Funding

South Korean Payments Firm CHAI Pockets US$45 Million in Series B+ Fundraise

South Korean payments startup CHAI raised US$45 million during a Series B+ funding round that was co-led by SoftBank Ventures Asia (SBVA) and Nyca Partners. SBVA’s participation in this funding round marks their second Series B investment into CHAI. The

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Venture Accelerator Firm Brinc Closes US$30 Million Series B Led by Animoca Brands

Hong Kong-based venture accelerator firm Brinc announced the closing of its US$30 million Series B fundraise led by Hong Kong unicorn Animoca Brands, a prolific investor in NFT-centric and Web 3.0 companies. Additionally, Brinc also received a further US$100 million

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Tech Investment Platform AngelHub Raises US$3 Million

AngelHub, an SFC-regulated tech investment platform and sister-company of WHub, announced that it has secures US$ 3 million from Animoca Brands and its existing investor Kharis Capital. The new funding will accelerate AngelHub’s deployment in tech companies, grow WHub’s corporate

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Alibaba-Backed Hong Kong Firm Qupital Secures US$150 Million Series B

Qupital, a Hong Kong-based financing platform for cross-border e-commerce sellers, announced it has raised US$150 million in a combination of Series B equity funding and a receivables-backed securitisation facility. The Series B round was led by the Greater Bay Area

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Hong Kong’s Virtual Insurer Bowtie Closes US$22.6 Million Series B1 Led by Mitsui

Hong Kong’s virtual insurer Bowtie announced the closing of a US$ 22.6 million Series B1 round led by Mitsui, with participation from existing investor Sun Life Hong Kong. Mitsui is said to be one of the largest Japanese trading firms,

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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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