Jianpu Technology, a subsidiary of Chinese VC-backed financial products search and recommendation platform Rong360, has slipped below its IPO price following a $180 million offering on the New York Stock Exchange.
KKR has made a partial exit from China International Capital Corporation (CICC) – the Chinese investment bank in which it acquired a minority stake in 2010 – generating proceeds of HK$1.52 billion ($194.5 million).
The Monetary Authority of Singapore (MAS) has set up a S$27 million ($20 million) grant to support the country’s financial technology development ecosystem.
Singapore-based Quoine, a financial technology company backed by Japan’s Jafco, has raised $105 million via an initial coin offering (ICO).
Vertex Ventures, the VC arm of Singapore’s Temasek Holdings, has co-led an $8.25 million Series A round for Singapore-based financial technology platform Active.ai.
LexinFintech, a China-based financial technology portal backed by several VC investors, has filed for an IPO on the New York Stock Exchange.
Creador has invested INR2.15 billion ($32.9 million) in Ujjivan Financial Services, the publicly listed holding company for Ujjivan Small Finance Bank.
Bain Capital Private Equity will invest INR68.5 billion ($1.05 billion) in India’s Axis Bank through a combination of equity shares and warrants that – on conversion – will give it a 4.87% stake.
Investment strategies targeted exclusively at the convergence of financial services and technology have become commonplace. As competition picks up, success will depend on adopting skills and a global view
Alibaba Group and the International Finance Corporation (IFC) have led a Series B+ round of funding for Hong Kong financial technology provider WeLab.
KKR and Gaja Capital have led a INR9.8 billion ($151 million) investment in Avendus Capital, an Indian financial services firm owned by KKR.
Sequoia Capital India has led a Series B round for Smartkarma, bringing the Singapore-based financial technology company’s total funding to $21 million.
UK-based fintech company TransferWise has raised a $280 million round led by IVP and Old Mutual Global Investors as part of an expansion in Asia Pacific and Latin America.
MC Payment, a Singapore-based financial technology player with several VC backers, will list on the Singapore Stock Exchange's Catalist board via a reverse takeover of domestic peer Artivision Technologies.
Naspers has agreed to lead a Series D funding round of up to $115 million via its PayU unit to support an international expansion by US financial technology player Remitly, including a push into India.
Yixin, the VC-backed online financing subsidiary of China-focused online automotive portal Bitauto Holdings, has filed for an IPO in Hong Kong.
Jianpu Technology, a wholly-owned subsidiary of Chinese VC-backed independent financial products search and recommendation platform Rong360, has filed for an IPO in the US.
A group of Asian and North American venture investors have backed a $16 million Series B round for Abra, a US financial technology company test marketing blockchain-based services in the Philippines.
Korea’s SparkLabs Group has launched a $100 million early-stage venture capital fund that will focus on blockchain and cryptocurrency investments globally.
Qudian, a VC-backed Chinese micro-lending services provider, closed up 22% on its New York Stock Exchange debut, following a $900 million IPO.
Indian PE-backed non-banking finance company (NBFC) MAS Financial Services gained 30.9% on its trading debut in India after raising INR4.6 billion ($70.9 million) in its IPO last week.
PPDai, a consumer finance marketplace backed by several VC investors, has become the latest Chinese company to try and take advantage of soaring public markets by filing for an IPO in the US.
Amicus Capital Partners has made its maiden investment, committing INR600 million ($9.3 million) to Indian online insurance aggregator RenewBuy.
Indian online financial services portal Policybazaar has raised INR5 billion ($77 million) from a group of investors led by True North, IDG Venture Partners, and US-based Wellington Management.