Deal brings together a strong strategic fit to support the growth of financial-technology innovations and the adoption of services across Southeast Asia.
Fund is aimed at seed to Series A technology startups.
The entire fintech ecosystem needs to return to Planet Earth, urges Karamjit Singh.
Payment solutions startup Omise said it has secured US$17.5 million in Series B funding, bringing the total amount it has raised to more than US$25 million since its June 2013 launch.
500 TukTuks, the Thailand-focused micro-fund spun off by Silicon Valley’s 500 Startups earlier this year, said it will be increasing its fund size from US$10 million to US$12 million.
Payment startup Omise has announced a seed-financing round of US$300,000 by venture firm East Ventures, which it said would help it accomplish its goal of offering a payment solution for everyone in Thailand even as it prepares for a beta launch in September.