Financials
Naspers invests $5m in Philippines-based Coins
The venture capital division of South African media firm Naspers has invested $5 million in Coins, a US-founded blockchain and financial technology company operating in the Philippines.
VC investors to exit India's ItzCash to strategic
US-based software developer Ebix has agreed to buy a majority stake in Indian financial technology firm ItzCash, providing an exit for its VC backers including Lightspeed Venture, Matrix Partners and Intel Capital.
SAIF, Accel in $30m round for India insurance start-up Acko
Acko General Insurance, an Indian online insurance broker, has raised $30 million from a group of investors including SAIF Partners and Accel Partners.
Lok leads $5.6m Series B for India's Ummeed
Lok Capital has led a $5.6 million Series B round for Indian affordable housing finance company Ummeed Housing Finance.
Jungle leads $5.3m Series A for India's PaySense
Jungle Ventures has led a $5.3 million Series A round for Indian online credit platform PaySense.
SoftBank invests in India's Paytm
SoftBank Group has invested in One97 Communications, the parent company of Indian online payments and e-commerce platform Paytm.
Arbor targets $220m for second VC fund, IFC set to invest
The International Finance Corporation (IFC) is considering an investment of $15 million in Hong Kong-based Arbor Ventures’ second VC fund, which has an initial target of $220 million.
GIC invests in India's Capital First, Warburg Pincus part exits
Warburg Pincus has sold a 25% stake in India-listed non-banking financial company (NBFC) Capital First to a group of buyers including Singapore sovereign wealth fund GIC Private.
CDB Capital leads $42m round for China fintech firm Wacai
CDB Capital, the fund management arm of China Development Bank, has led a $42 million round for Wacai, a Chinese finance management mobile app developer.
IFC proposes $100m investment in India's MMFSL
The International Finance Corporation (IFC), the investment arm of the World Bank, is considering a $100 million investment in India-listed non-banking financial company (NBFC) Mahindra & Mahindra Financial Services (MMFSL).
IDG, DHFL invest $4m in India's EarlySalary
Indian financial technology platform EarlySalary has raised a $4 million funding round from IDG Ventures and Dewan Housing Finance (DHFL).
BOCI leads Series C for Chinese online gold trading platform
An investment unit of Bank of China International (BOCI) has led a RMB200 million ($29 million) Series C round for G-banker, a Chinese online gold trading platform that has several venture capital backers.
IFC proposes $40m investment in India's Aavas Financiers
The International Finance Corporation (IFC) is considering an investment of up to $40 million in debt in Aavas Financiers, a housing finance business that Partners Group and Kedaara Capital bought last year from non-banking financial company (NBFC) Au...
China Creation leads $16m for credit evaluation specialist
China Creation Ventures, a VC firm recently launched by Wei Zhou, formerly a managing partner at KPCB China, has led a Series A round of funding worth RMB110 million ($16 million) for credit evaluation business IceKredit.
China's Ping An to launch $1b global fintech, healthcare fund
China’s Ping An Insurance is launching a $1 billion fund that will make financial technology and healthcare investments globally as the company looks to establish a footprint beyond its home market.
VC-backed China Rapid Finance raises $60m in US IPO
China Rapid Finance (CRF), a VC-backed peer-to-peer (P2P) lending platform, is trading up 32% on its IPO price following an offering on the New York Stock Exchange that raised $60 million.
Australia's Airwallex raises $13m Series A round
Tencent Holdings, Sequoia Capital China and Mastercard have all participated in a Series A funding round worth $13 million for Airwallex, an Australia-based cross-border payments company.
Fund focus: Makara goes global in IP search
Makara Capital has a $716 million fund and a remit to invest in intellectual property-rich assets globally in order to bring greater industrial and technological value to Singapore
Singapore Life gets $50m Series A round
UK private equity investor IPGL has joined a $50 million Series A funding round for Singapore Life, a financial technology start-up targeting the insurance and savings services industry.
Singapore government launches $716m PE fund
The Singapore government and domestic GP Makara Capital have launched a S$1 billion ($716 million) private equity fund that will focus on intellectual property (IP)-driven companies.
MBK-owned ING Life to raise $972m in Korea IPO
MBK Partners will make a partial exit from ING Life Korea as the insurer raises KRW1.1 billion ($972 million) in its domestic IPO.
IFC proposes $100m investment in China insurance firm
The International Finance Corporation (IFC), the investment arm of the World Bank, is considering an equity investment of up to RMB690 million ($100 million) in Chinese insurance firm Union Life Insurance.
TCV invests $20m in New Zealand's Xero, Martix part exits
US venture capital firm Technology Crossover Ventures (TCV) has invested NZ$28.5 million ($20 million) in New Zealand-listed accounting software company Xero. It will facilitate a partial exit for existing backer Matrix Capital.
Ant Financial raises offer for PE-backed MoneyGram
Alibaba Group's Ant Financial has raised its takeover bid for US-listed financial services company MoneyGram, topping a competing offer made by US-based Euronet Worldwide last month. The sale will provide an exit for Thomas H. Lee Partners (THL).