by Nehad Kenanie | Mar 8, 2017 | Australia, FinTech, Foreign Exchange, Global, Investment, Uncategorised
(8 March 2017 – Global) NAB Ventures has led a $US24 million ($31.6 million) funding round by foreign exchange (FX) payments group Veem, in a deal the bank believes will assist it in increasing its market share in international money transfers made by small business....
by Nehad Kenanie | Mar 1, 2017 | Asia, China, Foreign Exchange, Investment, Regulatory & Government, Uncategorised
(28 February 2017 – Hong Kong) China has announced that it will ease rules on offshore institutional investors hedging currency risks in the domestic forex market. The move aims to address a major hurdle that has deterred foreign investors from buying...
by Nehad Kenanie | Feb 24, 2017 | Australia, Investment, Regulatory & Government, Uncategorised
(24 February 2017 – Australia) The Queensland Treasury Corporation (QTC) has commissioned Bank of America Merrill Lynch, ANZ and National Australia Bank to execute its first ever green bond issuance.Treasurer and Minister for Trade and Investment, Curtis Pitt,...
by Nehad Kenanie | Feb 23, 2017 | Australia, Internet Banking, Investment, Lending, Uncategorised
(23 February 2017 – Australia) Online fintech lender, Prospa has raised A$25 million of new equity to support growth it has revealed.The capital raising was led by venture capitalist firm AirTree Ventures, and values the company at A$235 million. The deal is the...
by Nehad Kenanie | Feb 21, 2017 | Asia, Business Development & Expansion, Investment, Payments, South Korea, Uncategorised
(21 February 2017 – Asia) Alibaba’s finance arm, Ant Financial has revealed yet another deal. The firm will invest US$200 million (A$260 billion) into a fintech project belonging to Kakao, Korea’s dominant messaging service. As...
