Funding
Insurtech Ignatica Closes $7 Million Pre-Series A Round
Ignatica, an insurance policy administration platform that offers digital self-service and intelligent automation solutions for insurers, announced that it has closed US$ 7 million in pre-series A funding round. The fund raise was led by Lingfeng Capital, with participation from the
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ConsenSys Raises US$ 65 Million from JP Morgan, Mastercard, and UBS
Global blockchain software company ConsenSys announced the final close of its US$65 million funding round from the likes of J.P. Morgan, Mastercard, and UBS. Other investors include Protocol Labs, the Maker Foundation, Fenbushi, The LAO, Alameda Research, CMT Digital, Greater
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HK Based Digital Asset Custodian Hex Trust Snags US$6 Million in Funding
Hong Kong-based digital asset custody service provider Hex Trust announced that it has closed its Series A funding round with US$6 million led by QBN Capital. Investors also joining the round include Cell Rising, Radiant Tech Ventures, Kenetic Capital, HashKey,
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Airwallex Now Valued at Over US$2 Billion with Latest US$ 100 Million Funding Round
Continuing the momentum of its hypergrowth in 2020, Airwallex today announced that the company’s valuation has increased to US$2.6 billion with a capital raising of US$100 million in a further Series D extension. Lifting Airwallex’s Series D funding to US$300
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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
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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
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Insurtech Startup Coherent Secures US$14 Million in Series A Funding Round
Coherent, provider of digital platforms to insurers, raised US$ 14 million in a Series A funding round led by global VC fund Cathay Innovation, with participation from Franklin Templeton. Founded in Hong Kong, Coherent provides digital platforms and data intelligence
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Top 8 Most Well-Funded Fintech Startups in Hong Kong 2020
Hong Kong is amongst the world’s top ten fintech hubs, and home to at least eight unicorns including cross-border payment services provider Airwallex, digital wallet operator TNG Fintech, and online lending platform and virtual bank operator WeLab. Over the past
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Robo-Advisor AQUMON Bags US$30 Million in Fundraising Round
Robo-advisor AQUMON, developed by Magnum Research, announced that it has closed its Series Pre-B round of funding with a total investment of US$ 30 million (HKD 233 million). AQUMON will use the funding to strengthen its brand awareness in the
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Airwallex’s Closes US$ 200 Million Fundraising Round for Global Expansion
Airwallex, a cross border payment company, announced that the company has closed its extended Series D fundraising with an additional US$40 million from new and existing investors. This builds on the Hong Kong-based fintech unicorn’s US$160 milion Series D round
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