18 Promising Hong Kong FinTech Startups You Need To Know About

Advika Gudi
Oct 23 · 7 min read

The much-awaited and coveted Hong Kong FinTech Week is fast approaching. Held this year from 4th-8th November the exhibition boasts over 10,000 executives, entrepreneurs, investors and regulators from China, Asia and across the world.

This year the key themes include AI, Blockchain, Virtual Banks, FinTech in China and the Greater Bay Area Collaboration.

This week is a chance for startups to showcase who they are, what they do and get recognised for their work and contributions. Thankfully, we did all the work for you and curated a list of startups attending that you NEED to know about. You can find extremely promising startups at the Hong Kong FinTech Week 2019.


The CareVoice

Year founded: 2014

About: Care Voice brings mobile-based and data-driven solutions to digitize healthcare and insurance. Consumers can search for first-class health and wellness providers, be guided towards the most cost-efficient medical centres and easily use their insurance benefits.

Interesting news:

  • The CareVoice raises 10 million to develop better tech for insurance providers in Asia (Source)
  • The CareVoice launches CareVoiceOS (Source)
8 Securities

Year founded: 2012

About: By keeping innovation at the heart of everything they do, they aim to build a new investing service to meet the needs of young customers in the simplest ways possible. They launched Asia’s first mobile-only investing service, first Robo-advisor, first social trading platform, and first zero commission trading.

Interesting news: Mikaal Abdulla, CEO of 8, named top FinTech 50 Hong Kong (Source)

Aqumon

Year founded: 2015

About: AQUMON analyses your risk tolerance and investment preferences to generate an investment portfolio to fit your needs. It uses over 20,000 stocks, bonds and commodities to stabilize your returns.

Interesting news: AQUMON selected into Cyberport’s Incubation Programme, 2019 returns up 11–21% (Source)

Apoidea

Year founded: 2017

About: A technology company which focuses on identifying and presenting valuable business information supported by artificial intelligence.

Atutus

Year founded: 2018

About: They are an InsurTech company ensuring that your risks can be precisely measured so as the price you pay without any middlemen involved. Their vision is to treat and protect every member fairly without paying huge commissions for highly inefficient and non-transparent operations.

Galileo Platforms

Year founded: 2016

About: Galileo Platforms is a platform technology company serving the insurance sector. Using blockchain technology they connect participants in the insurance ecosystem enabling them to deliver a straight-through, digital client experience.

Interesting news: They recently won the inaugural Citi TTS ASEAN FinTech Accelerance Program 2019’s “Most Innovative Solution Award” (Source)

Gini

Year founded: 2016

About: Gini is a global smart-spending tracker created to empower you to take control of your personal finances. You can set saving goals and get a clearer overview of your money’s ins and outs with insights from your accounts and cards. With Salt Edge technology, they ensure your data is protected and not viewed by any third party.

Interesting news: They recently raised US $1.6 million and unveiled a partnership with Salt Edge enabling them to be compatible with over 3,000 financial institutions in 60 countries by the second half of 2019. (Source)

Hex Trust

Year founded: 2017

About: They are institutional Custody for Digital Assets. They aim to provide a highly secure, enterprise-grade and compliant solution for digital assets custody.

Interesting news: Cryptam Capital Ltd. selects Hex Trust to be their custodian and partner to deliver confidence and trust to institutional digital asset investors. (Source)

HeyCoins

Year founded: 2015

About: HeyCoins helps customers tackle the hassle of using physical coins by converting them into digital currency so that the coins are valued again. Over 20 of HEYCOINS Kiosks are currently distributed around Hong Kong. HEYCOINS also commits to reinvest more than 65% of their profits into businesses that will do social good.

Interesting news: [2018] The Hong Kong students cashing in on the spare change you have in your pocket. Heycoins has converted more than HK$7.6 million (US$970,000) of small change into electronic currency and coupons, and more than 30,000 people have used the service.(Source)

Know Your Customer

Year founded: 2015

About: They are a company providing end-to-end digital solutions to verify companies before client on-boarding, wherever they are in the world. They help accelerate the onboarding of new clients, ensure compliance with anti-money laundering regulations and heal the disconnect between company needs and compliance practices.

Mai Capital

Year founded: 2018

About: MaiCapital Limited a hedge fund manager that specializes in blockchain and cryptocurrency investments. They aim to offer institutionalized investment services in the digital asset market.

Interesting news: One of the first SFC regulated hedge fund managers in digital asset, MaiCapital rides on Hong Kong’s FinTech development and explores new markets in APAC. (Source)

MeReal Biometrics

Year founded: 2015

About: They use fingerprint technology driven by disruptive acoustic / RFID authentication technology as an alternative to PIN codes and passwords to better secure your data.

Interesting news: MeReal Biometrics launches the “Keyper” — the world’s most versatile fingerprint card (Source)

MioTech

Year founded: 2016

About: MioTech is an artificial intelligence platform that assists financial institutions to better manage and draw insights on their data. They use Proprietary graph database infrastructure, Topic Modeling and Extraction to help their clients truly understand and hence manage their data.

Interesting news: The man who helped to automate Citi has resurfaced at a Hong Kong startup (Source)

Neat

Year founded: 2015

About: Neat helps you open a business account, get prepaid Mastercards and send & receive money globally. Neat believes in making an international business a reality for entrepreneurs around the world.

Interesting news: This Company Solves A Common Problem Startups Face Today — Opening A Bank Account (Source)

NSecured

Year founded: 2017

About: NSecured features highly customizable, cost-effective services for every client’s data storage needs using a highly integrated IT environment and information security technology.

Interesting news: AWS搭載TaiPay企業雲端平台服務,全面解除資安威脅 (Source)

Quantifeed

Year founded: 2013

About: Quantifeed provides digital investment solutions using engaging investor journeys, optimised advisor tools and customisable portfolios to financial institutions and their clients.

Interesting news:

  • They have been named Best Robo Advisor Solution at Asian Private Banker Technology Awards for Two Years in a Row. (Source)
  • DBS launches robo-investment platform to woo non-investors in partnership with Quantifeed (Source)
Velotrade

Year founded: 2015

About: They are a web-based invoice finance solution to provide you with immediate cash flow by selling your outstanding invoices. Velotrade also works to help businesses profit quicker through finance factoring and discounting. SMEs receive advances on their outstanding invoices, making it easier to further expand their business.

Interesting news: They completed their first cross border trade financing transaction into Mainland China with QEX. (Source)

Regtics

Year founded: Unavailable

About: They are developing a solution to assist financial institutions in complying with international and local anti-money laundering and counter financing of terrorism regulations using AI and big data technology.


Hopefully, this list helped you gain a better, more well-rounded understanding of the exhibitors at the Hong Kong FinTech Week. This week aims to not only accelerate the growth of FinTech startups but also help consumers gain a greater awareness of companies whose purpose is to make your lives easier.

If this was helpful, we would encourage you to give the FinTech WhitePaper a read. It’s a comprehensive guide to EVERYTHING you could ever want to know about the upcoming week, ensuring that you are updated on everything FinTech.

Interested in more content? Follow us to stay updated!

WHub

Passionate about helping startups innovate and scale, as well as fostering the growth of the entire startup ecosystem. https://whub.io/ 🚀

Advika Gudi

Written by

WHub

WHub

Passionate about helping startups innovate and scale, as well as fostering the growth of the entire startup ecosystem. https://whub.io/ 🚀

Welcome to a place where words matter. On Medium, smart voices and original ideas take center stage - with no ads in sight. Watch
Follow all the topics you care about, and we’ll deliver the best stories for you to your homepage and inbox. Explore
Get unlimited access to the best stories on Medium — and support writers while you’re at it. Just $5/month. Upgrade