Funding

Pet Insurer OneDegree Raises US$28 Million to Expand Across Five Continents

OneDegree, a Hong Kong-based insurtech startup under the Cyberport Incubation Programme, announced that it has raised US$28 million in a Series B1 funding round, bringing its total funds raised to over US$70 million. This Series B1 funding round includes participation

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Cyberport Approves HK$10 Million for 93 Fintechs Through Its Subsidy Scheme

Hong Kong digital tech park Cyberport announced that it has approved a total grant of HK$10 million for 93 projects for the second phase of its Fintech Proof-of-Concept Subsidy Scheme. The subsidy scheme which was commissioned by the Financial Services

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ESG Data Firm MioTech Raises Undisclosed Funding From Singapore’s GIC

MioTech, a Hong Kong-based sustainability data and solutions provider, has raised an undisclosed sum from Guotai Junan International and GIC during a series B+ funding round. The company’s earlier investors include ZhenFund, Horizons Ventures, TOM Group, Moody’s, and HSBC. The

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Cross-Border Payments Firm Currenxie Pulls in US$10 Million From Series A Fundraise

Currenxie, a Hong Kong-headquartered cross-border payments company, announced that it has successfully closed a US$10 million Series A funding round led by family office BF Belmont. Predominantly self-funded by Goldman Sachs alumni and co-founders, Riccardo and Alison Capelvenere, the latest

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Airwallex Launches US$200 Million VC Fund to Back Startups in Its Network

Airwallex, a cross border payment company, announced plans to establish a new venture capital fund set up by its founders named Capital 49 that will invest into early stage, high-growth technology-enabled companies powered by its infrastructure. The new fund aims

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Cyberport’s Fund Invested a Total of HK$14.87 Million Into Four of Its Startups

Hong Kong digital tech park Cyberport has invested a total of HK$14.87 million (US$1.92 million) in four of the startups in its network including Lynk, Rice Robotics, Dash Living and Hex Trust over the past six months through its Cyberport

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Digital Asset Custodian Hex Trust Raises Undisclosed Sum From Cyberport

Hong Kong-based digital asset custody service provider Hex Trust announced it has successfully secured investment from Cyberport, a local fintech hub and digital community. The sum was not disclosed. The investment enables Hex Trust to scale operations, hire key talents

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Singapore’s GIC Invests US$ 70 Million in Digital Asset Firm BC Group

BC Technology Group, a digital asset and fintech company as well as the parent company of OSL, secured an investment of US$ 70 million (HKD 543.19 million) from GIC, a Singaporean sovereign wealth fund. The company intends to develop and enhance

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Ping An Completes Initial Close of US$200 Million Fintech & Healthtech Venture Fund

Ping An Insurance announced the initial close of Ping An Voyager Partners, LP, a growth stage venture fund, having secured approximately US$200 million in commitments toward its planned US$475 million offering. Targeted at institutional investors, Voyager Partners will make investments

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Insurtech Ignatica Closes $7 Million Pre-Series A Round

Ignatica, an insurance policy administration platform that offers digital self-service and intelligent automation solutions for insurers, announced that it has closed US$ 7 million in pre-series A funding round. The fund raise was led by Lingfeng Capital, with participation from the

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