Funding Wrap of The Week | Asian Startups Funding Roundup | September 8 – September 13

Asian Startups raised capital in order to expand and move into more successful. Here is this week’s Top 10 Asian Startups Funding Roundup.

NEXTDC

NEXTDC Ltd, an Australian data-center operator, secures $1.9 billion syndicated loan from banks to expand its operations in Asia, including Malaysia, as demand for digital infrastructure surges.

Genesis Alternative Ventures

Genesis Alternative Ventures has raised total commitments of US$125 million for its second Southeast Asia-focused venture debt fund. 

InMobi

InMobi Secures $100 Million in Debt Funding, a consumer technology business based in Singapore that focuses on developing innovative methods for customers to shop, interact with brands, and find and consume content.

SDAX

SDAX, Singapore’s Digital Asset Exchange, secures $50 million in series B2 round funding led by the Oman-based Muscat Precious Metals Refining Company LLC (MPMR).

XenCapital

XenCapital, the lending arm of fintech unicorn Xendit, secures $50 million in a credit facility from alternative lender Helicap.

Finture’s YUP

YUP, the credit payment platform established by Singaporean startup Finture has raised $30 million in its Series B funding round

Paymob

Egypt-based fintech Paymob has raised a $22 million Series B extension round funding. Along with participation from Endeavor Catalyst and current investors PayPal Ventures, BII, FMO, A15, Nclude, and Helios Digital Ventures, the funding was spearheaded by EBRD Venture Capital.

Payouts.com

Payouts.com, a fintech firm, has raised an additional $12.1 million to improve its vendor relationship management capabilities and accelerate product development.

Upgrade Energy

Clime Capital, the Singapore-based fund manager dedicated to driving the shift towards a low-carbon economy, today announced an investment through the South East Clean Energy Fund II (SEACEF II) in Upgrade Energy Philippines (UGEP), a key player in the Philippine solar project landscape. SEACEF II has the capability to invest up to USD 10 million in UGEP.

Charge+

Charge+, a electric vehicle (EV) charging operator, secures $8 million in series A round funding. TRIVE Venture Capital is heading the Series A round, and TNB Aura is leading the most recent Series A2 financing. Christopher Quek will be joining the Charge+ board, as previously reported in 2023.

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