Asia

India FinTech SaaS firm Clear raises $75M Series C to accelerate B2B and international expansion

The funds will be used to accelerate Clear’s expansion into Business to Business (B2B) credit and payments plus expansion into international markets.

Stripe to buy India-based payments reconciliation software provider Recko

Stripe has entered into an agreement to acquire Recko to help its internet businesses automate payments reconciliation.

Pakistan logistics startup Rider raises $2.3M Seed round led by Global Founders Capital, Fatima Gobi Ventures and ADB Ventures

The fund will be used to grow its logistics and e-commerce markets, expand its network, and integrate its proven last-mile service into other key parts of the value chain.

Animoca Brands raises $65M at $2.2B valuation from Ubisoft, Sequoia China, Dragonfly Capital, others

Animoca Brands has closed a capital raise for $65 million conducted at a pre-money valuation of $2.2 billion.

Venture debt firm InnoVen Capital launches new Southeast Asia Fund with first close of $50M

InnoVen SEA Fund has completed its first close of $50 million with InnoVen Capital and will be seeking additional investors to participate in the fund.

Singapore IoT firm UnaBiz raises $25M in Series B led by SPARX Group

The funding brings UnaBiz’ total capital raised to $35 million since it launched in July 2016.

Sequoia-backed Incomlend launches $60M invoice financing program for ESG-focused SMEs

Incomlend connects SMEs globally with communities of investors, enabling them to finance individual invoices on an exchange platform. Since 2016, Incomlend has financed over $500 million in trades across 50 countries.

Singapore-based Qapita raises $15M Series A co-led by East Ventures & Vulcan Capital

Qapita plans to add more products to its platform that will not only provide solutions for private companies and startups but also to investors, shareholders and employees.

Singapore skyline SGX SPAC

Temasek leads $550M funding round in Israel cloud security firm Orca Security

Orca Security will leverage Temasek’s investment portfolio and global network to deepen its penetration into the Asia Pacific (APAC) region and beyond, and into key industries such as telecom, financial services, transportation, consumer goods, and more.