Daily Briefing: Coda Payments raises $27m in funding round; Securities platform iSTOX bags $6.8m from Tokai Tokyo

And only a fifth of employees are satisfied with their health and wellness benefits.

From DealStreetAsia:

Coda Payments, a fintech firm that helps digital content providers accept payments, has raised $27.22m (US$20m) in an investment led by UK-based private equity firm Apis Partners.

Apis and Toivo Annus, one of Coda’s existing angel investors, acquired shares from several of the fintech firm’s seed-stage investors as part of the transaction.

Founded in 2011 by Bobby Choi, Neil Davidson, and Paul Leishman, Coda Payments had raised $1.22m (US$900,000) in its seed round in 2012. It last raised $2.72m (US$2m) in a Series A funding round in 2016 backed by Golden Gate Ventures.

Coda is a payments processing firm that helps games publishers such as Tencent, Garena, and Netflix monetize games and other digital content in more than 20 emerging markets.

Read more here.

From e27:

Regulated capital markets platform iSTOX has raised $6.8m (US$5m) in funding as Japan-based Tokai Tokyo Financial Holdings joined SGX, Temasek subsidiary Heliconia, and Thai investment bank Phatra as investors. Tokai Tokyo Financial Holdings made the investment via Singapore subsidiary, Tokai Tokyo Global Investments.

In its official statement, iSTOX said that the partnership with the Japanese financial services firm gives iSTOX a strategic gateway to accredited and institutional investors and issuers across Japan through Tokai’s extensive network.

iSTOX offers support for the one-stop issuance, custody, and trading of digitised securities. It draws on the smart contract and distributed ledger technology to streamline the issuance and trading process and seeks to support private capital markets by allowing investors and issuers to connect and transact directly.

Read more here.

From Human Resources Online:

About a fifth or 22% of employees rated the availability of health and wellness benefits as good, according to a report by Aetna International. However, about as many employees found the current support as poor.

When it came to support for stress, whilst 43% agreed that existing support is adequate, more employees or 37% rated access to direct support as poor. Similarly, about a third or 34% of employees felt that their company’s current mental health support was poor.

Amongst HR directors and employers, almost two thirds or 60% of HR directors rated the availability of health and wellness benefits as good.

Read more here.

Screenshot from Coda Payments website