The contours of the partnership are currently being worked out and a deal is expected to be announced soon.
Co-founded by Anu Shah at Harvard University, EFI Hub started 1.5 years ago with an initial corpus of more than $300,000 raised from angel investors.
Venturra Seed, the offshoot, is close to sealing its first investment.
Initial discussions are said to have taken place with Singapore-based Insignia Ventures Partners, early stage fintech investor Finch Capital and Monk'
IPOs & Markets
The company is even planning to set up a $5-million fund from the IPO proceeds to finance its Hollywood projects.
Koinworks, which started operating in the P2P lending space in 2016, raised an angel funding round in 2017.
The company, which connects sellers and buyers looking for deals at wholesale prices, is close to finalising the round.
Bizzy's backers include Sinar Mas Digital Ventures, Ardent Capital and Maloekoe Ventures.
Focused on Indonesia currently, the VC firm plans to make inroads into the rest of SE Asia soon.
Indonesia’s low insurance penetration rates render the market extremely attractive.
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