Myanmar-focused financing platform Daung Capital has announced the final close of its undisclosed Series A investment round this week. Majuven, an early- and growth-stage venture capital firm from Singapore is the new investor in the company. The deal marks Majuven’s first investment in Myanmar. With the Series A round now closed, Daung Capital’s post-money valuation has reached SGD 16.5 million (USD 11.9 million). Daung Capital allows Myanmar users to purchase motor vehicles and electronics goods through a rent-to-own agreement. People can rent a product for a specific time with an option of subsequently purchasing it. The platform also provides corporate financing for Myanmar SMEs and cash advances for salaried workers. The startup claims it has financed about 2,900 motorbikes in the country and has got about 3,500 active borrowers.