Finmo raises Series A funding to expand treasury management platform
Finmo, a treasury operating system provider, has raised USD 18.5 million in an oversubscribed Series A funding round, bringing its total funding to USD 27 million. The round was co-led by Quona Capital and PayPal Ventures, with participation from Citi Ventures.
The company plans to use the fresh capital to accelerate product development, enhance its artificial intelligence capabilities, and expand its global footprint.
Finmo offers a unified platform designed to streamline payment processes, improve cash flow visibility, manage foreign exchange risks, automate treasury tasks, and optimize liquidity management.
Giftaway secures investment from Aura Private Equity to scale digital rewards platform
Global Incentive Solutions, the parent company of Giftaway, has secured AUD 28.5 million (USD 18 million) from Aura Private Equity and co-investors. The capital will support Giftaway’s expansion efforts and strengthen its role in driving financial inclusion across Southeast Asia.
Giftaway operates a digital rewards and incentives platform that facilitates digital voucher solutions for customer and employee engagement, with a significant portion of its clientele in the financial sector.
The company intends to use the investment to scale operations, expand its merchant network, and enhance its platform to meet growing regional demand.
HD raises USD 7.8 million to expand healthcare marketplace in Southeast Asia
HD, a healthcare marketplace in Thailand, has raised USD 7.8 million in equity funding to enhance its platform and invest further in AI technology, TechCrunch reported. The round included participation from MSD, SBI Ven Capital, M Venture Partners, FEBE Ventures, and Partech Partners.
HD operates HDmall, a digital healthcare platform that connects users with hospitals and clinics for surgeries, health checkups, and treatments while offering installment payment options. The platform aggregates medical services to lower costs and improve accessibility.
With this funding, the startup aims to expand its network to 5,000 providers and 600,000 patients by 2025.
HD has also introduced Jib AI, a chatbot trained on healthcare transaction data to enhance patient interactions. Over the next year, the company plans to expand Jib AI’s capabilities to include scheduling, refunds, and AI-powered virtual care while strengthening partnerships with insurance firms, pharmaceutical companies, and employers.
Hex Trust acquires Byte Trading to expand institutional digital asset services
Hex Trust, a provider of digital asset financial services, has acquired Byte Trading, bolstering its position as a full-service financial institution for institutional investors.
The acquisition will integrate Byte Trading’s low-latency trading platform into Hex Trust’s regulated infrastructure, enhancing execution and prime services.
Hex Trust plans to continue expanding its capabilities and institutional market reach, with further acquisitions expected throughout 2025.
Recent deals completed in China:
- Feylyly, a women’s sportswear brand, has raised a seven-figure RMB sum in seed funding from Deju Investment, a fund under X Group. The fresh capital will be used to build out its supply chain, expand distribution channels, and grow its team. Founded in 2022, Feylyly targets women aged 35–45 in first- to third-tier cities and offers apparel, gear, and footwear, among other products. —36Kr
- Buddy Buzzy, a mom-and-baby technology brand, has secured a new funding round in the hundreds of millions of RMB. The round was led by a Hangzhou state-owned industrial fund, with participation from existing investor PGA Capital. The capital will support product R&D, ecosystem development, brand expansion, and the construction of a production facility. —36Kr
- LinkZill, a Hangzhou-based life sciences company, has raised an eight-figure RMB sum in a Series A funding round from Proxima Ventures. The investment will be used to accelerate product delivery and support global expansion. Founded in 2019, LinkZill applies thin-film transistor (TFT) semiconductor technology to DNA synthesis and related applications. —36Kr
- Nanos Medical, a medtech firm specializing in otolaryngology and craniospinal surgery devices, has closed a funding round, raising over RMB 300 million (USD 42 million). Qiming Venture Partners led the round, with support from Riverhead Capital. Poseidon Hill Capital served as the financial advisor. The company will allocate the funds toward market expansion and product development. —36Kr
ArmourZero, Klook, Tabby, and more made recent headlines:
- ArmourZero, a Malaysia-based cybersecurity company, raised an undisclosed investment from Gobi Partners through its Gobi Dana Impak Ventures (GDIV) fund, backed by Khazanah Nasional Berhad.
- Klook, one of Asia Pacific’s leading travel experience platforms, secured USD 100 million in fresh funding led by Vitruvian Partners.
- Tabby, a buy now, pay later (BNPL) fintech company, raised USD 160 million in a Series E funding round. The round was co-led by existing investors Blue Pool Capital and Hassana Investment Company, with participation from STV and Wellington Management.
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