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Category: Cathay News
VC Daily: Some Comfort for PPP Applicants; Cathay Capital Reloads; Startups Roll Out Contact-Tracing Apps
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 Innovation raises $550m for second fund, opens first SE Asia office
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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. […]
2019 Africa Roundup: Jumia IPOs, China goes digital, Nigeria becomes fintech capital
2019 brought more global attention to Africa’s tech scene than perhaps any previous year. A high-profile IPO, visits by both Jacks (Ma and Dorsey) and big Chinese startup investment energized that. […]
Which Insurtech Distribution Model Gets It Right?
Insurtech has become one of the fastest growing segments in fintech. McKinsey & Co. reported that over $10 billion has been invested in insurtech since 2012. Already there are over 2,500 insuretechs around the world, a number that will surely continue to climb. While there’s no debate over whether insurance is ripe for disruption, there’s still uncertainty over which […]
AfricInvest & Cathay tie in new LP
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L’Oréal commits to Cathay PE’s second innovation fund
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Cathay Innovation expands presence in europe as it seeks second fund
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L’Oreal Invests In Cathay Innovation Fund To Develop Tech Startups in China
Announced on wednesday investment in global venture capital fund cathay innovation to develop beauty tech startups in china. Strengthens connection to beauty tech startup ecosystem, particularly in china, the group’s second largest market and pioneer in digital innovation. Participation done through company’s capital fund bold business opportunities for l’oreal development launched in dec 2018. […]