By today’s standards, $10 million isn’t a lot of capital to invest. But Iterative, which describes itself as a YC-style accelerator focused exclusively on Southeast Asia, says the $10 million it has raised from a cadre of Silicon Valley bigs — including investor Andrew Chen of Andreessen...
Rita Liao / TechCrunch:
WeLab, which a offers suite of consumer fintech products across Asia, raises $240M and buys an Indonesian commercial bank, Bank Jasa Jakarta — A virtual bank is soon coming to Indonesia. WeLab, a Hong Kong-based fintech unicorn, announced Tuesday its acquisition of...
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Sarah Perez / TechCrunch:
Meta's NPE team recently set up an office in Lagos and plans another in Asia as it changes strategy to include making seed investments in small teams — Meta's (formerly, Facebook's) experimental app division, the NPE team, is shifting gears. The group, which first...
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Singapore-based YouTrip, an online bank that focuses on making multi-currency transactions less costly and more efficient, announced today that it has raised a $30 million Series A. YouTrip founder and CEO Caecilia Chu said the round was led by prominent family offices in Asia who prefer to...
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