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Curve, the London-based “over-the-top banking platform,” has raised $55 million in new funding. The startup lets you consolidate all of your bank cards into a single Curve card and app to make it easier to manage your spending and access other benefits.
Read more: https://tcrn.ch/2LTLbyx
A total of HK$13.339 billion worth of invoices were paid late to small businesses in Hong Kong in 2018, according to the global small business platform, Xero. Xero’s data also found that last year: – Only slightly more than half (56.
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Hong Kong-based insurance tech startup OneDegree said it has extended the second tranche of its series A and has now raised more than US$30 million. Fintech-focused BitRock Capital, which is backed by warehouse operator GLP, was the lead investor in the A2 round, according to a company statement.
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Alibaba Group’s affiliate online payment service company Ant Financial has secured a virtual bank license from Hong Kong authorities, according to a statement.
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OneDegree, a Hong Kong-based insurance technology start-up under Cyberport Incubation Programme, extends its Series A round to above US$30 million, subject to regulator’s approval.
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The White Paper explains how the FinTech evolution is characterised by a fusion of finance and technology and has become an engine of growth for global financial markets and economies.
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Facebook’s long-rumored stablecoin will be at the center of a brand new payments network, according to a report in The Wall Street Journal. Project Libra, as the blockchain initiative is called internally, will reportedly involve a stablecoin backed by government currency.
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WHub’s FinTech Whitepaper presents the key findings and facts as well as a comprehensive analysis of the contributing factors in the ecosystem that have solidified Hong Kong’s position as a leading global Financial Hub and its evolution into a competitive FinTech Hub.
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South Korean crypto exchange Bithumb has had around $13 million in the EOS cryptocurrency stolen in a hack it suspects was an insider job.
Read more: http://bit.ly/2Oz1z6U