Belgium-based Incofin Investment Management, which focuses on financial inclusion and developing market agri-food segments, has reached a first close of $60 million for an India impact fund.
FTX, a Hong Kong-headquartered cryptocurrency exchange, has raised $900 million in Series B funding at a valuation of $18 billion, up from $1.2 billion on closing the Series A last year.
India’s Digit Insurance has achieved a valuation of $3.5 billion in four years with a thesis that simple is better – and more trustworthy. COVID-19 added more rocket fuel
Paytm, India’s largest digital payments company, has filed for an INR166 billion ($2.2 billion) domestic IPO, setting up exits for several private equity investors.
Indian digital payments provider Mobikwik is looking to raise up to INR19 billion ($255 million) through a domestic IPO that would facilitate partial exits for a string of investors.
Temasek Holdings shook off last year’s retraction in value to post its highest shareholder return in 11 years, with the overall portfolio reaching a record S$381 billion ($281 billion) for the 12 months ended March.
Indian financial technology provider Pine Labs has raised a $315 million round featuring BlackRock at a post-money valuation of about $3.5 billion.
Pacific Equity Partners (PEP) is poised to exit American Stock Transfer & Trust (AST), its longest-held portfolio company, following an agreement to sell the business to US-based Siris Capital.
Indian private equity firm Faering Capital has led a $200 million round for local insurance company Digit Insurance at a valuation of $3.5 billion.
Bolttech, a one-year-old company controlled by Pacific Century Group, has raised $180 million at a valuation of $1 billion. It is being called the largest-ever Series A round in insurance technology.
Voyager Innovations, a Philippines financial technology company, has raised $167 million in funding from new and existing investors that will support the development of its PayMaya payments service.
Mark Machin, formerly CEO of Canada Pension Plan Investment Board (CPPIB), has agreed to join Serendipity Capital, a Singapore-based investor specializing in financial services, as a non-executive director.
Ontario Teachers’ Pension Plan (OTPP) has led a RMB1 billion ($153 million) funding round for CD Finance, a China-based provider of loans and other financial services to small businesses in rural areas.
Hong Kong crypto financial services provider Amber Group has raised a $100 million Series B round led by China Renaissance. It is said to value the company at $1 billion.
Viva Republica, operator of the Korean money transfer app Toss, has raised a KRW460 billion ($404 million) round led by US-based Alkeon Capital, at a valuation of around $7.2 billion.
Apis Partners has led a $45 million Series C round for RenewBuy, an India insurance comparison platform specializing in motor insurance.
FamPay, an Indian start-up aiming to launch the country’s first digital bank for teenagers, has raised a $38 million Series A round led by Elevation Capital.
Singapore’s MatchMove, a financial technology start-up with several VC backers, has raised $100 million from US-based IT services provider Nityo Infotech.
US-based Goodwater Capital and Valar Ventures, a firm co-founded by PayPal co-founder Peter Thiel, have led a $60 million round for Indonesian financial technology start-up BukuWarung.
The Carlyle Group has agreed to invest up to INR31.8 billion ($439 million) in India-listed PNB Housing Finance, which would give it a majority interest in the company and trigger an open offer for an additional stake.
Habib Bank, the largest bank in Pakistan, has joined a $10.1 million Series A round for Finja, a leading local financial technology start-up and small to medium-sized enterprise (SME) lender.
SoftBank Vision Fund 2 has led a $250 million round for Zeta, an Indian-founded and now US-headquartered banking software-as-a-service (SaaS) provider, at a valuation of $1.4 billion.
Australian payments technology platform mx51 has raised A$25 million ($19.4 million) in Series A funding led by Acorn Capital, Artesian, Commencer Capital, and Mastercard.
Insight Partners has led a $60 million round for Thunes, a Singapore-based financial technology provider specializing in B2B cross-border payments in developing markets.