Funding
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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Binance Labs Closes US$500 Million Fund to Drive Adoption of Web3, Blockchain
Binance Labs, the venture capital and incubation arm of cryptocurrency exchange Binance, announced the closing of a new US$500 million investment fund. The fund is supported by global institutional investors such as DST Global Partners, and Breyer Capital. Other major
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HitPay Raises US$15.75 Million in Series A Fundraise Led by Tiger Global
HitPay, a one-stop payments platform for small and medium-sized enterprises (SMEs), announced that it has secured a US$15.75 million Series A funding round. The fundraise was led by Tiger Global and joined by returning investors Global Founders Capital and HOF
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Indonesian Robo-Advisor Bibit Raises US$80 Million in Fundraise Led by GIC
Indonesian digital investment app Bibit announced that it has raised more than US$80 million in a funding round led by GIC, joined by Prosus Ventures and other existing investors. Bibit said that the funds raised will be used for the
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India’s 16 Fintech Unicorns
Recently Kerala-based fintech startup Open Financial Technologies reached a US$1 billion valuation after closing a US$50 million Series D funding round. The round took Open Financial Technologies to unicorn status, joining India’s other 15 billion dollar fintech startups. Founded in
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Indonesian Fintech Unicorn Xendit Raises US$300 Million Series D
Xendit, an Indonesian payment gateway for businesses, announced that it closed US$300 million in a Series D funding round, bringing its total funds raised to US$538 million. Coatue and Insight Partners co-led the round with additional investment from Accel, Tiger
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The 6 Top Funded Fintechs in Thailand
Home to 268 fintech companies, Thailand is home to a fast growing fintech sector. In the first nine months of 2021, Thai fintech companies secured US$215.6 million in fintech funding, a significant improvement over 2020’s US$134 million take, according to
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