Tag: China
UangTeman pulls in funding to process more micro-loans
Indonesian micro-lending firm UangTeman has raised an undisclosed pre-series A round in equity funding.
Chinese credit card app grabs $310m at $1bn valuation
Credit card management app U51.com is the latest Chinese FinTech startups to land a $1bn-plus valuation as the company announces its $310m Series C round.
Chinese lenders still popular as FirstP2P nabs $70m
Peer-to-peer lender FirstP2P has raised $70m in its Series C round of funding from CCB International and San Shan Capital Partners.
Shanghai launches new blockchain alliance
There’s a new blockchain consortium in town with the announcement of the Shanghai Industrial Development Blockchain Alliance.
Chinese authorities raid peer-to-peer lender’s offices
The Chinese authorities are cracking down on suspicious peer-to-peer (P2P) lending platforms with raids on the offices of two businesses connected with Shanghai Kuailu Investment Group.
Ant Financial ups its biometrics game with $70m EyeVerify buy
Alibaba’s FinTech subsidiary Ant Financial is boosting its biometric capabilities through the acquisition of Kansas City-based EyeVerify.
AliPay and WeChat granted Hong Kong digital wallet licenses
Two of China’s biggest mobile payments players AliPay and WeChat, have won approval to operate digital wallets in Hong Kong. It’s seen as a major step towards international expansion.
Momfo takes $14m for property financing platform
Momfo, a Shanghai-based property financing platform has raised ¥95m ($14m) in a Series A round of funding led by Gobi Partners and Kaitai Capital.
Chinese regulators crack down on peer-to-peer lending
Chinese authorities are cracking down on the nation’s booming peer-to-peer lending space with new regulations.
Touzhijia.com pulls in $12m for peer-to-peer lending
Touzhijia.com, a Chinese peer-to-peer lending platform, has raised $12m in a Series A round from US VC-firm CDF Capital.
