Funding
Hyphen Group Raises US$20M Funding Round Led by PCCW
The Hyphen Group, formerly known as CompareAsiaGroup, announced that it has closed a new US$20 million investment round led by technology company PCCW. While further details were not disclosed, a PCCW filing with the Hong Kong Stock Exchange suggests that
Read More
Hong Kong’s Chat Management Platform imBee Raises US$5 Million Series A
imBee, a Hong Kong-headquartered chat management platform, announced that it has raised US$5 million in Series A funding led by global venture capital firm DCM. The company said that it will use the funds to advance its platform offerings, go
Read More
Airwallex Extends Series E With Additional US$100 Million Funding
Cross border payments firm Airwallex announced that it recently closed its Series E2 financing round with the same US$5.5 billion valuation, bringing its total funds raised to more than US$900 million. The fintech had managed to extend its Series E
Read More
YAS MicroInsurance Closes US$4.5 Million Pre-series A
YAS MicroInsurance, a blockchain based insurtech company, announced the completion of its US$4.5 million Pre-Series A funding round. led by Noria Capital, ZEMU VC and JKL Capital. Lead investor Noria Capital will also share its expertise in the Middle East
Read More
Animoca Brands Raises US$38M From True Global Ventures, Appoints New CFO
True Global Ventures 4 Plus Fund and Follow On Fund (TGV 4 Plus FoF) has invested US$38 million in Animoca Brands and bought US$16 million in equity from the secondary market. This comes in addition to TGV’s participation in the
Read More
Top 10 Investors Supporting Hong Kong’s Fintech Scene in 2022
With a strong capital pool and supportive government-led policies, Hong Kong has offered a solid foundation for companies to innovate, scale and transform the future of fintech. Today, Hong Kong has one of the highest consumer fintech adoption rates (67%) in the
Read More
Animoca Brands Japan Raises US$45 Million From Parent Firm and MUFG
Animoca Brands’ Japanese subsidiary announced that it has raised a total of US$45 million to increase the value and utility of its branded content while fostering the development of a safe and secure NFT ecosystem in the country. The investment
Read More
StanChart Joins Chekk’s Multi-Million Dollar Funding Round
Standard Chartered’s innovation, fintech investment and ventures arm SC Ventures announced that it has invested funds in Chekk, a Hong Kong-based KYC, KYB and data management platform. Details of the investment was not disclosed. SC Ventures joins Chekk’s multi-million dollar
Read More
Top 7 Most Well-Funded Fintechs in Mainland China in 2022
China’s fintech sector has taken a big hit these past couple of years amid a broad crackdown on the tech sector that started in 2020. After largely giving tech companies free rein to grow, China has tightened its grip on
Read More
Animoca Brands Raises Over US$75 Million With US$5.9 Billion Valuation
Animoca Brands, the company driving digital property rights via NFTs and gaming to build the open metaverse, announced that it has raised US$75.32 million. According to a report by CoinDesk, the fundraise values Animoca Brands at US$5.9 billion. The current
Read More