India
WEH Ventures, Venture Catalysts, Soonicorn Ventures, others joined the round.
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India has the third largest fintech ecosystem globally, after the US and the UK.
World
The 178-year-old wealth manager has been valued at $1.7b.
Indonesia
The firm plans to disburse loans worth 3 trillion rupiah every month by end-2025.
ADB and BII also participated in the Series F round.
Mitsubishi UFJ and Sumitomo Mitsui Banking Corp are also interested in the stake.
Rest of Asia
The firm has received a preliminary nod to operate from Abu Dhabi’s financial centre ADGM.
In Jan, MobiKwik filed for an IPO worth up to $84m.
AUM of HPS has vaulted to about $148b as of Sept from $34b in 2016.
Univest had last raised $1.5 million in seed funding in March 2023.
