By Poppy Elena McPherson
Banking executives broadly welcomed Thursday’s announcement, though foreign banks will still be prevented from offering retail banking services.
With the first Auntie Anne’s outlet slated to open in Yangon, the brand is eyeing a wider presence in the country over the next five years.
EME Myanmar, with an initial corpus of nearly $3 million, is looking for investments with a ticket size of $50,000 to $200,000.
Launched in January 2016, Rent 2 Own charges users a monthly fee, which covers maintenance and insurance, to rent a motorcycle.
Private equity firm Samena Capital had invested $19 million in SM Asset Holdings in 2017 through its Samena Special Situations Fund III L.P.
The latest investment brings the total funding raised by AND Global and its subsidiaries to $15.3 million, including equity investment and debt financing.
L&M Mayson operates three factories in Myanmar and produces bread, biscuits and cakes. The Yangon-headquartered firm had sales of about 35 billion won ($30.6 million) last year.
Insitor is looking at investing around 25 to 30 per cent of the capital in social sector startups/enterprises in Myanmar.
Easy Microfinance is the tenth MFI in Myanmar that Yoma Bank has extended financing to in the last year.
Nest Tech joins other investors Seed Myanmar and Yangon Capital Partners as part of the round.