As a part of drawing the FinTech scene in Hong Kong, FinTechnews collects, tracks and analyzes hundreds of FinTech Startups. Today, the FinTech industry experiences the huge changes. So many few startups are slowly knocked out of the game while more and more players have been joining. After all deep learning into the startups’ performance, we filter and pack the FinTech starts in this Top 20 FinTech Startups Hong Kong List.

(August 2017)

8 Securities is a leading online and mobile investing service in Asia with offices in Hong Kong and Tokyo.

8 Securities’ portfolio includes a robo-advisor service and a mobile stock trading app. 8 Securities was the first in Asia to follow the lead of notorious US-based stock trading app Robinhood and offer no-commission trading.

The company has raised US$29 million in funding so far.

Aidyia is a hedge fund that uses “artificial general intelligence” (AIG), a branch of AI that closely mimics the human brain, to identify patterns and predict price movements in financial markets.

In 2015, the company launched a long/short fund that trades in US equities and makes all stock trades using artificial intelligence with no human intervention required.

Aidyia is licensed by the Securities & Futures Commission (SFC) in Hong Kong as an asset manager.

Contineo is the first industry supported, open messaging network for private banks and wealth management firms to access issuers of structured products.

Contineo provides multiple ways to connect, multiple APIs to choose from, and multiple issuers on network.

Contineo’s technology provides clients options and access, and also standards to allow rapid connectivity and the means to integrate services directly into their front, middle and back-office systems.

The company also works with other certified technology vendors to connect their products to its network.

Quantifeed is leading provider of digital wealth management solutions to financial institutions in Asia.

Quantifeed’s automated investment platform allows banks, brokers and wealth planners to offer their customers a digital investing experience under their own brand.

Quantifeed’s software and financial models provide institutions with a configurable solution to suit their wealth management objectives. The online platform enables users to invest in portfolios of stocks, funds and other asset classes across all major global markets.

Ironfly Technologies provides a combined order and execution management system for equities and equity derivatives. The company offers a modular product suite that can be modified to adapt to a firm’s specific requirements and existing configuration. The platform can be seamlessly integrated with any third party or proprietary trade workflow applications, including OMS’s, market data, risk and analytics applications, and trade reporting services.

Prive Financial is the owner and developer of Prive Managers, an award-winning platform that combines a comprehensive set of tools for wealth managers and their clients.

Prive Managers is an integrated wealth management, product creation, wealth planning and client relationship management platform that brings the client, advisor and the investment manager into one ecosystem.

Prive Financial is licensed by the SFC.

FinFabrik is a financial technology company that provides consultancy services and delivers tailored IT solutions.

The company also offers several solutions and platforms including:

Top FinTech Startups in Mobile Payment

AsiaPay is an electronic payment solution, technology vendor and payment services provider. It aims to bring secured, integrated and cost-effective electronic payment processing solutions and services to banks and online businesses worldwide, covering international credit card, debit card and other prepaid card payments.

The firm offers its professional e-payment solutions consultancy and quality local service support across 12 countries in Asia including Hong Kong, China, India, Indonesia, Malaysia, Singapore, Philippines, Taiwan, Thailand and Vietnam.

TNG Wallet is one of Hong Kong’s leading e-wallets with over 370,000 downloads and usage rate comprising around 5% of Hong Kong’s population.

The mobile app features instant money transfer, forex, bank transfer, global bill payment and global SIM top-up functionalities.

The app currently allows cross-border peer-to-peer payments in Nepal, Bangladesh, Thailand, China, Vietnam, the Philippines, Indonesia, Malaysia, Sri Lanka, India and Pakistan; with the launch in Singapore still awaiting regulatory approval.

Top FinTech Startups in Personal Finance

Neat is a mobile current account solution that allows users to follow their finances, set saving goals and have a 100% digital banking experience. It is designed for the millennial generation and will come with a MasterCard for online and offline shopping. Neat Experience: Opening an account takes just 10 minutes and everything can be done through the app, anywhere, anytime. Say goodbye to those dreaded trips to the branch! Travel Companion: Shop around the world with the Neat MasterCard, online or offline, and get the best exchange rate for over 50 currencies. Budgeting: Neat helps you understand exactly how you spend your money. It automatically categorises all your expenses. No more Excel, ever.

Launched in 2012 by former investment professionals and IT experts, WeConvene is a platform for the finance community aimed at revolutionizing how interactions between investors, corporate and the sell side community are managed, measured and evaluated.

WeConvene brings both the buy side and sell side on to a common platform; streamlining corporate access booking, eliminating the need for email, and returning to portfolio managers, analysts and sales people their most valuable asset.

Top FinTech Startups in Blockchain/Crypto-Currency

ANX International is a fintech company specializing in digital currency and blockchain technology.

ANX aims at being a one- stop solution that merges blockchain technologies with traditional payment networks in the new digital assets ecosystem. The company’s portfolio includes ANX Blockchain Solutions, ANX Payment Solutions, ANX Next Commercial Solutions.

The company also operates two trading platforms and offers debits cards that connect digital currencies with the traditional payment system.

Top FinTech Startups in Remittance

Bitspark is a remittance platform serving the Asia-Pacific region.

Bitspark provides the world first cash in cash out remittance platform for individuals and Money Transfer Operators to send money to emerging markets cheaper, quicker and to more destinations than ever before leveraging Bitcoin as the means of transmission.

Currently, Bitspark allows users to send money to the Philippines, Indonesia and Vietnam with cash pickup at partnering shops, pawnshops, local bank account transfers, among other withdrawal methods.

Top FinTech Startups in Big Data

APrivacy is an award-winning fintech company that provides the banking and finance industry with an information security and tracking service.

APrivacy’s patented solution allows bankers to communicate and share information with their clients using the devices they prefer (iPhone, Android, etc.) via the channels they prefer (Gmail, Outlook, Dropbox, etc. ) and the medium they prefer (email, PDF, PPT, Word, Excel, etc. ).

APrivacy has offices in Ontario, Canada, and Hong Kong.

Amareos is a multi award-wining company specialized in financial news intelligence. It uses artificial intelligence to process millions of documents and paint a picture of the psychological state of the market.

Combining crowd-sourced sentiment data with in-depth research, the platform provides clients with the edge by offering them innovative insight into the drivers of global markets.

Top FinTech Startups in Lending/ Crowdfunding

Lenddo is a technology company that uses non-traditional data to provide credit scoring and verification for the emerging middle class around the world.

Lenddo has developed its patented technology based on four years of actual online lending experience that included collection, analysis and processing of billions of data points. The Lenddo Data Science team uses advanced machine learning techniques to build predictive algorithms.

In January 2015, Lenddo opened its technologies for third parties. The company has partnered with a number of institutions across the world, including I-Lend in Singapore, FKBCG in South Korea and FICO in India.

Lenddo has raised US$14 million in funding so far.

WeLab is a fintech startup founded in 2013 operating a number of online lending platforms including Wolaidai, one of China’s leading mobile leading platforms, and WeLend, Hong Kong’s leading online lending platform.

In January 2016, WeLab completed its US$160 million Series B funding round, the fourth largest fundraising and second largest Series B in fintech globally.

WeLab has raised US$180 million in funding so far from a number of international and domestic Chinese investors such as ING Bank, Chinese state-owned Guangdong Technology Financial Group (GTFG) and Sequoia Capital.

Monexo is an online peer-to-peer lending marketplace that connects borrowers with savvy lenders.

The platform aims to provide fast and affordable financing to small and medium-sized enterprises (SMEs) owners and their employees by offering a simple and convenient alternative to traditional credit services.

Monexo operates in Hong Kong and India.

Top FinTech Startups in Comparison

CompareAsiaGroup is Asia’s leading and fastest growing financial comparison platform, with a presence in Hong Kong, Indonesia, Malaysia, Philippines, Singapore, Taiwan, Thailand and Vietnam.

CompareAsiaGroup offers a comprehensive overview across various financial products, and is a one-stop solution for peoples price comparison needs in Asia. The company works with over 60 partners in the region, including Allianz, American Express, ANZ, Axa, DBS, HSBC, Generali, MayBank and Citi Bank.

CompareAsiaGroup has raised US$96 million in funding so far.

Top FinTech Startups in Various

PassKit offers a mobile wallet cloud solution that enables businesses and developers to create, distribute, and manage digital stamp cards, digital loyalty cards, stored value cards, digital/mobile coupons, event tickets, membership cards, transit tickets, and business cards, on iOS, Android, Windows, Blackberry, desktop, and tablet devices.

Founded in 2012, the company provides services in the areas of cloud infrastructures, software development kits, analytics platforms, and more.

Source: Crunchbase and the companies’ sites.

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