Pacific Century Group’s insurance technology business, Bolttech, has extended a recent $180 million Series A round to $210 million in total.
Warburg Pincus has led a RMB600 million ($93 million) Series B round for Hangzhou-based enterprise software company Terminus.
As a first mover in Bangladesh’s B2B e-commerce space, ShopUp moved quickly into services, logistics, and finance. This inadvertent super app now has $75 million in Series B funding to show for its efforts
Square Peg Capital has led a $55 million Series B round for Indonesian micro-savings and micro-investment app Pluang.
Valar Ventures, a firm set up by PayPal co-founder and early Facebook investor Peter Thiel, has led a $75 million Series B round for Bangladeshi B2B platform ShopUp.
Guangzhou-based cross-border fashion brand Cider has raised a $130 million Series B round led by DST Global with support from Greenoaks Capital and Andreessen Horowitz.
AppsForBharat aims to be the first mobile player to create a product that sticks in the hard-to-monetize spirituality services space. Sequoia Capital India and Matrix Partners India are among the faithful
Thailand-based insurance technology start-up Sunday has received $45 million in Series B funding from a group of investors including Tencent Holdings.
KKR has led a $45 million Series B funding round for KiotViet, a sales management software developer that serves Vietnam’s micro, small and medium-sized enterprise (MSME) community.
A group of Chinese investors including Sky9 Capital, Ince Capital, and Draper Dragon have joined a $10 million round for non-fungible token (NFT) marketplace Cybertino Lab.
WestBridge Capital has led a $23 million Series B round for India’s Skit, a voice recognition artificial intelligence (AI) supplier for the call center industry.
Thailand’s Bank of Ayudhya has joined a $41 million Series B round for local cryptocurrency exchange operator Zipmex.
New Zealand venture capital firm Movac has led a $31 million Series B round for Australian insurance technology provider Open.
EmergeVest has made a seed investment in Lucy, a Singapore-based neobank that focuses on home-based micro-entrepreneurs and Southeast Asia’s legions of foreign domestic workers
Zeekr, the electric vehicle (EV) business of Chinese carmaker Geely, has raised $500 million in a pre-Series A round from Intel Capital, Boyu Capital, battery manufacturer CATL, Cathay Fortune Corporation, and online entertainment platform Bilibili.
Xiaoke, a China-based provider of customer relationship management (CRM) software, has raised $55 million in a Series A funding round from Hong Kong-listed Weimob, Sequoia Capital China, Welight Capital, and Creo Capital.
Lilly Asia Ventures (LAV) has led a $50 million Series B round for Lynk Pharmaceuticals, a China-based drug developer that focuses on small-molecule treatments for autoimmune disease, inflammation, and cancer.
Online B2B marketplace Bazaar has completed what it claims is Pakistan’s largest-ever Series A round with a $30 million commitment led by Wavemaker Partners and US-based Defy Partners.
CDIB Capital Group has led a $17 million pre-Series A round for Xrex, a Taiwan-based financial technology player that uses blockchain to facilitate cross-border payments by small and medium-sized enterprises (SMEs).
Blackbird Ventures has led a $25 million Series B funding round for Forage, an Australia-founded but now US-based provider of virtual training courses aimed at students.
Airlift, a Pakistani last-mile delivery app, has raised an $85 million Series B round in what is being called the largest-ever start-up investment in Pakistan and the Middle East and North Africa region.
Suzhou Abogen Biosciences, a Chinese vaccine developer targeting COVID-19, has raised $700 million in Series C funding featuring Temasek Holdings, Loyal Valley Capital, and Lilly Asia Ventures.
Expansion is the dominant theme in financial technology as start-ups leverage existing assets to enter new verticals, typically in lending. Which ones will become Asia’s preeminent platforms?
Banks across Asia are leveraging their capital and domain expertise to stay ahead of the curve on financial technology. Each aspect of the corporate VC ecosystem engages with start-ups in different ways