Tag "welab"
5 Fastest Growing Fintechs in Hong Kong According to IDC
IDC Financial Insights today released the 2020 update of its FinTech Fast 101 research which details a list of fast-growing FinTechs in Asia/Pacific excluding Japan (APEJ) from 11 key markets. IDC’s FinTech Fast 101 research refers to fast-growing fintech players
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WeLab Raises US$ 156 Million — Gearing up To Launch WeLab Bank by 2020
WeLab, one of the 8 companies granted license from the HKMA to operate a virtual bank announced today that it has raised US$ 156 million ( HK$ 1.2 billion) of Series C strategic financing, which makes it one of the
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Livi VB’s New Trump Card is a CEO With Experience in China’s First Virtual Bank
Due to the worryingly slow development of digital banking in Hong Kong, regulator Hong Kong Monetary Authority (HKMA) granted virtual banking license it to a total of 8 virtual banks. Since then, these companies have been locked in an intense battle for talent as they
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Meet Hong Kong’s 8 New Virtual Banks
UPDATE: Four of Hong Kong virtual banks have since launched, check out our latest article to find out the progress on Hong Kong’s virtual banking scene Hong Kong Monetary Authority (HKMA) has announced a grand total of eight virtual banking
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Li Ka-Shing Backed WeLab is the First Homegrown Fintech Granted Virtual Banking License
WeLab has been granted a virtual banking license by the Hong Kong Monetary Authority (“HKMA”), becoming the first homegrown Hong Kong fintech company to establish a virtual bank. This brings the total number of approved virtual banking players in Hong
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7 Fintech Startups to Watch 2019 in Hong Kong
Hong Kong is investing heavily to become Asia’s top fintech hub. Among the key policies put in place this year to help it achieve its ambitions is a HK$500 million fund to develop financial services over the next half-decade, including
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Virtual Banks to Shake up Hong Kong Banking Landscape
Hong Kong is gearing up for the arrival of virtual banks, or financial institutions without physical branches. The Hong Kong Monetary Authority (HKMA) is set to issue the first batch of virtual bank licenses as early as this year. The
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Top 8 Funded Fintechs in Hong Kong
Investment in Hong Kong fintech firms more than doubled in 2017 compared to the previous year, jumping to US$545.7 million, according to an Accenture analysis of data from CB Insights. Since 2010, Hong Kong fintechs have raised a whooping US$940
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10 Most Well-Funded Fintech Companies in China
China is undeniably the world’s fintech leader, hosting some of the largest and most popular ventures in the field. More than US$20 billion has been invested in Chinese fintech companies since 2014 with funding topping US$1 billion in Q1 2018
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Peer-To-Peer Lending and Digital Lending Players In Hong Kong
Despite being a global financial center with a thriving fintech sector, Hong Kong has lagged behind in the crowdfunding and peer-to-peer lending space. Experts and industry observers have argued that the lack of clear guidance and regulatory framework has hampered
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