Posts From Fintech News Hong Kong
WeLab Raises US$75 Million in Funding Round Led by Allianz
Hong Kong-based virtual bank WeLab announced that it has completed the initial close of Series C-1 funding led by Allianz X for US$ 75 million. Allianz X is the digital investment unit of the Germany-based Allianz Group, one of the
Read More
Payoneer vs Wise – Which International Payment Solution Is For You?
If you are selling internationally then you need a method of accepting and making payments that works and doesn’t cost the earth. There are so many difficulties in accepting cross-border payments that getting it right is super-important. Having an efficient
Read More
From Insurance Firm to Tech Ecosystem: Ping An’s Rise to Becoming a Tech Giant
China’s Ping An started out as a property and casualty insurance company but rapidly grew into becoming what we know today as one of the world’s biggest tech giants. A new case study published by the International Institute of Management
Read More
Airwallex Completes Acquisition of SVF Operator Unicard
Airwallex, a cross border payment company, announced that it has completed the acquisition of UniCard Solution Limited following the regulatory approvals from the Hong Kong Monetary Authority (HKMA) to become a shareholder controller. Airwallex said that through its wholly owned
Read More
Crypto.com Inks Deal With Aston Martin Formula 1 Team
Hong Kong-based cryptocurrency platform Crypto.com announced a global partnership with the Aston Martin Cognizant Formula One™ Team ahead of its 2021 Formula One car launch. Aston Martin Cognizant Formula One™ Team has signed a multi-year deal with the cryptocurrency platform
Read More
Virtual Bank Livi Partners With Mastercard to Unveil a New Virtual Debit Card
livi bank, one of Hong Kong’s eight virtual banks, and Mastercard collaborated to unveil a new virtual debit card. livi said that the virtual debit card expands livi’s product line with a goal to support customers’ everyday living anytime, anywhere,
Read More
APAC’s Fintech Investments Hit a Six-Year Low in 2020
KPMG report found that fintech companies in Asia Pacific attracted USD 11.6 billion across 565 deals from venture capital, private equity and M&A in 2020, compared to USD 16.8 billion in 2019, reaching a six-year low. The pandemic saw a
Read More
Cyberport’s HK$10 Million Fintech Subsidy Scheme Open for Applications
Hong Kong digital tech park Cyberport announced that the Fintech Proof-of-Concept Subsidy Scheme, commissioned by the Financial Services and the Treasury Bureau, is now open for applications with the Hong Kong government earmarking HK$10 million for the scheme. The scheme
Read More
HSBC Invests Over US$3.5 Billion to Grow Its Wealth Business in Asia
HSBC announced plans to invest over US$ 3.5 billion in the next five years to accelerate the growth of its Wealth and Personal Banking (WPB) business in Asia. These investments will focus on expanding HSBC’s wealth teams to increase distribution
Read More
Episode Six Announces Additional $30 Million in Funding
Episode Six, the global provider of modern payment processing and banking infrastructure, today announced that it has secured an additional $30 million of investment, bringing its total capital raised to $40 million. This additional funding comes nine months after the
Read More