Author: TheFintechBuzz.com

storfund-set-to-offer-us$1bn-to-ecommerce-smes

Storfund set to offer US$1bn to eCommerce SMEs

February 10, 2021 Published by

 

Founded in 2018, Storfund is a technology driven global eCommerce funding enterprise. Storfund announced today it has raised $36.5 million of capital through the Private Debt team of Swiss bank Union Bancaire Privée (UBP) and private investors. This fresh investment will be used to expand Storfund’s global operations and help marketplace merchants access working capital and unlock liquidity.

In its initial 18 months of operations, Storfund has enjoyed rapid growth, fast becoming Europe’s leading eCommerce funder – a feat that saw the business break even in its first six months. Between December 2019 and December 2020 Storfund saw a 1200% growth and expects to continue this growth trajectory for the next two years. This year, Storfund aims to provide $1 billion of cash advances to eCommerce merchants selling on Amazon and other European, American, and Asian marketplaces.

The only European Amazon approved funding provider, Storfund has a presence in 17 out of Amazon’s 20 marketplaces. It is also integrated into other leading European eCommerce sites and is due to be rolled out onto several other marketplaces during 2021.

Storfund’s API driven propriety technology brings innovation and efficiency to the receivables finance industry which has been unable to serve e-commerce merchants due to its traditional approach. Technology streamlines processes and lowers costs, which is ultimately passed on the e-commerce merchants. Storfund’s bespoke underwriting standards based on marketplace microstructure indicators rather than traditional credit metrics allow Storfund to onboard e-commerce merchants within 24 hours and manage risk on a dynamic basis.

By combining access to working capital and international cross-border payments in over 50 currencies, London-based Storfund provides eCommerce sellers around the world with an end-to-end solution for stabilising cash flow, accelerating growth and increasing profitability from their local and international sales.

eCommerce is now an indispensable part of the global retail framework. Like many other industries the pandemic has reshaped the retail landscape and accelerated its exponential transformation. 2020 saw global eCommerce surpass $3.5 trillion in sales, accounting for 22% of the entire global retail market.

Storfund was conceived by former investment bankers George Brintalos and Akbar Ahsan. Together they recognised the unique financial needs of eCommerce merchants. George Brintalos said: “Storfund bridges the gap between eCommerce and capital, which is under served by traditional banks which are either too rigid to adapt or are withdrawing from the SME sector. We are here to address the capital needs of this new category of entrepreneurs, providing them with the liquidity they need to naturally grow their business, without adding unnecessary debt on their balance sheet or diluting their share capital base.”

Akbar Ahsan added: “Storfund uniquely understands the cashflow challenges of eCommerce merchants and offers a frictionless liquidity solution for the digital age. We are pleased that investors saw the value of Storfund’s tech-first approach which combined with our real time risk management puts us at the forefront of our industry. This investment round will accelerate our scale up and help us in our mission to alleviate the pain of long payment terms and provide growth capital to eCommerce merchants.”

Colin Greene, Head of Private Debt at UBP said: “Fintech and e-commerce are generating attractive financing opportunities. We are pleased to work with Storfund and support the financing they provide to SMEs who sell through e-commerce marketplaces.”

micro-savings-fintech-platform-siply-raises-usd-one-million-in-seed-funding

Micro-savings Fintech Platform Siply Raises USD One Million in Seed Funding

February 10, 2021 Published by

 

Siply, an AI-driven ‘sachet financial services’ platform for underserved Indians which currently offers micro-savings, micro-credit, micro-investment and other value added services, today announced that it has raised USD one million in seed funding from investors like Jain International Trade Organisation (JITO) Angel Network and Inflection Point Ventures (IPV), along with a group of CXOs from India and UAE-based angel investors. With this infusion of funds, Siply will accelerate its technology platform integration with ecosystem players, expand the team and onboard distribution partners.

A Bengaluru-based startup, Siply was founded in July 2020 by Sousthav Chakrabarty and Anil Bhat, both seasoned professionals of the Banking, Finance and Technology sectors, with prior experience of entrepreneurship. It was started with the vision of creating a more financially inclusive India where Siply helps underserved masses inculcate a savings behaviour to build a more productive and financially secure country. It is doing this through a technology-enabled micro-savings platform where the investment can, for the first time in India, be as low as Re.1. The platform offers unprecedented flexibility and ease of use to its users, who are mostly of limited financial means, and is available in multiple local languages.

“Siply wants to be the preferred financial services brand to the 40 crore Indians who are not yet a part of the formal banking system. We are building a platform that is tailor-made to serve the specific needs of this segment, which has so far been largely overlooked by current financial institutions like banks and mutual fund houses. The level of flexibility and convenience we are offering, coupled with advanced technology and the sector expertise that we possess, will help us create a unique bouquet of financial services for the masses of India. This funding helps us move another step forward in that direction,” said Sousthav Chakrabarty, Co-Founder and CEO, Siply, speaking about the development.

Within the short span of its existence, Siply has had its innovative business model of providing ‘sachet financial services’ validated by its target customer base comprising contract workers, blue-collar workers, gig economy workers and small business owners; it had 10,000 users by end of year 2020 in the pilot phase itself. Business worth INR 2 crore has already been carried out on the prototype product, and the number of transactions has crossed 10,000. Digital Gold and Emergency Funds are currently available as savings and investment instruments on the Siply platform and have seen significant repeat transactions by users. Other financial instruments are in the pipeline and will be launched soon.

Commenting on the funding, Ashok Shah, Vtrans, JITO Angel Network , Lead Investor, said, “Siply is a must have for all blue collar workers. In today’s scenario where very often expenses outweigh savings, Siply is a platform which helps people easily make investments in Gold (digital) and many other products that Siply has to offer, in a way that fits their budget and gives them flexibility of usage. We at JITO Angel Network are proud to be part of Siply and are very confident that Sousthav will lead the company to great heights.”

transfergo-selects-thought-machine-to-drive-global-expansion

TransferGo selects Thought Machine to drive global expansion

February 9, 2021 Published by

 

TransferGo, one of the world’s fastest growing money transfer companies, today announces a partnership with Thought Machine, the cloud native core banking technology company, to propel its ongoing product innovation and drive global expansion into new markets. By taking advantage of Thought Machine’s next generation cloud native core banking platform Vault, TransferGo will focus on enhancing its customer experience through better, more advanced platform capabilities.

Building on a successful 2020, during which TransferGo defied market expectations to see cross-border payments grow by over 60%, Vault will be a critical component for sustained growth. By hosting payment services that are highly scalable, flexible, secure and fast in the cloud, Vault will empower TransferGo to expand its real-time payments platform, build products rapidly and release future card and account capabilities without delay.

Importantly, Vault contains no legacy technology and so allows TransferGo to build and deliver payment services to its exact requirements. The technology will support TransferGo’s mission to continuously drive improvement to its digital payments service and the customer experience for the migrant worker community, helping them to move their money around the world quickly, safely and as cost efficiently as possible.

“Hot off the heels of a $4m investment from Silicon Valley Bank in November, this partnership demonstrates our momentum in investing, innovating and disrupting the global remittance market,” says Justinas Lasevicius, CFO and Co-Founder of TransferGo. “Our customers are at the heart of every decision we make, and through our work with Thought Machine and their intuitive product Vault, we will introduce more enhanced services and drive impactful experiences for our migrant worker community.”

“We are proud to be supporting TransferGo on their global rollout and product expansion. It is a testament to Vault’s flexibility and future-proof design that fast-growing, innovative institutions like TransferGo select us to architect their future. Vault’s cloud native design provides banks and fintech companies the tools to build their bank of the future,” says Paul Taylor, CEO and Founder of Thought Machine.

“By tapping into the power of the cloud, TransferGo will enjoy a host of benefits, including unparalleled scalability, reliability, security and speed. Coupled with Vault’s unique horizontal architecture – they will be unshackled from the constraints of legacy product building – free to focus on providing an exceptional customer service and a world-class remittance service.”

Today’s announcement reflects the continued investment TransferGo is making in its award-winning remittances platform. With over 2 million users and securing over $14 million in investments last year, it is committed to expanding its global footprint and launching new services on its cross-border payments platform. TransferGo also recently partnered with VISA and Mastercard, and bolstered its senior leadership team through the hires of Edgardo Savoy as Chief Technology Officer and Francesco Fulcoli as Chief Compliance Officer. These new developments will superpower its technology innovation roadmap.

trade-ledger-raises-13.5-million-in-series-a-funding

Trade Ledger Raises £13.5 Million in Series A Funding

February 9, 2021 Published by

Trade Ledger, the global technology provider to the commercial banking and financial services industry, has raised a total of £13.5 million to complete its Series A funding round.

The equity round was led by Point72 Ventures, with strong participation from Foundation Capital, who led the debt tranche closed previously, Court Lorenzini, founder of DocuSign, Hambro Perks, and other existing investors.

Trade Ledger exists to enable lenders to provide credit to small and medium enterprises (SMEs), by showing them at a glance the information they need to make good decisions. Its platform puts the customer experience at the heart of the process and expands credit distribution without increasing risk, unlocking a £1.2 trillion un-served segment of the £7 trillion global SME credit market. Trade Ledger brings together all the data that lenders need throughout the customer lifecycle, analyses that data, and automates key processes. Lenders can act faster with less risk and serve more businesses at greater profit. They can also move into new services such as embedded finance, including offering loans as part of the payment journey on websites selling to businesses. In the four years since it was founded, Trade Ledger has won global and regional banks and alt finance providers as customers. Revenues grew twelve-fold during 2020.

With the new funding, Trade Ledger will grow out its sales, marketing and customer delivery teams. Martin McCann, CEO of Trade Ledger, said: “This new investment will enable us to triple our customer base during 2021. Adoption of our technology is critical for the post-pandemic recapitalisation of the economy and we are driving growth as fast as our capital allows, to be able to support this critical economic need, particularly for SMEs. New digital solutions based on real-time business data are the only way to address it.”

Alex Tarhini, Operating Partner at Point72 Ventures, said: “We view Trade Ledger as part of an important wave of companies that are disrupting legacy financial technology and, in doing so, are moving the financial services industry forward. Trade Ledger’s data-driven lending capabilities coupled with their embeddable, flexible platform are bringing significant new opportunities to the business lending market, particularly the small and medium enterprises that are the engine of the global economy. Its customers already include the top global credit providers, and we believe it will continue to grow rapidly.”

George Davies, Partner at Hambro Perks, said: “We are delighted to continue to back Martin, Matthias, and the entire Trade Ledger team in their mission to build the leading technology to enable lenders across the world to provide funding to SMEs. Since our initial investment in 2019 the team has signed global blue-chip clients, built an outstanding team, and developed a market leading product. We are excited to continue to support Trade Ledger.”

Mr Tarhini will join the Trade Ledger board. He joins Court Lorenzini, founder of DocuSign, who joined as a non-executive director in 2020; George Davies, who joined as a non-executive director in 2019; and Trade Ledger founders Martin McCann and Matt Born. Angus Davis, partner at Foundation Capital, continues as a board observer.

hong-kong-fintech-start-up-sleek-becomes-apac’s-first-carbon-neutral-corporate-service-provider

Hong Kong Fintech Start-up Sleek Becomes APAC’s First Carbon-Neutral Corporate Service Provider

February 8, 2021 Published by

 

Hong Kong fintech start-up Sleek has become the first provider of carbon-neutral corporate services in the Asia-Pacific region with its new sustainability initiative that tackles carbon emissions.

Hong Kong’s corporate services industry has long been known to be traditional and paper-based. On average, 130,000 businesses are incorporated in Hong Kong every year. From document printing to signing, the resources needed for these services produce over 2,081 tons of CO2 waste – the equivalent of the carbon emission generated by 455 passenger cars driven for one year. As an innovator and disruptor in the industry, Sleek is challenging the norm by leading a “green” and paperless revolution.

Since November 2020, Sleek has been financing mangrove reforestation projects in East Java, Indonesia to compensate for the carbon emissions associated with the company’s services. In coordination with Handprint, a sustainability software startup in Singapore, these conservation projects are set to absorb the company’s monthly carbon footprint. The projects are managed by teams of experienced local conservationists and volunteers in the community, an intentional effort to create a positive impact on both the environment and the local economy. With 2,068 trees planted thus far, the mangroves will grow and absorb over 400 tons of CO2 in the next 20 years.

“As a digital-first company, we believe in using the power of technology to make the lives of our customers easier; however, we have a responsibility to ensure that our present actions have a positive effect on our environment and for future generations to come,” states Co-Founder and CEO, Julien Labruyere. “By 2030, we foresee Sleek to be the first carbon-positive corporate service firm in Asia-Pacific and we hope to see more companies join this green revolution,” he continues.

Sleek believes the excessive wastage and environmental repercussions in the industry can be minimized through digitization. Its cloud-based solution and AI-driven customer platform already make it five times more efficient than traditional providers with significantly less paper wastage. Meanwhile, SleekSign, a self-developed digital signature tool, has been used over 200,000 times since its release in 2020, saving over 16.4 tons of CO2 on paper and ink consumption. With this new initiative, the company is truly becoming the first corporate services provider in the APAC region to be the leader in such sustainability efforts.

In 2021, Sleek will continue to focus on delivering high-quality services to over 3,500 companies in Hong Kong and Singapore, and develop new digital tools to lead and accelerate the sustainability movement in the industry.

singapore-fintech-start-up-sleek-becomes-apac’s-first-carbon-neutral-corporate-service-provider

Singapore Fintech Start-up Sleek Becomes APAC’s First Carbon-Neutral Corporate Service Provider

February 8, 2021 Published by

 

Singapore Fintech start-up Sleek has become the first provider of carbon-neutral corporate services in the Asia-Pacific region with its new sustainability initiative that tackles carbon emissions.

Singapore’s corporate services industry has long been known to be traditional and paper-based. On average, 90,000 businesses are incorporated in Singapore every year. From document printing to signing, the resources needed for these services can produce over 469 tons of CO2 – the equivalent of the carbon emission generated by nearly 23 fully loaded garbage trucks. As an innovator and disruptor in the industry, Sleek is challenging the norm by leading a “green” and paperless revolution.

Since November 2020, Sleek has been financing mangrove reforestation projects in East Java, Indonesia to compensate for the carbon emissions associated with the company’s services. In coordination with Handprint, a sustainability software startup in Singapore, these conservation projects are set to absorb the company’s monthly carbon footprint. The projects are managed by teams of experienced local conservationists and volunteers in the community, an intentional effort to create a positive impact on both the environment and the local economy. With 2,068 trees planted thus far, the mangroves will grow and absorb over 400 tons of CO2 in the next 20 years.

“As a digital-first company, we leverage the power of technology to make the lives of our customers easier; however, we have a responsibility to ensure that our present actions have a positive effect on our environment and for future generations to come,” states Co-Founder and CEO, Julien Labruyere. “By 2030, we foresee Sleek to be the first carbon-positive corporate service firm in Asia-Pacific and we hope to see more companies join this green revolution,” he continues.

Sleek believes the excessive wastage and environmental repercussions in the industry can be minimized through digitization. Its cloud-based solution and AI-driven customer platform already make it five times more efficient than traditional providers with significantly less paper wastage. Meanwhile, SleekSign, a self-developed digital signature tool, has been used over 200,000 times since its release in 2020, saving over 16.4 tons of CO2 on paper and ink consumption. With this new initiative, the company is truly becoming the first corporate services provider in the APAC region to be the leader in such sustainability efforts.

In 2021, Sleek will continue to focus on delivering high-quality services to over 3,500 companies in Singapore and Hong Kong, and develop new digital tools to lead and accelerate the sustainability movement in the industry.

endowus-scores-double-win-at-best-of-the-best-awards-2021

Endowus scores double win at Best of the Best Awards 2021

February 5, 2021 Published by

 

Endowus, one of Singapore’s leading MAS-licensed investment platforms, won two accolades at Asia Asset Management’s Best of the Best Awards 2021: The ‘Singapore Fintech Innovation in Asset Management’ award and the ‘Singapore Rising Star’ award, showcasing the wealthtech company’s steps towards becoming an industry leader in Singapore.

The ‘Rising Star’ award honours the market participant that has become the one to watch—the one demonstrating the greatest promise within the country’s fund management industry. A recent addition to the list of awards presented by Asia Asset Management, the ‘Fintech Innovation in Asset Management’ award recognises a firm’s product or service offering that has made a significant difference to clients, deploying cutting edge technologies to offer better outcomes. The awards recognise Endowus’ innovation and strategic development in the industry, which has helped fuel massive growth in the past year.

“We are honoured to receive these two awards that indicate we are on the right path and taking the right approach with the industry-first initiatives we’ve implemented,” said Endowus Chief Executive, Gregory Van.

“The Endowus team has worked tirelessly to implement our vision to help Singaporeans invest better, so they can live easier today, and live better tomorrow and through retirement.”

As part of their innovative efforts to provide Singaporeans with new financial solutions, Endowus launched as the first and only digital wealth platform to incorporate holistic wealth planning from Singapore’s pension funds (CPF), Supplementary Retirement Scheme (SRS), and cash savings—providing individual investors with more control, democratised access to products, and a clearer picture of their total wealth.

Endowus accesses institutional share classes of funds, making them available to retail investors at low costs typically only available to the industry’s largest and wealthiest clients. Endowus only charges a transparent percentage-of-assets access fee, with no separate transaction, custodian, forex, nor any other hidden fees.

Endowus further pursues fair and transparent fees for retail investors by setting a new standard for removing the conflicts of interest that typically plague the industry, implementing an industry-first 100 percent trailer fee rebate to its clients. This enables Endowus to remain performance-driven and fully aligned to client interests, bringing them only the best and most suitable products.

“We believe we have helped improve the investment experience for the everyday investor, by opening doors to best in class funds, and ensuring that we only act in the interest of our clients with the fees that we charge, and rebates that we return,” added Van.

“We started the business with the aim to make impactful change to every Singaporean’s life, which is to give a better investment and advisory solution for their CPF monies, and we will continue to innovate while searching for avenues to further improve what we provide our clients and elevate what investors should expect from the industry.”

Helping people take ownership of their personal finances is a vital mission for Endowus, which was founded on the idea of providing affordable access to high-quality investment options to create a better and more sustainable future for investors and their families. To further promote inclusion, Endowus has also lowered its minimum account size in February.

The Asia Asset Management virtual awards ceremony will take place on Tuesday, April 27, 2021.

first-global-digital-transformation,-blockchain,-defi,-ai,-smart-cities,-social-impact,-big-data-openbusinesscouncilorg-awards-with-citiesabc.com-and-world-smart-cities-forum-offer-$1m+-in-prizes,-startups-incentives-in-a-time-of-covid-19

First global digital transformation, blockchain, DeFi, AI, Smart Cities, Social Impact, Big Data openbusinesscouncil.org Awards with citiesabc.com and World Smart Cities Forum offer $1m+ in prizes, startups incentives in a time of Covid-19

February 4, 2021 Published by
  • The openbusinesscouncil.org / citiesabc.com Global Digital Transformation Summit Awards is an online event with the aim to strengthen businesses, startups and government’s strategies post COVID-19.
  • The awards jury panel is made up of technology influencers and academics in partnership with the World Smart Cities Forum, and top universities.
  • The awards will recognize and celebrate innovative businesses and solutions having a positive impact on Society.
  • 120+ top experts and government officials on a 3-day summit/awards event will be on April 20th and 21st, with the awards taking place on April 22nd.
  • The previous summit included government officials like Minister of Science and Technology of Japan; Deputy Minister of Digital Transformation for IT Development in Ukraine, Deputy Minister of Science and Technology in Vietnam; Minister of Communications of Malaysia, AI and tech experts like Ben Goertzel and Eric van der Kleij.

openbusinesscouncil and citiesabc present the Global Digital Transformation Summit and Awards, to tackle challenges and opportunities for businesses, cities and governments in a time of COVID-19.

The digital transformation openbusinesscouncil 3-day summit provides access to a unique audience and has indirect digital streaming in social media, that reaches over 10 million people. The participants include global tech thought leaders, top entrepreneurs, startup organisations, accelerators, investors, authors and governments involved in business tech innovation.

Dinis Guarda, and Hilton Supra Founders of openbusinesscouncil / citiesabc, said: “We started the openbusinesscouncil summit and awards after working with global businesses and governments where we recognised the urgency to create awareness for digital transformation, 4IR tech to empower businesses and SMEs in the framework of Society 5.0.”

The openbusinesscouncil digital summit will cover the following topics:

  1. 4IR / Society 5.0 – / Smart business & Smart Government
  2. Digital Transformation in the context of – AI Blockchain / Robotics, AI and Machine Learning
  3. Energy – Renewable Energies / Green cities / Sustainable solutions / Green Deal / Carbon Neutral
  4. Smart Cities – Supply Chain & Infrastructure / The Circular Economy / Govtech /  Healthtech / Proptech
  5. FinTech – ESG Investments / VCs & DeFi (Decentralized Finance)
  6. Social Impact – Accessibility / Financial Inclusion / Empowerment /Data Literacy

The openbusinesscouncil citiesabc digital awards on the 22nd of April will showcase and champion the excellence of innovation and technologies by startups within the following six categories:

  1. AI;
  2. Blockchain, DeFi;
  3. Smart Cities;
  4. Digital Wellness, Wellbeing, HealthTech;
  5. Social media /Big Data/ Analytics;
  6. Social Impact

The jury includes leading personalities like Professor Yu Xiong, Associate Dean International Surrey University; Jaewon Peter Chun, President at World Smart Cities Forum, and Michael Stanley Jones, United Nations, Debra Ruth Global tech and social impact influencer among others.

The awards participation is open for any businesses, startups and organisations involved in creating innovative solutions in the six award categories. Winners of the awards will have access to over $1m in total prizes which include investment opportunities, media outreach, PR, other business credits and startups’ incentives.

The inaugural summit reached 50,000+ live views 300,000+ post-live views with a global media outreach in social media and PR of over 10 million people. The April 2021 summit and awards are expected to far exceed this with the addition of more key speakers and participants.

The award registration is open for businesses, startups, companies and organisations:
https://openbusinesscouncil.org/summit/application-form/
The event will be streamed in the fast-growing Dinis Guarda YouTube Podcast series https://www.youtube.com/c/DinisGuarda/videos
Tickets: https://www.eventbrite.co.uk/e/openbusinesscouncil-summit-and-awards-tickets-136828817677
For more information https://openbusinesscouncil.org/summit/
Summit & Awards video: https://youtu.be/hb9hnc9NHu0

fields-international-education-consulting-wins-2020-global-corporate-excellence-award-with-business-worldwide-magazine

Fields International Education Consulting Wins 2020 Global Corporate Excellence Award with Business Worldwide Magazine

February 4, 2021 Published by

 

Australia based Fields International Educational Consulting (FIEC) has been named in the 2020 Global Corporate Excellence Awards by Business Worldwide Magazine.

The Awards identify and honour the most respected companies and their C-Suite executives, rewarding outstanding performance, innovation and ethics across international business and finance communities. FIEC was the outright winner in the category ‘Best New International Education Consultancy – Australia‘.

The consultancy is led by Emilia Fields, who has dedicated her life and career to making quality education accessible to all. Her extensive teaching experience ranges from Primary and Secondary to University lecturing, and she has presented at many conferences and events across Australia and overseas. With decades of experience of teaching – along with an intrinsic knowledge of how the school system works – under her belt, she decided to leave the formal school system in March 2020 to focus on establishing FIEC.

It took only one month for the FIEC business to be completely set up, and since then the consultancy has gone from strength to strength. FIEC combines Emilia’s enthusiasm and passion for education with world knowledge and the ability to operate at all levels, according to the individual needs of schools and students.

Learners and educators can benefit from a wealth of knowledge and services, including a Global Gateway, featuring a range of solutions and strategies for international schools dealing with rapid changes in a globalised world.

FIEC provides services across all facets of International Education. Student Welfare is of the utmost priority, and FIEC works with school staff to ensure the students’ well-being and welfare needs are met at all times. The organisation’s Intensive English and International Programs involve working closely with English language teachers, staff and administrators on documentation, establishment, and implementation of these programs.

To find out more about Emilia and FIEC, visit www.fiec.com.au

An article on the company can be found on the Business Worldwide Magazine website:
https://www.bwmonline.com/2021/01/27/fields-international-education-consulting-enhancing-the-international-education-experience/

Further information about the Business Worldwide Magazine Awards 2020 visit – https://www.bwmonline.com/2020-global-corporate-excellence-awards-winners/

airstar-bank,-established-by-amtd,-won-2020-int’l-design-excellence-award

Airstar Bank, established by AMTD, won 2020 Int’l Design Excellence Award

February 4, 2021 Published by

 

Recently, Airstar Bank, jointly established by AMTD and Xiaomi, one of the eight virtual banks approved by Hong Kong Monetary Authority (HKMA), became bronze winner of the 2020 International Design Excellence Award. This is the first in history for a banking app to win this award, reaffirming Airstar Bank’s excellence in its technological advantage and design aesthetics of its digital interactive system and service.

The International Design Excellence Awards are one of the world’s most famous, most rigorous annual design competition. Founded in 1980, with the Industrial Designers Society of America acting as its judge, the awards promote innovative industrial design, address production lifecycle effects on environment, create value, protect the ecosystem, while pursuing design beauty and visual appeal.

Jointly founded by Xiaomi Corporation, world’s leader in Internet of Things (IoT), and AMTD Group, Asia’s leading comprehensive financial conglomerate, Airstar Bank was granted the virtual banking license by the HKMA in May 2019 and officially opened in June 2020. It is one of the first virtual banks approved by HKMA to officially open to public. Embracing the concept of financial inclusion, Airstar Bank is committed to making everyone enjoy the fun of FinTech, becoming “everyone’s bank”, and enabling each customer to have more convenient access to innovative virtual banking services.

AMTD’s overall business strategy and vision are also built upon our “IDEA” – our four core pillars: AMTD International (NYSE: HKIB/SGX: HKB), AMTD Digital, AMTD Education, and AMTD Assets.

SOURCE AMTD

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