KKR has committed an additional $150 million in funding to its India-based non-banking financial company (NBFC), citing strong growth prospects for credit investment in the country.
Fajr Capital, a Dubai-based private equity firm that makes investments in the Middle East and Southeast Asia, has exited its position in Bank Islam Brunei Darussalam (BIBD).
Southeast Asia-focused Openspace Ventures has made its first investment in Thailand, co-leading a $10 million Series B round for financial technology player Finnomena alongside China’s Gobi Ventures.
Cento Ventures picked 2C2P as the first investment under its late-stage strategy, having been one over by the company's B2B approach to digital payments
Tiger Global Management has led a $26 million Series B round for Indian B2B financing platform provider KredX.
WeLab, a Hong Kong financial technology start-up that abandoned plans for an IPO approximately 12 months ago, has raised $156 million in a new private funding round.
Apis Partners has closed its second emerging markets-focused financial services and technology fund at the revised hard cap of $563 million. The initial target was $400 million.
Australian insurance broker network AUB Group has terminated its agreement to acquire Pemba Capital Partners’ 49% stake in Coverforce Holdings, a transaction that was opposed by the company’s founder.
The Carlyle Group is bidding to acquire Pioneer Credit, a listed financial services provider specializing in consumer debt collection in the Australia and New Zealand markets, for an enterprise valuation of approximately A$288 million ($197 million).
China’s Ping An Insurance has led a $70 million Series D round for Indian online auto marketplace CarDekho. It is Ping An’s first venture investment in the country.
Singapore-based financial technology provider FinAccel has raised a $90 million Series C round led by Australia’s Square Peg Capital and Korean investors Mirae Asset Capital and Naver.
TPG Capital, Norwest Venture Partners, and Evolvence India have jointly led a $33 million investment in Indian non-banking finance company Ess Kay Fincorp.
Indian mobile payment and e-commerce platform Paytm has raised a $1 billion Series G round led by T Rowe Price.
Cento Ventures has led a $52 million round for 2C2P, a Singapore and Bangkok-based payments platform that claims to serve some 620 million customers across Southeast Asia.
The Carlyle Group has made a partial exit from India-listed life insurance company SBI Life, selling one-third of its stake for approximately INR28.2 billion ($392 million).
Warburg Pincus and Bessemer Venture Partners have led a $50 million Series B round for Indian financial technology provider Perfios.
A group of Chinese investors including Gaorong Capital and Sequoia Capital China have joined a $120 million Series B round for Nigerian logistics and payments technology company Opay.
OneConnect Financial Technology, an affiliate of China’s Ping An Insurance backed by the likes of IDG Capital, SBI Group, and SoftBank Vision Fund, has filed to list in the US.
Sanaka Capital, an Indian private equity firm established by Shankar Narayanan, formerly co-head of The Carlyle Group's Asia growth team, has agreed to invest $44 million in local financial conglomerate Edelweiss.
TPG Capital has led a INR2.2 billion ($32 million) funding round for India's Jana Small Finance Bank, which focuses on financial inclusion through digital services.
A fund launched by Sony Financial Ventures and Global Brain is among the participants in a JPY4.1 billion ($37.5 million) funding round for Japanese financial technology start-up WealthNavi.
Paidy, one of Japan’s largest financial technology start-ups, has confirmed $143 million in new funding, comprising an extended Series C round and debt financing.
Meili Auto, a Chinese car financing platform, has filed for US IPO. Its backers include Gaorong Capital, China International Capital Corporation (CICC), and Lingfeng Capital.
Kirwood Capital, a private equity firm that makes growth investments in Australia and New Zealand-based companies with global expansion prospects, has joined a NZ$25 million ($16 million) Series C round or digital lending platform Harmoney.