News

Ping An invests jointly in Joonko

FintechChinese insurance giant Ping An’s Global Voyager Fund has announced it is investing in Joonko, a new digital financial portal from European fintech company, finleap. “Joonko is the digital financial portal that helps European consumers to choose the right financial products for their personal saving and protection needs,” Ping An said in a statement on September 16, 2019. The portal will go live at the end of the year with car insurance as its first product. The project is a joint investment with Raisin, a savings, investment and pension products provider. According to Raisin, Joonko has completed a seed financing round which topped €10 million ($11 million) and the company will use the new capital for portal development and expanding its team. “Joonko represents the logical evolution of financial digitalisation in Europe,” said Donald Lacey, managing director and chief operating officer of the Global Voyager Fund. “It’s the right approach to innovation in retail financial services: a next generation solution designed to benefit consumers and financial product providers alike,” he added. Dr Carolin Gabor, chief executive of Joonko said: “The platform is convenient, totally transparent, and operates on the principle of fairness to both consumers and financial product providers.This is the kind of vision for digital finance that Europe’s consumers deserve.” ©2019 funds global asia

Sponsored Profiles

Sponsored feature: Asset allocators – How do you track your decisions?

Apr 06, 2020

Mark Barry, Head of Asset Allocation at Milestone Group, explores how a simple question can highlight opportunities to automate and streamline your asset allocation investment process.

Sponsored feature: How is DLT changing the global securities services landscape?

Oct 17, 2019

By Jeslyn Tan, global head of product management, securities services, at Deutsche Bank

Sponsored feature: A new base for fund distribution

Oct 16, 2019

To get the most value out of the digitisation of investment fund distribution, a blockchain-based infrastructure is fundamental. By Olivier Portenseigne, Managing Director and Chief Commercial Officer, Fundsquare.

Sponsored profile: Bridging the gap

Mar 11, 2019

Private equity is a core part of the business for Caceis’ Hong Kong office, which looks after clients in China and Europe. David Li, chief executive officer, explains why private equity enjoys strong client demand and how it is being used to fund China’s international infrastructure ambitions.

Executive Interviews

Executive interview: Understanding geographies

Apr 06, 2020

Margaret Harwood-Jones, co-head financing and securities services at Standard Chartered, shares her insights on platform standardisation, opportunities in Asia and regulatory change to encourage...

Executive interview: ‘Bull markets don’t die of old age’

Dec 12, 2019

Having a balanced portfolio in the midst of the longest expansion in history is an investment imperative, Chris Alderson, co-head of global equity and head of international equity at T Rowe Price...

Roundtables

Hong Kong roundtable: A ‘fragile Goldilocks situation’

Apr 06, 2020

With the global economy at a crossroads, our panel of experts share their thoughts on the market conditions, geopolitical volatility and growth opportunities. Chaired by Romil Patel in Hong Kong.

Singapore roundtable: A horizon to hold long-term assets

Dec 12, 2019

Panellists discuss the geopolitical fractures concerning asset owners, Singapore as a hub for fintech start-ups and why it makes sense to raise capital from a Variable Capital Company (VCC). Chaired by Romil Patel in Singapore.