iPrice, an 18-month-old e-commerce aggregation service that’s active in seven countries in Southeast Asia, has closed a $4 million Series A funding round.
The investment was led by existing backers Asia Venture Group (AVG) and Venturra Capital, with participation from Gobi Partners, DMP, Econa and Starstrike Ventures. Malaysia-based iPrice previously raised $1.2 million one year ago, in addition to a $550,000 seed round that kicked the business off when it launched in early 2015.
CtrlShift, an audience-focused marketing solutions company, has launched its global suite of managed end-to-end solutions, r3.
Short for relevance, response, results, R3 uses data, technology and human expertise to deliver smarter and more targeted digital campaigns for brands across multiple channels.
CtrlShift, a digital marketing company, is eyeing to expand beyond Asia over the next few years, with US and Europe under its radar, as its hopes to tap on the growing demand for digital advertising. The company currently has presence in Singapore, Malaysia, Indonesia, Thailand and the Philippines.
“We are now expanding to China and thereafter US and Europe. Within Southeast Asia (SEA), we are also exploring opportunities in Vietnam – an emerging market where we see strong growth potential for its digital advertising market. By entering the market early, we will have a head start in tapping on the country’s increasingly affluent and urbanised population as the market grows,” said CrtlShift chief executive officer Deepika Nikhilender (pic above: first from right) in an email reply.
Bangkok-based financial technology firm 2C2P Co was founded in 2007, and further proves that for all the benefits of youthful energy, a hefty dose of experience can go a long way.
“After almost a decade, we are now no longer a startup, having grown to become one of the leading financial technology (fintech) firms in Southeast Asia, reflecting the capabilities of Thai firms in this area,” said Thai-born Piyachart Ratanaprasertporn, who joined the 2C2P team in 2010 with expertise in business development.
Southeast Asian payments company 2C2P announced today that it has signed partnership deals with Nepal’s largest private bank Himalayan Bank Limited (HBL), its national flag carrier Nepal Airlines, and Kazakhstan’s principal airline and flag carrier, Air Astana.
2C2P will be processing online and offline payment transactions for the companies. HBL debit and credit card holders can now transact internationally and domestically with merchants that accept Visa, MasterCard, JCB, Unionpay International and Diners Club International. Nepal Airlines and Air Astana customers can also purchase their flight tickets online with the new partnership–a move to modernise the previously manual cash-based process.
migme CEO Steven Goh discusses how the company is continuing its monetization model through apps and games, and how migme is working towards a cashflow positive position in 2017.
GET ready for the next level: A joint report on Malaysia’s financial search trends by Google Malaysia and financial technology (fintech) startup Jirnexu Sdn Bhd has found that consumers are moving from merely comparing financial products online towards actually buying financial products online.
“The demand is there – people want to transact. If you are a product or service provider, you better be ready,” said Jirnexu founder Hann Liew.
Malaysia-based financial comparison startup Saving Plus has closed a $3 million Series A round to move into new digital banking services. The company has also renamed itself Jirnexu.
The company was founded in 2012 by its CEO and former Citi banker Yuen Tuck Siew to provide better financial choices for consumers via banking comparison sites. Arriving home to Kuala Lumpur following more than decade in the UK, Siew struggled to rebuild his personal finances in the same way as he’d done when he moved to the UK, where the likes of Money Supermarket provide clarity and options for consumers.
Whenever a prime minister of a conservative developing country urges his people to support local tech start-ups, it is held up as evidence that populist sentiment for modernism, internationalization and riskier investment classes is finally evolving. When the leader in question also happens to be military strongman with complete control over policy implementation and local media, the message becomes all the more convincing.
This is what happened in Thailand late last month when General Prayut Chanocha officially opened the Startup Thailand 2016 fair at the National Convention Centre in Bangkok. The event served as a publicity vehicle for the government’s new THB20 billion ($574 million) venture fund, which aims to foster 10,000 start-ups in the country by 2018.
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