Japan’s third-largest credit card issuer Credit Saison is launching a $55-million early-stage venture fund for Southeast Asia and India, confirming an earlier report by DealStreetAsia.
According to a statement, Saison Capital aims to invest in six to eight companies each year with initial cheques going up to $1 million. The corporate venture capital (CVC) arm has already begun deploying capital, having invested in the Indonesian peer-to-peer (P2P) lending platform Koinworks.
