With Yoma Strategic on board, Wave Money Myanmar feels access to capital would be easier


The deal is being seen as a win-win for both. For Yoma Strategic, it means entry into the fintech industry of Myanmar. And, for Wave Money, it translates into access of capital from the SGX-listed firm.

Myanmar: GSMA Innovation Fund awards six-digit grants to New Day, Kargo

The two Myanmar firms were among 24 startups based in 15 markets around Africa and Asia Pacific

Myanmar’s JobNet secures seven-digit US dollar investment

The financing came from a London-based emerging markets-focused fund and Vostok New Ventures, an investment company based in Sweden.

SGX-listed Yoma Strategic buys 34% stake in Myanmar mobile wallet Wave Money

Post acquisition, Wave Money will be owned by Telenor (51%), Yoma Strategic (34%) while FMI and Yoma Bank will hold 10% and 5% respectively.

SGX-listed Memories Group to buy luxury yachting business Burma Boating

The acquisition will enable the Group to extend its earning base, and enhance its portfolio exposure to the growing tourism market in Myanmar.

Myanmar Digest: Singapore SMI to expand coffee chain; Lankan MFI to start ops

Singapore Mainboard-listed SMI is looking to expand its brand, The Coffee Bean & Tea Leaf, while Sri Lanka’s CBC Myanmar Microfinance Co Ltd will also start operations.

Exclusive: Anthem Asia to raise $40-50m for SME fund, IFC mulling up to $15m funding

IFC’s proposed funding includes $7.5m in equity investment and co-investment of $7.5m.

Myanmar: Property portal ShweProperty raises seven-digit dollar funding

The latest funding round in ShweProperty was led by an unnamed existing investor, a London-based emerging markets-focused fund.

SG’s Oxley-led consortium bags $2.5b Yangon Central Railway upgrade project

The project will be a mixed development project comprising a new central transportation hub that integrates rail and mass transit.

GSMA innovation fund to extend grants to 15 startups in its next round

Each of the selected startups receives between £100,000 ($139,000) and £250,000 ($347,500) in funding.