Life.SREDA and Marvelstone invest $ 20 million in Asian startups on a parity basis
Venture Fund Life.SREDA has concluded an agreement with the investment group Marvelstone . They will jointly invest in Asian startups. The focus will be on Korean projects. It is planned to invest a total of $ 20 million. In Asia, partners are hoping to discover promising counterparts of such successful projects as Square , Lending Club , Moven Bank , Stripe, and so on.
Since 2012, Marvelstone has invested in high technology, insurance, real estate, hospitality and media projects. Marvelstone CEO Gina Heng explained the choice of Life.SREDA as a partner: “They understand the potential and opportunities of the Asian Fintech sector, and we share this vision of growth in Asia”
Life.SREDA and Marvelstone will support projects not directly, but through their accelerators InspirAsia and 10K, respectively, Kommersant reports . InspirAsia is interested in seed and early-stage projects from such areas as mobile payments, online lending, money transfers, e-wallets, payment services for hotels, cafes and restaurants. Accelerator invests $ 50-300 thousand in exchange for a share in the project from 5% to 15%.
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According to a study by the Foundation Life.SREDA entitled “Money of the Future”, last year, projects at the junction of finance and information technology around the world attracted $ 6.8 billion. This is three times higher than in 2013 ($ 2.2 billion). Asia was among the 5 most attractive regions for investors. So, Asian projects received $ 0.79 billion last year.
On February 9, Megamind wrote that the Life.SREDA foundation was going to buy the Asian mobile acquiring service iboxPro , launched in the markets of Vietnam, Indonesia and Thailand. The amount of the transaction was estimated at $ 10 million.
However, at the stage of registration of the transaction the companies had disagreements . “Life.SREDA wanted to buy our Asian business. Russian business was not part of the deal. There was no certainty about many issues on the transaction, so it seemed to us that the merger with 2can is more interesting, ”said iBox CEO Denis Dyakonov.
Since 2012, Marvelstone has invested in high technology, insurance, real estate, hospitality and media projects. Marvelstone CEO Gina Heng explained the choice of Life.SREDA as a partner: “They understand the potential and opportunities of the Asian Fintech sector, and we share this vision of growth in Asia”
Life.SREDA and Marvelstone will support projects not directly, but through their accelerators InspirAsia and 10K, respectively, Kommersant reports . InspirAsia is interested in seed and early-stage projects from such areas as mobile payments, online lending, money transfers, e-wallets, payment services for hotels, cafes and restaurants. Accelerator invests $ 50-300 thousand in exchange for a share in the project from 5% to 15%.
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According to a study by the Foundation Life.SREDA entitled “Money of the Future”, last year, projects at the junction of finance and information technology around the world attracted $ 6.8 billion. This is three times higher than in 2013 ($ 2.2 billion). Asia was among the 5 most attractive regions for investors. So, Asian projects received $ 0.79 billion last year.
On February 9, Megamind wrote that the Life.SREDA foundation was going to buy the Asian mobile acquiring service iboxPro , launched in the markets of Vietnam, Indonesia and Thailand. The amount of the transaction was estimated at $ 10 million.
However, at the stage of registration of the transaction the companies had disagreements . “Life.SREDA wanted to buy our Asian business. Russian business was not part of the deal. There was no certainty about many issues on the transaction, so it seemed to us that the merger with 2can is more interesting, ”said iBox CEO Denis Dyakonov.
Source: https://habr.com/ru/post/292150/
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