Singapore’s GIC Private and Sequoia Capital China have invested a combined $40 million in Korean financial technology company Viva Republica.
CapitalG, the investment arm of Google's parent company Alphabet, has led a INR1.5 billion ($21.8 million) Series C round for Aye Finance, an Indian microfinance institution (MFI) focused on small businesses.
The Oman India Joint Investment Fund (OIJIF), an India-focused GP sponsored by the governments of India and Oman, has invested INR 1.6 billion ($23 million) in microlender Annapurna Microfinance (AMPL).
Ant Financial, Alibaba Group’s financial services affiliate, has raised $14 billion in Series C funding from investors including GIC Private, Warburg Pincus, The Carlyle Group, Silver Lake, and Canada Pension Plan Investment Board (CPPIB).
Prospa, an Australian financial technology company backed by a number of local VCs, has raised A$146.5 million ($112 million) in a domestic IPO. Trading of the stock has been postponed, however, amid a regulatory review.
Hong Kong-based VC firm Mandra Capital and Sina Corporation have led a $103 million funding round for Chinese financial technology platform Pintec.
Apis Partners is targeting $400 million for its second middle-market growth fund focused on financial services and technology investments in emerging markets, with a $500 million hard cap.
Warburg Pincus has agreed to acquire a 26% interest in IndiaFirst Life Insurance from UK-based Legal & General Group for INR7.1 billion ($106 million).
Temasek Holdings and PayPal have invested $125 million in Pine Labs, an Indian financial technology company backed by Actis Capital, Sequoia Capital India and Madison India Capital.
Gumi, a Japanese mobile game publisher backed by a number of VCs, has secured $30 million for a venture capital fund that will invest in blockchain and cryptocurrency start-ups.
Actis Capital has launched an Indian non-banking finance company (NBFC) in which it will invest up to $220 million over the next five years.
East Ventures, a VC firm focused on Japan and Southeast Asia, has joined a $32 million initial coin offering (ICO) for Switzerland-based bitcoin wallet operator BRD.
Amazon has led a $12 million funding round for Acko, an Indian online insurance broker that is backed by the likes of SAIF Partners and Accel Partners.
Hong Kong-based Arbor Ventures has received $178.5 million in commitments for its second financial technology-focused venture capital fund. The targeted corpus is $220 million.
Indonesia-based Alpha JWC Ventures has agreed to invest up to $5 million in PayPal’s financial technology start-up incubation program for Southeast Asia.
Malaysia-based financial technology start-up Jirnexu has received an $11 million Series B funding round led by Japan’s SBI Group.
Australia’s Westpac Banking Corp has committed A$50 million ($37 million) to the third fund of its venture capital unit Reinventure.
Vietnam’s consumer economy is attracting a wider range of investors as deal sizes inflate and new openings emerge in a winding value chain. Private equity is positioned to exploit several vantage points
True North has agreed to buy a 26% stake in Fedbank Financial Services (Fedfina), a non-banking financial company (NBFC) controlled by India’s Federal Bank.
Shenma Finance, an online platform that provides vehicle financing to China’s rural population, has received RMB300 million ($47.2 million) in Series C funding led by domestic financial technology player Tongbanjie Group, China Growth Capital, and Hina...
Indian VC firm Unitus Ventures (formerly Unitus Seed Fund) has reached a first close of INR1 billion ($15 million) for its second early-stage impact investment fund.
TPG Capital and The Carlyle Group have led a $1.9 billion funding round for Chinese search giant Baidu’s financial services unit, which is being spun out as Du Xiao Man.
Vietnam Technological & Commercial Joint Stock Bank (Techcombank, TCB), a private-sector lender backed by Warburg Pincus, has raised VND21 trillion ($922 million) in the country’s biggest IPO to date.
TR Capital takes secondary stakes in Indian eyewear chain Lenskart and microfinance specialist Arohan Financial Services