Indian Agri-focused Lender NAFA Raises $50M Through Equity And ECB Agriculture-focused non-banking finance company (NBFC) Netafim Agricultural Financing Agency (NAFA) on Monday said it has raised $50 million through a mix of equity capital and external commercial borrowing from Israel based – Phoenix Group and Cogito Capital.
SoftBank-backed Investment App Ajaib Nets $90M In Round Led By Robinhood Investor Ajaib, an Indonesia-based investment platform, announced that it has raised US$65 million in an extended series A round led by Ribbit Capital. This is in addition to the US$25 million first close of the round in January.
Indian Fintech Firm Razorpay In Talks To Raise Up To $200M From GIC, And Others Fintech startup Razorpay is in talks with its existing investor Singapore’s sovereign investment fund GIC and others to raise US$150 million to US$200 million in a financing round that could see its valuation nearly double to US$2 billion in less than six months.
Alibaba-Backed Lender MYBank Is One Of First Privately Owned Banks To Join Digital Yuan Pilot Alibaba-backed online lender MYBank has joined the ranks of several state-owned commercial banks involved in China’s digital yuan pilot program, becoming one of the first privately owned banks to participate in a trial aimed at introducing a sovereign electronic currency system which is widely believed will revolutionize the country’s online payment industry.