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Victory Park Capital Provides Additional USD100m Debt Facility to Indonesian Digital Credit Platform Kredivo
Victory Park Capital provided an additional USD100m debt facility to Kredivo, an Indonesia-based digital credit platform for retail borrowers. Victory Park Capital originally provided a USD100m debt facility to the company in November 2020. Read More
Lightrock Leads USD125m Series E for Mexican Lending Platform Konfio
Lightrock led a USD125m Series E for Konfio, a Mexico-based lending platform for SMEs. Konfio secured a USD60m credit line from Goldman Sachs in November 2020. Read More
OTTP Leads USD154m Investment in China’s CD Finance
Ontario Teachers’ Pension Plan (OTTP) led a ~USD154m investment in CD Finance, a China-based provider of microfinance services, with follow-on from ABC World Asia. Read More
Alkeon Capital and the Korea Development Bank Invest USD410m in South Korea’s Viva Republica
South Korea-based Viva Republica, operator of the fintech app Toss, raised USD410m at a reported USD7.4b valuation from investors including Alkeon Capital Management and the Korea Development Bank, with follow-on from Altos Ventures and Greyhound Capital. Read More
SoftBank and Viking Global Lead USD250m Round for Mexican Payments Platform Clip
SoftBank Latin America and Viking Global Investors led a USD250m round for Clip, a Mexico-based digital payments platform, at a reported USD2b valuation. General Atlantic and SoftBank invested in 2019 at a reported USD400m valuation. Other investors include Ribbit Capital, Goldman Sachs, Dalus Capital, Banort and Amex Ventures. Read More
Softbank Vision Fund 2 Leads USD90m Series D for Indian Enterprise Software Platform WhatFix
SoftBank Vision Fund 2 led a USD90m Series D for India-based enterprise software platform WhatFix, with participation from Eight Roads Ventures, Sequoia India, Dragoneer Investment Group, F-Prime Capital and Cisco Investments. Read More
General Atlantic Leads Series B for Singapore’s Genesis MedTech Group
General Atlantic led an undisclosed Series B for Singapore-based medical device company Genesis MedTech Group, with participation from CITIC Capital and Lilly Asia Ventures, and follow-on from the majority of shareholders from the company’s Series A. Read More
QED Investors Leads USD30m Series B for Brazilian Solar Energy Financing Platform Solfacil
QED Investors led a USD30m Series B for Solfacil, a Brazil-based solar energy financing platform, with follow-on from Valor Capital Group. Read More
Maersk Growth and Raed Ventures Lead USD42m Series A for Egyptian Digital Freight Platform Trella
Maersk Growth and Raed Ventures led a USD42m Series A for Trella, an Egypt-based digital freight platform with a presence in Saudi Arabia and Pakistan, with participation from Algebra Ventures, Vision Ventures, Next Billion Ventures, VentureSouq, Foundation Ventures and Flexport. The round comprised USD30m in equity and USD12m in debt financing. Lendable and other financial institutions provided debt. Read More
Adenia Acquires South African Electrical and Solar Equipment Distributor Herholdt’s
Adenia Partners has acquired a majority stake in Herholdt’s, a distributor of low-voltage electrical and solar products in South Africa, for an undisclosed amount. Read More
KKR to Acquire Controlling Stake in India’s Vini Cosmetics for USD625m
KKR agreed to acquire a controlling stake in India-based personal care and beauty products company Vini Cosmetics from Sequoia Capital and the company’s founder group for USD625m. Read More
ALLVP Exits Cornershop via Sale to Uber at USD3b+ Valuation
ALLVP has exited Chile-based grocery delivery platform Cornershop via a sale to Uber at a reported ~USD3b+ valuation. Read More