Australia and US-based Xpansiv CBL, a VC-backed marketplace for clean commodities such as carbon offsets and renewable fuels, has raised $40 million with plans to list in Sydney this year.
Korea’s Hanwha Asset Management has led a $300 million Series A round for the financial services unit of Singapore-based ride-hailing and services platform Grab.
MoMo, a Vietnam-based mobile wallet provider, has closed a Series D round of more than $100 million led by Goodwater Capital and Warburg Pincus.
Horizons Ventures, which is controlled by Hong Kong billionaire Li Ka-shing, and Indonesia’s Alpha JWC Ventures have led a $25 million Series A round for Indonesian investment platform Ajaib.
Bow Wave Capital Management, a US-based private equity investor in mobile payment ecosystems globally, has participated in a $175 million round for Philippines-based mobile wallet GCash.
Japan’s J-Star has confirmed trade sale exits of healthcare coverage specialist NHS Insurance and fire safety equipment supplier Yokoi Manufacturing.
Peter Thiel (pictured), co-founder of PayPal, Palantir Technologies and Founders Fund, and Richard Li, son of Hong Kong billionaire Li Ka-shing, are launching another special purpose acquisition vehicle (SPAC) that will target new economy assets in Southeast...
Sequoia Capital India has led a $30 million investment in Bibit, an Indonesian robo-advisory app for first-time investors.
GoBear, a Singaporean financial technology start-up that received VC backing as recently as May, will cease operations and begin a phased closure of the business, citing pandemic-related disruption.
Sequoia Capital India has joined an $81 million Series C round for India’s Cred, a credit card rewards start-up also known as Dreamplug Technologies.
Apax Partners has agreed to acquire the software products business of Indian IT provider 3i Infotech for INR10 billion ($136.6 million). It will be renamed Azentio Software.
Japanese financial technology start-up WealthNavi gained 100% on its trading debut following a JPY17.9 billion ($172.9 million) IPO that facilitated partial exits for Gree Ventures, Infinity Venture Partners, and Global Brain.
Grok Ventures, an investment firm set up by Atlassian co-founder Mike Cannon-Brookes, has led a A$100 million ($73 million) round for Australian household solar energy financier Brighte.
SoftBank Ventures Asia has joined a $60 million Series B round for Korean payments technology start-up Chai.
Snowball Finance, a Chinese online financial information platform with wealth management ambitions, has raised $120 million Series E from Orchid Asia.
PhonePe, the digital payments platform of Indian e-commerce marketplace Flipkart, has been spun out as a stand-alone entity and raised $700 million in funding at a post-money valuation of $5.5 billion.
Apis Partners' support of India-based Cashfree is driven by a recognition that the democratization of digital payments is as much about empowering traditional merchants as unbanked consumers
Apis Partners has invested $35 million in Indian digital payments services provider Cashfree as part of a Series B round also featuring Smilegate Investment and Y Combinator.
Indian financial technology provider True Balance has raised a $28 million Series D round from a group including SoftBank Ventures Asia.
Coherent, a Hong Kong-based insurance technology company, has raised a $14 million Series A round led by Cathay Innovation, with participation from Franklin Templeton.
Singapore-based ride-hailing and local services platform Grab has led a $100 million Series B round for Indonesian e-wallet services provider LinkAja.
Private equity-backed Ant Group’s bumper IPO in Hong Kong and Shanghai has been put on hold by Chinese regulators over a potential failure to meet listing qualifications or disclosure requirements.
Online lending and wealth management platform Lufax raised $2.36 billion in the largest US IPO by a PE-backed Chinese company so far this year but endured a difficult first day of trading.
Ares Management has submitted a non-binding offer of around A$6.4 billion ($4.5 billion) to acquire Australia’s AMP, continuing the recent private equity push into the country’s wealth management industry.