APAC Digest: Experian arm buys Australian fintech; Wanwu Xinxuan raises $20m

Photo: Mark Finn/Unsplash

Experian Australia & New Zealand has acquired fintech startup Look Who’s Charging while Wanwu Xinxuan has raised $20 million in a funding round led by Fresh Capital.

Experian A/NZ acquires fintech startup Look Who’s Charging 

Experian Australia & New Zealand has announced the acquisition of Australian fintech startup Look Who’s Charging to bolster its open data offering, it said in a statement. Financial terms were undisclosed.

Look Who’s Charging helps provide instant clarification on merchant identity in unrecognised bank transactions.

The company claims that over 1 billion transactions are enriched every single month through Look Who’s Charging’s platform to provide Australian consumers complete clarity on their spending.

“With Look Who’s Charging’s enriched data integrated into our open data platform, we will be able to provide a uniquely accurate and comprehensive solution for the Australian market,” said Andrew Black, Managing Director of Experian A/NZ.

Wanwu Xinxuan raises $20m funding round led by Fresh Capital

Wanwu Xinxuan, a Chinese social e-commerce platform, has raised $20 million in a Series B round of financing led by Fresh Capital, China Money Network reported.

Redpoint China Ventures also participated in this round.

Launched in August 2018, Wanwu Xinxuan, formerly known as “Bon Bon”, is an online retail platform selling children’s apparel, shoes and accessories. The company also helps young mothers to open their own online boutique maternal store on the platform.

Shanghai-based Fresh Capital is a growth fund focusing on consumer product and service companies.

 

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.