Singapore-based venture capital firm DMP has led a $3 million Series A round for Malaysian financial technology start-up Jirnexu.
Australia-based financial technology company Data Republic has received $10.5 million ($7.6 million) in funding from National Australia Bank (NAB), Westpac and Qantas.
The International Finance Corporation (IFC), the investment arm of the World Bank, has committed up to INR1.4 billion ($20 million) to Indian microfinance institution (MFI) Grameen Koota.
Chicago-based Creation Investments Capital Management has led a $25 million Series B round for Indian small and medium-sized enterprise (SME)-focused non-banking finance company (NBFC) Capital Float.
Singapore mobile technology company Tagit has secured S$12 million ($8.8 million) for an international expansion effort from SRA Group, a Japanese IT systems developer and operator.
Momentum is building among India’s non-banking finance companies, and PE, government and regulators see promise in the power to reach untapped markets. Success will require the support of all three parties
The International Finance Corporation (IFC), the investment arm of the World Bank, will commit up to INR2.7 billion ($40 million) to Indian home finance-focused non-banking financial company (NBFC) Repco Home Finance.
India-based mobile wallet developer Mobikwik has raised $50 million in a Series C round of funding led by Japanese internet company GMO, Taiwan-based semiconductor manufacturer MediaTek, and existing backer Sequoia Capital.
Indian financial services provider Religare Enterprises has sold its stake in Landmark Partners, a US private equity firm specializing in secondary funds.
Morgan Stanley Private Equity Asia (MSPEA) secured a 4.5x return on its partial exit from Hong Kong-based financial advisor AMTD when China Minsheng International and LR Capital Group took a majority interest in the business.
Ant Financial, Alibaba Group’s online financial services affiliate, has completed a $4.5 billion Series B round of funding, said to be the largest-ever fundraise by a private internet company globally.
IDFC Asset Management and consumer electronics manufacturer Micromax Informatics have led a INR1 billion ($15 million) Series C round for Indian digital payments developer TranServ.
The International Finance Corporation (IFC), the investment arm of the World Bank, has formed a $1 billion partnership with Apollo Global Management to invest in distressed assets in emerging markets.
Supported by Kaizen and Zephyr Peacock India, non-banking finance company Varthana wants to provide funding to Indian schools that would otherwise go without
TPG Capital has led a $150 million round of funding for Indian microfinance lender Janalakshmi Financial Services.
Religare Enterprises has sold its majority stake in Northgate Capital, a fund-of-funds and direct investment group, to US-based asset manager The Capital Partnership.
UOB Venture Management (UOBVM) will launch a Chongqing-based private equity fund of up to RMB100 billion ($15.4 billion) that will invest in companies addressing the China and Singapore markets.
Indian education-focused non-banking finance company (NBFC) Varthana has raised INR930 million ($14 million) in Series B funding, led by new investors Kaizen Private Equity and Zephyr Peacock India.
Licaifan, a Chinese online finance platform, has raised a RMB330 million ($51 million) Series C round of funding from domestic investor Yingda Investment.
China’s Huatai Securities has agreed to purchase financial consultancy group AssetMark for $780 million from US-based PE firms Aquiline Capital Partners and Genstar Capital.
Korea's NHN Entertainment seeks payment synergies with PE-backed e-commerce marketplace Ticket Monster
China Growth Capital has led an extended RMB217 million ($34 million) Series A round for Chedai.com, a Chinese automobile financial lending platform.
CompareAsiaGroup, an online financial comparison platform that last year received a $40 million round led by Goldman Sachs, has appointed former KKR executive Sam Allen as its CEO.
JD Finance, the financial subsidiary of Chinese online retailer JD.com, has invested an undisclosed sum in Meili Jinrong, a peer-to-peer (P2P) online lending platform with a focus on consumer finance. Both companies are backed by several VC investors.