AGP Executive Report
Last update: 4 hours agoVenture Capital: Mirae Asset’s India VC arm Mirae Asset Venture Investments (India) has held the first close of its MAVOF II fund, targeting up to Rs 1,800 crore, backing early growth in AI/software, deep-tech and advanced manufacturing. Crypto Regulation: Kenya’s new crypto rules force startups to meet steep paid-up capital thresholds by Nov. 4, pushing some founders to consider relocating to places like South Africa or Mauritius. Payments & Digital Money: Polygon joined the Bank of England’s Digital Pound Lab Phase 2 consortium to test cross-border settlement using a stablecoin leg plus a tokenised digital pound in a simulated setup. Fintech Funding Watch: India fintech raised $2.2B in H1 2026, with late-stage deals dominating and lending/payments leading capital flows. Banking Performance: KCB reported KSh2.3T in assets, with deposits and loans rising and bad loans falling in the first half. Startup/Infra Moves: Shiprocket’s $170M IPO was fully subscribed, while Bluehill.VC closed a Rs 400 crore frontier-tech fund for defence, space, semiconductors and energy. Travel Payments: Revolut plans premium airport lounges across Europe, starting with Copenhagen Airport. RegTech/Compliance: CBN opened applications for a second regulatory sandbox cohort for banks, fintechs and crypto firms.
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