The online finance provider is closing in on $103m in series C funding, having previously raised a total of $120m from investors including CreditEase Fintech Investment Fund.
Month: December 2019
CureFit starts training for $100m round
Temasek could reportedly invest in CureFit at a valuation of $800m, less than six months after Unilever Ventures participated in a $120m round for the wellness services provider.
Mandiri Capital appoints Agusta as director
Bank Mandiri’s fintech-focused investment arm has hired former MDI Ventures vice-president Joshua Agusta as director of fund investments.
EOC Pharma sees its way to series C
Pharmaceutical research provider Tigermed co-led a round sized at nearly $71m for the cancer drug developer, which was spun off from Eddingpharm.
Carmudi Philippines parks itself in CarDekho
Tengelmann Ventures and corporate JV Asia Pacific Internet Group have exited online automotive retail platform Carmudi’s local spinoff in an acquisition by CarDekho.
Acko to accept $20m from Binsal
The Amazon and Intact Financial-backed insurance provider is raising $40m to $42m in a round that will include $20m from Benny Binsal.
Koho cooperates with NAventures for more funding
The mobile banking platform developer lured National Bank of Canada’s venture capital unit to an $18.8m round led by Drive Capital.
Analysis: IPOs of corporate-backed businesses possibly cooling down
The number of flotations of companies that have previously received corporate backing has been growing over the past years but by the end of 2019 they may register a slight slowdown.