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Hello reader,
One of the biggest things I’ve had to learn to do since graduating from university is money management. Often seen as some kind of “adulting,” this is a process that has taken up lots of my time in terms of research.
To be honest, I wish there was a little more that the school system had done to teach students about things like this. Considering different types of investments and savings options can be a long and drawn-out process, since you have to weigh those options against your current and future needs.
My fiancee and I have been looking around for a joint savings account recently. During this process, the topic of digital banks came up. I had the impression that they usually give really good rates to attract new customers, especially since these firms are much younger than traditional banks.
While we haven’t made my final decision on whether to put our money in a digital bank, it seems like others have already come to a conclusion – taking the form of this week’s largest deal, which saw several investors pump capital into a Singapore-based digital bank.
Image credit: Timmy Loen
You can find all other important investment deals that happened over 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
🇸🇬 Singapore-based UnoAsia, the parent company of Uno Digital Bank in the Philippines, has raised US$32.1 million in a pre-series B round. Investors include Gateway Partners, Creador Private Equity, and Nextinfinity Management.
🇮🇳 RentoMojo, an Indian furniture rental website, has secured US$25.2 million in series D money from Chiratae Ventures, Edelweiss Discovery Fund Series-I, and Magnetic.
🇯🇵 Japan-based ride-sharing firm Newmo has scored US$10.1 million for its seed round. Investors include Keio Innovation Initiative, Jafco Group, and B Dash Ventures.
M&As
Startups that are raising funds
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