5 major FinTech funding rounds reported in the APAC
By Gloria Mathias
The rise of new FinTech start-ups, new-to-bank population, and technological advancements have paved the way for an upsurge in FinTech evolution. FinTechs are becoming mainstream with more investment made than ever before. Tracking FinTech investments provides a better perspective on the competitive and strategic trends in the industry.
Below listed are five notable FinTech funding rounds in APAC:
Altitude, a financial services platform offering alternative investment tools, has raised around $500k in a pre-seed round and is on a mission to build an alternate investment ecosystem leading to the launch of Prism. The funding round saw participation from over 40 esteemed investors from notable institutions and various sectors.
Collectius, the restructuring partner for financial institutions in Asia, has secured an additional $42 million (THB1.48 billion) in non-performing loans (NPL) in Thailand. The deal, which includes a combination of credit cards and personal loans, extends the strong momentum of portfolio acquisition for Collectius.
DPDzero, an India-based FinTech with a vision to build a robust repayments infrastructure has raised $3.25 million in Seed Funding led by Blume Ventures and IndiaQuotient. The round witnessed participation from banking and FinTech leaders such as Sunil Gulati and Nikhil Kumar.
Pahal Financial Services (Pahal), a microfinance institution dedicated to promoting financial inclusion, has announced its collaboration with the U.S. International Development Finance Corporation (DFC), resulting in a substantial $12 million investment aimed at advancing financial inclusion efforts in rural and semi-urban regions of India.
Uzum has planned to invest $300 million to fund further growth of the digital economy in Uzbekistan alongside prominent international investors. Investments are planned to be allocated towards accelerating the expansion of e-commerce, digital banking and FinTech services offered by Uzum Group as well as expanding the company’s own logistics infrastructure.
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December 08, 2023