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MEKAR, an online platform for funding Indonesian MSME loans, was recognised as the Best P2P Platform in Indonesia at the Global Wealth and Society Awards 2019.

News

News

Picture via Pymnts.com
As PayPal reaches saturation points in Western markets, it wants to continue to expand internationally, especially in India, where the country’s 450 million mobile users make it an attractive target for retailers. The Financial Times is reporting that PayPal launched a domestic business in India in 2017, which allows for local and global payments...
Credit: Didi
Ridesharing giant DiDi Chuxing will expand its presence in the Chinese financial and fintech sectors with the launch of its own private bank in the northern Chinese city of Tianjin, according to a report from Xinliu Caijing . First launched in 2012 in Beijing, DiDi has emerged as China’s leading ridesharing service following a merger with Kuaidi...
AGTB launches a digital trade mark via Tear Sheet
Anglo-Gulf Trade Bank is a collaborative venture between AGTB Holdings Limited, a Rowland family-controlled company, and Mubadala Investment Company. It’s headquartered in Abu Dhabi in the United Arab Emirates and facilitates trade between the Middle East, Asia, and the UK. AGTB partnered with Publicis Sapient and Microsoft to design a digital...
Four fintechs share £40m funding pot to boost small business finance in UK
Four fintechs have been awarded £40m between them to address the £10bn funding gap caused by the lack of small business finance in the UK. The £40m is part of a £775m programme funded by Royal Bank of Scotland as a condition of its bailout during the financial crisis.A total of £425m will be given in cash grants to rival business banks and...
Finance and Money Transaction Technology Concept. Icon Graphic interface showing fintech trade exchange, profit statistics analysis and market analyst service in modern computer application. GETTY
Fintech firms in Latin America are having a moment with the equity investing titans of the world, and debt investors are taking note. Venture capital heavyweights including Softbank, Andreessen Horowitz and Sequoia Capital have boosted their equity investments in the region over the past six to 12 months, according to multiple industry sources...
A farmer spreads chopped potatoes to dry at Fengjie County in China's Chongqing. Mobile banking has revolutionized the way farmers and small businesses operate.   © Getty Images
The mobile banking units of e-commerce giant Alibaba and internet conglomerate Tencent Holdings are changing the landscape of financial services in China, lending to more than 100 million people so far, including those in rural areas and microbusiness owners. Farmers and microbusinesses -- which employ no more than nine people -- that previously...
Member News: Standard Chartered launches a Shanghai-based innovation lab to tap China’s tech market
The «eXellerator» innovation lab in China alongside others in Singapore, Hong Kong, London, Kenya, and San Francisco are part of the bank’s SC Ventures unit, a research and development arm focused on innovation and fintech. «With the launch of the eXellerator, Standard Chartered aims to deepen its contribution and participation in China’s vibrant...
SMB Lending, Automation In B2B VC Focus
FinTech investments targeting B2B and corporate services, with particular concentration in SMB lending across India and Europe, totaled about $396 million in VC funding. News via Pymnts.
Corporate credit card for SMEs, startups launched
EnKash, a two year old card focused fintech startup, has announced the launch of Corporate Credit Card for SMEs/MSMEs and startup, called the Freedom card. The Freedom card would give the SME’s and startups the freedom to avail credit facility for immediate needs and to manage their financial liquidity. News via India Times
Image Credit: Lord Koxinga [CC BY-SA 3.0 (https://creativecommons.org/licenses/by-
Financial services giant Standard Chartered has successfully completed its first blockchain-based deep-tier supply chain financing transaction with China-based supply finance firm Linklogis . The financing was intended for upstream suppliers of Digital Guangdong, according to a press release . News via TokenPost.