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Hong Kong-based microfinance platform Micro Connect raises $458 mln from investors -statement

Reuters

HONG KONG, Aug 2 (Reuters) - Hong Kong-based microfinance platform Micro Connect on Wednesday said it has raised $458 million from new and existing investors, including private equity and venture funds and university endowments.

Micro Connect, co-founded by former Hong Kong Exchanges and Clearing CEO Charles Li, will use the funds to support the company's Micro Connect (Macao) Financial Asset Exchange, according to a company statement. (Reporting by Roxanne Liu and Selena Li; Editing by Tom Hogue)