To date, it is the first time that 500 Startups has injected the capital into the Thai company directly.
Search Results for: T2P
Thailand’s fintech startup T2P signs a for a partnership with Myanmar’s City Mart Holdings. Tourism start-ups in Mekong Region opened for two accelerator programs under MIST.
It plans to fund around 500 million to 1 billion baht to co-invest in each project and expects to wrap up the deals by the end of this year.
Fintech startup Jirnexu (formerly Saving Plus), which operates in Singapore and Malaysia, has raised $3 million in Series A funding. This investment takes their total funding to $4.5 million.
Fashion discovery app Goxip has raised a $1.62 million seed round, wealth management firm Mesitis has raised $2.35 million in funding and IsItUp has raised an undisclosed seed investment.
But many larger P2P companies including Lufax, Yirendai, PPDAI and Dianrong.com, say they already comply with many of the new requirements, so could benefit from the restrictions.
RBI said it would be “prudent” to regulate the business because of “the impact it can have on traditional banking channels” and NBFCs and its “potential to disrupt the financial sector and throw up surprises”.
“I believe that having a regulated market that has a generous number of competitors is a good thing as this will allow more innovation, and allow entrepreneurs and investors to find the best company to work from,” said Best.
With the growing interest in financial technology (fintech) and recent developments in the equity crowdfunding (ECF) space, peer-to-peer payment platforms are attracting the attention as an avenue for investment. Co-founder of Capital Match, Pawel Kuznicki, a former McKinsey managing consultant and Rocket Internet alumnus, who served in senior roles at online… Read more »
Bloomberry Resorts Corporation, a listed developer of tourist facilities, casino entertainment, hotel and amusement-themed projects in the Philippines, has signed acquisition deals for an Island property, and a casino in South Korea. Transaction details weren’t disclosed but Bloomberry assured the stock exchange that it will reveal the relevant information once agreements… Read more »