Asia
Metalpha and Algos Electronics jointly set up NOWLIT fintech solutions
Metalpha Technology Holding Limited, a Hong Kong-based digital asset-focused wealth management company, together with global chips provider Algos Electronics Corp., have established NOWLIT FinTech Solutions Corp.
EY : Southeast Asia’s IPO deals down to $1B in first quarter
Southeast Asia's initial public offering (IPI) activity slowed down in the first quarter, with a total of 38 deals raising$1 billion, down from 51 deals raising $1.4 billion in the first quarter of 2023.
India’s Filter Capital announces final close of $97M for its inaugural fund
Filter Capital, a technology-focused growth investment firm based in India, has announced the successful final close of its first fund – Filter Capital India Fund I at a total corpus of 800 crores ($97 million).
Ant partners global e-wallets, card organizations for International Consumer Friendly Zones Program in China
Chinese fintech firm Ant Group, along with 11 overseas payment partners of Alipay+ and major international card organizations, have launched in Beijing a nation-wide Program to build International Consumer Friendly Zones across major Chinese tourist and commercial cities, with the support of relevant authorities and local governments.
Imaginary Ones partners Animoca Brands to enhance Web3 entertainment ecosystem
Hong Kong-based gaming firm company Animoca Brands and Web3 entertainment and intellectual property (IP) company Imaginary Ones have on Monday announced a partnership to enhance Web3 entertainment ecosystem.
Japan’s Smartpay raises $7M in pre series A round led by SMBC Venture Capital
Japanese Fintech leader Smartpay was oversubscribed in raising $7 million in pre series A round led by Japanese technology investor SMBC Venture Capital.
Hyundai Motor, Kia inks deal with Exide Energy Solutions to produce electric vehicle battery in India
South Korean automakers Hyundai Motor Company (Hyundai Motor) and Kia Corporation (Kia) have inked deal with Indian battery manufacturer Exide Energy Solutions Ltd. (Exide Energy) to produce electric vehicle (EV) battery in India.
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.
