The deal marks the first funding in the region to be structured in sharia-compliant terms.
The investment will see Pico further bolster its presence in the Asia Pacific, a region with a rapidly growing financial services sector.
Policy & Regulations
Carro has previously said it is seeking a digital banking licence in Singapore to offer financial services to SMEs in the city-state.
Kothari’s family office has appointed Mumbai-based Arpwood Capital as the banker-cum-adviser for the deal.
Tencent acquired the stake in PolicyBazaar in a secondary transaction from Tiger Global.
IQiyi Smart, backed by Chinese video giant IQiyi, has raised $14 million from Addor Capital and Beixin Capital.
Qingzuan Supply Chain has signed a strategic agreement with AJJ to jointly invest $142 million.
This is a part of an agreement between Vietcombank and FWD Group to set up an exclusive bancassurance pact.
BIDV is Vietnam's second-largest listed bank with a market capitalization of $6.2 billion.
The funds will go to projects with a “strong green focus” and asset managers "committed to deepening green finance activities and capabilities in
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