• VC firm Gobi Partners launches Gobi-Agung Fund in Indonesia

    By Prosyscom
    In March 25, 2019
      Regional venture capital (VC) firm Gobi Partners launched its new early-stage fund, the Gobi-Agung Fund, in Indonesia today. The fund size reaches US$10 million, with ticket sizes up to US$1 million for each deal. The Venture Partner that will helm the fund is Arya Masagung, who joined the...
  • Abu Dhabi aims to lure start-ups new technology hub

    By Prosyscom
    In March 25, 2019
    Abu Dhabi will commit up to 1 billion dirhams (US$272 million) to support technology start-ups, it said on Sunday, in a dedicated hub as part of efforts to diversify its economy. ABU DHABI: Abu Dhabi will commit up to 1 billion dirhams (US$272 million) to support technology start-ups, it...
  • WeChat Pay to roll out at over 600 Singapore retail outlets

    By Prosyscom
    In March 24, 2019
    Last week, Singapore’s largest cashless payment provider, NETS, announced it has teamed up with Tencent to let NETSPay users transact at terminals that accept the Chinese giant’s e-payment platform, WeChat Pay. This would allow NETSPay users to easily make purchases while travelling in China, where WeChat Pay is ubiquitous. Today,...
  • Singapore travellers use NETS for mobile payments in China

    By Prosyscom
    In March 24, 2019
    People residing in Singapore who use the payments service NETS which is practically everybody could shortly be able to take the system abroad and use it for mobile payments in China, according to the South China Morning Post. Citing sources, the SCMP reported that NETS and Tencent are in...
  • Duo has built a cool edtech startup and got funding

    By Prosyscom
    In March 23, 2019
    After finishing his schooling, Singapore-born Jack Soh enrolled in the University of Melbourne for a Bachelor’s Degree in Commerce. During his stay in the Australian city, he opened a Chinese restaurant where he got an opportunity to meet numerous mentors by chance, and they shared valuable knowledge with him...
  • Tune Protect Chief says the future of insurance is invisible

    By Prosyscom
    In March 23, 2019
    INSURANCE is sold, not bought. It’s marketed to people who’re afraid they’ll lose their home to a fire or be unable to pay for treatment when injured in an accident. Although insurance is a US$4.8 trillion market (gross written premiums, 2017), it’s also an industry that is increasingly struggling...
  • UOB Malaysia launches a mobile app UOB GetBanker

    By Prosyscom
    In March 22, 2019
    UNITED Overseas Bank (Malaysia) Bhd (UOB Malaysia) on March 21 announced the launch of UOB GetBanker, a mobile app that swiftly and securely matches prospective property buyers with the bank’s team of mortgage specialists. UOB GetBanker, which digitalises the property buying process, affirms the bank’s commitment to harness technology...
  • Fast growing e-commerce driving demand for industrial properties

    By Prosyscom
    In March 21, 2019
    THOUGH domestic and international issues have dimmed the outlook for the country’s economy, the demand for industrial properties, particularly mega distribution centres, inner-city distribution centres and purpose-built, industry-focused facilities, is expected to remain strong this year. Malaysia’s gross domestic product grew 4.7% last year, a marked drop from 5.9%...
  • Qatar hosts global launch of world’s 1st Islamic digital e-token ‘iDinar’

    By Prosyscom
    In March 20, 2019
    Qatar hosted the global launch of ‘iDinar,’ the world’s first Islamic digital e-token platform, on the sidelines of the ‘5th Doha Islamic Finance Conference’ held in Doha yesterday. The iDinar platform is a blockchain based e-token, in which its initial value of one dinar e-token is backed by 1gm...
  • AnyMind Group closes Series B funding at a total of US$21M

    By Prosyscom
    In March 20, 2019
    Singapore-based AnyMind Group, an AI-based adtech and marketing tech, has announced it has closed its Series B Plus fundraising round. It raised an additional US$8 million from Thai VGI Global Media Plc (VGI) and Japanese financial service company Tokyo Century Corporation. The total funding raised by the company is...
  • Singapore payments startup InstaReM closes Series C

    By Prosyscom
    In March 20, 2019
    InstaReM, a Singaporean cross-border payments company, has officially closed its Series C funding round at US$41 million. In the announcement, the company said it plans to IPO in 2021. The company has been raising the funding round for awhile, having announced its first US$25 million close in November, 2018....
  • The Philippines rejects Go-Jek’s appeal for ride-hailing licence

    By Prosyscom
    In March 20, 2019
    The Philippines’ Land Transportation Franchising and Regulatory Board (LTFRB) announced on Tuesday that it has rejected the appeal of Indonesian ride-hailing giant Go-Jek to launch a ride-hailing service in the country through its subsidiary Velox Technology. Board chairman Martin Delara told Reuters that the accreditation committee has denied Velox...