Funding
Carro Secures Investment From ZA Tech to Enhance Product Offerings
Southeast Asian used car marketplace Carro announced that it has secured an investment from Singapore-based insurtech company ZA Tech Global for an undisclosed sum. The investment enables Carro to leverage ZA Tech’s suite of insurtech solutions to distribute personalised insurance
Read More
Blockchain Founders Fund Bags US$75M to Invest in Web3, Blockchain Startups
Blockchain Founders Fund (BFF) announced the final close of its US$ 75 million Fund II to invest in pre-seed and seed stage Web3 and blockchain startups. The fund was joined by Polygon, Ripple, Octava, NEO Global Capital (NGC), Appworks, Sebastien
Read More
Singapore Hits Highest Fintech Funding in 3 Years, Crypto Snagged US$1.2 Billion
Fintech investments in Singapore witnessed a three-year-high of US$4.1 billion across 250 deals according to the KPMG Pulse of Fintech H2’22. 2022’s total deal value here saw a 22 percent increase, up from US$3.4 billion in 2021, and a 75
Read More
Vietnam’s Earned Wage Access Firm GIMO Closes US$5.1 Million Series A
Vietnam-based earned wage access startup GIMO raised US$5.1 million in the first close of its Series A funding round led by TNB Aura. The round was joined by returning investors Integra Partners, Resolution Ventures, Blauwpark Partners, ThinkZone Ventures, and Y
Read More
PhonePe Bags Another US$100M, Inching Closer to US$1B Fundraise Target
Indian digital payments company PhonePe has raised an additional US$100 million following the recent US$350 million financing round that closed on 19 January 2023. The latest raise from Ribbit Capital, Tiger Global and TVS Capital Funds places PhonePe’s pre-money valuation at US$12
Read More
India’s InsuranceDekho Secures US$150 Million Series A
Indian insurtech firm InsuranceDekho has raised US$150 million in Series A funding round consisting of a mix of equity and debt. The round was led by Goldman Sachs Asset Management and TVS Capital Funds with participation from Investcorp, Avataar Ventures
Read More
Aspire Closes US$100 Million Series C Led by Sequoia, Lightspeed
Singaporean fintech Aspire announced today that it has closed an oversubscribed US$100 million Series C round co-led by Lightspeed and Sequoia Capital SEA. The round was also joined by Paypal Ventures, LGT Capital Partners, and existing backers Picus Capital and
Read More
Masan Group’s Subsidiary Invests US$105 Million in Singapore’s Trust IQ
Vietnamese conglomerate Masan Group’s subsidiary the Sherpa Company has received the green light to invest US$105 million in Singapore’s tech company Trust IQ, the holding company of Trusting Social. The announcement of Masan’s investment was made in April 2022. Sherpa will
Read More
IFC Invests US$100M in Vietnamese Bank to Expand Access to Home Loans
The International Finance Corporation (IFC) has invested US$100 million investment in Joint Stock Commercial Bank Southeast Asia (SeABank) in a push to create greater access to home loans in Vietnam. With this investment, SeABank is expected to at least double
Read More
Singapore Fintech Tazapay Raises US$16.9 Million Series A Led by Sequoia
Cross-border payments firm Tazapay announced that it has raised US$ 16.9 million in its Series A funding round led by Sequoia Capital Southeast Asia. The round was joined by new investors EscapeVelocity, PayPal Alumni Fund as well as angel investor
Read More