By Juliet Shwe Gaung
Asia Impact Investment Fund I is a JV between UOB Venture Management and Singapore branch of Credit Suisse AG.
The microfinance arm of the World Bank will use the loan to extend services to rural and urban communities.
Seedstars is planning to establish an entity in Myanmar together with a possible investor.
The local agreement will allow Proximity Designs to fully hedge U.S. dollar funding attracted from overseas.
Bindez has previously raised seed and angel investments from international investors including 500 Startups.
Construction is expected to take about two years.
Wave Money has been running experiments in digital payments for the time being.
Both Grab and Uber launched services in Yangon earlier this year seeking growth in the market
MSH’s market capitalisation will be about $23 million.
Hantharwady Development Public Co Ltd is chaired by Than Tun and has over 500 shareholders.