Qiancheng Technology, a Chinese financial technology company that provides micro-lending services, has raised a RMB200 million ($30 million) Series B round of funding from existing investors Tiantu Capital and U51.com, a VC-backed credit card management...
RentoMojo, an Indian financial technology company that facilitates rentals of furniture and other household items, has raised a $10 million Series B round led by Bain Capital Ventures and fintech entrepreneur Renaud Laplanche.
The Carlyle Group and State Bank of India (SBI) have agreed to buy SBI Card, India’s second-largest credit card franchise, from GE Capital – the latest in a string of private equity transactions in Asia arising from General Electric’s decision to...
IDG Ventures India and Jungle Ventures have jointly invested $4 million in a Series A funding round for Indian financial services company Vayana Network.
PAG Capital Asia has agreed to invest approximately RMB2 billion ($296 million) in a Hong Kong unit of Czech-based consumer loans company Home Credit Group, with a view to supporting the company's expansion in China.
Southeast Asia’s traditional banks have begun to take a strong interest in the financial technology environment, but their early-stage involvement in the ecosystem is still tentative
Indian payments technology service Innoviti Embedded Solutions has raised a INR1.2 billion ($18.6 million) funding round led by SBI-FMO Fund.
Cambodia, Laos and Myanmar are among the last frontier markets in Asia but well positioned to benefit from accelerating interest in the ASEAN region. Private equity success will require a nimble approach
The International Finance Corporation (IFC) has led a number of venture capital firms in a $50 million Series B funding round for Hong Kong-based financial comparison platform CompareAsiaGroup.
Omise, a Thailand-based financial technology company backed by a number of venture capital firms, has raised $25 million and acquired Paysbuy, a fintech subsidiary of domestic telecom player Dtac.
PAG Asia Capital and Primavera Capital have led a Series C round of funding worth $118 million for Dashu Finance, which provides outsourced credit services to banks looking to participate in the small loans space.
Several venture capital firms have backed a $26 million investment in Funfair, a Singapore-based company that uses blockchain technology to operate an online cryptocurrency casino.
KKR Credit Advisors (KCA) has made a A$655 million ($499 million) offer for Australian mortgage lender and distressed debt servicer Pepper Group.
GSR Ventures has led a $13 million Series B funding round for Singapore-based financial technology start-up InstaRem.
Premji Invest, the family office of Wipro chairman Azim Premji, has invested INR7 billion ($109 million) in Aditya Birla Capital (ABCL), the financial services arm of the Aditya Birla Group.
UTC Investment, a private equity firm backed by South Korean food producer Daesang Corporation, has finalized its acquisition of a 65% stake in VNPT ePay, the electronic payment arm of Vietnam’s VMG Media.
Emerging Markets Investment Advisors is backing iCare Benefits to develop workable credit schemes for low-income consumers in Southeast Asia through partnerships with employers and product suppliers
Sequoia Capital India has led an $18 million Series C funding round for Mumbai-based payment security system company OneAssist.
Indian mobile point-of-service (POS) developer Mswipe has raised a $31 million funding round led by RNT Capital Advisors, with participation by existing investors Matrix Capital Partners, Falcon Edge Capital and DSG Consumer Partners.
Expara Thailand and Premier Advisory Group have been appointed to manage two funds with a combined corpus of $44 million that are intended to push forward the country's financial technology agenda
Emerging Markets Investment Advisers (EMIA) has acquired a significant minority stake in the Cambodia division of iCare Benefits, a Singapore-based company that provides employers with worker benefit programs.
The Overseas Private Investment Corporation (OPIC), a development finance institution (DFI) backed by the US government, has approved $195 million for investments in India and Indonesia.
Sequoia Capital India has led a $9 million Series A round for domestic financial technology start-up MoneyTap.
Tencent Holdings has re-upped in Futu Securities International, leading a $145.5 million Series C round for the Hong Kong-registered cross-border stock trading platform.