Check out Hong Kong's top fintech deals from 2015-2019

Online brokerage firm Futu Holdings raised $145.5m, the largest deal since 2015.

Hong Kong’s ten biggest fintech deals from 2015-2019 collectively raised $743.5m, with three of those transactions coming from institutional investment & trading company and two from a payments & remittances company, reports Fintech Global.

Chinese online brokerage company Futu Holdings raised $145.5m in a private equity round led by Tencent Holdings in June 2017, the largest deal in Hong Kong since 2015. The company used the funding to do further R&D, develop its products, and strengthen their cooperation with NASDAQ and the Hong Kong Stock Exchange.

Futu Holdings has experienced internal growth for the last few years, increasing its revenue from $22.9m in 2018 to $74.6m in 2019 and growing its workforce to 561 employees.

Meanwhile, cross-border payments firm Airwallex, raised $100m in a series C round led by DST Global in March 2019. The company’s valuation reached over $1b due to this funding round and, joined the unicorn club, all within three years of launching.

Airwallex has indicated that it plans to continue its expansion globally, which means expanding in the US and UK, noted Fintech Global.

Other companies that made the list include insurtech firm CompareAsiaGroup, blockchain & cryptocurrency company BNKToTheFurture, Marketplace Lending firm Oriente, and wealthtech company TNG FinTech Group.

Also Read

Alipay+ and GHL enable cross-border payments in the Philippines

Boost Bank launches digital app for underserved Malaysians

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit

Top News

What is Lorem Ipsum?

What is Lorem Ipsum? Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.

Evergreen Group obtains financing license to expand in Malaysia