The Tencent-backed global payments and foreign exchange unicorn debuted its borderless card last month in Australia, but headwinds, such as the COVID-19 pandemic, is taking its toll on its existing client base.
New to the investment game, family office RHL Ventures acutely follows Asian millennial behaviour and invests in startup companies it believes will capitalise on it. Investments run the gamut from dating, bespoke coffee to “clean” cosmetics.
Jakarta-based Warung Pintar has pushed thousands of “mom and pop” shops into the 21st century by digitising their businesses. The startup has raised $35 million to date and tells FinanceAsia it’s keen for more investors to come in.
The sudden uptick in early stage investment into Chinese online education may provide temporary relief for a sector suffering from a slowdown in appetite since the summer of last year. However, investors may struggle to pick the wheat from the chaff.