Beacon Venture Capital, the VC unit of Thailand’s Kasikornbank, has led a $6.5 million investment in Jitta, a local financial technology provider and stock analysis platform operator.
UK government-backed development finance institution (DFI) CDC Group has made its first direct investment in Nepal via a $15 million commitment to NMB Bank.
EQT has agreed to acquire a minority stake in VBill, a third-party payment services provider in China that focuses on small and medium-sized enterprises (SME) for RMB378 million ($55.8 million).
The Blackstone Group has agreed to buy Indian affordable housing lender Aadhar Housing Finance for a reported INR27 billion ($378 million).
Google, JD.com and Tencent Holdings are among the returning investors in the first phase of the Series F round for Indonesia-based ride-hailing and delivery platform Go-Jek, which amounts to around $1 billion.
Singapore Life has accelerated plans to digitize the insurance and wealth management industry following a $33 million Series B from Aberdeen Standard Investments and Aflac
SBI Crypto Investment, a unit of Japan’s SBI Holdings formed to back digital asset-focused start-ups, has invested $15 million in Tangem, a Switzerland-based producer of blockchain smart card wallets.
Ekuaibao, a Chinese corporate cost management software-as-a-service (SaaS) provider has raised $15 million in a Series B round of funding led by Mandra Capital, with participation from existing investors DCM Ventures and Future Capital.
Aberdeen Standard Investments has committed $13 million to financial technology start-up Singapore Life, taking the company’s total capital raised to date to $97 million.
India’s NBFC sector has pulled through its recent liquidity issues, but questions remain about the weaknesses that led to the crisis. Investors remain confident but must learn from the experience
GIC Private has invested in Vietcombank through a joint deal with Mizuho Bank worth VND6.2 trillion ($265 million), underlining the strong interest among private and strategic investors in Vietnam’s financial sector.
Ming Maa, president of Grab, explains how the transformation of a taxi-hailing start-up into a diversified technology heavyweight reflects ongoing confidence in Southeast Asia’s economic future
US insurance giant Aflac has invested $20 million in Singapore Life, a digitally-focused financial technology start-up backed by UK private equity investor IPGL.
Futu Securities International, a Hong Kong-based online brokerage backed by Sequoia Capital China and Matrix Partners China, has filed to list in the US.
Hong Kong-based Bowtie Life Insurance has raised $30 million in Series A funding and become the first company in the territory to receive a “virtual” license to provide online-only services.
A string of private equity investors backed Ant Financial’s $14 billion Series C round, having recognized a company at the forefront of financial disruption in China
Indian private equity firm Multiples Alternative Asset Management has invested INR2.5 billion ($34.8 million) in non-banking finance company (NBFC) APAC Financial Services.
Kleiner Perkins and Ribbit Capital have led an $80 million funding round for Viva Republica that values the Korean financial technology start-up at about $1.2 billion.
Stakeholders foresee progress and problems as global strategic investors make their first bets in the Indian fintech space. There is little expectation of replicating the China story
Morgan Stanley Private Equity Asia (MSPEA) has led a INR1.54 billion ($22.1 million) investment in Indian non-banking finance company (NBFC) Kogta Financial.
Oriente, a Hong Kong financial technology company backed by local investor BlackPine Private Equity, has raised $105 million in seed funding from a group of family offices.
WorkTrans, a Chinese human resources services provider, has raised RMB160 million ($23 million) in the first tranche of a Series B round led by Qiming Venture Partners.
International Finance Corporation (IFC) and IFC Emerging Asia Fund have agreed to invest $40 million in Voyager Innovations, a financial technology unit of Filipino telecom giant PLDT.
Australian online mortgage marketplace Athena Home Loans has raised a A$25 million ($18 million) Series B round led by existing backer Square Peg Capital, with participation by new investors Hostplus and Airtree Ventures.