Sector Updates

Thai employee financial well-being startup MoneyTable has closed $1.5m in a seed round from K2 Venture Capital and Kejora Ventures.

Berlin-based credit scoring startup bonify has picked up €5.5m in a Series A round led by London-based Mosaic Ventures and Silicon Valley firm Ribbit Capital.

Ant Financial continues to expand its reach outside of China with a $200m investment in South Korean mobile giant Kakao finance subsidiary Kakao Pay.

New York-based startup OpenFin has landed $15m in its Series B round from a host of Wall Street firms and their venture arms for its financial desktop applications operating layer.

Chinese fintech giant Ant financial is making moves in the Philippines with an investment in Mynt. The size of the deal is undisclosed.

Emerging markets-focused credit scoring and lending startup ID Finance is has raised $50m in debt funding to expand across Latin America.

Jakarta-based point-of-sale (POS) startup MOKA has raised $2m in a new round of funding led by Mandiri Capital.

Previously investing in regional heavyweights such as Spotify and FinTech players Klarna and iZettle, Creandum led a fresh $3.25m investment into Pleo.

PayPal is expanding its offering and reaching more users with the acquisition of bill payment company TIO Networks for roughly $233m.

Connect Ventures led the round for the London-based startup with Graph Ventures and individual angel investors also participating.