KBank Launches $100 Million Fund to Invest in AI, Web3 and Fintech Startups Worldwide

KBank launches $100m fund targeting AI, Web3, and fintech startups globally
KBank is a major bank in Southeast Asia operating in Thailand, China, Vietnam
Fund approved by Thailand's central bank, aims to help global founders create innovations in APAC
Fund to serve traditional financial stakeholders - consumers, corporate, SMEs
Focus on consumer/problem-specific AI, cybersecurity, nodes validators, wallets, NFTs
Plans to invest in over 30 startups and funds in U.S., EU, Israel and APAC
Backers previously collaborated with AI/Web3 firms like MagicLink, Transak, Hashkey Capital

coindesk.com

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8/24/2023

Korea Credit Data raises $75.7 million from Morgan Stanley - KED Global

Main topic: Korean fintech startup KCD raises $75.7 million investment from Morgan Stanley Tactical Value Investing, making it Korea's first SME-focused fintech unicorn. Key points: 1. KCD raises 100 billion won at a valuation of 1.3 trillion won, a 25-fold increase from five years ago. 2. The investment comes from Morgan Stanley Tactical Value Investing, marking their first funding in a Korean company. 3. KCD's main service is their bookkeeping app, Cash Note, used by over 1.3 million merchants. The funding will support the company's digital transition and expansion of services.

9/18/2023

KKR Bets on Southeast Asia's Booming Data Center Market with $800M Stake in Singtel Business

Global investment firm KKR is acquiring a 20% stake in Singtel's regional data center business for $800 million, betting on the growing Southeast Asia data center market driven by the adoption of generative AI and cloud transition, with a 17% market growth expected over the next five years compared to 12% globally, aligning with its focus on sectors and regions poised for high growth; KKR stock is rated as a Strong Buy by analysts with a 14.91% upside potential.

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Posted 9/14/2023, 6:56:00 AM