October 6, 2017

"As a growing fintech center on the global stage, Hong Kong is uniquely suited to bring the biggest players from Asia and the West together," says NexChange CEO and Founder Juwan Lee. NexChange is the Program Partner for October 23-24 at Hong Kong Fintech Week, hosted by InvestHK. "Top notch speakers from around the world will tackle tough topics and showcase best practice in the new fintech economy."...

July 21, 2017

The First Eastern Investment Group, a Hong Kong-based private equity and venture capital heavy, is reportedly mulling a big push into Hong Kong and Chinese fintech, according to the SCMP.


The group’s CEO, Victor Chu, said that he expects his firm to invest in at least 10 Hong Kong and mainland fintech companies within the year. Why? Traditionally, the firm would search for new technologies to invest in overseas, but with China...

July 21, 2017

Hong Kong’s banks are still a little behind when it comes to FinTech adoption, but it’s insurers? They’re a little different.

According to the SCMP, insurers throughout Hong Kong have either embraced fintech, or are slated to embrace fintech in a big way over the next few years.

Allianz for instance has been using big data to help with its product design, claims handling, and policy pricing. By eschewing old-school, statistics-b...

July 21, 2017

Stripe, one of the world’s largest FinTech unicorns, has finally landed in Hong Kong, and apparently, it did so in a big way.

In a blog post on their website, Stripe announced that not only have they officially launched in Hong Kong, they’ve also teamed up with China’s most dominant players in the payments industry: Alibaba’s Alipay and Tencent’s WeChat Pay.

As we’ve previously reported, these two companies practically command C...

July 21, 2017

Andrew Work speaks to Sam Allen, CEO of CompareAsiaGroup, at Rise Hong Kong 2017. CompareAsiaGroup received a 50 million USD funding from big companies which included Goldman Sachs and Alibaba. They operate the leading online comparison platforms for financial, telco and utility products across Asia, aiming to become the No.1 trusted source of information on personal finance and saving money in Asia.

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NEXCHANGE:

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July 21, 2017

 

Finally, a big fintech funding round in Hong Kong. The SCMP reports that MoneyHero, a Hong Kong-based financial aggregator, has completed a $50 million Series B round led by the World Bank’s International Finance Corporation. The Alibaba Entrepreneurs Fund also participated in the round, and so did existing investors such as Goldman Sachs.

MoneyHero was launched back in 2012 to help users compare various financial and insuran...

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