Financials
China's Ping An raises $2.2b for healthcare, fintech units
Ping An Insurance Group has raised $2.2 billion in private equity funding for its three technology businesses: Ping An Good Doctor, Ping An Healthcare Management, and OneConnect Financial Technology.
Deal focus: Tryb sees strength in numbers
Singapore's Makara Innovation Fund supports Tryb Group's push to build a Southeast Asia-focused fintech platform
Chinese auto financing site raises $92m Series B round
Meliche Jinrong, the online auto finance subsidiary of Chinese consumer loans site Meili Jinrong, has raised a $92 million Series B round led by local agribusiness player New Hope Group.
China insurance and PE: Get real
The asset management units of Chinese insurance companies can no longer launch debt-like products masquerading as private equity, amid concerns about rising corporate and local government debt burdens
Deal focus: LeapFrog adds to financial inclusion portfolio
LeapFrog Investments backs NeoGrowth Credit to provide financial backing for digital payments among Indian retailers
Chinese financial services platform concludes $63m Series B
Huisuanzhang, a Chinese finance and tax management software developer, has completed a RMB400 million ($63 million) Series B round of funding across two tranches.
Singapore IP fund invests $30m in fintech acquisition platform
Southeast Asia-focused financial technology platform Tryb Group has received a $30 million investment from The Makara Innovation Fund (MIF), a Singapore government-backed vehicle that focuses on intellectual property-driven businesses.
PremjiInvest leads $48m round for India's Shubham
PremjiInvest, the family office of Wipro Group chairman Azim Premji, has led a INR3.1 billion ($48 million) funding round for Indian mortgage lender Shubham Housing Development Finance, providing an exit for Accion International and Saama Capital.
LeapFrog leads $47m round for India's NeoGrowth
LeapFrog Investments has led a $47 million funding round for NeoGrowth Credit, a financial technology company that offers flexible loans to small retailers in India.
Atinum leads $9m round for Korean fintech player
Korean venture capital firm Atinum Investment has led a KRW10 billion ($9.4 million) funding round for domestic financial technology company Tera Funding.
China's Dianrong raises additional $70m for Series D
Chinese peer-to-peer (P2P) lending platform Dianrong has raised an additional $70 million in Series D funding, taking the total round to $290 million.
China fintech: Follow the consumer
A crackdown on cash loans has undermined investor confidence in China’s fast-growing online consumer-lending market. However, VC players are confident that start-ups can find other angles
Japan's Folio gets $63m in extended Series A
A group of investors including Goldman Sachs have invested JPY7 billion ($63 million) in Japanese stock trading app operator Folio.
Deal focus: Black Fish emphasizes focus on fintech
Lightspeed, Morningside, Jafco and Gobi contribute to the first institutional round of funding for Chinese financial technology player Black Fish
Tiger co-leads $20m Series B for India's Razorpay
Tiger Global and Y Combinator have led a $20 million Series B round for India-based online payment gateway Razorpay.
KKR joins $1.75b investment in India's HDFC
KKR has joined a group of investors including Singapore’s GIC Private and the Ontario Municipal Employees Retirement System (OMERS) to commit INR111 billion ($1.75 billion) to listed Indian financial institution HDFC.
India's PE-backed Capital First to merge with IDFC Bank
Capital First, an India-listed non-banking financial company (NBFC) backed by Warburg Pincus and GIC Private, has agreed to merge with IDFC Bank.
VCs invest $13m in Indian payroll services player
Niyo Solutions, an Indian financial technology company specialized in payroll services, has raised a $13.2 million Series A round from a group of VC firms, including Hong Kong’s Horizons Ventures.
CDC completes exit from India's Ujjivan
UK-based development finance institution CDC Group has fully exited Ujjivan Financial Services, the listed holding company for Ujjivan Small Finance Bank, realizing more than INR4 billion ($63.4 million) since it began trimming its stake last year.
Accel, Elevar in $24m round for Indian NBFC
Indian non-banking financial services company (NBFC) Samunnati has raised an INR1.5 billion ($23.5 million) funding round from investors including Accel Partners and Elevar Equity.
VCs in $146m Series A round for China's Black Fish
Black Fish, a Chinese online consumer finance platform, has raised a RMB950 million ($146 million) Series A round from Lightspeed China Partners, Morningside Venture Capital, Jafco Asia, and Gobi Partners.
IFC-backed Bandhan files for India IPO
Bandhan Bank, the commercial banking subsidiary of India’s Bandhan Financial Services (BFSL), has filed for an IPO that will provide a partial exit for the International Finance Corporation (IFC).
Global Brain backs $13m round for Japan's Base
Japanese venture capital firm Global Brain has led a JPY1.5 billion funding round for domestic online shopping start-up Base.
IFC invests $40m in Indonesian SME ecosystem
The International Finance Corporation (IFC) has invested $40 million in Indonesian lender Radana Bhaskara Finance as part of a support program for local small and medium-sized enterprises (SMEs).