DC Financial Insights today unveiled a list of 10 fast growing fintechs in Hong Kong as part of the broader FinTech 101 list for Asia/Pacific.
“IDC’s FinTech Fast 101” refers to the fast-growing fintech players in Asia/Pacific based on extensive on-ground analysis of the dominant fintech players within the region.
Interesting is that all the Fintechs on this list were listed since long time on our Top 20 Fintech Hong Kong List.
10 Fast Growing Fintechs in Hong Kong
8 Securities
We’re blowing the world of investing wide open…and everyone is invited. We believe everyone deserves the same access to world-class investing as the big guys. Whether you are new to investing and need a little help or you are an experienced trader, we have the solution for you. Our mission is to use technology to make growing your money simpler, smarter and more affordable. 8 Limited has licensed offices in Hong Kong and Tokyo. We serve customers from around the world who entrust us with over USD 600,000,000. Our services are available in English, Chinese and Japanese.
Aidyia
Aidyia Limited was founded in Hong Kong in October 2011 as the wholly owned advisor to Aidyia Holdings Limited, a Cayman Island company. The company was licensed by the SFC in Hong Kong as an asset manager in December 2012. Aidyia Holdings Limited was founded by a small team of computer scientists and financial market veterans to deploy advanced artificial intelligence technology to identify patterns and predict price movements in financial markets.
AMP Credit Technologies
AMP Credit Technologies is a venture-backed, growth-stage, financial technology company focused on the burgeoning “alternative finance” space. AMP’s patented loan origination and automated portfolio management processes and technologies allow for the fast, efficient, and profitable provision of short-term, unsecured loans to traditionally underserved micro, small and medium-sized enterprises (MSMEs). During 2014, AMP was recognised by SWIFT as a ‘growth-stage innovator’, selected by Accenture to participate in the FinTech Innovation Lab Asia-Pacific, and secured US$5mm in a Series A round of institutional financing.
Bitspark
Bitspark provides the world first cash in cash out remittance platform for individuals and Money Transfer Operators to send money to emerging markets cheaper, quicker and to more destinations than ever before leveraging Bitcoin as the means of transmission with zero prior Bitcoin knowledge.
CompareAsiaGroup
CompareAsiaGroup is the leading online comparison platform for banking and insurance products in the Asia Pacific region. The Group helps people across Asia save money and make better choices about personal finance with comprehensive, free and independent online comparison tools for insurance, credit cards, personal loans and other financial products. In addition, financial institutions are able to lower customer acquisition costs and efficiently reach consumers through the internet. The Group was founded in 2014 in Hong Kong and currently employs over 200 financial experts and technologists. It has a presence in Singapore, Hong Kong, Taiwan, Indonesia, Malaysia, the Philippines and Thailand.
Prive Financial
Prive Financial Limited is an innovative financial technology start-up located in Hong Kong. Prive Financial provides a online platform (www.privemanagers.com) that provides a comprehensive set of wealth management, asset allocation, and product structuring tools. The platform integrates these three core functions by being able to automatically generate and execute securities across global markets on multiple asset classes.
Quantifeed
Quantifeed was founded in Hong Kong by two former investment banking executives, Alex Ypsilanti (CEO) and Ross Milward (CTO), in 2013. Our management team comprises of the two founders, John Robson (CCO), and Audrey Wong (CFO & COO). Each has over 15 years of experience in equities and equity derivatives at top-tier global investment banks. Our engineering team is made up of accomplished technologists and strategists with backgrounds in computer science and quantitative finance, including CFA and PhD level qualifications. We have significant experience from previous roles developing and managing strategies linked to investment products with over US$20bn in assets under management.
TNG
TNG Wallet is a leading e-wallet service in Hong Kong serving merchants and end-users. The mobile app enables users to make peer-to-peer payments, bank transfers, pay for utility bills, top-up their mobile phones, and make global money transfers. The cross-border payment feature lets users transfer money from their TNG Wallet app to over 800 banks across 12 countries. There is no transaction fee for users and the company guarantees “very favorable rates.” Verified users can withdrawal cash immediately at more than 190,000 cash pickup points. TNG Wallet claims it serves around 5% of Hong Kong’s population.
WeConvene
WeConvene was launched in 2012 by former investment professionals and IT experts who noticed the time wasted in organising Corporate Access and Analyst Marketing events. So we came up with the perfect automated solution. Our team has deep domain expertise in finance and corporate access combined with a passion for creating intelligent, easy to use and intuitive web based applications. Our technology is designed to scale and meet the needs of both regional and global clientele.
WeLab
Founded in 2013 in Hong Kong, WeLab is reinventing traditional financial services by creating seamless mobile lending experiences. With its proprietary risk management technology, WeLab effectively analyzes unstructured mobile big data within seconds to make credit decisions for individual borrowers. WeLab operates Wolaidai (我来贷), one of China’s largest mobile lending platforms, and WeLend, Hong Kong’s leading online lending platform. The company also partners with traditional financial institutions which utilize WeLab’s technology to offer fintech-enabled solutions to their customers.
Note: List is arranged alphabetically. Source: IDC, 2017
Featured image via Pixabay
