By Shiwen Yap
Israel’s startup PayKey has secured backing in a $10M Series B from Thailand’s Siam Commercial Bank and Japan’s SBI Group.
The deal marks Aucfan’s first investment in Thailand and in the real estate marketplace.
Singha Estate chairman said Europe is an “interesting” market.
This agreement represents Banpu’s fifth investment in the US shale gas business.
The move could lead to a co-investment between AddVentures and startups in series A round.
The Japanese firm holds 49% in the JV.
As part of the deal, JWD also acquired a management team with expertise in freight forwarding.
The sale was part of efforts by the Anglo-Dutch company to reduce its debt burden.
The prospective tie-up is the latest effort by Asian nations to modernize the payment process.
The company expects to buy into a cold storage firm in Indonesia and a freight forwarder in Vietnam.