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Page 159

Lufax to lift itself on to public markets

Cofco and several banks will get the chance to exit Ping An's online lending spinoff, which is targeting $3bn in a US initial public offering.

Aug 12, 2020

Trumid trucks in $200m

SGX, Deutsche Börse and Creditease-backed electronic trading platform Trumid has achieved unicorn status following a $200m funding round led by Dragoneer.

Aug 12, 2020

Incomlend ships in $20m

CMA CGM was among the investors in a series A round for the trade finance marketplace and will offer the service to its customers.

Aug 12, 2020

American Express considers consuming Kabbage

SoftBank, UPS, Santander, ING, Scotiabank and Recruit could exit the business finance platform in a deal reportedly sized at up to $850m.

Aug 11, 2020

PPRO picks Citi for $50m round

Citi Ventures has returned to help invest $50m in the online payment platform, two years after participating in a deal the same size that was led by PayPal.

Aug 10, 2020

DIP studies fourth Gakucelerator cohort

Human resources provider DIP’s Gakucelerator has chosen four student-run startups for its latest batch and will provide up to $940,000 between them.

Aug 10, 2020

Corporate venturing deal net: 3-7 August 2020

Each Friday the Global Corporate Venturing Deal Net rounds up the week’s smaller deals and tracks the emerging companies accessing corporate funds.

Aug 7, 2020

Google for Startups Accelerator selects Southeast Asia participants

A consortium of 15 startups were chosen to take part in the first edition of the internet technology group’s regional accelerator scheme, which will run until November this year.

Aug 7, 2020

Corporates make Hey in series E round

PayPal and Yahoo Japan contributed to a round of undisclosed size for the e-commerce services provider headed by a $66m investment from Bain Capital.

Aug 5, 2020

Volante collates $35m in financing

BNY Mellon, Citi Ventures , Visa and Poste Italiane subsidiary PostePay all contributed to the first funding round to be disclosed by the payment software provider.

Aug 5, 2020
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