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The new capital will fuel Brinc’s global platform expansion across new locations and verticals – allowing more investors and corporate partners to leverage funds, accelerators and bespoke-deal sourcing to access high-quality investment opportunities and emerging technologies in food, health, energ
Read more: https://prn.to/3yGeRWk
The organisers of the Web Summit have postponed a sister event it was due to run in Hong Kong early next year due to the Covid crisis. The annual Rise conference was due to return to Hong Kong as an in-person event in March 2022 after the event was cancelled last year.
Read more: https://bit.ly/3sp0Rzj
China is planning to ban companies from going public on foreign stock markets through variable interest entities, according to people familiar with the matter, closing a loophole long used by the country’s technology industry to raise capital from overseas investors.
Read more: https://bloom.bg/3orl4lv
The South Korean capital faces obstacles to attracting overseas firms including unfavorable tax rates and regulations. Seoul, South Korea – When Alex Short was offered rent-free office space to locate his fintech startup in Seoul’s financial district, he jumped at the opportunity.
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Based in Hong Kong, Finverse’s ambitious goal is to enable an open bank across the Asia-Pacific region. The startup recently emerged from stealth mode with $ 1.8 million in seed funding and is now present in four markets (Hong Kong, Philippines, Singapore and Vietnam) with links to 30 banks.
Read more: https://bit.ly/3bmk1vL
Hong Kong, October 26, 2021 – MioTech announced today that it has secured investments from J.P. Morgan Asset Management and HSBC Asset Management’s Financial Technology Venture Capital Fund. This is an extension to its latest series B+ funding round led by Guotai Junan International and GIC.
Read more: https://bit.ly/3bm7AQt
XanPool, a payment infrastructure provider that facilitates faster crypto and fiat settlements, announced today it has raised a $27 million Series A led by Valar Ventures.
Read more: https://tcrn.ch/30FEE3V
Synchrony, an on-chain asset management protocol built on the Solana blockchain, has raised $4.2 million in strategic funding to further the development of its decentralized finance (DeFi) configurable indices.
Read more: https://bit.ly/3nhTrts
Bowtie Life Insurance, Hong Kong’s first virtual insurer, said it raised US$22.6 million in its second funding round from a group of investors led by Mitsui & Co., getting both the financial backing and strategic advice of one of Japan’s largest conglomerates to steer its growth.
Read more: https://bit.ly/3G4Gvje
HONG KONG, /PRNewswire/ — Avo Insurance Company Limited (Avo), Hong Kong’s first virtual general insurance company, has announced its additional round of capital injection of HKD260 million today.
Read more: https://bit.ly/3C5jPgc
Communications and messaging platform provider LeapXpert has successfully closed its Series A funding round, raising a total of US$14.1 million to date.
Read more: https://bit.ly/2Z4rQUr
Pickupp will add at least ten new satellite warehouses across heartland areas in the city-state within the next six months
Read more: https://bit.ly/3paJ0KH
Qxpress, a cross-border logistics company headquartered in Singapore, has fully acquired KorChina Logistics, a Hong Kong-based international freight forwarding and third-party logistics firm. The deal size was not disclosed.
Read more: https://bit.ly/3iE72tr
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Online brokerage firm iFast – Singapore’s best-performing stock over the past year – hit a record high today, pushing the market cap of the company to about S$2.8 billion (US$2.07 billion) during trading hours. The company’s stock jumped by 7.5% in the past week to reach S$10.1 (US$7.
Read more: https://bit.ly/3znkiZ2
Hongkong Land Holdings Ltd., the biggest landlord in the heart of the Asian financial hub, signed a lease with a crypto asset firm for the first time as the century-old company moves to embrace the emerging sector.
Read more: https://bloom.bg/2Z3htje
CRIF, gruppo bolognese tra i principali operatori internazionali della business e credit information, soluzioni digitali avanzate per lo sviluppo del business e l’open banking, ha annunciato la sigla di una partnership commerciale con Know Your Customer (KYC), scaleup con sede a Hong Kong e uffici
Read more: https://bit.ly/2ZdCKXF
SAN FRANCISCO, September 2, 2021 /CSRwire/ – The Working Capital Innovation Fund (WCIF) announced today a $500,000 investment in Honest Jobs Holdings Ltd, a Hong-Kong based responsible recruitment holding company.
Read more: https://bit.ly/3Cw4ghv