Thursday, May 23, 2019
Tags Deal Update

Tag: Deal Update

Blockchain Insurance Consortium B3i Quietly Raises $16M

B3i, a blockchain startup owned by some of the world’s largest insurance companies, quietly raised about $16m last month, bringing its total capital to over $22m, according to corporate registry filings in Switzerland. Read more: coindesk.com

Singapore FinTech Startup Instarem Closes $41M Series C for Global Growth

Singapore’s Instarem, a FinTech startup that helps banks and consumers send money overseas at lower cost, has closed a $41m Series C financing round to go after global expansion opportunities. Read more: techcrunch.com

Fintech Point Raises $22m in Series B, Adds $100m in Platform...

Point, a FinTech targeting home equity services, has closed on a Series B funding round led by Prudential Financial (NYSE:PRU) and DAG Ventures, with participation from existing investors including Andreessen Horowitz, Ribbit Capital, and Bloomberg Beta. Read more: crowdfundinsider.com

Crypto App Donut Gets Sweet $1.8m Seed Funding

Donut, an investment app for digital assets, has completed a $1.8m seed round led by early-stage VC Redalpine. Read more: bankingtech.com

OKEx Trades Over $2.4bn In Crypto Derivates In 24 Hours, Tops...

OKEx just hit a record in crypto derivatives trading, knocking BitMEX off the top spot. Read more: bitcoinist.com

In Brief: India Mobile POS Firm Raises $31m From Existing Investors

India-based mobile point-of-sales company Mswipe has raised around 2.2 billion Indian rupees(US$ 31.7 million) in a new round of funding from existing investors. Read more: techinasia.com

Philippine-based InsurTech Startup Gets $1m Seed Funding from Sage Venture, Talino...

Philippine-based InsurTech startup Saphron has completed a US$1m seed funding with Sage Venture and Talino Venture Labs. Read more: techinasia.com

Tokopedia Invests in Digital Wallet Startup OVO

Tokopedia, the Indonesian e-commerce unicorn, has invested an undisclosed amount in digital wallet startup OVO, a source familiar with the matter confirmed to Tech in Asia. Read more: techinasia.com

Kakao’s Crypto Business Raises $90m Funding

South Korea-based Kakao’s crypto unit has raised $90 million through a private coin offering and is planning another round targeting a similar sum this week. Read more: bankingtech.com

In Brief: Chinese Digital Lender Nets Series C Funding, Brings Valuation...

Lufax, a Chinese online wealth management and retail-lending technology platform, has completed a US$1.3 billion series C fundraise, bringing its estimated valuation to US$39.4 billion. Read more: techinasia.com