Ant Financial, the online finance affiliate of China's Alibaba Group, has joined a consortium of investors supporting the establishment of Xinmei Mutual Life Insurance Agency.
IDG Capital Partners has led a $60 million financing round for Circle, a US-based financial technology start-up seeking to build a blockchain-supported peer-to-peer payments system business in China.
Singapore government-backed investment group Temasek has raised $510 million through its issuance of bonds backed by 34 private equity funds.
Creador has exited the remainder of its stake in India-based non-banking finance company Cholamandalam Investment and Finance (CIF) for INR2.2 billion ($32.5 million).
Jafco has led a $20 million Series A financing round for Quoine, a Singapore-based bitcoin trading platform.
TPG Capital’s growth unit has agreed to buy a 40% stake in One Network Bank (ONB), the rural subsidiary of mainstream Philippines lender BDO. Financial terms were not disclosed.
SAIF Partners has led a $12 million Series A round for Indian online tax filing website ClearTax.
Indian venture capital firm Lok Capital has reached a first close of $40.5 million for its third fund, which is targeting a $100 million total corpus within 12-18 months.
Fenqile, a Chinese installment payment platform, has received $235 million from investors including Huasheng Capital, CoBuilder Partners and an unnamed Chinese insurance company.
IBM has launched an accelerator in Singapore that will help Asia Pacific start-ups commercialize blockchain technology and the cognitive computing system known as Watson.
Intellegrow Finance, a non-banking financial company (NBFC) and venture debt lender that targets small and growing businesses in India, has raised INR1.34 billion ($20 million) from investors including existing backer Omidyar Network.
India's Foreign Investment Promotion Board (FIPB) has rejected BNC Paribas' proposed acquisition of PE-backed retail brokerage Sharekhan.
A unit of Singapore government-backed investment group Temasek has issued $504 million in bonds backed by 34 private equity funds.
The International Finance Corporation (IFC), the investment arm of the World Bank, will invest up to $50 million in Indian microfinance institution (MFI) Janalakshmi Financial Services.
Data Republic has attracted Series A funding from some of Australia’s biggest companies, with a notable showing by the major banks demonstrating a growing focus on data security investment in the financial sector
The Blackstone Group’s tactical opportunities division has made a NZ$200 million ($134.5 million) investment in New Zealand insurance provider Partners Life.
Singapore-based mobile gaming platform developer Cloud Alliance has raised $5 million in Series A funding from Aetius Capital.
VC-backed companies in Asia led a worldwide surge of investments in financial technology companies in the first quarter of 2016, according to a new report from KPMG and CB Insights (CBI).
Kyobo Life Insurance, Korea’s third-largest insurer, has entered the bidding process for MBK Partners-owned ING Life Korea.
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.