The debt financing was undertaken with Deutsche Bank, Goldman Sachs and Natixis.
Investors include Sequoia China, Matrix Partners, Goldman Sachs, Boyu Capital, TCV, OurCrowd.
Growing network of blockchain nodes and emerging cryptocurrencies are acting as catalysts for the increase in demand for interconnection.
Two experienced angel investors – Michael Blakey and William Klippgen – have joined forces to set up a new S$10 million (US$7.1 million) seed venture firm in Singapore.
Investors continued to take a much more cautious approach to fintech investments this year.
Lazada and RedMart, a Singaporean e-grocer, on Nov 2, announce an agreement in which Lazada will acquire RedMart.
FoodPanda has announced a new funding round of US$100 million, led by Goldman Sachs. Existing investors, among them Rocket Internet SE, also participated in the round.
CompareAsia Group, the Hong Kong-headquartered holding company behind Malaysia’s CompareHero.my, has announced it has received an additional US$40 million in funding.