Backed by Hong Kong-listed FIH Mobile and Chinese imaging apps specialist Meitu, social entertainment apps provider migme plans to expand its operations this year in India, the world’s fastest-growing smartphone market.
“[After China] the next explosion of social media is in emerging markets” said Steven Goh, the founder and chief executive of Singapore-based migme.
Singapore-based ad tech firm CtrlShift, formed at the start of last year from the merger of three companies, has named former Mindshare veteran Deepika Nikhilender as its new managing director.
Nikhilender joins the programmatic trading firm after an 18-year career at Mindshare, the last 11 as Asia Pacific business planning leader. She was also chief executive of Mindshare Growth and Emerging Market Solutions (GEMS) for the past two years.
Singapore-based venture capital firm DMP has led a $2.5 million Series A round for clinical services marketplace Medical Departures.
According to a statement, the capital will be used to expand the range of clinics and procedures the company offers in regions including Southeast Asia. Other participants in the round included Hubert Burda Media, CyberAgent Ventures and OPT SEA.
Shares in social media entertainment provider migme have soared by more than a third after Chinese mobile app developer Meitu invested almost $7 million in the company.
ASX-listed digital media company Migme has released its latest numbers showing impressive growth.
The company, headquartered in Singapore, says it raised its revenue by 525 percent to US$8.7 million in 2015 from the year before, helping trim its net loss by 27 percent to US$14.9 million.
It also grew its monthly active users to 32 million, a 220 percent jump from 2014. That growth was “mostly organic,” co-founder and CEO Steven Goh tells Tech in Asia.
2C2P, the leading Southeast Asian payments services company, together with Myanmar’s Asia Green Development Bank (AGD Bank), the Myanmar Payments Union (MPU) and UnionPay International (UPI), have launched the ‘UnionPay and MPU Co-Brand Debit Card’, the first co-branded debit card in Myanmar that can be used to transact both locally and internationally.
Grain, a Singapore food tech startup, has landed funding to build out its “full-stack” approach to food deliveries in the Southeast Asian city-state. The Series A round is officially undisclosed, but TechCrunch understands that the total amount raised is SG$2.45 million, or US$1.7 million.
The financing was provided by a collection of investors, including NSI Ventures (lead), Ivan Lee — who founded and sold Thai Express in Singapore — 500 Startups, and Digital Media Partners (DMP).
Cashless payments with cards to pay for everything from your groceries to movie tickets and even your taxi fare – is now a way of life. Jonathan Peeris looks at how you can go one better – with mobile payments through your handphone.
Southeast Asia’s leading payments company 2C2P has teamed up with SafeCharge International Group Ltd (LON:SCH), a leader in advanced payment technologies. Through this strategic partnership, Southeast Asian brands and retailers will be able to break into the combined US$985 billion a year European and North American B2C e-commerce markets.
Listed Australian digital media firm, Migme has flagged its foray into Indonesia buying two firms in the fast-growing Asian market as it looks to further expand its social entertainment business beyond Australia.
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