AEI Legal advised edtech Cialfo on the extension of its Series A round to US$15 million.

The round was co-led by SIG and Vulcan Capital, and included other noted investors such as January Capital, Bisk Ventures, DLF Venture, Alto Partners Multi-Family Office, and Immobillari as well as angel investors Patrick Walujo and Teik Ngan Loy.

Cialfo connects higher education institutions & students across the globe by providing AI-powered college search & application management tools and intends to expand its reach in India, China, and Southeast Asia.

Read more on Entrepreneur:
https://www.entrepreneur.com/article/364672

AEI lawyers Andrea Chee & Zhitian Law advised Cialfo.

Insider, a Turkish marketing platform headquartered in Singapore and operating in 23 countries, closed a recent funding round that allegedly valued Insider at over US$200 million.

The Series C involved prominent investors Riverwood Capital, Sequoia Cpaital, Wamda Capital, and Endeavor Catalyst, amongst others.

AEI lawyers Andrea Chee and Zhitian Law were Singapore counsel to Riverwood Capital.

AEI Legal advised the Xfers Group as part of the US$53 million Series B round for Payfazz Financial Group. Other investors included B Capital, Insignia Venture Partners, Tiger Global, Y Combinator, and Ace & Company.

Payfazz offers a portfolio of mobile services that make it easier for Indonesians, even in rural areas without banks, to handle routine financial tasks. Payfazz has reported 10 million monthly active users, and has been named one of Indonesia's top 10 fintechs.

Read more on Techcrunch:
https://techcrunch.com/2020/07/06/payfazz-gets-53-million-to-give-more-indonesians-access-to-financial-services

AEI lawyers Andrea Chee & Yuho Bong advised the Xfers Group.

Basis Technologies Pte Ltd, an AI-focused start-up founded by the former head of data science at Twitter Asia Pacific, the former head of data science at Uber and Dropbox, and the former director of data science and AI at Singapore’s GovTech, completed its Series A financing with Singapore’s sovereign wealth fund Temasek, and Sequoia India.

This was one of the very first deals to be negotiated and completed utilizing the Venture Capital Investment Model Agreements (VIMA) which were released by the Singapore Venture Capital and Private Equity Association (SVCA) in October 2018.

AEI lawyers Andrea Chee & Cheryl Yang advised Basis Technologies.