Funding
India’s Razorpay Valued at US$7.5 Billion With US$375 Million Series F
Indian payment gateway provider Razorpay has secured US$375 million during a Series F funding round, pushing its valuation to US$7.5 billion. This funding round was co-led by Lone Pine Capital, Alkeon Capital and TCV and also saw participation from existing
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Sleek Extends Series A Funding Round to US$25 Million
Sleek, a platform providing incorporation and accounting services for SMEs and entrepreneurs, announced that it has extended its Series A round to US$ 25 million, with the participation of Singapore-based global investor EDBI and existing investors, in a mix of
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The Biggest Insurtech Funding Rounds of 2021 in APAC
2021 has been a record year for insurtech funding. As of Q3 2021, more than US$10.5 billion had been raised by companies in the space year-to-date (YTD), surpassing 2020’s total of US$7.1 billion by nearly 48%, data from insurance advisory
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Mambu Raises US$266 Million in Series E at a US$ 5.5 Billion Valuation
Software as a service (SaaS) banking platform Mambu announced that it has raised US$266 million (€235 million) in an EQT Growth-led Series E funding round. The funding brings the company’s valuation to US$ 5.5 billion (€4.9 billion) post money. Carolina
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MAS Green Lights Nityo’s US$100 Million Investment in MatchMove
The Monetary Authority of Singapore (MAS) has approved Nityo Infotech Corporation’s investment into Singaporean fintech MatchMove Pay six months after it was initially announced. This also marks the completion of MatchMove’s Series C funding round. MatchMove will remain independent with
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SBI-Sygnum-Azimut Digital Asset Fund Makes its First Investment Into Coinhako
The SBI-Sygnum-Azimut Digital Asset Opportunity (DAO) fund announced that it has made its first investment into Singaporean cryptocurrency platform Coinhako. Japanese financial group SBI Holdings, Swiss-based digital asset bank Sygnum, and European asset manager Azimut Group had jointly launched the
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Tyme Closes Series B With Additional US$70 Million From Tencent and CDC Group
Tyme, a multi-country digital banking group headquartered in Singapore, has secured investments from Tencent and CDC to complete its US$180 million Series B capital raise. The first part of Tyme’s Series B raise concluded earlier this year when it secured
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Lending Fintech GajiGesa Closes US$ 6.6 Million Pre-series A Fundraise
GajiGesa, an Indonesian employee management and wellness platform offering Earned Wage Access (EWA) and other financial services, has closed an oversubscribed US$ 6.6 million (IDR 94.5 billion) in pre-Series A funding. The round was led by MassMutual Ventures, with participation
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YouTrip Raises US$30 Million Series A to Fuel Its Growth in B2C and B2B Space
Singapore’s multi-currency travel wallet YouTrip announced that it has raised US$30 million in its latest Series A round, bringing its total funds raised to over US$60 million since launch. The round was driven by unnamed returning investors from major Asian family
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Wealthtech Firm Endowus Secures S$35 Million in Funding
Singaporean digital wealth app Endowus announced it has raised an additional S$35 million (US$27 million) to accelerate its growth across Asia. This brings the company’s total funding this year to S$67 million (US$50 million). The investment by Prosus Ventures and
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