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
Read MoreConsenSys 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
Read MoreHK 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,
Read MoreAirwallex 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
Read MoreWeLab 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 MoreEpisode 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 MoreInsurtech 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
Read MoreTop 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
Read MoreRobo-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
Read MoreAirwallex’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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