International Finance Corporation (IFC), the private sector investment arm of the World Bank Group, will set up a $100 million debt fund to meet the funding needs of microfinance institutions in emerging economies.
The fund, named Micro Finance Initiative for Asia (MIFA), will be funded by IFC, KfW and the German Federal Ministry for Economic Cooperation and Development, according to VCCircle. The final decision...
Generation Asia Acquisition, a special purpose acquisition company (SPAC) sponsored by Roy Kuan, formerly Asia managing partner at CVC Capital Partners, has raised USD 200m through a US offering.
India’s M2P Fintech, a software provider that connects banking infrastructure to consumer-facing technology platforms, has raised USD 56m in Series C funding led by Insight Partners.
BRV Capital Management has led a KRW 170bn (USD 140m) Series C round for Green Labs, a Korea-based agricultural technology start-up seeking to digitalise the food production value chain.
Shoplazza, a China-based software-as-a-service (SaaS) provider specialising in cross-border e-commerce, has raised USD 150m in the first tranche of Series C led by SoftBank Vision Fund II.