Globe Fintech Innovations, a financial technology subsidiary of Philippines-based telecommunications company Globe Telecom also known as Mynt, received an undisclosed amount of equity funding from Ant Financial, the financial services arm of e-commerce group Alibaba, and diversified conglomerate Ayala Corporation on Monday. Mynt operates micropayment platform GCash and Fuse Lending, a service that offers loans to unbanked and underserved customers and businesses.
Ayala Corporation has also paid an undisclosed amount for a 43% stake in BF Jade E-Services, the holding company that operates fashion e-commerce platform Zalora in the Philippines, Tech in Asia reported yesterday. Ayala subsidiaries Ayala Land, BPI Capital and Kickstart Ventures also acquired small stakes, giving the firm a 49% share overall, with the rest held by e-commerce group Rocket Internet.
UK-based augmented reality product developer Zappar raised $3.75m yesterday in a series A round featuring brand services provider You & Mr Jones and mobile game publisher…
