Posts From Fintech News Hong Kong
Hong Kong Based Neat Raises US$4M in Series A Extension
Neat, a Hong Kong-based fintech startup, announced that it has raised a US$4 million extension to their US$11 million Series A round which closed in April 2020. The company provides an online company incorporation package and fully-digital multi-currency wallet to
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BC Group Acquires Blockchain Portfolio Management Platform From Enuma Technologies
BC Technology Group, a digital asset and fintech company as well as the parent company of OSL, announced that it has acquired the core intellectual property assets of blockchain engineering firm Enuma Technologies, and on-boarded the Enuma team, including CEO
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Hong Kong’s Eight Virtual Banks: The Progress So Far
The Hong Kong Monetary Authority (HKMA) granted eight virtual banking licenses in the first half of 2019, and at the time, the regulator and the operators expected services to commence within the next six to nine months. Now more than
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Crypto.com Appoints Steven Kalifowitz as new Chief Marketing Officer
Hong Kong based Crypto.com announced that it has named Steven Kalifowitz as its Chief Marketing Officer. Kalifowitz was most recently the president of Localize.city, growing it from a seed-stage startup in 2017 to one of the most quoted brands in
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Wealthtech Firms Make Their Moves in Hong Kong
With shifting demographics, higher expectations and favorable regulations, wealthtech has become a rapidly growing industry around the world. In Hong Kong, the wealthtech industry is gathering more momentum this year with several notable developments being recorded since the beginning of
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Huawei Launches Digital Payment Cloud Solution
Huawei launched a new digital payment cloud solution designed to help digital payment service operators build super app centered payment ecosystems for digital financial inclusion in emerging markets. Huawei said that it had successfully tested the new system in Myanmar
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The Top 10 Female Founders: 50% are APAC Based
A recent research by the Businessfinancing.co.uk, a business finance news publisher, discovered that female startup founders are more likely to experience negative attitudes during funding pitches. This happens at a disproportionately larger scale compared to their male counterparts. This claim
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Hong Kong Fintech Hub Cyberport Becomes Hotbed for Insurtech Innovation
Widely known for its massive fintech community of close to 400 companies, digital tech park Cyberport is now rapidly emerging as a powerhouse for insurance innovation. More than 30 insurtech companies have chosen Cyberport as their home, including Hong Kong’s
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Livi Bank Joins the Virtual Banking Race in Hong Kong
Livi Bank announced the launch of its virtual banking services, making it the fourth virtual bank open to public in Hong Kong. Livi was among the eight entities that were awarded the virtual banking license by the Hong Kong Monetary
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WeLab Bank Amasses Over 10,000 Applications Less Than 10 Days After Their Launch
WeLab Bank, a homegrown virtual bank licensed by the Hong Kong Monetary Authority, has amassed a total of over 10,000 applications since launching to the public less than 10 days ago. The demographic of their customers ranged between 18 to
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