Looking at the previous week’s venture capital rounds reveals a perhaps unsurprising trend in investment right now: the future of fintech does not reside in America. The list of largest funding from the past week in our new Big Money feature includes, for example, a Vietnamese shopping mall conglomerate. One business is based in India, and another in New Zealand. At No. 2, China Bank, despite its name, is actually based in the Philippines. The odd one out is Adaptive Insights at No. 5, which is headquartered in California. It is also one of only two companies on our Top 5 list to fall short of the $100 million mark.
5) BankBazaar.com, a neutral online marketplace that gives instant customized rate quotes on loans and insurance products, raised $60 million from a variety of investors including Amazon and Walden International.
4) Adaptive Insights, a leader in cloud business technology innovation, gained a new investor in JMI Equity last week. JMI invested $75 million.
3) Vincom Retail, operator of the Vincom Shopping Mall, Ho Chi Minh City, Vietnam’s biggest shopping mall, garnered $100 million in capital from Warburg Pincus.
2) China Banking Corporation is the Philippines’ first privately owned local commercial bank. It secured $158 million in debt financing from various regional and international banks last week.
1) GFG Group provides consumer electronic payments software solutions to banks, mobile network operators, and third party processors. It raised a stunning $167 million last week, grabbing the top spot.