The APAC region now accounts for 25% of WorldRemit’s total revenue. Indonesia makes up about 40 per cent of WorldRemit’s transfers to the region.
Shanghai-based entertainment and culture agency No Panda Culture (Bukongwenhua) has received $10.6 million from private equity firm Hg Capital and Book.weibo.com, while Chinese restaurant chain SoupMaster has secured “tens of millions of RMB” in a series A round led by Lightspeed China Partners. Hg Capital backs No Panda Culture Both… Read more »
Cloud solutions provider T2 Cloud has raised $16.4 million in a series B round while Hangzhou-based cloud computing technology company iTrigger.cn has grabbed $15 million in a series A financing. Fosun RZ Capital backs T2 Cloud Venture capital firm Fosun RZ Capital has led a $16.4 million series B+ round… Read more »
The idea is to enable startups to secure late stages of series A, series B and above funding.
Gunung Sewu is an LP in Indonesia-focused VC firms Alpha JWC Ventures and Convergence Ventures.
Fang was previously senior director of corporate investment, mergers and acquisitions at Baidu.
Sim Hwee Hoon, the former chief executive of Morgan Stanley in Singapore, has joined the StashAway Advisory Committee.
Finch Capital, an early-stage fintech VC firm with a focus on Europe and Southeast Asia, has led a Series A funding round of an undisclosed amount in Indonesian mobile bill payment startup Ayopop.com. A representative of Finch Capital will join Ayopop’s board upon investment. The VC firm was earlier known… Read more »
Income Partners said Sequoia’s backing will bring it closer to its goal of becoming Asia’s leading fixed income manager.
The Malaysian firm is the largest VSAT satellite operator in the country, serving corporate clients