Financials
Hong Kong's Animoca Brands raises $65m at $2.2b valuation
Hong Kong non-fungible token (NFT) company Animoca Brands has raised $65 million from a group featuring Sequoia Capital China, more than doubling its pre-money valuation since May to $2.2 billion.
India's Cred raises $251m at $4b valuation
Indian credit card rewards company Cred has raised a $251 million Series E round led by Tiger Global Management and Falcon Edge Capital at a post-money valuation of $4 billion.
India digital banking player Open raises $100m
Temasek Holdings has led a $100 million Series C round for Indian online banking company Open Financial Technologies with support from Google.
Deal focus: Digital brokerage Ajaib finds the right fit
Ajaib grew from nothing to become Indonesia’s fifth-largest stockbroker by volume in the space of six months. The newly appointed unicorn is now raising capital just as quickly
Norwest, Kedaara lead $59m round for India NBFC
Norwest Venture Partners and Kedaara Capital have led a INR4.4 billion ($58.6 million) Series F round for Indian non-banking finance company (NBFC) Veritas Finance.
East, Vulcan lead $15m Series A for Singapore's Qapita
Qapita, a Singapore-based provider of software used by start-ups to manage cap tables and employee stock ownership plans (ESOP), has raised $15 million in Series A funding.
India's Coinswitch Kuber raises $260m
Indian crypto exchange Coinswitch Kuber is claiming to be the largest app of its kind locally following a $260 million Series C round featuring Andreessen Horowitz at a $1.9 billion valuation.
Indonesia fintech start-up Ajaib achieves unicorn status
Ajaib, an online stock-trading platform in Indonesia, has raised $153 million in a Series B funding round led by DST Global at a valuation of $1 billion.
Ribbit Capital backs Indonesia's Bank Jago
Global financial technology investor Ribbit Capital has thrown its weight behind Bank Jago, an Indonesia-based digital lender established by local private equity firm Northstar Group.
Singapore's Incomlend gets $60m for SME ESG financing program
Singapore’s Incomlend, a financial technology provider for small to medium-sized enterprises (SMEs) has raised $60 million for an environmental, social, and governance (ESG) financing program.
Vietnam NFT start-up Axie Infinity raises $152m
Andreessen Horowitz has led a $152 million Series B round for Vietnam-based non-fungible token (NFT) gaming start-up Axie Infinity, also known as Sky Mavis.
TPG, Potentia pursue Australia's Smartgroup
TPG Capital and Potentia Capital have submitted a buyout offer for employee management services provider Smartgroup that values the Australia-listed business at a market capitalization of A$1.38 billon ($993 million).
Thailand’s Ascend Money raises $150m
Bangkok-based Ascend Money has raised $150 million from a group of investors including Ant Group, at a valuation of $1.5 billion. It claims to be Thailand’s first financial technology unicorn.
Lightrock leads round for India BNPL player Capital Float
Capital Float, an Indian lending platform now positioning itself as a buy now, pay later (BNPL) specialist, has raised $50 million led by the local unit of UK-based private equity investor Lightrock.
Singapore online banking player Aspire raises $158m
Singapore-based online banking platform Aspire has raised a $158 million Series B round with support from the likes of B Capital Group.
Australia insurtech provider Cover Genius secures $72m Series C
Japanese insurance giant Sompo Holdings has led a A$100 million ($72 million) Series C round for Australian insurance technology provider Cover Genius.
Deal focus: Southeast Asia’s four-trick credit pony
Advance Intelligence Group has used its core risk assessment technology to expand into lending and e-commerce transaction finance and services. Membership of Southeast Asia’s unicorn club is its reward
PAG backs China AI investment management start-up
PAG has led a $100 million round for DataYes, a China-based provider of artificial intelligence-enabled investment management solutions for the financial services industry.
Asia crypto asset management platform raises $40m
Cobo, a Singapore-based crypto asset management platform and blockchain infrastructure provider, has secured a $40 million Series B round led by DST Global, A&T Capital, and IMO Ventures.
Pacific Century’s insurtech business extends Series A to $210m
Pacific Century Group’s insurance technology business, Bolttech, has extended a recent $180 million Series A round to $210 million in total.
SoftBank, Warburg Pincus back Singapore's Advanced Intelligence
Advance Intelligence Group, a Singapore start-up best known for digital identity verification and fraud prevention platform Advance.AI and buy now, pay later (BNPL) business Atome, has raised over $400 million in Series D funding.
Hong Kong’s Airwallex raises $200m at $4b valuation
Hong Kong-based Airwallex has raised a $200 million Series E round led by Lone Pine Capital at a valuation of $4 billion. A $300 million Series D in March valued the company at $2.6 billion.
D1 Capital leads $138m round for China's Xtransfer
XTransfer, a China-based cross-border payment services provider, has raised $138 million in Series D funding led by US-based D1 Capital Partners. Existing investors also took part in the round.
Invesco commits $100m to India's Pine Labs
Invesco has announced a $100 million commitment to Indian financial technology provider Pine Labs. It comes two months after the company closed a $600 million pre-IPO round.
