Fintech News Hong Kong

Airwallex Now Valued at US$4 Billion With Latest US$200 Million Series E

Cross border payments firm Airwallex announced it has raised US$200 million in an oversubscribed Series E financing round, increasing the

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Future-Proofing Against Compliance and Risk When Expanding Globally

Globalization Partners, a US-based compliant and automated global employment platform, found that companies that grow internationally without prioritising compliance are

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TransUnion Acquires Neustar for US$3.1 Billion to Enhance Digital Identity Capabilities

American consumer credit reporting agency TransUnion has signed a US3.1 billion deal to acquire Neustar, an identity resolution company, from

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ZA Rolls Out Fund Service for Retail Investors in Push for Wealth Democratisation

ZA One, an integrated financial services platform under ZA International, has rolled out a fund service for individual investors in

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Mox Bank Rolls Out Instant Loans Offering

Hong Kong’s virtual bank Mox announced the roll out of its ‘Instant Loan’ offering a year after the launch of

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What Is The Metaverse and Why is the Financial Sector Embracing It

The metaverse, a combination of “meta”, meaning beyond, and “universe”, has rapidly emerged as a major trend for companies around

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China Kicks off Multibillion Dollar Investment Link With Hong Kong and Macau

China has officially launched the Wealth Management Connect (WMC) with Hong Kong and Macau to carry out cross-boundary investment in wealth

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China Enters a New Age of Fintech

After a period of rapid growth and innovation, the Chinese Internet sector is entering a new phase of development on

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Stronger Mobile Application Security Is the Key to Revenue Growth

Financial institutions have been moving towards expanding digitisation for years, offering remote banking services, and prioritising the customer experience in

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PayPal Makes Japanese BNPL Play With Paidy Acquisition for US$2.7 Billion

PayPal announced that it has agreed to acquire Paidy, a Japanese buy now pay later solutions (BNPL), for ¥300 billion

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Hong Kong’s Digital Banks Will Operate at a Loss for at Least the Next 2 Years

Despite advantages including cheaper operational costs and backing from tech firms with deep pockets, Hong Kong’s digital banks will face

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RISE Conference Will Return to Hong Kong in 2022!

Web Summit, the company behind RISE, announced that the tech event will be returning to Hong Kong on 14th to

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17 South-Korean Fintech Startups Graduates F10’s Accelerator Programme

In the virtual Demo Day held on September 2nd 2021, 17 teams from South Korea have successfully completed F10’s intensive

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Huawei Eyes APAC Fintech, E-Commerce Startups with New US$100M Commitment

Over the next three years, Huawei will be committing US$100 million into its Spark program in Asia Pacific (APAC), a

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ADDX Secures US$200 Million Allocation From China’s Offshore Investment Scheme

ADDX, a Singaporean digital securities exchange formerly known as iSTOX, expects to enlarge its business in China after with a

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Stripe Deepens Partnership With UnionPay to Tap Into China’s Consumer Market

Payment infrastructure provider Stripe has deepened its partnership with China’s UnionPay International to widen its access to the booming global

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Pet Insurer OneDegree Raises US$28 Million to Expand Across Five Continents

OneDegree, a Hong Kong-based insurtech startup under the Cyberport Incubation Programme, announced that it has raised US$28 million in a

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Cyberport Approves HK$10 Million for 93 Fintechs Through Its Subsidy Scheme

Hong Kong digital tech park Cyberport announced that it has approved a total grant of HK$10 million for 93 projects

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Airwallex Expands Its Footprint to the US

Airwallex, a cross border payment company, announced its official launch in the US as it continues its international growth momentum.

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BIS, HKMA Explores Use of Tokenised Green Bonds in Sustainable Investment Push

The Bank for International Settlements (BIS) Innovation Hub Hong Kong Centre and the Hong Kong Monetary Authority (HKMA) will be

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ESG Data Firm MioTech Raises Undisclosed Funding From Singapore’s GIC

MioTech, a Hong Kong-based sustainability data and solutions provider, has raised an undisclosed sum from Guotai Junan International and GIC

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Lega Serie A Chooses Crypto.com as Its Innovation and Tech Partner

Hong Kong-based cryptocurrency platform Crypto.com will become the first innovation and technology partner of the Italian Professional Football League known

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Coinbase Inks Deal With MUFG To Set Up a Crypto Exchange in Japan

US cryptocurrency exchange Coinbase has signed a deal with banking giant Mitsubishi UFJ Financial Group (MUFG) to begin digital asset

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Philippines’ Unionbank Partners Hex Trust to Pilot Its Digital Asset Custody Service

The Union Bank of the Philippines (UnionBank) has partnered with digital asset custodian Hex Trust to pilot its digital asset

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ZA Bank Rolls Out Interest-Free Payday Loans for Beta Users

Hong Kong’s virtual bank ZA Bank announced the launch of “Salary FastPass”, an interest-free early payday product in Asia that

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6 Upcoming Fintech Online and Hybrid Events in Hong Kong

Earlier this month, the Hong Kong government extended to social distancing measures in place for 14 more days starting August

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Despite Crackdowns, China Remains One of the World’s Top Crypto Market

Despite crackdowns on cryptocurrency trading and mining, China remains one of the most active cryptocurrency markets in the world, according

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Cross-Border Payments Firm Currenxie Pulls in US$10 Million From Series A Fundraise

Currenxie, a Hong Kong-headquartered cross-border payments company, announced that it has successfully closed a US$10 million Series A funding round

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BBVA Signs Deal To Join Ant Group’s Blockchain-Based Trading Platform Trusple

BBVA has signed an agreement to integrate its cross-border payment and financing services on Trusple, a blockchain-based trading platform powered

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Airstar Bank Expands Its Banking Services for SMEs With Loan Offering

Xiaomi and AMTD’s virtual bank Airstar has launched another stage of its pilot trial which features the SME Easy Pay

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Fintech Top Articles

Meet Hong Kong’s 8 New Virtual Banks

UPDATE: Four of Hong Kong virtual banks have since launched, check out our latest article to find out the progress

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How Does Hong Kong’s Digital Lending Scene Compare to The Disaster in China

P2P lending and digital lending has been on the rise lately, with many countries moving to regulate the space. Conventional

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Crowdfunding Fails To Take Off In Hong Kong

In recent years, crowdfunding has emerged as a popular way for individuals, startups and businesses to raise funding from a

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Citi Launches Live Chat to Service Hong Kong’s 1 Million Millionaires

Citi Hong Kong has launched Citi Live Chat, which enables the bank’s relationship managers to interact with their Citigold Private

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Ant Financial to Share Full Suite of AI Capabilities with Asset Management Companies

At Financial announced that the Company will share a full suite of AI capabilities with asset management companies in China

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Local Fintech Startup to Fuel Global Ambition with US$1.6 Million from Vectr Ventures

gini, a Hong Kong-based smart spending-tracker announced that it has completed its seed round with a $1.6 million investment from

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Robo-Advisor AQUMON, a HKUST Incubatee Receives yet Another Round of Funding

Designed by Magnum Research, Aqumon is a robo advisory service aimed at making wealth management more accessible to the Hong

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Fintech in Hong Kong 2017 Startup and Ecosystem Report and Infographic

With over a hundred fintech ventures and more than 35 investors and accelerator programs, Hong Kong’s fintech ecosystem is growing

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Sofi Invest Enters HK With Its Commission Free-Trading Through Acquisition of 8 Securities

SoFi, the digital personal finance company, announced today an expansion into its first international market, with the introduction of SoFi

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Research Paper Examines the Impact of China’s New Regulatory Regime for P2P Lenders

China, the undisputed fintech leader, has seen its online lending market grow rapidly since the late 2000s, fueled by the high

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Deliveroo Launches Deliveroo Links –A First-Of-Its-Kind Surplus Food Donation Campaign In Hong Kong

Deliveroo,  a Hong Kong’s food delivery company, announces the launch of ‘Deliveroo Links’. This is a first-of-its-kind surplus food donation

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Local Virtual Bank Neat, Scores US$3 M Funding Led by Linear Capital

Hong Kong-based challenger bank Neat, announced a US$3 million funding round led by China-based VC Linear Capital, an early stage

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Chinese Personal Finance Fintech Sponsors NBA China

X Financial and NBA China announced today a multi-year marketing partnership that makes the company an official marketing partner of NBA China.

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A Look at Line and Nomura’s Zero-Commission Online Brokerage in Japan

Line Securities Corporation, a joint venture between Asian financial services group Nomura Holdings and Line Financial Corporation, the financial services

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Crushed By China’s P2P Crackdowns, Lufax’s Global Strategy Is Now Robo-Advisors

Just in March, Lufax had big aspirations towards launching an IPO that they hoped would raise its valuation to USD60

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Hong Kong Gets Its First Equity Crowdfunding Platform, Well Kinda

Earlier this week, South Morning China Post reported that Hong Kong’s Securities and Futures Commission has issued its first equity

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How WeChat Pay Determines If You Are Trustworthy With Their Credit Score

WeChat Pay, Tencent’s mobile payments system integrated into the WeChat super-app, has told its users that it will be giving

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South Korea’s Rapidly Growing P2P Lending Industry Faces Scrutiny

With a mushrooming delinquency rate and investment fraud allegations, South Korea’s rapidly growing peer-to-peer (P2P) lending industry has come under

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