The future of finance is digital

Every day, 100k+ smart people read our newsletter. You can sign up here.

---

Hello readers,

I’m a frequent Reddit user: This is probably obvious, given how often I pad the “Deeper Reads” section of this newsletter with Reddit threads when I can’t find more articles about venture capital. I often get a lot of the news I consume via the online forum’s “Popular” page.

In the past few months, it’s been littered with posts about cryptocurrency, what with the explosion of memecoins like Dogecoin and the meteoric rise (and fall) of various mainstream cryptocurrencies’ values.

I don’t really understand crypto so I don’t invest in it. But one thing that is clear: The future of finance is digital, whether it involves cryptocurrency or not. And it’s clear that investors know this as well because this week, three of the five top deals raised were by startups in the fintech space.

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.

---

BIGGEST DEALS BY COUNTRY

🇰🇷 Viva Republica: The South Korea-based startup, which runs the peer-to-peer money transfer mobile app Toss, bagged US$414 million in series H money from Alkeon Capital, Altos Ventures, Greyhound Capital, and KDB Bank.

🇨🇳 CD Finance: The Chinese fintech firm scored US$154 million in strategic investment from ABC World Asia and Teachers’ Innovation Platform.

🇮🇩 Kredivo: The Indonesian startup, which specializes in “buy now, pay later” services, got US$100 million in debt funding from Victory Park Capital.

🇮🇳 Byju’s: The Indian edtech major raised US$50 million from India Infoline Finance Limited and Maitri Edtech in a series F funding round.

🇸🇬 Nuevocor: The Singapore-headquartered biotech firm received US$24 million from Boehringer Ingelheim Venture Fund, EDBI, EVX Ventures, Seeds Capital, and Xora Innovation in a series A funding round.

---

---

---

Lists of most active investors in the region

List of top-funded startups in Asia

List of largest exits in Asia

---

---