En 2015, Mingpo Cai, président-fondateur de Cathay Capital, société de capital-développement globale, rencontre Denis Barrier, jusqu’alors partner chez Iris Capital et ancien head of venture capital & corporate venture chez Orange. Ils partagent alors une même vision: les entrepreneurs du numérique devraient pouvoir être soutenus par une plateforme internationale qui leur permet de croître significativement, tout en bénéficiant de l’appui […]
Category: Cathay News
Fintech Used To Be A Local Game. Today It Can Be Global
Historically, financial services was a local player’s game. Just look at the top 5 banks in Canada, US, UK, Canada, France and China in the chart below, ranked by total assets. There is nearly no overlap. In fintech, historically, the same appeared to be true. Outside of certain verticals like cross-border finance, most fintechs remained largely […]
Africa Roundup: Jumia’s IPO, DHL launches Africa e-Shop, Cathay’s $168M VC fund, ConnectMed acquired
The biggest news in a month of weighty African headlines was Jumia listing on the New York Stock Exchange. After filing SEC IPO docs in March, the Pan-African e-commerce company’s shares began trading on the NYSE April 12, opening at $14.50 under ticker symbol JMIA. Jumia stock rose north of 70% on its first day of trading […]
Venture capital funds are starting to make bigger bets on African startups
Funding has long been a challenge for African startups but the tide has started to turn in the last year as the sector heats up and both investors and entrepreneurs start to see some of their long term efforts come to fruition. In the recent past the biggest issue startups from Lagos to Nairobi or […]
Cathay Innovation and AfricInvest to raise $168M Africa VC fund
Tunisia-based private equity firm Africinvest has teamed up with Cathay Innovation — the venture sub of Paris-based private equity firm Cathay Capital — to launch a new Africa tech fund with a target raise of $168 million. Details are still forthcoming, but the Cathay Africinvest Innovation Fund will focus primarily on Series A to C-stage investments in African technology […]
Large French groups join forces with Chinese tech entrepreneurs
Ils se retrouveront dans quelques jours aux Rencontres économiques d’Aix-en-Provence pour sceller leur alliance inédite : Xuning Wang, le président du fabricant d’électroménager chinois Joyoung et d’autres entrepreneurs chinois, comme Liu Qiangdong, le patron de la plate-forme d’e-commerce JD.com, ont décidé de s’associer à Valeo, Aéroports de Paris (ADP), Michelin, Total, Seb, BNP Paribas Cardif […]
The Franco-Chinese digital alliance takes action
La France et la Chine entrent dans le vif de leur alliance digitale. A peine signé sous les ors des républiques française et chinoise à l’été 2015, leur fonds d’investissement de 200 millions d’euros dans les start-up sino-francaises et américaines ne s’est pas perdu dans les méandres politiques. Porté sur les fonts baptismaux en présence […]