Financials
Cenova leads $37m round for China's Nanyan Insurtech
Chinese insurance platform Nanyan Insurtech has raised a RMB250 million ($37 million) Series C round led by Cenova Ventures. SIG China and BlueRun Ventures both re-upped.
India's Razorpay raises $100m Series D
Indian digital payments start-up Razorpay has achieved unicorn status following a $100 million Series D round led by GIC Private and Sequoia Capital India.
PE-backed Chinese fintech player Lufax files for US listing
Lufax, a Chinese online lending and wealth management platform valued at $39.4 billion following its most recent private funding round, has filed for an IPO in the US.
SBI, Sygnum launch digital assets fund
SBI Ven Capital, an investment arm of Japan's SBI Group, has teamed up with digital asset bank Sygnum Group and launched an early-stage fund investing in digital assets across Southeast Asia and Europe.
India, US-based Chargebee raises $55m Series F
Chargebee, an India-founded and now US-headquartered financial technology provider, has raised $55 million in Series F funding led by Insight Partners.
Warburg Pincus to invest $95m in India's Home First Finance
Warburg Pincus has agreed to invest INR7 billion ($95.7 million) in Home First Finance, an India-based provider of home loans to the low and middle-income segments.
Australia's Airwallex upsizes Series D to $200m
Australian international payments technology provider Airwallex has raised an additional $40 million in Series D funding from existing investors, bringing the round to $200 million.
PE & Asian banks: Once-in-a-decade opportunity
GPs like targeting banks during downturns, investing in stronger players at discount valuations and backing them to come out the other side with increased market share. Will it be more of the same with COVID-19?
PineBridge, Peter Thiel launch Southeast Asia-focused SPAC
Peter Thiel, co-founder of PayPal, Palantir Technologies and Founders Fund, has teamed up with PineBridge Investments and Pacific Century Group on a special purpose acquisition vehicle (SPAC) that will target new economy assets in Southeast Asia.
India insurance tech provider raises $60m
Acko, an Indian financial technology start-up touted as the country’s only digital-native insurer, has secured a $60 million investment featuring Amazon and two global insurance providers.
Deal focus: Affinity, Baring leverage market dislocation
Seeing Korean banks trading at discounted valuations and believing in the long-term health of the industry, some private equity investors have taken the opportunity to buy in the public markets
Sequoia joins $30m Series C for India's Groww
Groww, a financial technology start-up considered the largest retail brokerage in India, has closed a $30 million Series C round with support from Sequoia Capital India.
TPG backs $2b carve-out of Aviva Singapore
TPG Capital has joined a consortium led by Singapore Life (Singlife) that has agreed to acquire the Singapore business of UK insurance giant Aviva for S$2.7 billion ($2 billion).
Africa-focused GP leads Series B for Singapore's Thunes
Africa-focused private equity firm Helios Investment Partners has led a $60 million Series B round for Singapore financial technology start-up Thunes.
Baring-owned Vistra acquires Japan accounting firm
Vistra, a Hong Kong-based corporate services provider and fund administrator owned by Baring Private Equity Asia, has acquired Japanese accounting specialist Routes for an undisclosed sum.
Xiaomi joins $54m Series B for Indonesia's PasarPolis
Chinese electronics maker Xiaomi has joined a $54 million Series B round for Indonesian financial technology provider PasarPolis.
Korea's Viva Republica raises $173m
Viva Republica, the operator of Korean money transfer app Toss, has raised $173 million from a group of investors featuring Sequoia Capital China and Kleiner Perkins.
PAG buys majority stake in Indian wealth manager
PAG has invested approximately $300 million for a 51% stake in the wealth management business of Indian financial services players Edelweiss Group. The goal is to demerge and list the unit within 18 months.
PE-backed Ant Group files for Hong Kong, Shanghai IPO
Ant Group, the financial technology affiliate of China’s Alibaba Group, which has raised more than $20 billion in external private funding, has filed for a dual listing in Hong Kong and Shanghai.
Baring Asia leads $209m round for India’s RBL Bank
A consortium of investors led by Baring Private Equity Asia will invest INR15.6 billion ($209 million) for a 19.55% stake in listed Indian lender RBL Bank.
China insurance tech platform Waterdrop receives $230m
Shuidi, a China-based insurance technology platform also known as Waterdrop, has raised $230 million in Series D funding jointly led by Tencent Holdings and Swiss Re Group. Existing investors IDG Capital and Wisdom Choice Global Fund re-upped.
Sequoia leads $20m Series A for Singapore's Incomlend
Sequoia Capital India has led a $20 million Series A round for Incomlend, a Singapore-based invoice trading platform that aims to democratize access to trade finance.
BRI invests Indonesia fintech player Ayoconnect
BRI Ventures, the newly launched VC unit of Bank Rakyat Indonesia, has joined a $5 million pre-Series B round for local financial technology provider Ayoconnect.
EDBI backs US cybersecurity player's Asia push
EDBI, the investment arm of Singapore’s Economic Development Board, has invested in Vesta, a US-based fraud and payment technology start-up with ambitions to expand into Asia.
