Fintech
Insight leads $56m Series C for India's M2P Fintech
India’s M2P Fintech, a software provider that connects banking infrastructure to consumer-facing technology platforms, has raised USD 56m in Series C funding led by Insight Partners.
India digital wealth manager secures $75m Series D
Indian personal finance app INDmoney has raised USD 75m in Series D funding from Steadview Capital, Tiger Global Management, and Dragoneer Investment Group.
Indonesia's Pluang doubles Series B to $110m
Indonesian micro-savings and micro-investment app Pluang has raised USD 55m in Series B funding led by Accel. It follows a USD 55m Series B investment led by Square Peg Capital last year.
MDI leads $108m round for Indonesia's KoinWorks
MDI Ventures, the VC arm of Telkom Indonesia, has led a USD 108m Series C round for Indonesia P2P lending platform KoinWorks.
Sun Hung Kai leads Series B for Singapore digital asset bank
Sygnum, a Singapore and Switzerland-based digital asset bank, has raised a Series B of USD 90m - at a post-money valuation of USD 800m - led by Hong Kong-based investor Sun Hung Kai & Co.
Global VCs invest $86m in India digital bank Jupiter
Tiger Global Management, QED Investors, and Sequoia Capital India have led a USD 86m Series C round for Indian digital bank Jupiter with support from Matrix Partners India and Singapore’s Beenext.
India's Razorpay closes $375m Series F at $7.5b valuation
Indian payments start-up Razorpay has seen its valuation more than double in eight months on closing a $375 million Series F led by Lone Pine Capital, Alkeon Capital Management, and TCV.
Vietnam's MoMo secures $200m Series E
Mizuho Bank has led a $200 million Series E round for MoMo, a Vietnam-based mobile wallet provider, at a valuation of more than $2 billion.
India BNPL start-up Uni gets $70m Series A
General Catalyst has led a $70 million Series A round for Uni, an Indian buy now, pay later (BNPL) start-up that launched its flagship product just six months ago.
Singapore’s 1982 hits $12.5m first close on seed fund
Singapore’s 1982 Ventures has reached a $12.5 million first close on its debut seed fund, which will focus on financial technology in Southeast Asia. The target is $15 million.
Indonesia insurance start-up Fuse raises $25m
Fuse, which claims to be Indonesia’s largest insurance technology start-up, has raised $25 million in a Series B extension. It comes within six months of a $50 million Series B featuring East Ventures.
Vision Fund 2 leads $60m Series C for India's Juspay
SoftBank Vision Fund 2 has led a $60 million Series C funding round for Juspay Technologies, an India-based financial technology start-up that specializes in digital payments.
2022 preview: Blockchain
A broader range of investors will play in the blockchain space as new applications are normalized, although regulation remains the wildcard. Developing markets will punch above their weight
Australia fintech player Finder raises $21m
Finder, an Australian financial technology start-up with a diversified suite of retail investor services, has raised A$30 million ($21.5 million) from local VC firm Future Now Capital.
Insight makes Indonesia debut in Flip's Series B
Insight Partners has made its first investment in Indonesia, co-leading a $48 million Series B round for consumer payments platform Flip alongside Sequoia Capital India and Insignia Venture Partners.
Bain leads $63m Series C for Korea's PeopleFund
Bain Capital has led a KRW75.9 billion ($64.5 million) Series C round for PeopleFund, a Korean lending platform. It is described as the largest funding round in the country’s P2P finance industry.
Valar, IA lead $40m Series B for India BNPL player
US-based Valar Ventures and IA Ventures have led a $40 million Series B round for Simpl, an Indian buy now, pay later (BNPL) provider focused on e-commerce.
Tiger Global, Insight lead $220m round for India's Slice
Tiger Global Management and Insight Partners have led a $220 million round for Indian financial technology provider Slice at a valuation of about $1 billion.
PE-backed Paytm raises $2.5b in India's largest-ever IPO
Indian digital payments platform Paytm completed the country’s largest-ever IPO – raising INR183 billion ($2.47 billion) – but then saw its stock fall 27% on debut.
Airwallex adds $100m to Series E at $5.5b valuation
Hong Kong-based cross-border payments provider Airwallex has received a $100 million Series E extension led by Lone Pine Capital at a valuation of $5.5 billion.
Hong Kong's Qupital secures $150m Series B
Hong Kong B2B financial technology provider Qupital has raised a $150 million Series B round led by Greater Bay Area Homeland Development Fund.
Philippines fintech player Mynt gets $300m at $2b valuation
Warburg Pincus, Insight Capital, and Bow Wave Capital have led a $300 million round for Mynt, the Filipino financial technology company behind the mobile wallet GCash, at a valuation of $2 billion.
B Capital, Falcon Edge join $50m round for India digital bank
B Capital Group and Falcon Edge Capital have joined a $50 million Series B round for Indian digital banking services provider Fi at a valuation of $315 million.
India's Acko achieves unicorn status with $255m round
General Atlantic and Multiples Alternate Asset Management have led a $255 million round for Acko, which claims to be India’s only digital-native insurer, at a valuation of $1.1 billion.