Australia’s Westpac Banking Corp has committed A$50 million ($37 million) to the third fund of its venture capital unit Reinventure.
Like its predecessors, Fund III will focus on financial and blockchain technologies related to the disruption of the banking industry. According to a statement, it will be structured as both a VC fund...
The Asian Development Bank (ADB) has agreed to invest $25 million in Exacta Asia Investment II (Exacta II), a Southeast Asia-focused vehicle launched last year by Japan’s Mizuho Bank.
Bcause, a US-based cryptocurrency services company backed by SBI Holdings has received a commitment of undisclosed size from China Health Checkmate (CHC) to support an Asian expansion.
Wukongbao, a Beijing-based online insurance broker, has raised millions of US dollars in a Series B round led by Chinese classifieds platform 58.com, with participation from Guohua Life Insurance.