Good day. After tightening eligibility requirements and increasing scrutiny, the Small Business Administration is giving a reprieve to applicants for the Paycheck Protection Program. The SBA now says that loans of less than $2 million in the aggregate to a borrower and its affiliates will be considered necessary, based on the amount alone. […]
Cathay Capital Raises €1.3B in Latest Private Equity & Venture Capital Funds
May 14, 2020 Cathay Capital announces that it has raised €1.3 billion to support entrepreneurs, following the final closing of the €800 million Midcap II fund and the achievement of the €500 million target for Cathay Innovation II. Those two investment vehicles are operational and will enable Cathay’s teams to best support start-ups (for Cathay […]
Venture Capital Has A Lot To Learn From Fintech: Data-Driven, New Products, And More Access To A Broader Set Of Companies
Investment in the financial technology space has skyrocketed globally over the last decade. Fintech has transformed nearly every aspect of the traditional bank. It has also gone mainstream: 75% of people have used a money transfer or fintech product. Fintech innovation has also driven broad-based access to financial products and services to the unbanked and underbanked. […]
$550M to invest in Startups Impacting the World
Today, we’re pleased to announce that we’ve reached a significant milestone in raising €500M ($550M), over our original target, for our second venture capital Fund to invest in visionary entrepreneurs impacting the world through technology. Through Fund II, one of three new funds recently recognized by the French Ministry of Economy and Finance for our commitment to […]
Cathay Innovation raises $550m for second fund, opens first SE Asia office
[…]
Cathay Innovation raises US$550M for second fund, will continue investing in SEA
Cathay Innovation, a VC firm that invests in digital entrepreneurs across Europe, China, and the US, has raised €500 million (US$550 million), over our original target, for its second fund, according to Dealstreet Asia. […]
We got an exclusive look at the pitch deck health startup Owkin used to raise funding from top VCs to fight the coronavirus
[…]
‘Post-pandemic, SEA will see a sustainable leapfrog into the digital age’: Cathay Innovation report
How will a post-COVID-19 look like? There is no a clear answer to this question. But one thing is certain: this pandemic will force some behavioral changes — not just on the people but also industries. And those who effect the changes as soon as possible will come out successful. […]
COVID-19 & South East Asia: A Catalyst for a Sustainable Leapfrog in the Digital Age
Over the last few years, Southeast Asia (SEA), home to over 650 million people and startup unicorns like Grab, Gojek and Tokopedia, has been recognized as one of the hottest emerging startup economies to watch due to rapid growth and an increasingly mobile-savvy population — with mobile penetration growing 132% in 2019. […]
Insurtech Startup Axinan Closes Series A+ with $16 Mn
Insurtech Startup Axinan has closed its series A funding round at $16 mn. The extended series A+ funding was led by InVent, the corporate venture capital arm of asset management and investment company Intouch Holdings. […]