Funding
Funding Societies Raises US$7.5 Million Debt Funding from Norfund
Southeast Asian SME digital finance platform Funding Societies secures US$7.5 million in debt funding from Norfund, a Norwegian Development Financial Institution (DFI). This is the first debt transaction by Norfund with a fintech SME lender in Southeast Asia. Through this
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Triple-A Bags US$10 Million Series A Led by Peak XV, Shorooq Partners
Crypto payment gateway Triple-A announced that it has raised US$10 million in Series A funding. The round was led by repeat investors Peak XV Partners and Shorooq Partners. The company had previously secured US$4 million in seed funding in June
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Singapore’s Protos Labs Raises US$2.2M Seed Funding
Singapore-based cyber insurtech company Protos Labs announced that it has raised SG$3 million (US$2.2 million) in seed funding. The seed round was joined by BEENEXT, VinaCapital Ventures, Artem Ventures in partnership with FWD Insurance, Plug and Play Silicon Valley, Investible,
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PayPal Backs Singapore-Based Sweef Capital and Quona Capital to Empower Women
PayPal invests in Sweef Capital’s Southeast Asia Women’s Economic Empowerment Fund (SWEEF) and Quona Opportunity Fund to support women’s inclusion in the global economic and financial system. Sweef Capital is a Singapore-based woman-led fund that focuses on opportunities that respond
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Indonesia’s LUNA Secures Funding to Expand Its Reach
LUNA, an Indonesian embedded fintech and vertical SaaS platform for retailers and MSMEs, has raised funding from TNB Aura, Seedstars, 1982 Ventures, Century Oak Capital, and Prasetia Dwidharma. The sum was not disclosed. With this round of financing, LUNA plans
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India’s InsuranceDekho Raises US$60M in Second Fundraise for 2023
Indian insurtech firm InsuranceDekho has raised US$60 million in a Series B funding round, its second fundraise this year following its US$150 million Series A in February. The round, which is a mix of equity and debt, was led by
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Indonesian Lender Investree Raises US$231 Million Series D
Investree, an Indonesian B2B marketplace lending platform for Micro, Small and Medium Enterprises (MSMEs), has raised US$231 million in a Series D funding round. The fundraise was led by Qatar’s JTA International Holding and joined by SBI Holding, bringing its
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Top 10 Most Well-Funded Indian Fintech Companies as of September 2023
Fintech funding in India continued its downward trend this year, carrying on a trend that started in 2022 as rising interest rates, fears of a looming recession and a bear market for technology stocks prompted investors to put the brakes
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Funding Societies Secures US$27 Million Debt Financing
Funding Societies | Modalku, an SME digital financing platform in Southeast Asia, has raised US$27 million in debt financing. The debt fundraise was led by Asia-focused private credit financier AlteriQ Global, with multi-family office Aument Capital Partners (ACP) and sustainability-focused
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bolttech Extends Series B with US$50M from LeapFrog Investments
Insurtech company bolttech announced that it has raised US$50 million from LeapFrog Investments, an impact investment firm. This investment is an extension of bolttech’s Series B funding round, which now totals US$246 million. bolttech said that it will use the
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