Myanmar Digest: Yoma loan for Kargo; AsiaCarGroup sets up local platform


Kargo has secured a $130,000 loan from Yoma Bank while Australia’s AsiaCarGroup has activated a Myanmar platform for trading of cars.

Myanmar-focused startup SolarHome raises $1m from SG-based Trirec

The follow-on financing by Trirec forms the first tranche of SolarHome’s Series A fundraise that it intends to close within the next quarter. 

Myanmar marketplace rgo47 parent snags funding from Daiwa PI Partners

The investment, which closed on March 14, is the fifth private equity deal in Myanmar for Daiwa PI Partners.

Yangon bourse targets turnaround this year to attract foreign investors

Last year, Myanmar passed a new Companies Law that says foreign investors can own as much as 35 percent of local firms.

EME Myanmar invests in Japan’s Masterpiece-backed call centre in Yangon

This investment marks the fourth deal for the country-focused investment firm EME Myanmar. 

IFC closes $20m debt financing in METRO Wholesale Myanmar

METRO Wholesale Myanmar was set up as a joint venture between SGX-listed Yoma Strategic Holdings Ltd (15%) and METRO AG (85%) in February 2017.

China’s SF Holding acquires 25% stake in Myanmar logistics firm KOSPA

KOSPA is a joint venture between Myanmar’s Yoma Strategic Holdings Ltd and Japan’s Kokubu Group.

EME Myanmar, Nest Tech invest in HR services startup Mote Poh

The startup offers an exclusive rewards book for companies that can stretch their employees’ paychecks by hundreds of dollars a month.

Myanmar Digest: Katapult injects $150k in RecyGlo; Phandeeyar to back five startups

RecyGlo has received $150,000 investment from Norway’s Katapult Ocean accelerator.  Phandeeyar Accelerator will invest up to $125,000 in five tech startups.

People Digest: Ooredoo Myanmar, Yoma Bank chiefs take on new roles

Vikram Sinha has been redesignated as advisor to the CEO of Indosat Ooredoo in Indonesia.