The round has valued the Chennai-based lender at $950 million.
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Mizuho, Nomura to finance OYO founder Ritesh Agarwal’s $2b buyback
Librae Holdings investing $8m in The Trendlines Group placement issue
Facebook-like local social network Gapo launches in Vietnam
TPG Capital leads $50m funding for south India-focused NBFC Five Star
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Vietnam’s VNPAY could raise up to $300m from SoftBank Vision Fund, GIC
Indonesia’s East Ventures said to close sixth VC fund at over $70m
SG’s co-living startup Hmlet raises $40m Series B round led by Burda
The funding, if successful, will be Vision Fund's first investment in a Vietnamese company, and will catapult VNPAY into the league of unicorns.
However, funding in India continues to remain strong.
OkCredit will use the funds for capital expenditure and working capital needs.
Yoma Bank’s financing will go towards offering a low-interest loan for around 12,800 families.
The cash transaction is expected to be completed by the end of this year.
Although the funding size was not disclosed, a Mint report pegged it at $25 million.
IPOs & Markets
Jet's lenders have agreed to provide $10 million, said a source.
The opening up of its financial sector is a key part of Beijing’s efforts to resolve the trade war with the US.
soCash will use the corpus raised to grow its distribution network in Indonesia, Malaysia and Hong Kong.
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