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Hello reader,
While working on the 2024 Tech in Asia Conference Report, one of the things I focused on was identifying the sectors that would be exciting in Southeast Asia in the next decade.
One of them is fintech, which will continue to play a major role in our tech ecosystem. In particular, a significant opportunity lies in moving beyond payments to improve the accessibility of other financial services, such as loans, insurance, and even investments.
It seems the story of financial inclusion remains compelling beyond Southeast Asia, too, given that the two biggest fundraises of the week happen to be for fintech companies working toward this goal.
Here’s to a more financially inclusive future! ✨
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 market
🇮🇳 Finova Capital provides business loans to people both in urban and rural areas in India. It has raised US$135 million in a series E round from Avataar Ventures, Faering Capital, Madison India Capital, Maj Invest, Norwest Venture Partners, Peak XV Partners, and Sofina.
🇯🇵 Japan-based Gojo and Company aims to provide financial access in developing countries via microfinance. It has secured US$122 million in a series F round.
🇨🇳 Geener is a Chinese developer of semiconductor modules. It has bagged US$71.4 million in a series B round from Xiuzhou Linghang Fund.
M&As
Startups that are raising funds
Behind the Glasswall
Meet the finalists
Exclusive listicles
Thoughtful Tidbits
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