IDC Financial Insights today released the 2020 update of its FinTech Fast 101 research which details a list of fast-growing FinTechs in Asia/Pacific excluding Japan (APEJ) from 11 key markets.
IDC’s FinTech Fast 101 research refers to fast-growing fintech players based on extensive on-ground analysis of fintech players from China, India, Indonesia, Singapore, Hong Kong, Thailand, Malaysia, the Philippines, Vietnam, South Korea, and Australia.
5 Fast Growing FinTechs in Hong Kong
AIRWALLEX
Airwallex is a fintech company redefining payments globally. In the span of three years, Airwallex has secured over US$102 million in external funding, supported by top-tier investors including tech giant Tencent, Sequoia Capital China and MasterCard.
Airwallex uses advanced technology to enable low-cost, high-speed and transparent international payments encompassing the entire cross-border payment value chain, from global collection to foreign exchange and international payments.
COMPAREASIA GROUP
CompareAsiaGroup is Asia’s leading and fastest growing financial comparison platform, with a presence in Hong Kong, Indonesia, Malaysia, Philippines, Singapore, Taiwan, Thailand and Vietnam. CompareAsiaGroup offers a comprehensive overview across various financial products, and is a one-stop solution for peoples price comparison needs in Asia. The company works with over 60 partners in the region, including Allianz, American Express, ANZ, Axa, DBS, HSBC, Generali, MayBank and Citi Bank.
PRIVE TECHNOLOGIES
Prive Technologies is a software solution company. It provides an online platform for wealth management, asset allocation, and product structuring tools to advisors, wealth managers, and other clients.
QUANTIFEED
Quantifeed is leading provider of digital wealth management solutions to financial institutions in Asia. Quantifeed’s automated investment platform allows banks, brokers and wealth planners to offer their customers a digital investing experience under their own brand.
WELAB
WeLab is a fintech startup operating a number of online lending platforms including Wolaidai, one of China’s leading mobile leading platforms, and WeLend, Hong Kong’s leading online lending platform.
WeLab is among the 8 entities granted a virtual banking license in Hong Kong, among the list WeLab is the only homegrown standalone startup.
Note: The list is arranged alphabetically. Source: IDC, 2020
