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WeLab Secures US$25 Million Credit Facility To Fuel Hong Kong Growth

WeLab, one of the fastest growing fintech companies in Greater China, has announced it has secured a credit facility of US$25 million from ING Bank. WeLab is the operator of Wolaidai (我来贷), one of China’s largest mobile lending platforms, and

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First 5 Licensed Players in Hong Kong Digital Payment Landscape

Hong Kong had granted Stored Value Facilities (SVF) Licenses to the first 5 batch of digital payment payment providers last month according to Startup Beat. This is in response to Payment Systems and Stored Value Facilities Ordinance which came into

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Hong Kong’s Top 11 Fintech Influencers

With financial services accounting for 16% of its GDP and employing 236,000 people, or 6% of total employment in Hong Kong, it comes with little surprise that the region has made fintech one of its top priorities. Hong Kong, one

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Fintech Regulation in Asia: How Singapore, HK, Korea, Japan, China, India Are Doing it

In 2015, Asia’s fintech startups attracted US$4.5 billion in venture capital funding through 130 deals, making the region the second biggest player in terms of venture capital following North America with US$7.7 billion through 378 deals. According to a report

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8 Fintech Startups Enter The FinTech Innovation Lab Asia-Pacific

The startups will undergo a 12-week mentorship programme led by senior financial executives in a series of workshops at the Hong Kong-based tech business park Cyberport to commercialise their products. 8 leading financial technology (fintech) companies today begin a 12-week mentorship

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FINOVATE The Fintech Show is Back in Asia. This Time in Hong Kong

Finovate Asia in Hong Kong: Since 2007, Finovate conferences have showcased new innovations in banking, investment, insurance, lending, payment solutions and other financial services technology. At Finovate, selected startups and companies always did their best to impress a passionate crowd

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Hong Kong’s Fintech Industry: Opportunities, Challenges and Success Stories

In the race to become Asia’s fintech hub, Singapore and Hong Kong are undeniably the two most well placed to claim the title. Singapore and Hong Kong, two of the Four Asian Tigers, are global financial centers which rely on

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