Finance

Kenanga Investors announces launch of unicorn-focused fund

The fund will feed into the target fund Ericsenz-K2 Global Unicorn Fund.

East Venture Leads Series A Funding Of Trading Platform Stockbit

Stockbit is an Indonesian based stock investing app targeting millennials.
MoneyMatch 2

Malaysian Fintech Startup MoneyMatch Granted Remittance License

The startup has expanded into a 50-person team and processed a total amount of transactions of more than MYR450M ( ~US$109M).
DIGICRO 1

Cambodian Fintech DIGICRO Raises US$300K From Seed Funding

The funding is led by Japanese venture capital, Showcase Capital.
Credit Culture Singapore

Singapore fintech startup raises US$29.5 million funding from Malaysian RCE Capital Berhad

Funds will be used to build the startup’s operational capabilities.

Microfinance lender MFIL adds on US$1 million debt from Maybank

MFIL will use the proceeds from the US$1 million equivalent loan to expand its business and loan portfolio.

CIP to divest 65 percent stake in LMG Chemicals, its manufacturing and distribution subsidiary

CIP has long been attempting to sell the shell company of LMG.

Sequoia China, CMC Holdings to establish sports investment fund

Sequoia Capital China and China Media Capital (CMC) have jointly established a sports investment fund to back and consolidate global premium sports assets. The two...

Carlyle to launch new fund backed by IFC, targeting US$1 billion commitment to invest...

The Carlyle Group, a US-based private equity firm is raising US$1 billion under its Asian growth fund to further expand its investment portfolio in...

Formation Group raised US$357 million for debut fund to invest in early and growth...

Formation Group has recently raised US$357 million of commitments for its Formation Group Fund 1 which will be investing in a concentrated number of early and growth stage companies.
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