Venture Capital
Recently, Paymob's direct competitor Ziina raised $22m in a Series A round led by Altos Ventures.
Deals
The expansion plans comes as PasarPolis reported millions in policy sales in Thailand and Vietnam.
Earnings and Results
The company's losses widened nearly 32%, while revenue rose 74.6%.
Unicorns
Ayala Corp paid about $393m to raise its shareholding.
Investment arms of Meituan, SenseTime Group, BAIC Group, and iFlytek participated in the round.
Analysis
Founders emphasised a well-prepared and sustainable path to public listing rather than pursuing an IPO at any cost.
Qoala issued shares worth $47m this week as part of a funding round announced in March.
Larger-scale investments remain scarce as only one megadeal was registered last month.
Biotech startup Peptobiotics has issued new shares to investors, including Hatch Blue, Entrepreneur First and SEEDS Capital.
The deal marks Asia Partners's first software investment.
