Funding

Japan’s SMBC, Incubate Fund Set up US$200 Million Fintech Fund in Singapore

Japan’s Sumitomo Mitsui Banking Corporation (SMBC) and early-stage venture capital firm Incubate Fund has co-founded the US$200 million “SMBC Asia Rising Fund” in Singapore. Since its inception in 2010, the Japan-based Incubate Fund has invested more than JPY 98.3 billion

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MUFG Set to Launch New Debt Funds Worth US$400 Million in Japan, Europe

Mitsubishi UFJ Financial Group (MUFG) announced plans to establish two new debt funds for Japanese and European startups worth almost US$400 million in total. The group’s subsidiary MUFG Bank and Israeli fintech Liquidity Capital will be providing the funding under

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Hong Kong VC firm Launches $100 Million Blockchain Fund

CMCC Global, a Hong Kong-based venture capital firm, announced the launch of a new US$100 million fund focused solely on blockchain opportunities. The move demonstrates the firm’s confidence in the island’s potential to become a hub for virtual asset trading.

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Singaporean VC The Edgeof Set to Acquire SoftBank Ventures Asia

The Edgeof, a newly formed ecosystem builder and venture capital entity in Singapore, has agreed to acquire SoftBank Ventures Asia (SBVA), a wholly-owned subsidiary of SoftBank Group (SBG). The acquisition is contingent upon regulatory approval and is expected to be

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Top 5 Tech Trends in Asia in 2023

In Asia, increased digitalization across industries is fueling the growth of the venture capital (VC) landscape. In 2022, though the region was not immune to the global tech funding pullback, the tech sector remained a dominant theme for private capital

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Top 5 Most Well-Funded Fintech and Insurtech Startups in Japan

Japan’s venture capital (VC) market has grown strongly over the past years, rising fifteenfold in less than a decade, from a low point in 2012 at JPY 21.9 billion (US$168.8 million) to JPY 329 billion (US$2.5 billion) in 2021, data

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5 Notable Fintech Investments in Asia By Japan’s SoftBank

Since its inception, SoftBank Group Corp. has made a name for itself as a significant player in the tech startup industry. But it has been a tough year for the Japanese conglomerate and its CEO Masayoshi Son, as valuations for

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South Korean P2P Lender PeopleFund Raises US$20 Million Led by Bain Capital

South Korean peer-to-peer (P2P) lending platform PeopleFund announced that it has raised an additional US$20 million led by existing investor Bain Capital. The round, which was open only to its existing investors, was joined by Access Ventures, CLSA Capital Partners

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Korean Super App Toss Valued at US$7 Billion With Latest Series G Fundraise

Toss, a South Korean super app operated by fintech startup Viva Republica, announced that it has raised a US$405 million Series G funding round and is now valued at US$$7 billion, according to a report by TechCrunch. This is the

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Hashkey and ZA International Join Forces to Invest in Digital Assets, Web 3.0

HashKey Group, a Hong Kong-based digital asset management and blockchain solutions provider, has partnered with digital insurer ZA International to invest in digital assets, Web 3.0 and distributed ledger technology (DLT) amongst other areas. Through this MoU, both entities will

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