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Ethos Sells 1.4% Stake in UAE’s Fintech Channel VAS for USD5m
Ethos Capital has sold a 1.4% stake in Channel VAS, a UAE-based provider of airtime credit services and mobile financial solutions across emerging markets, for USD5m. Ethos retains a 8.89% stake in the company. Read More
Shenzhen Capital Leads USD912m Series A for E-Commerce Unit of Chinese Retailer Suning.com
Shenzhen Capital Group led a CNY6b (approximately USD912m) Series A for Yunwang Wandian, the e-commerce and online retail arm of China-based retailer Suning.com, with participation from SenseRobot Management, Fengyun Capital, V Star Capital, Central China International Asset Management, Softfir Capital, and others. Read More
Finch Capital Leads Undisclosed Investment in Indonesian Fintech Pintek
Finch Capital led an undisclosed investment in Pintek, a fintech providing credit to students and education institutions in Indonesia, with participation from Accion Venture Lab and unnamed angel investors. Read More
Kinea Acquires Minority Stake in Brazilian Security and Cleaning Services Company Verzani & Sandrini for USD28m
Kinea has acquired a minority stake in Verzani & Sandrini, a Brazil-based security, maintenance, and facilities management company, for BRL150m (approximately USD28m). Read More
Criterion Africa Partners Exits Ugandan Timber Plantation Global Woods to Nile Fibrewood
Criterion Africa Partners has exited Uganda-based timber plantation Global Woods via a sale to Nile Fibrewood for an undisclosed amount. Read More
KaszeK Ventures Leads USD2.5m Seed Round for Brazilian Antifraud Startup Legiti
KaszeK Ventures led a USD2.5m seed round for Brazil-based antifraud startup Legiti, with participation from Global Founders Capital, Iporanga Ventures, and Norte Ventures. Read More
Harith General Partners and Pembani Remgro Invest in USD296m Zimbabwe Border Post Project
Harith General Partners and the Pembani Remgro Infrastructure Fund are investing an undisclosed amount in Zimborders Mauritius, an entity set up to develop the USD296m Zimbabwe Beitbridge border post complex. Read More
Axiom Asia Reaches USD1.8b Final Close for Asia-Focused Fund-of-Funds
Axiom Asia Private Capital has reached a USD1.8b final close for Axiom Asia VI, its sixth Asia-focused fund-of-funds. Read More
KV Asia Exits Malaysian Grocery Retailer TF Value Mart via Sale to ICG
KV Asia Capital has fully exited Malaysia-based grocery retailer TF Value Mart via a sale to Intermediate Capital Group (ICG) for an undisclosed amount. Read More
AIIB Seeds Newly Launched ADM Renewable Energy Fund with USD100m Commitment
The Asian Infrastructure Investment Bank (AIIB) has committed USD100m to ADM Capital to seed ADM Capital Elkhorn Emerging Asia Renewable Energy Fund, a new USD-denominated private debt fund focused on renewable energy investments in Asia. Read More
FMO and EAV Invest USD2.4m in Chad’s Electrification Company ZIZ Energie
FMO, through its Ventures Program, has signed an EUR500k (approximately USD598k) convertible note to Chad-based power and electrification company ZIZ Energie as part of a EUR2m (approximately USD2.4m) convertible round in a co-investment with Energy Access Ventures (EAV). Read More
DST Global Leads USD80m Series C for Indian Fintech Cred
DST Global led a USD80m Series C for CRED, an India-based fintech helping credit card users manage their finances, with follow-on from Sequoia Capital and Ribbit Capital. Read More