Airwallex recently became Australia's newest unicorn following a $100 million Series C round, but the company's growth is largely based on an understanding of Chinese demand. Regional expansion is now the priority
Liquid.com, a Singapore-based cryptocurrency trading platform, has passed the $1 billion valuation mark with the first close of a Series C round led by IDG Capital.
General Atlantic and Värde Partners have invested INR18.5 billion ($267 million) in PNB Housing Finance, the publicly listed mortgage subsidiary of India’s Punjab National Bank (PNB).
Vertex Ventures leads a $41 million investment in Singapore's InstaRem to grow its global digital payments infrastructure
Finova Capital, an Indian non-banking finance company (NBFC) targeting rural small businesses, has raised $15 million from Faering Capital and Sequoia Capital India.
IIFL Asset Management (IIFL AMC) and Affirma Capital, a spin-out of Standard Chartered Private Equity (SCPE), have invested INR9.1 billion ($131.9 million) in Indian non-banking finance company (NBFC) Northern Arc Capital.
Bitmain, a private equity-backed Chinese business that manufactures chips for Bitcoin mining, has allowed its application for a Hong Kong IPO to lapse.
Australian financial technology company Airwallex has received a $100 million Series C round led by DST Global at a valuation of more than $1 billion.
Up Fintech, an online brokerage firm focused on global Chinese investors that operates in Asia as Tiger Brokers, gained more than 36% in its first day of trading on NASDAQ after raising $104 million in its IPO.
Indian cloud-based payments platform operator Pine Labs has agreed to pay $110 million for Qwikcilver, a gift card technology provider backed by several VC and strategic investors including Accel Partners, Helion Venture Partners, Amazon, and Sistema...
Singapore-based digital payments service provider InstaRem has closed its Series C round with $41 million from a group of investors including Vertex Growth Fund and South Korea’s Atinum Investment.
Tookitaki, a Singaporean technology provider that helps institutions develop regulatory compliance programs, has raised a $7.5 million Series A from a group of investors including Jungle Ventures.
Warburg Pincus has agreed to acquire an 80% stake in Avanse Financial Services, an India-based non-banking finance company (NBFC) focused on education.
Vietnam’s VinaCapital has made investments of undisclosed size in two local start-ups - financial technology provider Wee Digital and marketing services player UrBox.
Acko General Insurance, an Indian online insurance broker with several VC and strategic backers, has raised $65 million from a group of new and existing investors.
Lufax, a Chinese online lending and wealth management platform established by Ping An Insurance, has achieved a post-money valuation of $39.4 billion with the completion of the Series C funding round. It comes after the company was said to have postponed...
GPs expect a wave of non-performing loan sales in China as the slowing economy leaves banks with more bad debts to resolve, but could the distress investment opportunity be even broader than they envisage?
Singapore-based digital health start-up CXA Group has raised $25 million in funding from a string of strategic backers, including HSBC and the Asia investment arms of Singtel and Sumitomo Corporation.
Omidyar Network, a global impact investment firm launched by eBay founder Pierre Omidyar that is an active investor in Asia, has spun out its financial technology division into a new VC firm called Flourish Ventures.
Quona Capital has led a INR900 million ($12.8 million) investment in Indian microlending platform operator SMECorner.
True North realizes a two-year goal with the acquisition of a controlling stake in Indian health insurance provider Max Bupa
Leveraging the online and offline infrastructure of its parent’s P2P lending platform, CreditEase Wealth Management has built a channel for Chinese high net worth money to enter private equity
Caisse de dépôt et placement du Québec (CDPQ) has agreed to invest INR18 billion ($255 million) in ECL Finance, a non-banking finance company (NBFC) owned by India’s Edelweiss Group.
The Carlyle Group has acquired a 9% stake in India-listed life insurance company SBI Life for INR46.4 billion ($653 million).