Quona Capital
PayPal backs Quona, Sweef impact funds
PayPal has confirmed LP commitments of undisclosed size to funds managed by financial inclusion-focused Quona Capital and women-led businesses specialist Sweef Capital.
IFC leads $24m Series B for India's Onsurity
The International Finance Corporation (IFC) has led a USD 24m Series B round for Indian employee healthcare insurance start-up Onsurity.
GP profile: Quona Capital
Financial innovation-focused Quona Capital operates across global developing markets with a compact team and a strict returns-focused impact agenda. Asia dominates the growth narrative
B Capital, Quona back India EV financing player Turno
B Capital Group and Quona Capital have led a USD 13.8m Series A round for Turno, an India-based platform that helps small and medium-sized enterprises (SMEs) switch from combustion engine-powered three-wheelers to electric vehicles (EVs).
Quona closes third financial inclusion fund on $332m
Quona Capital, which invests under a financial inclusion strategy across emerging markets, has closed its third fund on USD 332m, beating a target of USD 250m.
East leads $10m round for Indonesia fintech player Alami
East Ventures has led a USD 10m pre-Series B round for Indonesia’s Alami, a sharia-compliant financial technology provider and small business lender.
Asia agtech: Work in progress
Global food supply issues and local economic realities are driving more capital into Asia’s agricultural technology space, where business models – from marketplaces to deep-tech – are still being proven
Impact investors commit $60m to India agtech platform
Quona Capital, Lightrock India, and Asia Impact SA have co-led a USD 60m Series C round for Indian agriculture technology platform Arya.
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.
Thailand insurtech player Sunday gets $45m Series B
Thailand-based insurance technology start-up Sunday has received $45 million in Series B funding from a group of investors including Tencent Holdings.
Asia fintech: Platform plays
Expansion is the dominant theme in financial technology as start-ups leverage existing assets to enter new verticals, typically in lending. Which ones will become Asia’s preeminent platforms?
Pakistan’s Habib Bank backs digital SME lender
Habib Bank, the largest bank in Pakistan, has joined a $10.1 million Series A round for Finja, a leading local financial technology start-up and small to medium-sized enterprise (SME) lender.
Asia lending start-ups: Bump in the road
Digital lenders in emerging markets need to survive a tricky year under the shadow of potential defaults, but the survivors might become significant players in a renewed financial landscape
Indonesia's KoinWorks raises $20m in debt
KoinWorks, an Indonesian financial technology start-up primarily known for P2P lending, has raised $20 million in debt by selling convertible notes to existing investors.
Fund focus: Quona doubles down on financial inclusion
Financial technology player Quona's $203 million second fund is expected to feature more early-stage rounds, more 'adjacency' plays in previously inaccessible segments, and more start-ups outside of India and Indonesia
Quona closes second fintech fund at $203m
Quona Capital, a VC focused on financial inclusion in emerging markets, has raised $203 million for its second fund. It will target financial technology across India, Southeast Asia, Latin America, and Africa.