While IDBI Bank owns 48% of the insurance company, Federal Bank and Ageas Insurance International NV own 26% each.
The acquisition has paved the entry of UOB Asset Management in Indonesia.
The study also revealed that pension funds from emerging markets have become more prominent in the rankings in recent years.
Incorporated in September 2017, Cashflo caters to SMEs in over 30 cities.
Yelo has raised its first round of institutional funding led by Matrix Partners India.
It has appointed Dheeraj Chowdhry as the chief executive officer, Matt Lambie as the chief technical officer, and Jared Goldberg as the chief data off
For Kredivo, it is its largest deal with an offshore lender, while for PFG, it represents its first deal in Indonesia, and one of its largest in the A
K2VC is a venture capital firm focused on early-stage investments in technology startups in China.
Railsbank is also setting up a Singapore office as part of this expansion, which will act as a gateway into the region.
While SoftBank continues to be the 800-pound gorilla in funding rounds of around $500 million, it is facing competition from pension and sovereign fun
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