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Asia/Pac Fintech News Roundup

·May. 7, 2020

Largest Fintech in South Korea Looks to Raise $200 Million

Viva Repulica runs the largest fintech startup in South Korea called Toss; the company is now looking to raise $200...

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Asia/Pac News Roundup Online Lending USA

·Apr. 18, 2017

Lend Academy Article: China Rapid Finance Will Be the Fifth Online Lender to IPO in the US

China Rapid Finance has filed for an IPO in the US; it will be the fifth online lender to trade on a public US exchange and the second Chinese online lender to list in the US; Lend Academy provides more details on China Rapid Finance and the IPO in their article; the firm is hoping to raise $100 million from the IPO; it is a peer-to-peer lender matching borrowers with investors and does not lend from its balance sheet; the platform targets underserved consumers and uses thousands of data points from alternative data sources including information on work history, payments, e-commerce, telco, search and social data for its credit underwriting. Source

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Asia/Pac Fintech News Roundup

·Aug. 18, 2017

Lend Academy Article: Five Key Takeaways from the Interview with the CEO of ZhongAn Insurance

At Lang Di Fintech (LendIt's Chinese event), Peter Renton, the founder of Lend Academy, conducted an interview with ZhongAn Insurance CEO Jeffrey Chen; they talked about how the biggest insurtech company uses big data and artificial intelligence to measure risk, the scale of ZhongAn's business, regulatory issues and the future of the company; the article provides five key takeaways from the interview. Source

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Asia/Pac Fintech News Roundup

·Aug. 16, 2017

Lend Academy Article: Hongling Capital: The Worst Victim of China’s P2P Lending Regulatory Crackdown

China's P2P platform Hongling Capital is shutting down; Lend Academy details its business highlights and subsequent shutdown in their article; continued losses, large loans and payment guarantees were a few of the factors that led to its closing; the article also highlights some of the issues with guaranteeing principal or interest and includes Hongling's plans for the future. Source

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Asia/Pac Fintech News Roundup Online Lending

·Mar. 1, 2017

Lend Academy Article: Just Released: Africa and Middle East Alternative Finance Report

In collaboration with Energy 4 Impact, UKAid and the CME Group Foundation, the Cambridge Center for Alternative Finance has released a study on crowdfunding and P2P lending in Africa and the Middle East; Lend Academy provides details of the report in their article; covers 46 countries in Africa and 12 countries in the Middle East, featuring data on 70 alternative platforms. Source

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Asia/Pac Fintech News Roundup

·Aug. 9, 2017

Lend Academy Article: Wu Jihan: The Mysterious Man Behind Bitcoin Blockchain Split

Bitcoin blockchain split on August 1, and rumors are that Bitmain CEO Wu Jihan is the man behind the split; Wu Jihan is an aggressive supporter for Bitcoin Unlimited, which believes that the size of these blocks should be increased; Wu Jihan's company, Bitmain, is the world's largest bitcoin mining hardware manufacturer; the company also runs the world's biggest mining pool, AntPool. Source

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Asia/Pac News Roundup Online Lending USA

·Mar. 17, 2017

Lend Academy Article: Yirendai Q4 2016 Earnings Review

Yirendai released its Q4 2016 earnings after the closing bell on March 15; the Chinese online lender issued a US initial public offering of its stock in December 2015; Lend Academy provides an analysis of the company's Q4 2016 results in their article; the firm has been growing online loan originations by over 100% per year since 2013; mobile has been a significant factor for the company with 98.8% of online volume generated through Yirendai's mobile application and 85% of investors using the mobile application for investment; as a well-established firm, Yirendai is also benefiting from China's P2P regulatory focus and a higher quality portfolio of borrowers and lenders; the firm is expanding its product lines and also offering a new platform as a service product, the Yirendai Enabling Platform; it expects a similar pace of growth in 2017 with minimum projected loan originations of RMB 33 billion ($4.753 billion) compared to RMB 20.28 billion ($2.9 billion) in 2016 and minimum revenue of RMB 4.4 billion ($634 million) compared to RMB 3.2 billion ($466.4 million) in 2016. Source

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Asia/Pac Fintech News Roundup

·Aug. 21, 2017

Lend Academy Podcast: Greg Gibb of Lufax

Lend Academy talks with Greg Gibb, CEO and co-chairman of Lufax; Greg Gibb talks about the founding of the business as a P2P platform, its relationship with Ping An and how it has evolved to become a broader provider of wealth management product offerings; the podcast interview also discusses Lufax's future plans for international expansion and a potential IPO. Source

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Asia/Pac Fintech News Roundup

·Aug. 7, 2017

Lend Academy Podcast: Jeffrey Chen of ZhongAn Insurance

Lend Academy talks with Jeffrey Chen, CEO of ZhongAn Insurance; firm has seen great success in insurtech in China, issuing billions of small dollar value insurance policies through the internet; Chen talks about the insurance products offered through the platform, how they have scaled the business, some of the innovative technologies they are using and their goals for the future. Source

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Asia/Pac News Roundup Online Lending

·Apr. 17, 2017

Lend Academy Podcast: Yihan Fang of Yirendai

Yirendai is an online lending business unit of CreditEase with stock traded on the New York Stock Exchange (NYSE: YRD); the firm is one of the most successful online lenders in China's online lending market; Lend Academy talks with the firm's CEO Yihan Fang in their podcast; Yihan Fang provides details on Yirendai's platform and gives her insight on China's online lending market. Source

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