Fintech
India's Ofbusiness secures $200m round for lending unit
OfBusiness, an India-based B2B platform focused on industrial supply chain and procurement services, has raised USD 200m in Series A funding for its lending unit.
Deal focus: Zeller makes its presence felt
Less than a year after launching its digital payments-led product suite, Australia-based Zeller has accumulated 11,000 merchant customers, raised over USD 100m, and achieved a USD 750m valuation
Hong Kong digital asset custodian Hex Trust raises $88m
Hong Kong-based digital asset custodian Hex Trust has raised a USD 88m Series B round co-led by local counterpart Animoca Brands and US crypto specialist Liberty City Ventures.
Japan mobile banking player Kyash gets $41m Series C
Altos Ventures, Goodwater Capital, Greyhound Capital, and StepStone Group are part of an investor group that has committed JPY 4.9bn (USD 41m) in Series D funding to Tokyo-based mobile banking start-up Kyash.
Deal focus: Financial crime pays for Silent Eight
Singapore’s Silent Eight is tackling the toughest cybersecurity subsegment and securing global clients in its early stages. Wavemaker Partners predicts a near-term explosion in growth
Singapore financial crime AI start-up gets $40m
Singapore’s Silent Eight, a compliance and financial crime risk investigation platform, has raised a USD 40m Series B round led by US-based TYH Ventures.
India fintech player Money View gets $75m Series D
Money View, an India-based financial technology start-up involved in lending, card issuance, and buy now, pay later products (BNPL), has raised US 75m in Series D funding at a valuation of USD 625m.
Singapore’s Cake DeFi launches $100m corporate VC arm
Singapore-based decentralised finance platform Cake DeFi has earmarked USD 100m for a venture capital program that will target web3, gaming, and financial technology start-ups globally.
India's CredAvenue sees 3x valuation jump in six months
Indian small business credit platform CredAvenue has raised a USD 137m round featuring B Capital Group at a valuation of USD 1.3b, up 3x in the past six months.
Headline leads Series B for Australian payments start-up Zeller
Australian payments provider Zeller has closed an AUD 100m (USD 73m) Series B round led by Headline, a US venture capital firm, and supported by domestic superannuation fund Hostplus.
Singapore's Volopay gets $29m Series A
Singapore’s Volopay, a B2B financial technology provider specialising in cross-border transactions, has raised USD 29m in Series A funding led by Justin Mateen, co-founder of Tinder.
Pakistan fintech player NayaPay gets $13m seed round
NayaPay, a Pakistan-based financial technology start-up has secured USD 13m in what is claimed to be one of the country’s largest-ever seed rounds.
China cross-border fintech start-up secures $20m
Dowsure, a Shenzhen-based financial technology start-up that has developed credit-checking software that enables banks to lend to small-scale e-commerce vendors, has secured USD 20m in Series B funding.
India banking start-up Niyo raises $100m Series C
Accel Partners and Lightrock India have led a USD 100m Series C round for India’s Niyo, which offers digital savings accounts and other banking services in partnership with traditional banks.
Apis doubles down on Asia rewards, incentives space
Apis Partners has backed India-based rewards and incentives start-up Xoxoday through a USD 30m joint investment with Giift, one of its portfolio companies.
Singapore crypto player Amber hits $3b valuation
Singapore-headquartered crypto financial service provider Amber Group has raised USD 200m in an extended Series B round led by Temasek Holdings, achieving a valuation of USD 3bn.
Vision Fund leads $144m round for Singapore lending platform
SoftBank Vision Fund 2 has led a USD 144m equity round for Singapore small business lending platform Funding Societies.
SE Asia commerce finance platform Akulaku gets $100m
Akulaku, an Indonesia-based digital finance platform backed by the likes of Qiming Venture Partners and Sequoia Capital India, has received a USD 100m investment from Thailand’s Siam Commercial Bank (SCB).
Deal focus: Indonesia’s fintech plumber
Brick is developing backend digital infrastructure so that financial technology start-ups in Southeast Asia can provide seamless services. Priorities include deepening functionality and geographic expansion
AVCJ Awards 2021: Deal of the Year – Small Cap: Ajaib
Having spent more than a year perfecting its product, Ajaib turned Indonesia’s brokerage industry on its head in six months. Emphasis on product and customer engagement have paid dividends
Philippines digital bank Tonik raises $131m
Mizuho Bank has led a USD 131m Series B round for Philippines digital bank Tonik with support from Sequoia Capital India and Prosus Ventures.
India BNPL start-up Mintifi raises $40m Series C
Norwest Venture Partners and Elevation Capital have led a USD 40m Series C round for Indian B2B buy now, pay later (BNPL) platform Mintifi.
India's Chargebee gets $250m, valuation more than doubles
Tiger Global Management and Sequoia Capital India have co-led a USD 250m round for Indian financial technology provider Chargebee, more than doubling its valuation in 10 months to USD 3.5bn.
Singapore's Fireblocks closes Series E, hits $8b valuation
Fireblocks, a US and Singapore-based blockchain services provider that aims to “help every business become a crypto business,” has raised a USD 550m Series E round at a valuation of USD 8bn.