintech In Personal Banking Landscape in Southeast Asia
After Singapore’s central bank made the decision in 2015 to turn the country into the fintech hub of Asia, fintech has suddenly become the new buzzword across the South East Asian region. South East Asia has long been at the
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The Future of Finance: A World Without Banks
A world without banks is coming closer. A new report by the Massachusetts Institute of Technology (MIT) investigates how legacy banks will unquestionably come to an end and the possibility of the future ‘invisible banking’. Existing banks seem fail to
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The Emergence of Fintech: Where Does Malaysia Stand?
Fintech is a space that we’ve been operating in for the past eight years and a space we have observed for an even longer time. It is truly an exciting space to be in at this day and age. Years
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