As well, Great Wall Motors re-established a subsidiary in India; Samsung Ventures participated in the M-Daq pre-D round of financing for Singapore’s financial technology start-ups.
Southeast Asia
Yoma Strategic Holdings (YSH) acquired 10% of the money from Myanmar mobile payment company Wave Money from First Myanmar Investment (FMI) for $6 million parts. According to DealStreetAsia, YSH and FMI are listed companies on the Singapore Exchange and Yangon Exchange, respectively. According to the company, Wave Money is already the largest mobile payment company in Myanmar. The company’s CEO said that the total transaction volume of the platform in 2018 has exceeded $1.3 billion, and is expected to reach $5 billion by the end of 2019.
Samsung Ventures participates in M-Daq pre-D round of financing for Singapore financial technology startups. According to Tech in Asia, the exact amount of the investment has not been disclosed. It is reported that after obtaining investment from Samsung Ventures, the company’s valuation has soared from S$250 million ($184 million) in November 2015 to S$500 million ($368 million). Founded in 2010, M-Daq provides a one-stop forex risk management solution for cross-border commerce through its proprietary data technology and collaboration with global forex traders.
Singapore financial technology company Lend East raised $50 million in debt capital. According to e27, creditors are credit funds and family offices in the United States, Singapore and India. Currently, the startup has received its first investment and hopes to complete this round of financing by the third quarter of 2020. Founded in October 2018, Lend East specializes in lending to Southeast Asian and Indian lending platforms. According to the company, it has already provided loan services to two leading consumer loan platforms in Southeast Asia and is actively looking for investment opportunities in India, Vietnam and Myanmar.
India
Tencent acquired a 10% stake in PolicyBazaar, an Indian insurance platform, for $1.5 billion. According to Inc42, Tencent signed an agreement with Indian insurance platform PolicyBazaar last week. Previously, Tencent also invested in digital banking NiYoIn order to enter the field of Indian financial technology. ETechAces Marketing & Consulting Pvt. Ltd, the parent company of PolicyBazaar, also founded PaisaBazaar, an online lending platform. In June 2018, after the Softbank Vision Fund led PolicyBazaar’s more than $200 million F-round financing, the company became a unicorn. The company’s existing investors include global investment companies such as Inventus Capital, Wellington Management, PremjiInvest, Tiger Global and Softbank.
India microfinance company Svasti Microfinance Pvt Ltd received $10 million in investment. According to DealStreetAsia, as of FY 2019, the company has issued loans worth Rs 3.22 billion (US$0.45 billion) through 40 branches in four Indian states, with a 74% year-on-year increase in profits. More than 95% of loans are provided under the “common responsibility” model. Under this model, team members share responsibility for repayment and breach of contract.
Shared Kitchen CloudKitchens raised $400 million from the Saudi Arabian Sovereign Wealth Fund. According to TechStory, the financing was completed in January this year and the valuation of CloudKitchens is $5 billion.
Great Wall Motors or re-establishing a subsidiary in India, plans to invest 70 billion rupees (about 980 million US dollars). According to ET reports, the Indian government introduced a preferential tax policy for manufacturing companies last month, with a preferential tax rate of 15%. Due to the registration date of Great Wall’s previous Indian subsidiary Haval Motor India before October, this offer is not available. Therefore, the company is considering setting up another subsidiary.
Shared accommodation platform Guesture wants to raise $50 million for the industry According to DealStreetAsia, the company is currently negotiating with investors and plans to complete financing within the next year. Guesture is part of the Indian real estate developer Shanders Group and is targeted at people aged 18-35. Currently operating two properties, the number of beds is expected to increase to 400,000 by 2025.
Middle East
Saudi Ami plans to sell 0.5% of the shares to retail investors in the IPOinvestor. According to Sina Finance, according to media reports, relevant people familiar with the matter said that Saudi Aramco plans to sell 0.5% of its shares to retail investors in an initial public offering (IPO). The Saudi oil group has not disclosed the size of its planned IPO and the proportion of shares it will be listed, but sources have previously said that this ratio may be 1-2%.
Middle East Instant Credit Platform Tabby completed a $2 million seed round of financing. According to MenaBytes, Tabby is not yet online and is still in a “stealth” state. By working with banks, Tabby provides consumers with instant credit for online and offline shopping. Tabby’s founder Hosam Arab is the co-founder and former CEO of Middle East e-commerce Namshi. To date, Namshi is the most valuable exit for Rocket Internet in the Middle East and North Africa.
Latin America
Starting a Brazilian officeThings. LABS was informed that Fast has said it has 7 million active users in Brazil and hopes that Brazil will become a major market outside China. In addition, the company has launched a localization strategy in Brazil that allows users to share videos via Whatsapp.
Other
Japan’s smart investment platform WealthNavi completed $37.6 million in D-round financing. According to DealStreetAsia, investors such as Sony Financial Ventures and Global Brain’s joint venture fund, UTokyo Innovation Platform, SMBC Venture Capital, and Mizuho Bank participated in the current round of financing. Founded in 2015, WealthNavi has opened 240,000 accounts and managed assets of 180 billion yen ($1.6 billion).
Tencent is seeking to work with Nintendo of Japan to create more video games for American consumers. According to the Financial News Agency, the Wall Street Journal said that Tencent is seeking to cooperate with Nintendo of Japan to produce more video games for American consumers. Tencent also indicated to Nintendo that it will help it inThe company sells Switch consoles, saying that Nintendo can sell at least millions of Switch consoles in China during the game console life cycle.
文 | 郭沈@出海;云晞@出海
编 | Zhao Xiaochun@出海
图 | Oriental IC
