Funding
Mastercard Invests in Global Processing Services, Expands Their Partnership
Payment technology platform Global Processing Services (GPS) has announced a new partnership with Mastercard, who has also made a strategic investment into the company for an undisclosed sum. The funding was due to GPS’ strong investment in international expansion and
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Earned Wage Access Firm wagely Raises US$8.3 Million in Pre-series A Funding
wagely, an Indonesian financial wellness platform, announced that it has raised US$8.3 million in an oversubscribed pre-series A funding as the company scales its platform to help workers access their earned salaries on demand in Indonesia and Bangladesh. The funding
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Web3 Startup Treehouse Raises US$18 Million in Seed Funding
Treehouse, a Web3 company transforming on-chain data into meaningful metrics to help decentralised finance (DeFi) investors make informed financial decisions, announced an US$18 million seed round raise. An undisclosed investor led the round with participation from strategic investors, including Lightspeed
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FinAccel Scraps SPAC Merger Deal With Victoria Park
FinAccel, the parent company of Indonesian Buy Now, Pay Later (BNPL) platform Kredivo, has scrapped its plans to merge with VPC Impact Acquisition Holdings II (VPCB), a publicly traded special purpose acquisition company sponsored by Victory Park Capital (VPC). Unfavorable
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Japan’s MUFG Bank to Invest US$300 Million in Middle- To Late-Stage Indian Startups
MUFG Bank announced that it plans to invest US$300 million in middle- to late-stage Indian startups through the new MUFG Ganesha Fund. In the future, MUFG said that it will aim to leverage its group strengths to provide a wide
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Igloo Raised US$19 Million Series B, Promotes Raunak Mehta as Co-founder and CEO
Regional insurtech firm Igloo announced that it has raised US$19 million in Series B funding round and promoted Raunak Mehta as its new Co-founder and Chief Executive Officer (CEO). The round was led by Cathay Innovation with participation from ACA
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Silent Eight Secures US$40 Million in Series B Funding Round
Silent Eight, a Singaporean regtech startup leveraging artificial intelligence (AI), announced the closing of a US$40 million Series B funding round, bringing its total funds raised to US$55 million. This round brings the firm’s total valuation to four times its
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Aussie NFT Platform Immutable Earns Unicorn Badge With US$200M Series C Led by Temasek
Australian NFT platform Immutable announced that it has raised US$200 million in a Series C funding round led by Temasek, earning it a unicorn badge with a US$2.5 billion valuation. Other participating investors include Tencent Holdings, Animoca Brands,Mirae Asset, ParaFi
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Siam Commercial Bank’s VC Arm Grabs 2nd Spot in Global Fintech Investor Ranking
SCB 10X, the venture arm of Siam Commercial Bank (SCB), was ranked second in Global Corporate Venture Capital (CVC) investing in fintech startups and eighth among global CVCs in a report published by CB Insights, a global analytics platform for
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Volopay Raises US$29 Million Series A to Push APAC and MENA Expansion Plans
Volopay, a Y Combinator-backed corporate cards and payable management startup, has raised US$29 million in its Series A round through a mix of equity and debt. The investment round included participation from JAM Fund, Winklevoss Capital Management, Rapyd Ventures, Accial
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