Micro Connect, a Hong Kong-based microfinance platform, has raised $458m in a Series C funding round. The round was led by GIC, Temasek Holdings, and OP Investment Management, with participation from other investors including UBS Asset Management, Bank of China International, and China Merchants Bank International.
Asia Private Equity News
The funding will be used to expand Micro Connect’s microfinance platform and to develop new products and services. The company plans to use the platform to connect global capital with China’s micro and small businesses.
Micro Connect was founded in 2017 by former Hong Kong Exchange CEO Charles Li. The company’s platform allows micro and small businesses to raise capital by issuing revenue-sharing debt securities. These securities are traded on the Micro Connect (Macao) Financial Assets Exchange (MCEX), which is the world’s first exchange to trade revenue shares.
The funding round is a significant endorsement of Micro Connect’s business model. The company has already raised over $1 billion in funding, and it is now one of the leading microfinance platforms in Asia.
The funding will help Micro Connect to expand its reach and to offer new products and services to its customers. The company is well-positioned to grow in the coming years, as the demand for microfinance continues to grow in China.
About Micro Connect
Micro Connect is a financial technology company that connects global capital with China’s micro and small businesses. The company’s platform allows businesses to raise capital by issuing revenue-sharing debt securities. These securities are traded on the Micro Connect (Macao) Financial Assets Exchange (MCEX), which is the world’s first exchange to trade revenue shares.
Micro Connect was founded in 2017 by former Hong Kong Exchange CEO Charles Li. The company is headquartered in Hong Kong and has offices in Macau, Beijing, and Shanghai.
Impact of the Funding
The funding round will help Micro Connect to expand its microfinance platform and to develop new products and services. The company plans to use the platform to connect global capital with China’s micro and small businesses.
The funding will also help Micro Connect to grow its team and to expand its marketing efforts. The company is well-positioned to grow in the coming years, as the demand for microfinance continues to grow in China.
Conclusion
The funding round for Micro Connect is a significant endorsement of the company’s business model. The company is well-positioned to grow in the coming years, as the demand for microfinance continues to grow in China.
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