Financials
VCs invest $16m in India's Ezetap
JS Capital Management has led a $16 million funding round for Indian mobile payment solutions provider Ezetap.
Sequoia leads $13m round for Australian AI start-up
Sequoia Capital China has led a A$16 million ($13 million) funding round for Hyper Anna, an Australian artificial intelligence (AI) company focused on the financial services industry.
Ribbit Capital leads $45m round for India's Capital Float
Capital Float, an online lending platform for small and medium-sized enterprises (SME) in India, has raised $45 million in a Series C round of funding led by Silicon Valley-based VC firm Ribbit Capital.
GIC, Yunfeng Capital LPs in $1.7b Asian insurance acquisition
Singapore’s GIC Private has joined a group of investors including Yunfeng Financial Group (YFG), a Hong Kong-based financial services company backed by Alibaba founder Jack Ma, in a $1.7 billion acquisition of insurance provider MassMutual Asia.
VCs commit $9m to Japan blockchain platform
Nippon Technology Venture Partners, Fisco Capital, and ABBALab have committed $9 million to Japanese cryptocurrency platform Tech Bureau.
Chinese supply chain financing player gets $30m Series B
Linklogis, a Chinese supply chain finance provider, has raised RMB200 million ($30 million) in Series B funding from Tencent Holdings, China Merchants Venture Capital and Bertelsmann Asia Investments.
Sequoia, Norwest lead $52m round for India's Five Star
Sequoia Capital and Norwest Venture Partners have led a INR3.3 billion ($52 million) Series C round for Indian non-banking financial company Five Star Business Finance.
KKR-owned Avendus buys India asset manager
Avendus Capital, an Indian financial services firm owned by KKR, has agreed to acquire Ocean Dial Asset Management, the UK-based investment manager of India Capital Growth Fund (ICGF).
Australia's Pepper accepts KKR credit unit's buyout offer
Australian mortgage lender and distressed debt servicer Pepper Group has accepted a buyout bid from KKR Credit Advisors (KCA).
VCs invest $12m in Indonesia's UangTeman
Indonesian consumer lending start-up UangTeman has raised a $12 million Series A round comprising equity and debt.
General Atlantic acquires India's Karvy Computershare
General Atlantic has acquired a significant stake in India-based share registry business Karvy Computershare, providing a full exit for Australia-listed Computershare and taking out part of the position held by the company founder.
India's VC-backed Mobikwik attracts $35m investment
Indian non-banking financial company (NBFC) Bajaj Finance has agreed to invest about INR2.2 billion ($35.3 million) in Mobikwik, a domestic mobile wallet developer backed by a number of venture capital firms including Sequoia Capital.
TA to buy stake in New Zealand's Fisher Funds
TA Associates will take a minority stake in Fisher Funds, New Zealand’s fifth-largest fund manager, following a move by The TSB Community Trust to assume full ownership of the business.
GIC leads $220m Series D for China's Dianrong
Chinese peer-to-peer (P2P) lending platform Dianrong.com has raised a $220 million Series D round led by Singapore’s GIC Private.
Warburg Pincus to buy stake in Chinese mutual fund business
Warburg Pincus is set to acquire Société Générale's (SocGen) 49% interest in Fortune SG Asset Management, a Sino-foreign mutual fund joint venture with China’s Baosteel Group.
Chinese financial tech firm Qiancheng gets $30m
Qiancheng Technology, a Chinese financial technology company that provides micro-lending services, has raised a RMB200 million ($30 million) Series B round of funding from existing investors Tiantu Capital and U51.com, a VC-backed credit card management...
Indian furniture rental company gets $10m Series B
RentoMojo, an Indian financial technology company that facilitates rentals of furniture and other household items, has raised a $10 million Series B round led by Bain Capital Ventures and fintech entrepreneur Renaud Laplanche.
Carlyle, SBI buy GE Capital's stake in India credit card unit
The Carlyle Group and State Bank of India (SBI) have agreed to buy SBI Card, India’s second-largest credit card franchise, from GE Capital – the latest in a string of private equity transactions in Asia arising from General Electric’s decision to pare...
IDG, Jungle back India's Vayana Network
IDG Ventures India and Jungle Ventures have jointly invested $4 million in a Series A funding round for Indian financial services company Vayana Network.
PAG backs Home Credit for expansion in China
PAG Asia Capital has agreed to invest approximately RMB2 billion ($296 million) in a Hong Kong unit of Czech-based consumer loans company Home Credit Group, with a view to supporting the company's expansion in China.
Financial institutions and fintech: Bouncing checks
Southeast Asia’s traditional banks have begun to take a strong interest in the financial technology environment, but their early-stage involvement in the ecosystem is still tentative
SBI invests Indian fintech player
Indian payments technology service Innoviti Embedded Solutions has raised a INR1.2 billion ($18.6 million) funding round led by SBI-FMO Fund.
Frontier markets: Late to the boom
Cambodia, Laos and Myanmar are among the last frontier markets in Asia but well positioned to benefit from accelerating interest in the ASEAN region. Private equity success will require a nimble approach
Hong Kong's CompareAsiaGroup gets $50m Series B
The International Finance Corporation (IFC) has led a number of venture capital firms in a $50 million Series B funding round for Hong Kong-based financial comparison platform CompareAsiaGroup.