News > FinTech

Addepar Raises $140M Amid Relatively Quiet Year for Fintech Funding
FinTech
Addepar, a B2B fintech company that offers a data-driven operating system for wealth advisors and other financial professionals, has raised $140 million in a VC round led by Valor Equity Partners, 8VC and Harry McPike. Valor Equity Partners is an existing backer, and 8VC, the venture firm led by Addepar co-founder Joe Lonsdale, previously invested in the company through its
Video: Why 10Life Is Hong Kong's Most Downloaded Insurtech App
FinTech, Video
Andrew Work speaks to Dennis Lun, CEO and Co-Founder of 10Life, at the Jumpstarter Competition sponsored by Alibaba Enterprise Ventures, Cyberport and HKSTP. 10Life brings simplicity and transparency to the complicated world of insurance for its users, leading it to become Hong Kong's most downloaded insurance related App. Transcript: NEXCHANGE: Hi, I'm Andrew Work with NexChange and we are here
European Banks Driving Bitcoin Boom as Brace Against Future Ransomware Attacks
FinTech
European banks are stockpiling bitcoin as a hedge against ransomware attack, driving the virtual currency up 200 percent this year, The Street’s Jim Cramer said, quoting a panel talk with the CEO of Citrix Systems, Inc. (NASDAQ: CTXS). “Bitcoin is what the bad guys demand you pay if you have a cybersecurity breach,” Cramer said. “The European banks...European companies are
China's CreditEase Wealth Expands in Singapore
FinTech
Nearly three years after it initially landed in Singapore, China’s robo, lending, blockchain, and payments juggernaut CreditEase has expanded its territory in The Lion City. According to a press release, CreditEase Wealth Management has set up a new office at the Asia Square Tower. The opening featured several guests including representatives from strategic partners Blackstone, KKR, and Tishman Speyers as
Bitcoin Rival Ethereum Catches Putin’s Eye  
FinTech
Ethereum, currently second only to bitcoin in percentage share of the cryptocurrency market, has piqued the interest of Vladimir Putin as a possible tool to boost Russia’s economy, reports Bloomberg. In an attempt to diversify Russia’s economy beyond fossil fuels after the collapse of oil, Putin met with Ethereum founder Vitalik Buterin during the St. Petersburg Economic Forum. A statement
World's Largest Fintech Hub to 'Promote Innovation in Financial Services' With Nordic Fintech Network
FinTech
Elsewhere in fintech news, Singapore’s Lattice80, the world’s largest fintech hub, has signed a pact with Nordic Finance Innovation to foster fintech innovation in their respective markets. Here’s Deal Street Asia: LATTICE80, the world’s largest fintech hub wholly owned and operated by private investment firm Marvelstone Group, has signed a memorandum of understanding (MOU) with Nordic Finance Innovation (NFI) to
How Are China's Legacy Industries Embracing New Technologies?
FinTech
Are China’s traditional industries embracing new technologies? That’s the question the Economist Intelligence Unit asked and in an effort to answer it, they surveyed over 350 companies across China on their “attitudes, plans, and strategies toward adopting technology solutions” for their products or services. Here are some of their findings: Over two-thirds of companies say they have a clear vision
Video: Koios Fintech Founder Cynthia Zhu on Koios and What Makes It Special
FinTech, Video
NexChange’s Andrew Work chats with Cynthia Zhu, founder and CEO of Koios Fintech, to find out what makes the company unique among its peers. Check it out. Transcript: NEXCHANGE: Hi, I'm Andrew Work from NexChange. We're down at the Jumpstarter competition sponsored by Alibaba, Cyberport and Science and Tech Park in Hong Kong. There's a million US dollars on offer
Robo-Advice for the Little Guys
FinTech
Always thought that robo-advice was for those with deep pockets? Wrong. The Financial Times: HSBC is to start offering online investment advice for thousands of UK customers with small savings pots, as high street banks re-enter the market following a string of mis-selling scandals and a regulatory clampdown. The bank is preparing to burst into “robo-advice” with a personalised service
Report: Bitcoin's Days as the World's Biggest Digital Currency May Be Numbered
FinTech
The world's second-largest digital currency could surpass bitcoin in the top spot by the end of next year, Bloomberg reports. Ether, which is linked to the ethereum blockchain, is "piquing the interest of industries from finance to health care because its blockchain does far more than let bitcoin users send value from one person to another," according to Bloomberg, which could push its