Investments

Lupl is a privately-held company based in Washington, DC specializing in the management of large volumes of legal transactions. It has been increasing its presence in Asia as it recently signed a Memorandum of Understanding (MoU) with the Ministry of Law of Singapore to advance the city-state’s legal sector digitalization.

Darwinbox plans to use this fresh capital to scale its operations within India and Southeast Asian markets, as well as expand in other emerging markets in the Middle East and Africa. 

M-Service, the company responsible for operating Vietnam’s most popular e-wallet service MoMo, has secured at least $100 million in a Series D funding round. This is the most recent new capital infusion for the company since it closed its Series C in 2019.

The company plans to grow the team and work on its current product offerings and set up new offerings to further diversify. This will include working on ZipUp, Zipmex’s interest-bearing product, and ZMT, its new native token.

This is the first time for Grab’s FinTech arm to secure money from new investors. The new investment in Grab Financial Group is substantial, but Grab Holdings Inc. continues to own the majority stake in the subsidiary.

GCash has reportedly facilitated over $20.78 billion (PhP1 trillion) in in-app transactions in 2020 and grew its customer based to 33 million, amid increased demand for online payments and money transfer transactions during the COVID-19 pandemic

Nusantics is planning to use the fund to continue expanding its research and development in the field of genomes of different microorganisms. Aside from microbiome analysis, Nusantics also plans to delve into research and production geared towards medical diagnostic kits, specifically Covid-19.  

Robo-advisor mutual fund investment app Bibit raised $30 million in a Series A led by Sequoia Capital India. The funding round was also participated by previous investors EV Growth, AC Ventures, East Ventures, and the global early-stage venture fund 500 Startups.