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The world’s most valuable fintech firm, Ant Financial Services originated from Alipay, the third-party payments platform under the Alibaba Group. Today, it also runs a money-market fund and an online bank. Ant Financial has more than 450 million active users. It has also expanded into foreign markets, including the US, UK, Germany, Thailand and Australia, and expects more than 60% of its transactions to come from outside China by 2026. It targets to serve 2 billion users then.
The world’s most valuable fintech firm, Ant Financial Services originated from Alipay, the third-party payments platform under the Alibaba Group. Today, it also runs a money-market fund and an online bank. Ant Financial has more than 450 million active users. It has also expanded into foreign markets, including the US, UK, Germany, Thailand and Australia, and expects more than 60% of its transactions to come from outside China by 2026. It targets to serve 2 billion users then.
Co-founder and CEO of Payfazz
Hendra Kwik is a co-founder of mobile financial services firm Payfazz. Trained as a chemical engineer at Institut Teknologi Bandung where he earned his bachelor's in 2012, Hendra worked for oilfield services company Schlumberger from 2013 to mid-2015. Following a three-month sabbatical, he briefly joined O2O services company Kudo before establishing Payfazz in 2016. Hendra represented Payfazz at Y Combinator in 2017, making Payfazz the first Indonesian company to graduate from the renowned incubator program.
Hendra Kwik is a co-founder of mobile financial services firm Payfazz. Trained as a chemical engineer at Institut Teknologi Bandung where he earned his bachelor's in 2012, Hendra worked for oilfield services company Schlumberger from 2013 to mid-2015. Following a three-month sabbatical, he briefly joined O2O services company Kudo before establishing Payfazz in 2016. Hendra represented Payfazz at Y Combinator in 2017, making Payfazz the first Indonesian company to graduate from the renowned incubator program.
Co-founded by Robin Li and six others in 2000, Baidu, Inc., is a search engine provider with 80% of the Chinese market. Its business consists of three parts: search services, transaction services and iQiyi video services. Search services are targeted at internet users; pay-for-placement services, for example, are triggered by search queries. Transaction services include Baidu Nuomi, Baidu Maps, Baidu Connect, Baidu Wallet, etc. iQiyi is an online video platform with a content library that includes licensed and self-produced films and shows. In 2017, Baidu invested mainly in the fields of AI, transportation and enterprise services.
Co-founded by Robin Li and six others in 2000, Baidu, Inc., is a search engine provider with 80% of the Chinese market. Its business consists of three parts: search services, transaction services and iQiyi video services. Search services are targeted at internet users; pay-for-placement services, for example, are triggered by search queries. Transaction services include Baidu Nuomi, Baidu Maps, Baidu Connect, Baidu Wallet, etc. iQiyi is an online video platform with a content library that includes licensed and self-produced films and shows. In 2017, Baidu invested mainly in the fields of AI, transportation and enterprise services.
Founder and CEO of Gouguanjia
Sun Li had his first (failed) startup in auto services, in 2013, and had previously worked for many years in an internet company.
Sun Li had his first (failed) startup in auto services, in 2013, and had previously worked for many years in an internet company.
Koubei.com is a local services platform founded by the Alibaba Group and Ant Financial Services Group.
Koubei.com is a local services platform founded by the Alibaba Group and Ant Financial Services Group.
Japanese outsourcing company, Transcosmos was established in 1966. The company currently offers cost reduction services, such as contact center and HR, and sales expansion services such as Big Data analysis.
Japanese outsourcing company, Transcosmos was established in 1966. The company currently offers cost reduction services, such as contact center and HR, and sales expansion services such as Big Data analysis.
Co-founder and CEO of Oper
Robin Lazendra is the CEO and co-founder of Oper Indonesia, a designated-driver services platform. He previously founded the Indonesian social media app GetFolks. He studied IT at Bina Nusantara university in Jakarta.
Robin Lazendra is the CEO and co-founder of Oper Indonesia, a designated-driver services platform. He previously founded the Indonesian social media app GetFolks. He studied IT at Bina Nusantara university in Jakarta.
Co-founder of Volantis
Gayuh Tri Satria graduated from Universitas Gadjah Mada in Indonesia with a bachelor's degree in Physics. While still in university, he and Bachtiar Rifai established Jogja Web Services, which provides digital advertising and other services to SMEs. The duo continued on to establish digital marketing consultancy WireHub, digital ad automation company Kofera and, most recently, AI-ready, “data unification” platform Volantis Technology. Between 2012 and 2018, he took on various jobs in other companies, including travel aggregator website Pegipegi, the Lazada Group and now-defunct, social travel site Burufly. He also worked as a blogger and graphic designer on a freelance basis.
Gayuh Tri Satria graduated from Universitas Gadjah Mada in Indonesia with a bachelor's degree in Physics. While still in university, he and Bachtiar Rifai established Jogja Web Services, which provides digital advertising and other services to SMEs. The duo continued on to establish digital marketing consultancy WireHub, digital ad automation company Kofera and, most recently, AI-ready, “data unification” platform Volantis Technology. Between 2012 and 2018, he took on various jobs in other companies, including travel aggregator website Pegipegi, the Lazada Group and now-defunct, social travel site Burufly. He also worked as a blogger and graphic designer on a freelance basis.
Co-founder of Mobvoi
Li holds a master’s in Information Management from the University of Maryland. She used to work as a senior manager for MicroStrategy, a US business intelligence, mobile software and cloud services provider.
Li holds a master’s in Information Management from the University of Maryland. She used to work as a senior manager for MicroStrategy, a US business intelligence, mobile software and cloud services provider.
Founder and CEO of Pengyoufan
A former senior executive at Standard Chartered Bank and HP, Wang Huawei went on to set up his own business in internet investment/wealth management information services, Weitouhuirong (Beijing) Network Technology; and subsequently, P2P financing-social networking app Pengyoufan.
A former senior executive at Standard Chartered Bank and HP, Wang Huawei went on to set up his own business in internet investment/wealth management information services, Weitouhuirong (Beijing) Network Technology; and subsequently, P2P financing-social networking app Pengyoufan.
Co-Founder and CEO of UangTeman
Singaporean Aidil Zulkifli was a commercial lawyer at Duane Morris & Selvam before founding the financial services comparison portal KreditAja.com in Indonesia in 2013. It was later sold to Singapore’s Moneysmart.sg in 2014. He then founded UangTeman in 2015.
Singaporean Aidil Zulkifli was a commercial lawyer at Duane Morris & Selvam before founding the financial services comparison portal KreditAja.com in Indonesia in 2013. It was later sold to Singapore’s Moneysmart.sg in 2014. He then founded UangTeman in 2015.
Founder and CEO of Idachu
A serial entrepreneur with two failed online-to-offline startups since 2011, in free parking and domestic help matching services, Xue is also a former marketing and social media specialist, having worked in the finance industry, Amazon, Baidu and CBSI.
A serial entrepreneur with two failed online-to-offline startups since 2011, in free parking and domestic help matching services, Xue is also a former marketing and social media specialist, having worked in the finance industry, Amazon, Baidu and CBSI.
Co-founder of Sharkpark
The founder of Nasdaq-listed computer-based testing services firm ATA Education Group and Zhihuitianxia (Intelligent World), a supplier of science experiment kits and teaching materials for schools and kindergartens, Ma Xiaofeng is an economics graduate of Nanjing University.
The founder of Nasdaq-listed computer-based testing services firm ATA Education Group and Zhihuitianxia (Intelligent World), a supplier of science experiment kits and teaching materials for schools and kindergartens, Ma Xiaofeng is an economics graduate of Nanjing University.
Founder and CEO of Luckin Coffee
Qian was a founding member and COO of car rental company CAR Inc, which is traded publicly on SEHK, and car services provider UCAR, which is traded on NEEQ. Qian received her EMBA from Peking University.
Qian was a founding member and COO of car rental company CAR Inc, which is traded publicly on SEHK, and car services provider UCAR, which is traded on NEEQ. Qian received her EMBA from Peking University.
CEO and co-founder of Volantis
Bachtiar Rifai graduated in 2010 with a bachelor's degree in Physics from Universitas Gadjah Mada, but his career has led him towards entrepreneurial pursuits, especially in technology. While he was in university, he worked freelance as a web designer and SEO consultant, and in 2008, founded his own digital marketing company, Jogja Web Services, which was dedicated to helping SMEs. In 2012, he left Jogja Web Services, joined travel booking site Pegipegi – now owned by Traveloka – and founded a new digital marketing consultancy, WireHub. In 2014, he joined Lazada and Blanja.com. In 2015, Rifai and his co-founders established Kofera, which offers automated digital marketing using AI. Kofera helps its clients efficiently connect various types of data, including sales and stock, on one platform, where the data can be accessed, processed and used to automatically guide ad spending. In 2018, Rifai spun off a new business from Kofera: Volantis, a company that applies Kofera's data-driven principles to more use cases and provides enterprise clients with end-to-end services.
Bachtiar Rifai graduated in 2010 with a bachelor's degree in Physics from Universitas Gadjah Mada, but his career has led him towards entrepreneurial pursuits, especially in technology. While he was in university, he worked freelance as a web designer and SEO consultant, and in 2008, founded his own digital marketing company, Jogja Web Services, which was dedicated to helping SMEs. In 2012, he left Jogja Web Services, joined travel booking site Pegipegi – now owned by Traveloka – and founded a new digital marketing consultancy, WireHub. In 2014, he joined Lazada and Blanja.com. In 2015, Rifai and his co-founders established Kofera, which offers automated digital marketing using AI. Kofera helps its clients efficiently connect various types of data, including sales and stock, on one platform, where the data can be accessed, processed and used to automatically guide ad spending. In 2018, Rifai spun off a new business from Kofera: Volantis, a company that applies Kofera's data-driven principles to more use cases and provides enterprise clients with end-to-end services.
3D printing foodtech Natural Machines joins Euronext's pre-IPO training program
With its 3D printed vegan candies and snowflake pizzas, Natural Machines already has more than 300 companies using its Foodini food printer, which it’s upgrading with laser tech for simultaneous cooking too
Botree Cycling: Recovering critical metals from end-of-life batteries
The Beijing-based startup helps clients dismantle and recycle spent lithium batteries on-site, recovering over 90% of rare metals and reducing demand for mineral resources
Sequoia Capital China holds steady with investments in healthcare, biotech and green economy
China’s most active investor increases bets on sectors beyond the consumer internet and edtech recently hurt by regulatory clampdown
Aurora Tech AI: Helping new parents sleep at night, and not on the job
When employees become new parents, the challenges they face can lead to sleep deprivation and a loss of productivity at work. Aurora Tech AI says it has a solution
SWORD Health nabs Portugal's second biggest Series A round within one year
SWORD Health's AI-based physiotherapy solution has just clinched $9m from Khosla Ventures and Founders Fund, ringing in a total of $17m in Series A funding
Orain: Making vending machines smarter and more profitable
Vending machines can now interact with consumers and offer FMCG retailers valuable data, thanks to smart hardware from Barcelona-based Orain
Chinese startups feel the chill of capital winter as VC activities slow
The goods news is investors still have plenty of money. They just become more cautious when making investment decisions
With recent funding of $182m, drone maker XAG is set to make its mark as agritech leader
XAG has been reaping the benefits of its 2012 pivot to agriculture as demand for high-tech automation in China’s farms continues to grow strongly amid government push
Allozymes wants to supercharge manufacturing with engineered enzymes
The Future Food Asia 2021 award winner speeds up enzyme engineering from years to months, is already attracting clients and has just raised $5m seed funding
Sequoia China Seed Fund: Growing an era of deep-tech startups
Managing Partner Neil Shen wants to help deep-tech and enterprise tech startups get investments more easily, across quantum computing, semiconductors, synthetic biology and more
P2P lender Investree collaborates with eFishery to provide loans for aquaculture SMEs
Access to quick financing would be a welcome relief to fish farmers, whose incomes have been battered by Covid-19, but can’t get bank loans
Kantox: Value for corporates, headache for banks
Moving beyond its initial remit of currency exchange, Europe's fourth-fastest growing fintech Kantox has garnered awards and financial sector hostility as it differentiates itself in a crowded marketplace
Something positive could come out of the Facebook fallout
Users and startups could learn a lot from the Facebook-Cambridge Analytica scandal. For a start, don’t succumb to apathy
Li Bin: Aiming for more than a Chinese copy of Tesla
Good at making and investing money, he founded two companies that went on to list on the NYSE and invested in over 40 startups
Jojonomic's fintech PaaS helps corporates automate reimbursement, prevent fraud
Jojonomic is used by big companies including Pertamina Patra Niaga, Lazada, Tokopedia and Gojek
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