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GeneQuantum Closes RMB40 Million Series A Financing

28 Mar GeneQuantum

GeneQuantum Healthcare (Suzhou) Co., Ltd., a high-tech company focused on the research and development of innovative Bio-therapeutics, announced the completion of a RMB40 million (equal to approximately $5.8 million) Series A financing. The lead investor is Oriza Seed Venture Capital (“Oriza Seed”), joined by TF Capital. (more…)

Facebook Reports Fourth Quarter and Full Year 2016 Results

2 Feb facebook-new-tp-featured-e1446750787478-600x300

Facebook, Inc. today reported financial results for the fourth quarter and full year ended December 31, 2016.

“Our mission to connect the world is more important now than ever,” said Mark Zuckerberg, Facebook founder and CEO. “Our business did well in 2016, but we have a lot of work ahead to help bring people together.”

(more…)

MAS Keen on Making Singapore an API Economy

18 Nov mas

By Kajal Joshi, The Tech Portal

Monetary Authority of Singapore (MAS) along with Association of Banks in Singapore (ABS) is organizing a week-long “Singapore Fintech Festival” which commenced on November 14. (more…)

SBI to Replace Students’ Debit Cards First after Reports of India’s Biggest Digital Banking Fraud

25 Oct debit-cards-990x557

By Jeet Suthar, The Tech Portal

In a move to sort out the security breach that has reportedly affected 3.2 million debit cards which are at a risk of fraud, State Bank of India (SBI) has announced that it will first replace the debit cards of students’ account holders. (more…)

Western Digital Announces Successful Repricing of €885 Million of Euro Term B Loans

23 Sep Western-Digital_leiphone1023-624x370

Western Digital Corporation today announced that it has successfully repriced €885 million of new Euro-denominated term B loans at an interest rate of Euribor + 3.25%, which priced 200 basis points lower than its previous Euro-denominated term B loans borrowed earlier this year in connection with the company’s acquisition of SanDisk Corporation. (more…)

Zebpay, a Fledging Indian Bitcoin Exchange Startup, Crosses 100,000 Total App Downloads

31 Aug bitcoin-tp-featured-768x384

By Anmol Sachdeva, The Tech Portal

Though the virtual cryptocurrency, Bitcoin, is yet to receive direct support and acceptance from financial regulators, there is one Indian startup that is nurturing and growing the use of same among the populous. Zebpay, an Ahmedabad-based Bitcoin exchange startup has today announced that it has crossed 100,000 app downloads, including both Android and iOS. (more…)

China Leads Global Fintech Investments, Accenture Finds

25 Aug RMB_Flickr_MDJ0514_640x425-624x414

Investments in Asia-Pacific financial technology (fintech) ventures, primarily in China, reached $9.62 billion as of July 31, more than twice the $4.26 billion invested in the region in all of 2015, (more…)

Citi Supports Mtel in Launch of CreditCheck App in Hong Kong

24 Aug Citi_Logo

Citi Hong Kong today announced that the recipient of Citi Mobile Challenge Asia Pacific “Best Money Manager Solution” award, Mtel, has taken its winning concept to market with the launch of the CreditCheck app in Hong Kong. (more…)

PayPal Launches Innovation Lab in Singapore to Develop Financial Technologies Sector

22 Aug Paypal-logo-20141

By Kajal Joshi, The Tech Portal

Digital payment platform PayPal has partnered with government agencies to launch an Innovation Lab in Singapore with the aim of developing the financial technologies sector. (more…)

Baidu Buys Into U.S. Fintech Startup ZestFinance

21 Jul baidu-624x416

Baidu, China’s leading search engine, has jumped onto the global bandwagon of Fintech, announcing on July 18 investment in U.S. Fintech startup ZestFinance. (more…)