China’s Dongguan launches CNY1.5bn fund of funds to boost fintech, cutting edge industry
The Chinese city of Dongguan has launched a CNY1.5bn ($217m) fund of funds vehicle looking to boost investment in the region across areas including fintech, smart manufacturing and mass consumption.
South Korea’s Toss raises $80m
Viva Republic, the company behind South Korean payments app Toss has raised $80m in a funding round valuing the business at $1.2bn. Toss' peer-to-peer money transfer...
Ant Financial co-leads RMB1bn round for Chinese logistics, FinTech provider Keking
Alibaba's Ant Financial has co-led an RMB1bn ($144m) Series C financing round for Chinese logistics and FinTech business Keking.
FinTech-focused Cross River Bank gets $100m KKR-led funding round
FinTech-focused banking-as-a-service provider Cross River Bank has picked up a $100m funding round led by private equity giant KKR.
Equistone acquires cross-border payments company Small World
Private equity firm Equistone Partners Europe has acquired international payment service provider Small World Financial Services, for an undisclosed amount.
WeTravel completes $2m seed funding round
Payment platform for travel agencies WeTravel has completed a $2m Seed funding round.
InstaReM holds $20m first close for Series C
Asia-based cross-border payments company InstaReM has held the first close of its $45m Series C round.
Online payment fraud to reach $48bn by 2023
Losses from online payment fraud is expected to reach $48bn by 2023, more than double that projected for 2018.
Story Ventures seeking up to $40m for data-driven startups fund
Story Ventures is out eyeing up to $40m for a fund using data to transform business areas ranging from fintech and healthcare to business services and security.
Form3 secures funding from Draper to support growth in UK and Europe
Payments-as-a-service startup Form3 has received an undisclosed investment from Draper Esprit.
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