Asia
IFC and DBS launch $500M facility to promote trade flows in emerging markets
The World Bank's member International Finance Corporation (IFC) and Singapore-based lender DBS Bank Limited (DBS) have signed a $500 million facility under IFC’s Global Trade Liquidity Program (GTLP). 20 percent of the facility will be allocated to climate-eligible trade transactions
B Capital sees opportunities in late-stage growth investing despite fundraising woes [Q&A]
In the interview, B Capital General Partner Sami Ahmad also shared B Capital's strategy and plans for the latest fund, among others.
SC Ventures partners NEXT176 to launch wealth platform
SC Ventures, Standard Chartered’s innovation, fintech investment and ventures arm, and NEXT176, the venture building and investment arm of Old Mutual, a Pan-African financial services group, have joined forces to launch an inclusive financial wellness platform.
India’s SingleInterface raises $30M in funding led by Asia Partners
SingleInterface, an India-based software as a service (SaaS) startup, has on Wednesday announced a $30 million financing in its first ever external fundraising round.The firm said in a statement that Asia Partners, a Singapore-headquartered growth equity investment firm, led the round.
GDS enters Japan in partnership with Gaw Capital to build 40MW Tokyo project
GDS, a developer and operator of high-performance data centers in Asia, and Gaw Capital Partners, a private equity fund management firm, have on Tuesday announced a strategic partnership to build a 40 megawatts (MW) data center campus in Tokyo, Japan.
Tata Technologies partners BMW to develop automotive software, business IT solutions
Germany-based automaker the BMW Group and India-based product engineering and digital services company Tata Technologies have signed an agreement to form a Joint Venture (JV) with the aim to establish an automotive software and information technology (IT) development hub in Pune, Bengaluru and Chennai, India.
India’s SuperK raises $6M in Series A funding led by Blume Ventures
Indian branded franchised retail chain for small towns of India SuperK has raised $6 million in a Series A round of funding led by Blume Ventures. The round also saw participation from Silver Needle Ventures, Veltis Capital, Atrium Angels, and some angel investors and syndicates.
Hang Seng Bank launches $4.22B SME Power Up Fund
Hong Kong-based Hang Seng Bank has on Tuesday unveiled the HKD 33 Billion ($4.22 billion) SME Power Up Fund, a strategic initiative to support the growth, cross-boundary development, and sustainable progression of Hong Kong's small and medium-sized enterprises (SMEs).
DNX Ventures raises $243M for two new Japan funds
DNX Ventures, a Japan and U.S.-based venture capital firm, has announced the final close of two new Japan funds, raising a total of approximately 36.5 billion yen (U.S. $243 million).
Helicap partners Crowd Credit to pump $50M into Southeast Asia for Japanese investors
Japanese financial services company Crowd Credit Inc has parntered with Singapore's fintech firm Helicap Pte Ltd (Helicap) to pump $50 million into Southeast Asia for Japanese investors.
