Investments
Singapore financial technology firm Xen Capital raises $7.5M Series A led by Headline Asia
Xen Capital has raised $7.5 million in a Series A round led by Headline Asia (formerly known as Infinity Ventures) to scale its business to business to consumer (B2B2C) alternative investment platform.
South Korean online lending platform PeopleFund raises $64M Series C funding led by Bain Capital
PeopleFund will utilize the funds to hire artificial intelligence (AI) engineers and acquire alternative data to further upgrade its credit-scoring algorithm while focusing on credit scoring technology with the acquisition of MyData license set for late this year.
Japan’s Space BD raises $9.2M from Temasek arm and others
Space BD has raised a total of 1.04 billion JPY ($9.2 million) through a third-party allotment of new shares to the existing shareholders Incubate Fund, Anniversaire Holdings, SMBC Venture Capital, Mizuho Capital, and the new shareholder Pavilion Capital, wholly owned by Temasek Holdings, a Singapore government-affiliated investment company.
India fintech platform Simpl raises $40M Series B funding led by Valar Ventures and IA Ventures
Simpl, has raised a $40 million Series B round led by Valar Ventures and IA Ventures with participation from LFH Ventures and other internal investors. The investment brings the total capital raised by the company to $83 million.
Singapore SaaS platform Tigerhall raises $7M funding led by Monk’s Hill Ventures
Tigerhall has raised $7 million funding led by Monk’s Hill Ventures.Other investors participating in the round include Vulpes Investment Management, XA Networkand Taurus Ventures. The funding will be used to expand its footprint into the United States and Asia Pacific (APAC) markets to continue expanding its enterprise client base.
Taiwan social commerce startup LinkBy raises $1.54M to expand partnerships across Asia
LinkBy has raised $1.54 million in an oversubscribed Series Pre-A funding round. Led by global venture capital firm Hive Ventures, the round also saw participation from 18 other investors including institutional/corporate investors such as Artesian Capital and Animoca Brands.
Singapore smart POS provider Qashier raises $4.7M to accelerate regional expansion
Qashier announced Thursday a $4.7 million fundraise from Exor Seeds, the technology-focused venture arm of Exor. The company will be expanding its presence in Malaysia following the fundraise, as entering other parts of the Southeast Asian market is next in line as part of the company’s growth plan.
Singapore eco-tourism firm Big Tiny raises $3M in Pre-Series A funding
Big Tiny has raised $3 million in pre-Series A funding, gives the business a valuation cap of $22.5 million. The round was led by a prominent businessman, Koh Boon Hwee, along with Phillip Private Equity, GPPC Capital Limited, and Ascend Angels. This latest funding will be used to build on Big Tiny’s momentum, fuelling further growth in Australia as well as…
AC Ventures raises over $205M for oversubscribed Fund III to invest in Indonesia’s next generation of technology leaders
AC Ventures has closed its Fund III with over $205 million in committed capital, bringing the firm’s total asset under management to over $380 million across its funds. The fund was oversubscribed and participated by renowned global and regional institutional investors, including the World Bank’s International Finance Corporation (IFC) and Disrupt AD, Abu…
India’s Zoomcar to start operations in Vietnam
Zoomcar, which dominates the self-drive car rental market in India, has expanded to Southeast Asia. This broader geographic expansion is in line with Zoomcar’s ultimate mission to democratize car access across the world’s largest, most populated, and fastest-growing emerging markets.
