Antonia Timmerman

UK money transfer startup WorldRemit raises $40m for Indonesia push

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.

China Digest: No Panda Culture gets $10.6m; SoupMaster secures series A

Shanghai-based entertainment and culture agency No Panda Culture (Bukongwenhua) has received $10.6 million from private equity firm Hg Capital and, 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 »

China Digest: Fosun RZ invests in T2 Cloud; raises $15m series A

Cloud solutions provider T2 Cloud has raised $16.4 million in a series B round while Hangzhou-based cloud computing technology company 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 »

Indonesia to curate 100 startups to showcase to global investors, aims to have 5th unicorn by 2019

The idea is to enable startups to secure late stages of series A, series B and above funding.

Exclusive: Indonesian commodity player & LP Gunung Sewu sets sights on fintech, Big Data

Gunung Sewu is an LP in Indonesia-focused VC firms Alpha JWC Ventures and Convergence Ventures.

People Digest: Peter Fang returns to Sinovation; Aviva poaches from BNP Paribas for Asia

Fang was previously senior director of corporate investment, mergers and acquisitions at Baidu.

People Digest: ex-Morgan Stanley CEO joins StashAway committee; Julius Baer appoints Taiwan head

Sim Hwee Hoon, the former chief executive of Morgan Stanley in Singapore, has joined the StashAway Advisory Committee.

Indonesia: GREE Ventures-backed Ayopop raises Series A led by Finch Capital

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 A representative of Finch Capital will join Ayopop’s board upon investment. The VC firm was earlier known… Read more »

Sequoia China invests in Hong Kong-based fixed income manager Income Partners

Income Partners said Sequoia’s backing will bring it closer to its goal of becoming Asia’s leading fixed income manager.

Indonesia: Telkom agrees to buy Malaysia’s TS Global Network for $26m

The Malaysian firm is the largest VSAT satellite operator in the country, serving corporate clients