Tokyo-based fintech company SBI Group has invested $6.3 million into Indonesian peer-to-peer lending startup Taralite, the firm announced today. The financial terms were not disclosed. The funds will be used to build a “world-class R&D team”, which would build an algorithm for Taralite’s future plan to be a “one-stop shop”…. Read more »
By Andy Mukherjee
The hefty checks that SoftBank and GIC wrote last week send a clear signal
In two separate business developments, KPMG International has acquired Hong Kong-based fintech matchmaker Matchi, while Accenture bought The Monkeys and Maud, two Australia-based companies engaged in creative, and design businesses. Hong Kong: KPMG buys fintech matchmaker Matchi KPMG International has acquired Matchi, a Hong Kong-based global fintech innovation and matchmaking… Read more »
One Mobikwik Systems Pvt. Ltd, an Indian digital payments service provider, is set to raise funds from investors including BlackRock Inc. valuing the company at about $1 billion, a person with direct knowledge of the matter said. The company based near New Delhi is in advanced talks to raise more… Read more »
Two important trends in the Indian incubator/accelerator ecosystem are partnership-driven, sector-specific initiatives.
Gaurav Sharma of Atlantis Capital believes that the venture ecosystems of Asian destinations such as Singapore and Hong Kong need a Silicon Valley-like deep tech talent pipeline in order to grow. When it comes to talent, he also suggests that Asia-based venture capital firms look inwards and diversify their own talent profiles to… Read more »
Jakarta-based co-working space Rework has launched a new mobile app along with its second office in Kuningan, South Jakarta. VC firm 500 Startups has appointed Malaysian actor Ashraf Sinclair as a new venture partner, while Indonesian Financial Services Authority (OJK) partners the Australian government to develop fintech. Rework launches new app,… Read more »