Daily Brief Financials: Five Star Business Finance, AirWallex, China SCE and more

• Five-Star Business Finance (0958461D IN)  is looking to raise around US$300m in its upcoming India IPO. The deal will be run by ICICI Securities, Edelweiss, Kotak, and Nomura.
• Five-Star Business is a non-banking financial company (NBFC-ND-SI) that provides secured business loans to micro-entrepreneurs and self-employed individuals.
• In this note, we talk about the not so positive aspects of the deal.

• Global payments and banking platform Airwallex has closed its Series E extension round with US$100 million in funding.
• Founded in Melbourne in 2015, Airwallex provides integrated solutions for business and personal cross-border transactions.
• It facilitates international money transfers through payment collection, foreign exchange, remittance and security settlement.

Lucror Analytics Morning Views comprise our fundamental credit analysis, opinions and trade recommendations on high yield issuers in the region, based on key company-specific developments in the past 24 hours. Our Morning Views include a section with a brief market commentary, key market indicators and a macroeconomic and corporate event calendar.

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