On location
India’s Fitmint raises $1.6M seed funding led by General Catalyst
Bengaluru-based move-to-earn startup Fitmint announced Wednesday it has raised seed funding of $1.6 million from multiple venture capital firms and institutional investors. This seed fundraising round was led by renowned international venture capital firm General Catalyst, and it also witnessed participation from iSeed, Kearny Jackson, Dweb3 and 1947 Rise,…
Indonesia’s Mapan secures $15M Series A funding co-led by Patamar Capital and PT Astra Digital Internasional
Mapan, an Indonesia-based FinTech startup, announced Tuesday it has closed a successful Series A round of $15 million co-led by Patamar Capital and PT Astra Digital Internasional, a subsidiary of PT Astra International Tbk (Astra). The round also saw participation from Indonesian giants BRI Ventures, SMDV, Blibli, Prasetia Dwidharma, and global venture…
Climate Impact X selects Nasdaq Technology to power new global carbon exchange
Nasdaq (Nasdaq: NDAQ) and Climate Impact X (CIX), a global marketplace and exchange for quality carbon credits, announced on Wednesday a strategic technology partnership that will help unlock price transparency and liquidity in the voluntary carbon market. The agreement will see CIX leverage Nasdaq’s robust matching technology to power its spot trading…
UK’s Entrepreneur First raises unconventional $158M Series C funding for talent investing in Southeast Asia
Entrepreneur First (EF), a United Kingdom-based scaleup investor in early stage founder talent, said Wednesday it has raised a $158 million Series C funding round from a group of veteran technology founders, including Patrick and John Collison, Reid Hoffman, Taavet Hinrikus and Matt Mullenweg.
Franklin Templeton launches first Asian FinTech incubator in Singapore
Franklin Templeton, one of the world’s largest independent asset managers, on Tuesday officially opened its first Asian FinTech incubator in the heart of Singapore. The new Franklin Templeton Singapore FinTech Incubator is a joint incubation program for early-stage FinTech startups in partnership with F10 Global Innovation Network Singapore Pte. Ltd.……
Ascend Vietnam Ventures surpasses $50M target
Ascend Vietnam Ventures, a seed-stage venture capital firm located in Ho Chi Minh City, announced Tuesday that it has exceeded its $50 million target for its flagship early-stage venture capital fund, AVV Alpha. Led by Binh Tran and Eddie Thai, the fund is seeking the next wave of globally iconic startups emerging from Vietnam.
Funding Societies acquires CardUp to drive payments expansion
Funding Societies, Southeast Asia's largest Small and Medium Enterprises (SME) digital financing platform, announced Wednesday that it is acquiring regional payments solution CardUp, for an undisclosed amount. CardUp's payment services will complement its lending products, to offer a unified financial experience for small and medium-sized enterprises (SMEs)…
Bertelsmann India Investments plans funding exceeding $500M to back tech startups
German media, services, and education company Bertelsmann said Tuesday that its strategic investment arm Bertelsmann India Investments (BII) has raised $500 million to back Indian technology startups. Bertelsmann has implemented its group-wide Boost 25 strategy, and plans to invest between €5 billion ($5.29 billion) and €7 billion ($7.4 billion) by 2025 as…
Singapore’s Panthera Growth to raise $250M second fund to back tech companies
Panthera Growth Partners (PGP), a Singapore-based tech-focused growth investment firm, announced Tuesday the first close of its second fund, having secured commitments for more than half of the target raise. The fund's target has been set at $250 million, and is expected to be reached by end of this fiscal year. It will offer up to 100 percent of fund…
