Funding

Salmon Group to Expand Rural Finance Services with US$7 Million IFC Investment

The International Finance Corporation (IFC) has announced an investment of US$7 million into Salmon Group Ltd., the major shareholder of the Rural Bank of Sta. Rosa in Laguna, Philippines. This funding is part of a wider initiative, the Series A-1

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BillEase Credit Facility Grows to US$40M with New Saison International Investment

Buy now, pay later (BNPL) BillEase has received a US$5 million capital injection from Saison Investment Management Private Limited (SIMPL), the offshore lending arm of Saison International Pte. Ltd. This investment forms part of an expansion that has increased the

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Nearly a Quarter of All VC Funding in the Philippines Goes to Fintech

In 2023, the Philippines showcased its resilience despite macroeconomic headwinds that challenged the international venture capital (VC) scene. New data released by local VC firm Foxmont Capital Partners and the Boston Consulting Group (BCG) show that VC funding in the

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Singlife Philippines Secures US$10.65 Million Funding to Push Digital Insurance

Singlife Philippines has recently enhanced its financial reserves through a P600 million (approximately funding from its principal backer, Singapore Life Holdings Pte. Ltd. This infusion is intended to bolster the company’s innovation and growth, with a particular emphasis on digital

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Malaysia’s Creador Commits US$71.2 Million Investment to Grow Asialink Expansion

Creador, a private equity firm in Southeast Asia, has made a strategic investment of PHP4 billion (US$ 71.2 million) in Asialink Finance Corp., an online lending firm to the Philippine small and medium enterprise (SME) sector. This investment grants Creador

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ProCredit Secures US$4.1 Million in Funding to Boost Local SME Lending

ProCredit, a fintech enterprise specialising in loans for small and medium-sized enterprises (SMEs), has successfully raised US$4.1 million in a pre-seed funding round. This round was led by Integra Partners and saw contributions from the Menardo Jimenez Family Office, M

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UNO Digital Bank Secures $32.1 Million in Funding to Fuel Expansion

UNOAsia Pte Ltd has secured US$32.1 million in a recent pre-Series B funding round, with the mix of equity and debt funding aimed at reinforcing the operations of UNO Digital Bank in the region, with a particular focus on technology

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IFC Reveals Proposed US$7M Investment in Salmon to Scale Business

The International Finance Corporation (IFC), a member of the World Bank Group, has recently set forth a proposal to invest US$7 million in Fintech Holdings Ltd, which operates three of its subsidiaries under the brand name Salmon in the Philippines.

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UnionBank Invests PHP300M More in Digital Bank to Fuel Growth

Union Bank of the Philippines has invested an additional PHP 300 million into the UnionDigital Bank following the PHP 900 million funding in July this year, according to PhilStar Global. The bank had disclosed to the Philippine Stock Exchange of

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Cross-Border Payments Startup Parallax Raises US$4.5M Seed Round

‍Cross border payments company Parallax announced that it has raised US$4.5 million in a seed funding round led by Dragonfly Capital. Founded by Mika Reyes and Alex Kuang, Parallax provides near instant international payments. The firm is focused on providing

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