Financials
Carlyle to exit Taiwan's Ta Chong Bank to Yuanta Financial
Taiwan's Yuanta Financial Holdings is to acquire Ta Chong Bank, a local mid-size commercial bank backed by The Carlyle Group, in a deal worth NT$56.55 billion ($1.7 billion).
Indian payments security start-up raises $7.5m Series B round
Indian online payment security system developer OneAssist has raised a $7.5 million Series B round led by US insurance firm Assurant, with participation by existing investors Sequoia Capital and Lightspeed Venture Partners.
Ant Financial leads $200m round for China's Qufenqi
Ant Financial Service Group, Alibaba Group's online financial services affiliate, has led a $200 million round of funding for Qufenqi, a Chinese electronics retailer that allows buyers to pay in installments.
India payments firm raises $23m from Helion, Social+Capital
Helion Advisors and Social+Capital have participated in a $23 million Series C round for mobile payment solutions provider Ezetap.
US-based Metaway Capital backs China online finance site
Metaway Capital has led a RMB100 million ($16 million) Series A round for Chinese online banking site Bankwel.
Tencent leads $60m round for Hong Kong online brokerage
Tencent Holdings has led a Series B round of funding worth $60 million for Hong Kong-based online brokerage Futu5.com, with participation from Matrix Partners and Sequoia Capital.
BNP Paribas to acquire PE-backed Sharekhan
French bank BNP Paribas has agreed to acquire Indian retail brokerage Sharekhan from its private equity backers.
Australia's NAB to invest $36m in fintech start-ups
National Australia Bank (NAB) will set up a A$50 million ($36 million) fund to invest in start-ups that help enhance its financial services product offerings.
P2P lender China Rapid Finance gets $35m Series C round
Broadline Capital has led a $35 million Series C round of funding for peer-to-peer (P2P) lending platform China Rapid Finance. The investment gives the business a pre-money valuation of $1 billion.
China Minsheng Investment to acquire Sirius for $2.2b
Bermuda-based White Mountains Insurance Group has agreed to sell its subsidiary Sirius International Insurance Group to China Mingsheng Investment (CMI) for $2.2 billion.
China P2P lending site Firstp2p raises $41m
Firstp2p, a Chinese online peer-to-peer (P2P) financing site, has raised a $41 million Series B round of funding from San Shan Capital, CITIC Capital and China Equity.
Korea launches another attempt to sell Woori Bank stake
The South Korean government is once again trying to sell its controlling stake in Woori Bank, this time dividing the asset into multiple tranches so that there is no one dominant shareholder.
PE-backed CICC files for Hong Kong IPO
China International Capital Corp. (CICC), which is backed by KKR, TPG Capital and Singapore’s GIC Private, among others, has filed for a Hong Kong IPO. The company is said to be looking to raise around $1 billion.
Matrix, Falcon Edge in $25m Series C for India's Mswipe
Indian mobile point-of-service (POS) developer Mswipe has raised $25 million in Series C funding from a group of investors including Matrix Partners, Falcon Edge Capital and Meru Partners.
Deal focus: Fastacash brings payments everywhere
Digital networks are remaking communication patterns across the world; where people living abroad once relied on postal services and analog telephone lines, now their loved ones are just an instant message away.
Singapore's Temasek, UOB to offer $500m in venture debt
Singapore's government-sponsored investment fund Temasek Holdings and United Overseas Bank (UOB) have agreed to form a joint vehicle which will offer $500 million in venture debt financing to start-ups in China, India and Southeast Asia.
Greenwoods leads $32m round for Chinese internet finance site Rongzi
Greenwoods Investment has led a RMB200 million ($32 million) Series A round of funding for Rongzi.com, a Chinese internet finance platform, with participation from New Access Capital.
Fairfax offers to buy 26% stake in India's Carlyle-backed IIFL
Canada-based Fairfax Financial Holdings has offered to buy a 26% stake in Carlyle-backed financial services company IIFL Holdings Limited for INR16 billion ($255 million).
Chinese personal finance app Wacai secures additional $80m
Hangzhou Wacai Science, a Chinese personal finance management mobile app developer, has raised an additional $80 million in an extended Series B round of funding led by New Horizon Capital.
TPG leads Series C for China wealth management firm Sinowel
TPG Capital has led a $41 million Series C round of funding for Sinowel Enterprise Group, a Chinese third-party wealth management firm.
Singapore payment platform Fastacash raises Series B round
Asia-focused investment firm Rising Dragon Singapore has led a $15 million Series B round of funding for Fastacash, a Singapore-based social payments platform.
Baring PE Asia to acquire Orangefield Group
Baring Private Equity Asia has agreed to acquire fund administration and corporate services firm Orangefield Group from AAC Capital Partners for an undisclosed amount.
Tata Capital leads Series B round for Singapore's Nearex
Tata Capital has led an undisclosed Series B round investment in Singapore micro-payments start-up Nearex via its Tata Capital Growth Fund. Existing investors Beenos Asia and Xinvesco also took part in the round.
Amazon leads $60m round for India's BankBazaar
Amazon India has led a INR3.75 billion ($60 million) Series C round for Indian financial marketplace BankBazaar.com, with participation from Fidelity Growth Partners and Mousse Partners, along with existing investors Sequoia Capital and Walden International....