Archive
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 Series B1 funding round, bringing its total funds raised to over US$70 million. This Series B1 funding round includes participation
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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 for the second phase of its Fintech Proof-of-Concept Subsidy Scheme. The subsidy scheme which was commissioned by the Financial Services
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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. The company first established a presence in San Francisco in 2019, and has grown to a team of more than
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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 working on a prototype digital infrastructure Project Genesis to improve sustainable investing with tokenised green bond assets. As BIS Innovation
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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 during a series B+ funding round. The company’s earlier investors include ZhenFund, Horizons Ventures, TOM Group, Moody’s, and HSBC. The
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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 as Lega Serie A. The multi-year partnership integrates Crypto.com in each broadcast moment where technology enhances the match, as the
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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 trading in Japan. “Our partnership with MUFG will help millions of people in Japan access our platform quickly and begin
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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 custody service that is in compliance with the Bangko Sentral ng Pilipinas (BSP). The collaboration will start with Hex Trust
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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 allows users to get their monthly payroll up to 7 days in advance. ZA Bank said that the Salary FastPass seeks
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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 25. To help prevent the importation of COVID-19 infections and the Delta mutant strain, the government said it will further
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