The investment will be used to spin out Kakao subsidiary Kakao Pay as a separate company, giving China-based Ant Financial a foothold in South Korea.
Month: February 2017
Corporates queue up as Flipkart seeks $1.5bn
Microsoft, Tencent, eBay, PayPal and Alphabet are reportedly in talks with the e-commerce firm for a round that would value it at up to $12bn.
Baidu helps show $1.5bn to iQiyi
Baidu, which holds a majority stake in the video streaming platform, supplied $300m as part of the convertible note round, which also included IDG Capital.
ReplyYes gets positive result with $6.5m series A
The Broadway Video-backed mobile messaging service has now raised $10m in total and signed its first big commercial deal with Universal Music Group.
Aviso looks to the future with $8m
The Bloomberg-backed predictive insights software provider has raised $31m to date, following new funding from Scale Venture Partners, Next World Capital and Shasta Ventures.
Famoco processes $11.7m in investment
France-based near-field communication (NFC) technology developer Famoco raised €11m ($11.7m) in capital on Monday from a consortium that included telecommunications firm Orange, rail network operator SNCF and financial services firm BNP Paribas. The corporates, which participated through their respective Orange Digital Ventures, SNCF Digital Ventures and BNP Paribas Développement units, were joined by Idinvest Partners,… Continue reading Famoco processes $11.7m in investment
One Tap Buy hits up investors for $13.3m
One Tap Buy, a personal finance mobile app developer formerly known as MyBanker, has raised new funding in a round that included existing backer SoftBank.
Sun Basket feeds on $15m
Shea Ventures has made its second investment in the organic meal delivery service, which has now raised more than $43m altogether.
SoftBank helps recharge Balance Hero with series B funds
Balance Hero, the developer of a mobile balance management app called True Balance, has raised $14.9m in a round led by SoftBank Ventures Korea.
Thinxtra aims to channel series B funding
The internet-of-things technology provider is looking to follow a Rakon-backed round in September with about $15m of new funding, some of which could come from the industrial sector.
Fika Ventures finds $40m with help from SPH
The US-based venture capital fund has secured Singapore Press Holdings as a limited partner as it closes $40m in capital.
BCC pays $39m for a ride on Flipkart
Media company Bennett, Coleman & Co has supplied $38.8m in capital and advertising to the e-commerce firm, which is reportedly raising up to $1bn in new funding.
Shinezone brightens up with $58m
The Sina and IDG Capital-backed mobile game publisher plans to use the series B funding to beef up its local incubator activities and global distribution network.
Mobike picks up the pace
The bike sharing company has taken its 2017 funding to $300m, adding cash from Temasek and Hillhouse Capital to the $215m it raised from investors including Tencent last month.