Tag: investment

Vickers Venture Partners tapping South Korean institutional investors
19May By Team FPNo Comments
Singapore

Vickers Venture Partners tapping South Korean institutional investors

Singapore-based venture capital firm Vickers Venture Partners, a Singapore is tapping South Korean institutional investors in the second round of fundraising to attract up to $500 million for its sixth fund.The company has recently submitted an investment proposal to Korea Growth Investment Corp., a fund of funds manager investing in startups and small businesses. The VC firm is aggressively marketing the fund to domestic institutions investing in overseas venture capital funds.Vickers has hit its first close of the new fund at $300 million, or 60% of its target amount. Korea Venture Investment Corporation, another fund of funds manager, committed $16 million in the first round of fundraising.“There are a number of deep-tech startups in South Korea where we can invest,” a Vickers source sa...
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18May By Team FPNo Comments
Singapore

Ant Financial to invest US$73.5 million in Wave Money

Ant Financial has decided to invest US$73.5 million in fintech firm Wave Money as part of a strategic partnership to boost financial inclusion in Myanmar. The investment makes the Alipay operator a substantial minority stakeholder in Wave Money, alongside existing shareholders Yoma Group and Telenor.Wave Money lets users send and receive money using their phones or through one of its 57,000 agents called “Wave Shops” scattered across urban and rural areas in Myanmar. It was founded in 2015 as a joint venture between Yoma and Telenor,Wave Money is profitable, having become EBITDA-positive in 2018 and reaching US$4.3 billion in transfer volume in 2019. The company also said that over 21 million people have used its platform, with its monthly active user base growing by 14% month on month. Wi...
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16May By Team FPNo Comments
China, Singapore

Securities and Exchange Commission caution Philippines public over investment

The Securities and Exchange Commission (SEC) of the Philippines has asked the public again to exercise caution when presented with opportunities to invest in businesses or join organizations promising easy money amid the COVID-19 pandemic.In The SE has identified five more groups engaged in investment-solicitation activities without the necessary licenses: CryptoInvestWith.Us (CIW.U), Won Project/ Won Network/ Won Foundation, Captcha Philippines, Inc., Fil-Invest, and Xtreme House of Beauty Trading Corporation.CIW.U, Won Project, Captcha Philippines, Fil-Invest and Xtreme have neither registered securities such as investment contracts nor secured secondary licenses to solicit and take investments from the public, as required under Republic Act No. 8799, or The Securities Regulation Code.Fu...
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