Southeast Asia-focused impact fund advisory firm Aavishkaar has invested US$2 million in Bangladesh-based payment systems company CloudWell. The transaction was structured through Aavishkaar Frontier Fund. CloudWell, which operates under the brand name PayWell, will use the new capital to expand geographically within Bangladesh. Read More
Mexico-based lending platform Konfio has raised a US$8 million financing round from financial services-focused venture capital firm Quona Capital, private equity firm QED Investors and two Latin America-focused venture firms: Kaszek Ventures and Jaguar Ventures. Quona Capital structured its contribution through the Accion Frontier Inclusion Fund. Konfio intends to use… Read More
MENA-focused venture capital firm Wamda Capital has led a seed financing round for United Arab Emirates-based bitcoin exchange platform BitOasis. Other participants in the round included incubator Digital Currency Group, payment systems company Payfort and several angel investors. BitOasis plans to use the funding to grow its team and strengthen… Read More
Namibia-focused private equity firm Eos Capital will acquire a majority stake in Namibia-based cleaning products manufacturer Elso Holdings. The transaction will be structured through Eos Capital’s Allegrow Fund. Elso Holdings plans to use the capital to expand within the Southern African Development Community region. Financial details of the transaction, which… Read More
Emerging markets-focused venture capital firm Digital Media Partners has led a US$3 million Series A financing round for Jirnexu, a Malaysia-based financial technology startup focusing on customer acquisition and management solutions. Other participants in the round included Indonesia-based investment company Celebes Capital; Southeast Asia-focused private equity firm Tuas Capital Partners;… Read More
China-focused private equity firm Vision Knight Capital has led a CNY1 billion (approximately US$153 million) Series C financing round for Weidai, a China-based peer-to-peer lending platform that specializes in providing auto loans. Financial services company China Securities and Shenzhen-listed home improvement company Dong Yi Ri Sheng Home Decoration Group also… Read More
Darby Private Equity, the private equity arm of Franklin Templeton Investments, has invested in Poland-based snack manufacturer Fifor Polska. The transaction was structured through Darby Converging Europe Fund III. Fifor Polska will use the new capital to invest in its production capacity and efficiency. Financial details of the transaction were… Read More
Private equity firm CVC Capital Partners and special situations investor Argyle Street Management have sold shares worth IDR3.02 trillion (approximately US$223 million) in Indonesia-listed retailer Matahari Department Store. CVC’s latest share sale is the firm’s fourth sell-down in Matahari since Matahari’s initial public offering in March 2013. CVC originally acquired a… Read More
Pan-African infrastructure fund manager Harith General Partners has invested in NOVO Energy, a South Africa-based power and technology company that supplies alternative fuel technologies and services in Africa. Harith structured the transaction through Pan African Infrastructure Development Fund 2. Financial details of the transaction were not disclosed. Read More
Global growth markets investor Actis has invested in Morocco-based private university l’Université Mundiapolis de Casablanca. Mundiapolis will use the investment to enhance the quality of its education and develop its international presence. Financial details of the transaction were not disclosed. Read More
(default archive template)