Filipinos working abroad remitted $2.88 billion in August.
Indian student loan platform Credenc raises $2.5m from Omidyar, others
China Deal Monitor: E-invoicing firm Ekuaibao raises $50m and more updates
SoftBank said to take control of WeWork, Neumann to exit board
China’s Harbin Pharma mulls taking over US-based vitamin retailer
SG Digest: Olam acquires US firm; Mapletree trust seeks to raise $183m
Temasek makes $3b bid to take control of Singapore’s Keppel Corp
Nadiem Makarim steps down from Gojek CEO role, to join Jokowi’s cabinet
Vietnam’s VinaCapital reveals $626m private equity pipeline
Vietnamese B2B marketplace Telio said to bag Tiger Global-led Series A
[Updated] Fashion platform Zilingo to invest $100m in US expansion
The funding round was also backed by Point72 Ventures, Dymon Asia, Next Billion Ventures, and Endeavor Catalyst.
KKR will make the investment from its $9.3-billion Asian Fund III.
Q & A
PayMongo recently raised $2.7 million in a seed round from Silicon Valley investors.
IPOs & Markets
Asset World Corp and AllHome Corp raised $1.6 billion and $285 million, respectively.
The low-cost airline has been looking to go public since 2015, but has shelved its plan several times.
Specialized retail is considered more attractive than general retail as it’s less susceptible to e-commerce disruption.
Metro Pacific would get $970 million from selling down its 60% stake in Metro Pacific Hospital Holdings Inc. to about 20%.
Indonesia’s OJK has granted the first equity crowdfunding licence to Yogyakarta-based fintech firm Santara.
The investors include Paypal co-founder Peter Thiel and Tinder Co-Founder Justin Mateen.
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