Indian crypto exchange Coinswitch Kuber is claiming to be the largest app of its kind locally following a $260 million Series C round featuring Andreessen Horowitz at a $1.9 billion valuation.
Ajaib, an online stock-trading platform in Indonesia, has raised $153 million in a Series B funding round led by DST Global at a valuation of $1 billion.
Global financial technology investor Ribbit Capital has thrown its weight behind Bank Jago, an Indonesia-based digital lender established by local private equity firm Northstar Group.
Singapore’s Incomlend, a financial technology provider for small to medium-sized enterprises (SMEs) has raised $60 million for an environmental, social, and governance (ESG) financing program.
Andreessen Horowitz has led a $152 million Series B round for Vietnam-based non-fungible token (NFT) gaming start-up Axie Infinity, also known as Sky Mavis.
TPG Capital and Potentia Capital have submitted a buyout offer for employee management services provider Smartgroup that values the Australia-listed business at a market capitalization of A$1.38 billon ($993 million).
Bangkok-based Ascend Money has raised $150 million from a group of investors including Ant Group, at a valuation of $1.5 billion. It claims to be Thailand’s first financial technology unicorn.
Capital Float, an Indian lending platform now positioning itself as a buy now, pay later (BNPL) specialist, has raised $50 million led by the local unit of UK-based private equity investor Lightrock.
Singapore-based online banking platform Aspire has raised a $158 million Series B round with support from the likes of B Capital Group.
Japanese insurance giant Sompo Holdings has led a A$100 million ($72 million) Series C round for Australian insurance technology provider Cover Genius.
Advance Intelligence Group has used its core risk assessment technology to expand into lending and e-commerce transaction finance and services. Membership of Southeast Asia’s unicorn club is its reward
PAG has led a $100 million round for DataYes, a China-based provider of artificial intelligence-enabled investment management solutions for the financial services industry.
Cobo, a Singapore-based crypto asset management platform and blockchain infrastructure provider, has secured a $40 million Series B round led by DST Global, A&T Capital, and IMO Ventures.
Pacific Century Group’s insurance technology business, Bolttech, has extended a recent $180 million Series A round to $210 million in total.
Advance Intelligence Group, a Singapore start-up best known for digital identity verification and fraud prevention platform Advance.AI and buy now, pay later (BNPL) business Atome, has raised over $400 million in Series D funding.
Hong Kong-based Airwallex has raised a $200 million Series E round led by Lone Pine Capital at a valuation of $4 billion. A $300 million Series D in March valued the company at $2.6 billion.
XTransfer, a China-based cross-border payment services provider, has raised $138 million in Series D funding led by US-based D1 Capital Partners. Existing investors also took part in the round.
Invesco has announced a $100 million commitment to Indian financial technology provider Pine Labs. It comes two months after the company closed a $600 million pre-IPO round.
The International Finance Corporation (IFC) has proposed a commitment of up to $25 million in the sophomore fund of India’s A91 Partners, which has a target of $500-550 million.
Indonesian digital payments infrastructure provider Xendit has raised a $150 million Series C round led by Tiger Global Management at a valuation of around $1 billion.
Square Peg Capital has led a $55 million Series B round for Indonesian micro-savings and micro-investment app Pluang.
US education technology specialist Owl Ventures has led a $55 million Series C round for Leap Finance, an Indian start-up that helps students pay for overseas studies.
PayPal has agreed to buy Japan’s Paidy, a specialist in deferred e-commerce payments backed by several private equity investors, for about JPY300 billion ($2.7 billion).
A private equity consortium's right to enforce a put option against the chairman of Korea's Kyobo Life Insurance has been upheld following arbitration, though the ruling stopped short of endorsing a price for the transaction.