Funding
Indonesian Digital Mortgage Firm Ringkas Snags US$3.5 Million Seed Funding
Ringkas, an Indonesian digital mortgage startup, has raised a US$3.5 million seed funding round in a bid to address homeownership challenges in the country, according to a report by e27. Led by East Ventures and Crestone Venture Capital, the round
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India’s XFlow Raises US$10.2 Million to Enhance Cross Border Payments
XFlow, a financial services and infrastructure company that simplifies the cross-border payments for businesses, has raised a US$10.2 million Pre-Series A funding round led by Square Peg. The round was also joined by Moore Strategic Ventures and existing investors Lightspeed
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Hyphen Group Rebrands as MoneyHero, Plans to Go Public With SPAC Bridgetown
Bridgetown Holdings, a SPAC backed by billionaire Peter Thiel, has inked an agreement to merge with Southeast Asian fintech MoneyHero. The transaction is expected to close in the third or fourth quarter of 2023. Coming on the heels of the
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Temasek to Slash Compensation of Team That Greenlit FTX Investment
Singapore’s sovereign wealth fund Temasek said that it will slash the compensation of the investment team and senior management involved in greenlighting the US$275 million funding in now-bankrupt crypto exchange FTX. Temasek’s chairman Lim Boon Heng said in a statement
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Episode Six Raises US$48 Million Series C Led by Avenir
Episode Six (E6), a global provider of payment processing and banking infrastructure, has secured a US$48 million Series C financing led by Avenir, a growth stage investment firm. The round also included additional participation by existing investor Anthos Capital, a
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Tyme Pulls in US$77.8 Million for Ongoing Pre-series C Raise
Tyme, a multi-country digital banking group headquartered in Singapore, has secured funding from two new shareholders – Africa-focused tech growth fund Norrsken22 and global impact investment firm Blue Earth Capital as part of its Pre-Series C capital raise. This brings
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PhonePe Snaps up Another US$100 Million Investment From General Atlantic
Indian digital payments company PhonePe has secured an additional US$100 million investment from its existing investor General Atlantic, a global growth equity firm, as part of its ongoing efforts to close an ongoing US$ 1 billion financing round. This latest
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How Data and Tech Can Mitigate Risks of Bank Failures Like SVB
The recent collapse of a major bank affiliated with financing tech companies, and the subsequent failures of two other American banks in under two months, has sent shockwaves through the global economy, with effects felt as far as Europe and
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Indonesian VC East Ventures Raises US$250 Million for Its Growth Plus Fund
Indonesia-focused venture capital firm East Ventures announced the first and final close of its US$250 million Growth Plus fund. The fund will specifically target its own portfolio companies that demonstrate strong potential. East Ventures added that its Seed and Growth
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bolttech Now Valued at US$1.6 Billion With US$196 Million Series B
Singapore-based insurtech firm bolttech has raised US$196 million during its Series B fundraise led by Japan’s Tokio Marine with a valuation of US$1.6 billion. The firm had shared the announcement back in October 2022 that Tokio Marine will be leading
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