Deals
The fresh capital will be deployed to scale up product development and expand the engineering team.
1
SG deeptech startup SynaXG bags $20m backed by January Capital, Vertex
2
Sheela Foam leads $13.9m funding in Furlenco and other India deals
3
HSBC names Brendan Nelson chairman in surprise move
4
Indian plane parts supplier Aequs' $103m IPO fully subscribed
5
Binance names Yi He as co-CEO
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Furlenco will use the funds to deepen presence in existing cities and expand into new markets.
People
Nelson has been serving as interim chair since October 1 and joined the lender’s board in Sept 2023.
IPOs & Markets
The portion reserved for non-institutional investors was also fully subscribed.
Yi’s new role is intended to expand Binance’s global presence.
India
The company is expanding its client base to banks, financial services, e-commerce, and more.
Singapore
The bank is reportedly shifting from building to running day-to-day operations.
Rest of Asia
Iterative also co-anchored the funding round.
Tax and share vesting considerations have limited stock sales; no major staff exodus yet.
Indonesia
Over $200m is expected to be structured as secondary share sales.
