Funding

Youtrip, a Multi-Currency Travel Wallet, Closed US$25.5 Mil in a Pre-Series A Funding

YouTrip, a multi-currency mobile wallet with a prepaid Mastercard, has successfully raised US$25.5 million in a pre-Series A. Participating investors include major Asian family offices and venture capital firm Insignia Ventures Partners, founded by ex-Sequoia Partner Yinglan Tan. With the

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Tryb Group Invests into Filipino Insurance Marketplace Maria Health

Maria Health, a Filipino aggregator for health insurance, has secured an undisclosed amount of seed funding from the tryb group, with participation from Gobi Ventures, Wavemaker, Hustle Fund and Grand Metro Holdings. Maria Health will use the additional funding to

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India’s Now the Top Fintech Funding Hub in Asia, but It’s Too Soon to Celebrate

India, often considered Asia’s underdog tech advancements in Asia, is finally now the top fintech funding hub in the first quarter of 2019, beating longtime rival China. At Q1’s close, India’s fintechs raised US256.8 billion to China’s US$192.1 billion. It

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Philippines’ Ayala Corp Raising US$150-M Fund for Disruptive Early-Stage Startups

The Ayala Corporation, Philippines’ oldest conglomerate, is raising a new venture capital fund worth US$150 million, dedicated towards investing into early stage startups engaged in e-commerce, as well as what the company deems as disruptive technologies; like fintech, healthtech, artificial intelligence,

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AI Driven Fintech AIDA Gets Funding Boost from Mastercard

AIDA an artificial intelligence focused fintech recently announced that they have raised an undisclosed sum in their Series A round, which includes investors like Mastercard, Kuok Ventures and SGInnovate. The startup develops machine learning solutions for the banking and insurance

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Fresh off its SoftBank Funding, Grab is Already Eyeing to Raise US $6.5 Billion

A scant few weeks after closing its Series H led by SoftBank Vision Fund, Grab already has its eye on raising a grand total of US$6.5 billion by the end of the year. Before the ride-hailing giant embarks on its

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Tencent Co-Founder Backs Singaporean Fintech Startup to the Tune of SG$2.7 Mil

Koku is a foreign exchange fintech that is based in Singapore. And it just raised US$2 million (approximately SG$2.7 million) in a Pre-Series A funding round led by Jason Zeng, co-founder of Tencent Holdings. Jason is also the founder of China-based

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InstaReM Closes Series C Round, Bringing its Total Funding to US$ 59 Million

Singapore-based InstaReM, a digital cross-border payments company, announced the close of a US$41 million Series C funding round. The company pulled in an additional US$20 million round led by Singapore-based Vertex Growth Fund (VGF), supported by first-time investor Atinum Investment,

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Saphron Raises SGD 1.35 M to Tackle Financial Inclusion in the Philippines

Manila-based insurtech startup Saphron has raised SGD1.35 million seed fund coming from fintech-focused VC fund Sage, and Talino Labs, a venture lab that supports companies engaged in digital transformation. Founded recently by solutions architect Francisco “Kiko” Reyes Jr, Saphron plans

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Insurtech Startup CXA Raises US$ 25 Million — Eyes Expansion in Asia-Pacific

CXA Group, a one-stop, predictive and data intelligence platform for better health, wealth and wellness choices, announced today that it has raised US$25 million in its latest round of funding. CXA’s new group of strategic investors include HSBC, Singtel Innov8,

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