A First for Asian FinTech: One of the Largest Ever Series B Rounds with Both Public and Private Investors

WeLab, operator of Wolaidai, one of China’s largest mobile lending platforms, and WeLend.hk, Hong Kong’s leading online lending platform, announced a US$160 million (RMB 1 billion) fundraising round from a “never-seen-before” combination of international and domestic Chinese investors (banks and government) led by Khazanah Nasional Berhad. Other investors include ING...

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Meet These 10+ Awe-inspiring InsuranceTech Startups

InsuranceTech has been another extremely hot topic lately. While there are certainly some challenges for those trying to disrupt the long-untouched sphere, there are also great opportunities. Insurance carriers and related activities contributed $421.4 billion, or 2.5% of the United States’ gross domestic product in 2013, according to the US...

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Authentication & Security

UK Govt Says Distributed Ledger Technology can be Radically Disruptive

UK Government's Science Office released a report” Distributed ledger technology: beyond block chain”, setting out how distributed ledger technology could transform the delivery of public services and boost productivity. The technology could be used as a more reliable way to deliver services compared to the current, centralized systems in place....

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Prudential & LeapFrog Put $350 M fund to Invest in African Insurance Cos

US insurer Prudential Financial, Inc.  and LeapFrog Investments announced the launch of a $350 million investment partnership to access high-growth markets in Africa. The partnership, to be managed by LeapFrog, will invest in life insurance companies in African countries, including Ghana, Kenya and Nigeria, over three-to-five years. Charles Lowrey, executive...

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Wirecard to Become Strategic Development Partner of Visa Europe Collab / Cooperation to Serve the FinTech Space

ASCHHEIM, Germany- [Press Release] -Wirecard Technologies GmbH, a subsidiary of the leading specialist for payment processing and financial technology Wirecard AG, has announced entering a partnership with Visa Europe Collab, an initiative from Visa Europe that operates Innovation Labs in Berlin, London and Tel Aviv. As a strategic development partner of...

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Envestnet | Yodlee Partners With QSuper to Deliver Award Winning Personal Finance Solutions to Members

REDWOOD CITY (Press Release) -- Envestnet | Yodlee (NYSE:ENV), a leading technology and applications platform powering dynamic, cloud-based innovation for digital financial services, announced that it has partnered with QSuper, a leading Australian Superannuation Fund, to deliver an award winning personal finance solution. By using the Envestnet | Yodlee Personal...

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Mosambee Announced That Ashish Agrawal, Chief Technology Officer at Micromax Joined Its Board of Directors as an Independent Board Member

Payments solutions firm Mosambee has announced that Ashish Agrawal, Chief Technology Officer at Micromax has joined its board of directors as an independent board member. Ashish holds a Bachelor’s Degree from IIT Delhi and a Master’s in Electrical Engineering from Columbia University, New York. He has over 16 years of experience...

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