Bangladesh
Bangladesh-based SureCash gets $7m Series B round
Bangladeshi mobile banking and payments operator SureCash has raised a $7 million Series B round of funding from Asian frontier market investor Osiris Group.
Frontier markets-focused classifieds platform receives $40m
Saltside Technologies, which operates online classifieds platforms in Bangladesh, Sri Lanka and Ghana, has received a $40 million round of funding led by Chinese investor Hillhouse Capital.
Fenox VC launches $200m Bangladesh fund
Silicon Valley venture capital firm Fenox VC is launching a $200 million fund that will focus on investments in Bangladesh’s technology, internet and media sectors.
IFC to support Brummer’s second Bangladesh fund
International Finance Corporation (IFC) plans to invest up to $20 million in Frontier Bangladesh II, a $100 million fund being raised by Swedish alternative asset manager Brummer & Partners.