Groww, an Indian financial technology provider focused on mutual fund investment services, has raised a $21.4 million Series B round led by US-based Ribbit Capital.
Korean financial technology provider Tera Funding has secured an $18 million Series B round from a group including SBI Investment Korea and KB Investment.
Lightspeed Venture Partners and Tiger Global Management have led a $67 million Series B round for Indian financial technology player OkCredit.
The Overseas Private Investment Corporation (OPIC), a development finance arm of the US government, will invest $185 million in India’s small to medium-sized enterprise (SME) sector.
PAG has agreed to invest $300 million in LexinFintech, a US-listed financial technology platform provider based in China.
US venture debt provider Partners for Growth (PFC) has completed its first deal in Indonesia – and one of its largest in Asia Pacific – by extending a $20 million credit line to digital credit start-up Kredivo.
Steadview Capital has led a $14 million Series D round for Chargebee, a developer of a platform for online payments based in India and the US.
US-based Ribbit Capital and UK-based Steadview Capital have co-led a $50 million Series B round for BharatPe, a digital payment services provider for Indian offline businesses.
Tala, a US financial technology provider looking to expand its microlending operations in India, has raised a $110 million Series D round from a group including PayPal Ventures.
Cerberus Capital Management has agreed to acquire the operating assets of bankrupt Australian equipment finance specialist Axsesstoday.
CSB, an Indian private bank with several private equity backers, has filed for an IPO that is expected to raise at least INR300 million ($4.2 million). It is the first PE-backed IPO filing in more than nine months.
Sequoia Capital China and Matrix Partners have joined a $20 million round for Chinese financial technology provider QFPay.
Bertelsmann India Investments has led a $30 million funding round for Rupeek, an India-based online gold loan marketplace.
Indian financial technology platform Lendingkart has raised a INR2.1 billion ($29.9 million) Series D round from existing investors Fullerton Financial Holdings, Bertelsmann India Investment, and India Quotient.
Kleiner Perkins and Aspex Management, a pan-Asia investor founded in Hong Kong last year, have led a $64 million round for Korean financial technology start-up Viva Republica.
US-based private equity firm JC Flowers is planning to sell nearly all of its stake in Japanese financial institution Shinsei Bank for an undisclosed amount.
Shares in AMTD International, a PE-backed division of Hong Kong financial advisor AMTD Group, traded as much as 28% above initial pricing following a $174 million IPO on the New York Stock Exchange.
UK government-backed development finance institution CDC Group has led a $21 million round for Indifi Technologies, a company that facilitates loans for small to medium-sized enterprises (SME) in India.
Data and financial services company Experian has led a $20 million investment in Hong Kong-based financial comparison platform CompareAsiaGroup.
Australian insurance broker network AUB Group has agreed to buy a 49% stake in Coverforce Holdings from Pemba Capital Partners with a view to taking full ownership, but the company’s founder is seeking to block the transaction.
Baring Private Equity Asia has acquired Korean consumer finance and leasing services provider Acuon Capital from JC Flowers for an undisclosed sum.
The Southeast Asia arm of Massachusetts Mutual Life Insurance’s venture capital arm, has led a $32.5 million funding round for Singapore-based online banking platform Aspire.
Keir Veskivali defied the odds to introduce robo advisory services for retail investors to Singapore. Now he brought in VinaCapital to help take the business global
Olympus Capital has paid $91 million for a 25% stake in microfinance and micro-SME lending specialist Thai Credit Retail Bank. It wants to double the loan book and support digitization of services