Norfund grants $30M convertible loan to Vietnam’s SeABank

Norfund, the Norwegian Investment Fund for Developing Countries, has decided to invest $30 million to Vietnam-based Southeast Asia Commercial Joint Stock Bank (SeABank) in form of a convertible loan.

Funding Societies raises $7.5M in debt from Norfund

Funding Societies | Modalku, the largest unified small and medium enterprises (SME) digital finance platform in Southeast Asia, has on Thursday announced that it has raised $7.5 million in debt from Norfund, a Development Financial Institution (DFI) which operates an investment fund owned by the Norwegian government for developing countries.

Temasek-backed Openspace Ventures closes third vehicle at $200M 

Since establishment in 2014, Openspace Ventures has invested in 33 companies across verticals including logistics, FinTech, AgriTech, EdTech, HealthTech, CleanTech, and B2B SaaS. One of the firm’s earlier investments includes Indonesian unicorn Gojek.