Fintech
Southern leads $31.5m round for fintech player Soft Space
Southern Capital has led a USD 31.5m funding round for Southeast Asia-focused payments technology provider Soft Space.
Deal focus: Kredivo cuts through SE Asia growth-stage gloom
Indonesian consumer credit operator Kredivo has punctuated the VC doldrums with an ecosystem-encouraging pre-IPO round. Investors point to low customer acquisition costs as key to the success
Indonesia’s Kredivo raises $270m Series D
Indonesian consumer credit company Kredivo, formerly known as FinAccel, has completed a USD 270m Series D round led by Mizuho Bank, which provided USD 125m.
Premji Invest leads $110m round for India's Mintifi
Premji Invest has led a USD 110m Series D round for Indian financial services platform Mintifi with support from Norwest Venture Partners, Elevation Capital and the International Finance Corporation (IFC).
Japan enterprise blockchain supplier LayerX raises $40m
Japan’s LayerX, an enterprise technology supplier that incorporates blockchain into functions such as expense management, has raised JPY 5.5bn (USD 40m) from a mostly local VC syndicate.
Sequoia Southeast Asia leads Series C for Australia's Shift
Sequoia Capital Southeast Asia has led a Series C round of AUD 27m (USD 18.5m) for Australia-based credit and payments platform Shift.
Ribbit, Tiger Global, TVS commit $100m to India's PhonePe
Ribbit Capital, Tiger Global Management, and TVS Capital Funds have committed USD 100m to Indian digital payments platform PhonePe, joining an ever-lengthening investor roster.
Goldman Sachs, TVS lead $150m round for India's InsuranceDekho
Goldman Sachs and TVS Capital Funds have led a USD 150m Series A round for India’s InsuranceDekho, an online insurance policy comparison and brokerage service.
Singapore's Aspire closes Series C on $100m
Singapore-based B2B banking platform Aspire has closed an oversubscribed Series C round with USD 100m in commitments. Lightspeed Venture Partners and Sequoia Capital Southeast Asia took the lead.
Inconfin closes India impact fund on $77m
Incofin Investment Management, a Belgium-headquartered impact investor, has reached a final close of USD 77m on a fund that will target financial inclusion and agri-food in India.
Sequoia leads $17m round for Singapore's Tazapay
Sequoia Capital Southeast Asia has led a USD 16.9m Series A round for Singaporean cross-border payments start-up Tazapay.
Deal focus: Serving the sole trader
Accounting software provider Hnry has built up a following among freelancers and self-employed tradespeople in New Zealand and Australia. A USD 25m Series B will help it look further afield
Mitsubishi UFJ launches $100m Indonesia fund
MUFG Innovation Partners, a VC arm of Mitsubishi UFJ Financial Group, has launched its third fund alongside Bank Danamon Indonesia with a corpus of USD 100m. The fund will focus on Indonesia.
Airtree leads $25m round for New Zealand's Hnry
Australia’s Airtree Ventures has led a NZD 35m (USD 25mm) Series B round for New Zealand small business financial technology provider Hnry.
Indonesia fintech start-up iSeller gets $12m
Indonesia financial technology start-up iSeller, which helps businesses to digitise sales and operations, has raised USD 12m in Series B funding led by Intudo Ventures.
India's PhonePe raises $350m at $12b valuation
General Atlantic has invested USD 350m – at a pre-money valuation of USD 12bn – in PhonePe, a digital payments platform that spun out from Indian e-commerce marketplace Flipkart.
Advent joins Series D for India's KreditBee
Advent International has committed USD 100m to Indian lending start-up KreditBee as an extension to a Series D round announced last month.
Northstar hits first close on Southeast Asia VC fund
Southeast Asia-focused private equity firm Northstar Group has reached a first close of USD 90m on its first venture capital fund. The overall target is USD 150m.
MUFG invests $200m in Indonesia fintech player Akulaku
Akulaku, an Indonesia-based digital finance platform that has raised several rounds of venture capital funding, has received a USD 200m investment from Japan’s Mitsubishi UFJ Financial Group (MUFG).
Australia's Potentia pursues two technology take-privates
Australia-based specialist B2B technology investor Potentia Capital appears to be continuing its pursuit of two listed companies – Nitro Software and Tyro Payments – despite several rejections.
India's KreditBee raises $80m Series D
Indian lending start-up KreditBee has raised USD 80m in Series D funding from Premji Invest, NewQuest Capital Partners, Mirae Asset Ventures, MUFG Bank, and Motilal Oswal Alternates (MO Alts).
FWD, Artem launch Malaysia insurtech fund
Hong Kong-based insurer FWD Group and Malaysia’s Artem Ventures have set up a MYR 45m (USD 10.2m) VC fund focused on insurance technology and Islamic financial technology in Malaysia.
India's 3one4 seeks $200m for fourth VC fund
3one4 Capital, an India-based early-stage investor, has launched its fourth venture capital fund with a target of USD 200m. It raised the same amount in the previous vintage.
Hong Kong fintech player XanPool raises $41m
XanPool, a Hong Kong-based cross-border payments infrastructure provider, has raised USD 41m from new investor Target Global and existing backer Antler Elevate.