Tag "Goldman Sachs"
Job Cuts Hit Morgan Stanley and HSBC in China and Hong Kong
In a move reflecting the challenging market conditions in the Asia-Pacific region, particularly in Hong Kong and China, global investment banks Morgan Stanley and HSBC have recently implemented targeted job cuts within their investment banking teams. Sources indicate that Morgan
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Hong Kong Fintech FundPark Secures US$500 Million Funding Facility from Goldman Sachs
FundPark, a fintech startup focusing on trade finance for small and medium enterprises (SMEs), has obtained a US$500 million (HK$3.9 billion) funding facility from Goldman Sachs. This marks the second funding initiative between FundPark and the investment bank, doubling the
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8 Startups Selected for Accenture’s 2018 FinTech Innovation Lab Asia-Pacific
Eight fintech companies have been selected for the fifth annual FinTech Innovation Lab Asia-Pacific, a 12-week mentorship program created by Accenture in Hong Kong. The 2018 program received a record number of applications, from more than 160 companies, and comes at
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US$55 Million Series C Funding for Japanese Fintech
Paidy – the instantly issued post-pay credit account linked to mobile phone number company from Japan, has announced at RISE in Hong Kong a Series C funding round of US$55 million. The investment is being led by ITOCHU Corporation, with
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World Bank’s IFC To Invest US$25M In CompareAsiaGroup
CompareAsiaGroup, a leading financial comparison service in Southeast Asia, is about to raise US$25 million from the World Bank Group’s private equity arm, the International Finance Corporation (IFC). The IFC said in the filing that the proposed investment in CompareAsiaGroup “aligns with
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