Funding
Kakao-Backer Korea Investment Partners Close US$60M SE Asia-Focused Fund
Korea Investment Partners Southeast Asia (KIPSEA), a Singapore-based venture capital firm, has raised US$60 million for its first fund focused on Southeast Asia, according to TechCrunch. Investors Samsung Life Insurance, Korea Development Bank, Korea Growth Investment Corporation, Woomi Global, Mirana
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Hong Kong’s Most Prominent Fintech Investors
Hong Kong is home to a burgeoning fintech ecosystem that comprises over 800 fintech companies, among which startup unicorns the Amber Group, Babel Finance, Micro Connect and WeLab. The city boasts a high consumer fintech adoption rate, with 74% of
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Hong Kong Digital Insurer Bowtie Bags US$34.9 Million in Series B2
Hong Kong’s virtual insurer Bowtie announced that it has raised a US$34.9 million Series B2 funding round led by main investor Sun Life Hong Kong and joined by Mitsui & Co., Ltd. In October 2021, Bowtie had closed its US$
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MUFG Sets up JPY 20 Billion Fund to Support Startups With Innovative Tech
Mitsubishi UFJ Financial Group (MUFG) and its subsidiary, Mitsubishi UFJ Innovation Partners (MUIP), have established a JPY 20 billion (US$136.4 million) fund to support startups. The fund, called the MUFG Innovation Partners No. 3 Investment Partnership (No. 3 Fund), will
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Top 5 Funded Fintech Companies in Hong Kong in 2023
With an advantageous geographical location, robust financial sector, and an innovative, conducive regulatory environment, Hong Kong has become a vibrant epicenter of fintech activity. Despite its size, the city has managed to create a dynamic ecosystem that encourages startups to
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Animoca Brands to Invest US$30 Million in Web3.0 Super App hi
Metaverse ecosystem builder Animoca Brands will invest US$30 million in Web3.0 financial super app and ecosystem hi as part of its partnership to expand the utility of fungible tokens and NFTs within the Web3 space. Animoca said in a statement
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SMBC, Global Brain Raise US$210 Million Fund to Create Japanese Unicorns
Japan’s Sumitomo Mitsui Banking Corporation (SMBC) along with its investment arm SMBC Venture Capital Management (SMBC VCM) and venture capital firm Global Brain has jointly set up a fund worth JPY 30 billion (US4210 million). The “SMBC-GB Growth Fund” aims
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OneDegree Secures Its First Venture Debt Financing From HSBC
Hong Kong’s digital insurer OneDegree Group announced that it has closed its first venture debt financing transaction with HSBC. Details of the financing was not disclosed. With this venture debt, OneDegree will be able to bolster its capability to accelerate
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OneDegree Raises Another US$27 Million to Close US$55 Million Series B
Hong Kong’s digital insurer OneDegree Group announced that it has secured an additional US$27 million to close its Series B funding round at US$55 million. The fundraise was joined by existing investors Gobi Partners, Sun Hung Kai and Bitrock. The
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London Stock Exchange: A Gateway to Global Markets for APAC Fintechs
In recent years, the Asia-Pacific (APAC) region has been at the forefront of the FinTech revolution, with many innovative companies disrupting traditional financial services. For APAC FinTech founders and their investors, the decision to raise capital through an initial public
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