Funding
Fintech Companies in Southeast Asia Raised US$1.4B in Q1 2022
After underwhelming performances in 2020, fintech funding in Southeast Asia regained some of its strength in 2021, a dynamism that remained in Q1 2022. During the first quarter of the year, Southeast Asian fintech companies raised a total of US$1.4
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True Global Ventures Closes US$146 Million Fund for Late Stage Web3 Startups
Venture capital firm True Global Ventures (TGV) announced the first closure of its US$146 million follow on fund that will focus on global blockchain startups in 20 cities in North America, Europe and Asia. The fund is dedicated to Web3
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TripleA Raises US$4 Million in Funding From Razer’s zVentures
Crypto payments firm TripleA announced that it has secured US$4 million in funding from Razer’s corporate ventures arm, zVentures. Eric Barbier, Founder, and CEO of TripleA shares that “this strategic investor partnership with zVentures brings knowledge, connections and consultancy in
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Flip’s US$100 Million Series B Round Sees Participation from Tencent and Block, Inc
Flip, Indonesian consumer payments platform, announced a second close of a Series B funding round that brings its total funds raised to more than US$100 million. The round was led by Tencent with participation from Block, Inc. (formerly Square, Inc.) and
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Sequoia Raises US$850 Million Fund Dedicated to Southeast Asia
Sequoia India and Sequoia Southeast Asia announced that they have collectively raised US$2.85 billion across a set of funds. This includes Sequoia’s India venture and growth funds as well as an US$850 million Southeast Asian fund, its first dedicated fund
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Vietnamese Proptech Houze Raises US$2 Million in Fundraise Led by DKRA Group
Houze, a proptech startup based in Vietnam that offers a fully integrated real estate ecosystem for agents and customers through its offline-to-online platform, has raised US$2 million in a funding led by DKRA Group. DKRA Group is a major real
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Huobi Global Launches New Blockchain Investment Arm Ivy Blocks
Digital asset exchange Huobi Global announced the launch of Ivy Blocks, its new DeFi and web 3.0 blockchain ecosystem investment arm. Ivy Blocks will focus on identifying and investing in promising blockchain projects to help unlock their growth potential with
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Backbase Bags US$129 Million Funding, Now Valued at US$2.7 Billion
Digital banking software provider Backbase announced that it has raised US$128.6 million in growth equity funding from Motive Partners which values it at US$2.66 billion. Backbase said that this investment will it allow to “double down on its vision for
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Web3 Payments Startup Request Finance Raises US$5.5 Million Seed Funding
Request Finance, a Web3 enterprise crypto payments startup, announced that it has closed a US$5.5 million in a seed funding round. Participants of the fundraise include metaverse company Animoca Brands, Europe’s early-stage venture capital investor Balderton Capital, and XAnge. The
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Singaporean Lender Capital C Raises SGD$ 74 Million to Fuel Expansion Plans
Capital C Corporation, a Singapore-based financial services provider, announced that it has raised SG$74 million in a recent fundraise. The round was joined by PhillipCapital, Luminor Capital, Paradise Group, Citystate Group, various family offices and angel investors. Capital C said
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