Investing in FinTech

Dec
09

Vietnam second among ASEAN members in attracting fintech funding

Vietnam’s fintech firms secured $410 million, or 36 percent of the global capital pouring into Southeast Asia between January and September, behind Singapore. The country’s share of regional venture capital funding devoted to fintech soared from just 0.4 percent in 2018, according to a report prepared by the United Overseas Bank (UOB), PwC and the […]

By Reposted by International FinTech | FinTech . Investing . Venture Capital
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Nov
27

MiddleGame Ventures announces $165m FinTech-focused fund

MiddleGame Ventures (MGV), a fintech-focused investment firm, announced today that it had raised a new fund targeting post-seed, series A and series B lead investments in Europe and North America. MGV’s Venture Fund I has achieved its first close, with a final close target size of $165MM. It will invest in and partner with B2B […]

By Reposted by International FinTech | FinTech . Investing . Venture Capital
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Nov
26

India’s Paytm raises $1bn with SoftBank’s contribution

Indian financial technology giant Paytm has raised $1 billion in a new financing round led by U.S.-based global asset manager T Rowe Price and backed by existing investors Ant Financial, SoftBank Vision Fund and Discovery Capital, the company said Monday. The Series G funding round values Paytm at about $16 billion and comes as the […]

By Reposted by International FinTech | FinTech . Investing . Payments
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Nov
20

The latest marker of Chinese interest in African fintech is a $120 million funding round for OPay

Chinese interest in African fintech has just stepped up another gear. OPay, the payments service operating in Nigeria, has raised $120 million in a Series B round led mainly by Chinese investors including familiar names like Sequoia China, IDG Capital and Source Code Capital. The round also included participation from Softbank Ventures Asia, Meituan-Dianping, DragonBall […]

By Reposted by International FinTech | FinTech . Investing . Payments . Venture Capital
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Nov
20

Indonesia study: P2P lenders create thousands of jobs, reduce poverty

Peer-to-peer (P2P) lending platforms have provided jobs for more than 362,000 Indonesians and reduced the poverty rate by 0.7 per cent – equal to 177,000 individuals – as they provide access to financing in cities and remote areas alike, a study said last week. The study was conducted by local think tank Institute for Development […]

By Reposted by International FinTech | Borrowing . FinTech . Investing . Lending . Peer-to-Peer
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Nov
12

Singapore FinTech startup M-DAQ wins Samsung’s backing

Singapore fintech startup M-DAQ Pte won the backing of Samsung Group’s venture capital fund in a bid to expand in South Korea and beyond. With Samsung’s investment in its pre-series D round, the company’s valuation will exceed S$500 million ($368 million), up from S$250 million in November 2015, according to Chief Executive Officer Richard Koh. […]

By Reposted by International FinTech | FinTech . Investing . Venture Capital
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Nov
12

Tokyo-based WealthNavi raises $37.6m in Series D round

Tokyo-based WealthNavi, provider of Japan’s biggest financial robo-adviser service, has secured 4.1 billion yen ($37.6 million) in its Series D funding round backed by a fund launched by Sony Financial Ventures and Global Brain, according to an announcement. Other investors including UTokyo Innovation Platform, SMBC Venture Capital, Mizuho Bank, Opt Ventures, and Resona Capital also […]

By Reposted by International FinTech | FinTech . Investing . Robo-Advice . Venture Capital
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Nov
11

FinTech startup troy successfully completes Series A financing round

FinTech startup troy, which specializes in customer-friendly debt collection, has successfully completed its second round of financing, raising a medium-sized seven-digit amount. troy completed the funding round with the help of four new investors: eCAPITAL, BORN2GROW, Avala Capital and Seed X Liechtenstein AG. Also, all existing investors have re-invested. The former lead investor, HTGF High-Tech-Gründerfonds, […]

By Reposted by International FinTech | FinTech . Investing . Venture Capital
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