Financials
Vietnam e-commerce player Sendo gets $51m Series B
Sen Do Technology (Sendo), a Vietnamese e-commerce company that operates a C2C platform and payment service, has secured $51 million in Series B funding led by Japan’s SBI Group.
Taiwan blockchain player Dexon gets $20m from IDG
IDG Capital has led a $20 million investment in Taiwan-based blockchain technology developer Dexon Foundation.
China's GSR to invest $405m in US-based Overstock
Chinese private equity firm GSR Capital has agreed to invest up to $405 million in US-listed online retailer Overstock.com and its financial technology subsidiary tZero through three separate transactions.
India's ASK Investment files for IPO
Indian asset and wealth management firm ASK Investment Managers, which operates private equity fund ASK Pravi as a joint venture with Pravi Capital, has filed for a domestic IPO.
India's Epiq closes first three investments
Epiq Capital, an India-focused private equity firm founded by Matrix Partners India co-founder Rishi Navani, has completed its first three investments in eyewear retailer Lenskart Solutions, financial technology company Mswipe, and online home rental...
Chinese P2P lending player Dianrong gets $40m
Chinese peer-to-peer (P2P) lending business Dianrong has received $40 million in funding from Dalian Financial Industry Investment Group – a joint venture investment platform established by Orix Group and the Dalian city government – against a backdrop...
India's PE-backed Muthoot files for IPO
Indian microfinance services provider Muthoot Microfin, part of the Muthoot Pappachan Group, has filed for an IPO that will provide a partial exit for several investors, including US private equity firm Creation Investments.
Australian SME lender Judo Capital raises $104m
Australian financial services start-up Judo Capital has raised A$140 million ($104 million) to provide loans to domestic small to medium-sized enterprises (SME).
TPG leads $100m round for India's Five Star
TPG Capital has led a $100 million funding round for Five Star Business Finance, a non-banking finance company (NBFC) focused on small and medium-sized enterprises (SMEs) in south India.
Singapore’s C88 gets $28m Series C round
Data and financial services company Experian has led a group of investors, including Monk’s Hill Ventures and Telstra Ventures, in a $28 million Series C round for Singapore’s C88 Financial Technologies.
Deal focus: OfBusiness helps Indian SMEs find their feet
Creation Investments backs Indian financial technology start-up OfBusiness to meet the financing needs of underserved small businesses
Square Peg leads $30m Series B for Indonesia's FinAccel
Square Peg Capital has led a $30 million Series B round for Indonesian financial technology start-up FinAccel to support its national and regional expansion.
Jungle targets $150m for third SE Asia VC fund
Singapore-based Jungle Ventures has launched its third Southeast Asia-focused VC fund with a target of $150 million.
India's OfBusiness gets $29m Series C
OfBusiness, an India-based financial technology company focused on smart financing services has received an INR2 billion ($29 million) Series C funding round led by Creation Investments and Falcon Edge.
Advance.AI raises $50m, targets Southeast Asia expansion
A group of Southeast Asian and Chinese investors has provided a $50 million extended Series B round of funding for Advance.AI, a big data specialist with offices in Beijing, Singapore, Jakarta, and Manila.
China fintech specialist Pintec files for US listing
Pintec Technology, a Chinese financial technology business backed by Ventech China, Xiaomi Ventures, and Matrix Partners China, among others, has filed for a US IPO.
China's Snowball Finance raises $120m Series D
Snowball Finance, a Chinese online financial information platform that subsequently expanded into asset management, has raised $120 million in a Series D round of funding led by Ant Financial, Alibaba Group’s financial services affiliate.
Chinese car transaction services platform targets $150m US IPO
Cango, a private equity-backed Chinese automotive transaction services platform that brings together car dealerships, buyers, and financial institutions, is seeking to raise up to $150 million through a US IPO.
VC-backed 51 Credit Card completes $129m HK IPO
51 Credit Card, a Chinese online credit card management platform backed by the likes of Tiantu Capital, GGV Capital, and Shunwei Capital, raised HK$1 billion ($128.5 million) in its Hong Kong IPO.
Bain-owned Lionbridge gets funding from Baidu, Sunshine Insurance
Lionbridge, a Chinese commercial vehicle leasing business controlled by Bain Capital Private Equity, has received RMB1 billion ($150 million) in funding led by Baidu and Sunshine Capital, an investment unit of Sunshine Insurance Group.
TA invests in India mutual funds business
TA Associates has acquired a minority stake in Prudent Corporate Advisory Services, an India-focused provider of mutual funds and other wealth management products.
Itochu leads $55m Series C for Japan's Paidy
Itochu Corporation has led a $55 million Series C funding round for Japanese financial technology company Paidy.
2Q analysis: Flipping out
Flipkart sets the tone as strategics deliver tech trade sale exits; Chinese internet players and healthcare are the trendsetters in investment; buyouts, venture stand out in Asia fundraising
IndiaLends raises $10m Series B round
IndiaLends, a New Delhi-based financial technology company focused on credit and analytics services, has raised $10 million in Series B funding from India-focused Ganesh Ventures and UK-based ACPI Investment Managers.
