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Hello reader,
Up until a few years ago, I relied on cash to make payments. Back then, many places in Singapore, especially eateries and food kiosks, didn’t offer cashless payment options. That 60-year-old uncle manning a hawker stall selling chicken rice wasn’t likely to add or trust QR codes. Even taxi drivers appeared to think of the Network for Electronic Transfers – colloquially known as NETS – as a hassle.
Much has changed since then, and that’s because fintech has become such a huge part of our everyday lives. Today, I can confidently leave the house with just my phone and know that I can get where I want to go and buy what I need without using cash.
If that isn’t great, then I don’t know what is. So kudos to our top-funded startups from the fintech sector. Keep it up!
Image credit: Timmy Loen
You can find all other important investment deals that happened in the last few days in our weekly funding news wrap-up.
Let’s dive into the biggest deals and M&As that recently took place.
The biggest deals by country
🇰🇷 Viva Republica: The South Korean fintech startup is the parent firm of Toss, an app for peer-to-peer money transfer.The company raised US$240 million in bridge financing from Altos Ventures, DAOL Investment, Goodwater Capital, Greyhound Capital, KDB Bank, Kwangju Bank, and Mirae Asset Securities.
🇨🇳 Jaka Robot: The Shanghai-based industrial robot developer raised US$150 million in a series D round from Prosperity 7 Venture Capital, SoftBank Vision Fund, Temasek Holdings, and True Light Capital.
🇦🇪 5ire: Based in Dubai, the Layer 1 blockchain startup secured US$100 million in series A funding from the Sram & Mram Group.
🇮🇱 ForSight Robotics: The Israeli developer of Oryom, a surgical robotic platform that specializes in ophthalmic surgery, got US$55 million in a series A round from Adani Group, Eclipse Ventures, Ljungstrom Family Office, Mithril Capital, Precision Capital, Provenio Capital, and Reiya Ventures.
M&As
Startups that are raising funds
Killer pitch decks
Exclusive listicles
The main event
Thoughtful reads
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