The International Finance Corporation (IFC), the investment arm of the World Bank, has co-led a $22 million Series C round for Indian online insurance marketplace Coverfox.
Bullishness around Indonesia’s young online economy has been encouraged by a handful of VC-backed homeruns and promising demographics. Achieving scale in new business models remains a sticking point
Softbank Ventures Korea has led a $25 million Series B round for Funding Societies, a Singapore-based financial technology company focused on crowdfunding and peer-to-peer (P2P) lending.
China Reform Holdings Corporation (CRHC), a Chinese state-owned asset manager, has led a RMB1 billion ($159 million) Series C round for 100Credit, a financial technology start-up that uses big data to provide credit services.
TR Capital has completed secondary direct investments in two India-based businesses, microfinance specialist Arohan Financial Services and eyewear chain Lenskart Solutions.
Khailee Ng, a managing partner with 500 Startups in Southeast Asia, discusses the rising demand for start-up exposure in Indonesia, the prospects for the country’s four unicorns, and exit opportunities
Lone Star Funds and the RattanIndia Group will jointly invest INR26 billion ($400 million) to launch a new non-banking financial company (NBFC).
Meiliche Jinrong, the online auto finance unit of Chinese consumer loans site Meili Jinrong, has raised an additional RMB239 million ($37.88 million) for its Series B round.
ChrysCapital has led a INR3.5 billion ($55 million) Series C round for Varthana, an education-focused non-banking finance company (NBFC) based in India.
The International Finance Corporation (IFC) has committed $25 million to a fund that it will co-manage with US-based Victory Park Capital. The fund will improve access to debt capital for financial technology companies in emerging markets, including Asia.
Insight Venture Partners has led an $18 million Series C funding round for US and India-based financial technology company Chargebee.
GTR Ventures, a Singapore-headquartered VC firm launched last September, has made its debut investments in five financial technology companies.
Emerging markets-focused private equity firm Actis has led an $82 million funding round for Indian financial technology company Pine Labs.
Warburg Pincus is set to make another substantial investment in Vietnam, having agreed to inject $370 million into Vietnam Technological & Commercial Joint Stock Bank (Techcombank, TCB).
Japan’s Global Brain has participated in a token sale that raised $30 million for Electrify, a Singaporean electricity marketplace using blockchain technology. The company claims the sale received offers in excess of $1.3 billion.
Soul Htite, executive chairman of China’s Dianrong and a veteran of the US financial services market, contemplates peer-to-peer (P2P) lending opportunities after raising $70 million from Japan’s Orix Asia Capital and CITIC Securities-owned CLSA
India’s demonetization policy has been the principal driver for a surge in financial technology investment in the country, according to research by Accenture and CB Insights.
Chinese financial technology company Wecash has closed a $160 million Series D round led by Orix Asia Capital and Hong Kong-based property investment and development firm SEA Group.
Cerberus Capital Management has agreed to acquire the Australasian division of international financial services company Bluestone Group in an all-cash transaction. It will facilitate an exit for a PE unit of Lloyds Bank.
NAB Ventures, a unit of National Australia Bank (NAB), has joined a A$9 million ($7 million) Series A funding round for BrickX, a domestic financial technology start-up focused on the real estate sector.
Indostar Capital Finance (ICF), an Indian non-banking finance company (NBFC) backed by Everstone Capital and other PE investors, has filed for an IPO.
Fullerton Financial Holdings has led an $87 million Series C round for Indian financial technology platform Lendingkart.
Japanese financial technology company WealthNavi has raised JPY4.5 billion ($41.3 million) through a combination of domestic venture capital funding and loans from financial institutions.
Ping An Insurance Group has raised $2.2 billion in private equity funding for its three technology businesses: Ping An Good Doctor, Ping An Healthcare Management, and OneConnect Financial Technology.