When China’s Alibaba opened its wallet last year to invest over half a billion dollars in Paytm, the world of financial technology took notice. However, beyond Paytm, there is a bunch of start-ups engaged in various aspects of fintech, a sector that has seen a funding slowdown this year. Here is …
Tag: financial technology
SMEs hit hard by the trade finance gap globally
A recent report by Asian Development Bank (ADB) Brief said that Small and Medium Enterprises (SMEs) face the greatest obstacles in accessing affordable trade financing. Globally, 57% of trade finance requests by SMEs are rejected, against just 10% for multinational companies. High rejection rates…
Unbanked population to spur growth of fintech firms in Asia-Pacific| Fitch Ratings
Large unbanked population in countries such as India, and the emergence of tech-savvy middle classes in countries such as China, Indonesia and the Philippines, will offer significant growth opportunities for financial technology (fintech) companies, according to Fitch Ratings. Observing that tech…
Chinese investors looking for Indian startups
Chinese investors and technology entrepreneurs are looking to invest in start-ups specialising in areas such as mobile gaming, education, healthcare, financial technology and Internet of Things (IoT) in India. This month, a delegation of investors from nine Chinese venture capital firms visited B…