Financials
EDBI backs US cybersecurity player's Asia push
EDBI, the investment arm of Singapore’s Economic Development Board, has invested in Vesta, a US-based fraud and payment technology start-up with ambitions to expand into Asia.
WI Harper backs Hong Kong financial services player
WI Harper Group has led a $20 million Series B round for Hong Kong financial services provider EMQ.
Eurazeo backs UK, Singapore-based Thought Machine
Eurazeo Growth, a joint venture between French GPs Eurazeo and Idinvest Partners, has joined a $125 million Series B round for UK and Singapore financial technology player Thought Machine.
Australia's Square Peg backs Singapore wealth manager
Australian VC firm Square Peg Capital has led a $16 million Series C round for StashAway, a Singapore-based digital financial services provider focused on retail wealth management.
India payments player Pine Labs invests Malaysia’s Fave
Pine Labs, an Indian payments start-up backed by MasterCard, PayPal, and Sequoia Capital India, has invested Fave, a Malaysian e-commerce platform also supported by Sequoia.
TA Associates invests in Indian stock exchange
TA Associates has invested an undisclosed sum in the National Stock Exchange of India (NSE).
CapitalG leads $27.5m Series E for Indian NBFC
CapitalG, Google’s corporate venture arm that focuses on growth equity investments, has led an INR2.1 billion ($27.5 million) funding round for Indian non-bank lender Aye Finance.
Asia lending start-ups: Bump in the road
Digital lenders in emerging markets need to survive a tricky year under the shadow of potential defaults, but the survivors might become significant players in a renewed financial landscape
SCB 10X, Sparx lead $80m round for Thai fintech player
Thailand-based financial technology provider Synqa, formerly known as Omise, has raised an $80 million Series C round led by local VC firm SCB 10X and Japan’s Sparx Group.
Carlyle invests $198m in Korea's KB Financial
The Carlyle Group has invested KRW240 billion ($198 million) in KB Financial Group and agreed to work with the Korean company on investment opportunities and structuring and financing its deals in the country.
Sequoia joins $21m Series A for Philippines digital bank
Sequoia Capital India and US-based Point72 Ventures have led a $21 million Series A round for Tonik, a Singapore-based digital bank launching initial operations in the Philippines.
VC-backed Ayannah merges with India's ECAPS
Philippines financial services player Ayannah, which is backed by Golden Gate Ventures, has merged with India’s Electronic Cash and Payment Solutions (ECAPS).
Temasek-owned Fullerton India gets parent funding
Fullerton India Credit (FICC), an Indian non-banking financial company (NBFC) owned by Singapore's Temasek Holdings, has raised INR7.5 billion ($100 million) in funding from its parent.
Warburg Pincus raises stake in Asia real assets fund manager
Warburg Pincus has agreed to increase its ownership of ARA Asset Management – an Asia Pacific real assets fund manager that was privatized in 2016 – as China’s AVIC Trust exited the business.
IAG invests in Australia agtech player
Insurance Australia Group (IAG) has made an investment of undisclosed size in local start-up Digital Agriculture Services (DAS) via its VC unit Firemark Ventures.
Deal focus: Validus takes holistic approach to SME financing
Singapore peer-to-peer lender employs algorithm-based credit assessment tools and an unorthodox approach to origination as it seeks to address inefficiencies in Southeast Asian supply chain finance
Deal focus: KKR’s Colonial First State breakthrough
Divestments of non-core assets by Australia's big four banks are keenly tracked by strategic players and financial sponsors. KKR's investment in Colonial First State represents the first PE deal of this nature
TA backs Australia's Honan Insurance
TA Associates has confirmed a growth investment of undisclosed size in Australian corporate insurance provider Honan Insurance.
KKR to buy majority stake in Australia's Colonial First State
KKR will buy a 55% stake in Colonial First State (CFS), the wealth management arm of Commonwealth Bank of Australia (CBA), in a deal that values the business at A$3.3 billion ($2.1 billion).
Australia SME lender Judo raises $147m
Judo Bank, a PE-backed start-up that provides loans to Australian small and medium-sized enterprises (SME), has raised A$230 million ($147 million) from existing investors.
Warburg Pincus invests $26.7m in IDFC First Bank
Warburg Pincus has invested INR2 billion( $26.7 million) in IDFC First Bank as part of an INR20 billion capital raise by the Indian lender.
Go-Jek completes acquisition of VC-backed Moka
Indonesia’s Go-Jek has completed its acquisition of Moka, a local financial technology provider with several VC backers, in a deal estimated to be worth $130 million.
Coronavirus thwarts PE partial exit from Indonesia's BFI Finance
Italian lender Compass Banca has abandoned its purchase of a 19.9% stake in Indonesia’s BFI Finance from TPG Capital and Northstar Group, citing economic disruption created by the coronavirus outbreak.
Indonesian insurtech player Qoala raises $13.5m Series A
Qoala, an insurance technology start-up in Indonesia, has raised $13.5 million in a Series A round led by Centauri Fund, a vehicle jointly run by KB Investment and MDI Ventures.
