ExitStack

Link: diaspora.exitstack.co/

Transsion, the Shenzhen-based company behind TECNO, Infinix, and itel, has raised approximately US$390Mn in its Hong Kong IPO, adding a second stock market listing alongside its existing presence on Shanghai's STAR Market. The company sold approximately 86.6 million shares at US$4.50 apiece, attracting US$159Mn in commitments from cornerstone investors, including Singapore's GIC, E Fund, Millennium, and Longsys. Transsion plans to allocate 40% of its net proceeds toward AI research and development. The listing also carries a Bangladesh connection. Arif Chowdhury, a co-founder and Executive Director of Transsion, is of Bangladeshi origin, according to China Daily and Caixin. The company operates a US$22Mn manufacturing facility in Narayanganj, capable of producing one million smartphones per month. Transsion's Hong Kong debut comes amid renewed scrutiny of investor appetite for listings beyond the AI supply chain. The company reported a 21.9% increase in first-half 2026 revenue to US$5.2Bn, following a 53.5% decline in annual profit in 2025. The transaction brings together emerging-market smartphone demand, international capital, and Transsion's next phase of investment in AI. Read the full story: exitstack.co/posts/transsion…

AI data centers need round-the-clock power. Microreactors are one way to supply it: small nuclear units built in a factory and installed next to the data center. @AaloAtomics 's Aalo-X test reactor reached criticality at Idaho National Laboratory on July 4, less than eight months after groundbreaking. Aalo was the fourth company to reach criticality under the US Department of Energy’s (@ENERGY) Reactor Pilot Program, which had set July 4 as its target. AI infrastructure company Crusoe plans to use Aalo power for a data center at INL in 2027. Raised in Bangladesh, Yasir Arafat (@yasir_fission ),co-founder, CTO and president of Aalo Atomics, has worked on microreactors since 2014. He helped sketch Westinghouse’s eVinci and was chief designer of INL’s MARVEL. “Aalo” is Bengali for light. What does the milestone mean? Why does it matter? Read: exitstack.co/posts/aalo-atom…

@Uber has agreed to acquire @ezCater , the U.S. workplace catering platform led by Bangladeshi-American CEO @NihadRahman82 , in an all-cash transaction valued at US$2.3Bn. exitstack.co/posts/uber-to-a…

From ShopUp's Gulf merger to @PathaoBD 's profitability and @userevora 's move into MENA, more Bangladeshi startups are earning global revenue. @heyishti of @AnchorlessBD draws six principles from them. exitstack.co/posts/how-bangl…

Read the full story: exitstack.co/posts/banglades…

@EllipsisHealth , co-founded by Bangladesh-born Mainul Mondal (@SFmainul ) , is on TIME and Statista's 2026 list of the world's top HealthTech firms. In June 2025 it launched Sage, an AI care manager, raised US$45Mn, led by @SalesforceVC , @khoslaventures , @CVSHealth Ventures

Full story on ExitStack 👇exitstack.co/posts/fin-com-r…

"We believe that money movement is like a plane taking off from one airport, but it has to land somewhere else," Alamgir told @Fortune. "We want to solve the last mile delivery problem."

Fin.com has offices in New York, Las Vegas, Dubai, Dhaka, Bangalore, and Lahore. Alamgir said its infrastructure has touched 825 million users.

The New York-based company builds white-label payment infrastructure that converts stablecoins into local bank accounts and digital wallets — selling to financial services firms, consumer platforms, and prediction markets.

Fin.com, co-founded by Bangladeshi-born Nabeel Alamgir (@Moneymamba ), has raised US$20Mn in a Seed round led by @expa and Uber co-founder Garrett Camp (@gc).

Co-founded by Bangladeshi-born entrepreneur Mohammad Raafi Hossain, the round comes four months after Fasset's US$51Mn Series B.

@fasset raised US$68Mn in a Series C led by @sbigroup at a US$1Bn valuation. 🧵 exitstack.co/posts/fasset-ra…

BSIC's inaugural fund, ONKUR, is US$35Mn, backed by 39 commercial banks under Bangladesh Bank's guidance, and built to back Bangladeshi founders for decades to come. With Waiz Rahim now leading as MD & CEO, the fund is preparing to deploy that capital into the country's startups.

Before BSIC, Rahim was Venture Partner for Bangladesh at @sturgeoncapital (US$300Mn AUM across Central Asia, Pakistan, and Bangladesh), working on sourcing, due diligence, and portfolio development.

@bsicfund appoints Waiz Rahim as MD & CEO, the bank-backed institutional VC platform's first CEO, tasked with deploying capital into Bangladesh's late-seed and Series A gap. exitstack.co/posts/bsic-appo…

We broke down all 7, and how the money splits. Read the full story: exitstack.co/posts/banglades…

@startupbdltdvc published 7 criteria: fund size, strategy fit, market presence, track record, team experience, compliance, and how much capital you put up yourself. Its own stake caps at 49.99%, with a 1:1 matching commitment toward Bangladesh.