DLA Piper has advised Experian, the Dublin-based global information services company, as lead investor, and responsAbility Investments AG (rAp) and Deutsche Investitions - und Entwicklungsgesellschaft (DEG), as other investors, on the US$28 million Series C investment in Singapore-based C88 Financial Technologies Group (C88). This is one of the largest venture capital Series C fintech rounds in Southeast Asia.

"The transaction involved multiple jurisdictions including the US and Southeast Asia, and demonstrates our cross-border M&A expertise."

C88 is one of Southeast Asia’s largest and fastest growing fintech companies. It operates Indonesia’s CekAja.com and Philippines’s eCompareMo.com – both are their respective country’s top financial marketplaces. C88 is also opening a third marketplace in Thailand.

The DLA Piper team was led by Country Managing Partner in Singapore, Joseph Bauerschmidt, supported by Corporate senior associates Oscar Franklin Tan and Wincen Santoso. They were assisted by Corporate partners Randy Socol and Jon Olsen in San Diego.

DLA Piper's Country Managing Partner in Singapore, Joseph Bauerschmidt, commented: "The transaction involved multiple jurisdictions including the US and Southeast Asia, and demonstrates our cross-border M&A expertise. Furthermore, our work highlights our granular local knowledge of Singapore, Philippine and Indonesian financial products and technology regulation."

Experian, rAp and DEG were joined by Series C investors InterVest, FengHe Fund Management, Pelago Capital and Fuchsia Venture Capital. C88's existing investors include Monk's Hill Ventures, Telstra Ventures, Kickstart Ventures and Kejora Ventures.