Finance
Singapore-based cybersecurity firm Right-Hand raises US$1M in seed funding led by Atlas Ventures
Singapore-based cybersecurity firm Right-Hand has announced a USS$1 million seed funding round led by early-stage VC fund Atlas Ventures. Participating in the round are Singapore government’s investment arm SGInnovate and talent investor Entrepreneur First.
The company said that it will use the funding to accelerate its product roadmap development.
Right-Hand offers a Software-as-a-Service (SaaS) platform for companies to monitor, measure, and mitigate human-induced cybersecurity risks. It analyses employee behaviour in real-time, produces user behaviour analytics, and delivers customised and user-friendly micro-learning training modules to educate employees on their risky behaviours.
Singapore’s SPH Ventures joins the US$3M seed round in US-based global influencer marketing community influence.co
The corporate venture arm of Singapore Press Holdings (SPH), SPH Ventures, has joined a US$3 million seed funding round in US-based platform for influencer marketing community influence.co, as reported by DealStreetAsia.
Bonfire Ventures led the investment with participation from ACT Capital, Alumni Ventures Group, and Next 10 Ventures.
influence.co plans to use the funding to scale its community and launch a media division to cover the influencer and creator lifestyle.
influence.co was launched in 2016 by Ryan Angilly, Niel Robertson, and Jeff Smith to connect everyone in the influencer economy through content, community-building, and collaborative commerce.
Finastra’s global fintech hackathon chooses Philippines student team as the winner
Finastra has crowned Team ‘WonderTech’ from the Philippines as the grand prize winner of its global fintech hackathon FusionFabric.cloud.
The Manila-based team was selected among five category winners for its ‘Agree Farm App’ at Finastra Universe New York.
Also Read: 5 key trends in banking for 2020 and beyond
The app aims to connect rural farmers in the Philippines to access to bank loans, built using open APIs on FusionFabric.cloud, Finastra’s open development platform. It was chosen by an audience of senior professionals representing financial institutions.
Team ‘WonderTech’ consists of four young professionals and university students in Manila: Michael Puzon, Vaniza Dagangon, John Robert Tubale, and Clyde Palattao. More than 1,000 individuals, including data scientists, developers, and engineers, from across 38 countries participated in the ‘Hack to the Future’ hackathon.
The complete list of category-winning apps includes:
• Future of Capital Markets: Stratl
• Future of Corporate Banking: Accenture, with IN-CRE-D (Intelligent Credit Decisioning using AI) app
• Future of Payment & Banking for a Better Future: WonderTech, with Agree Farm App
• Future of Retail Banking: ING, with Financial Assistant on FB Messenger app
• Best App by an Established Fintech: Manager.one
Indian teen-targeting payment app FamPay gets US$4.7M in funding from Y Combinator, others
Bangalore-based fintech startup focussing on teens as its main target market, FamPay, announced that it has received a US$4.7 million seed funding round from Y Combinator, Venture Highway, Sequoia India, and Global Founders Capital (GFC).
Also participating in the funding round are angel investors and Twitch cofounder Kevin Lin, Robinhood cofounder Vladimir Tenev, CRED founder Kunal Shah, and Pine Labs CEO Amrish Rau.
With the funding, FamPay said it seeks to expand its engineering team to enhance its technology stack and improve the platform.
According to an article by Inc24, FamPay was founded by recent graduates of the Indian Institute of Technology (IIT) Roorkee: Kush Taneja and Sambhav Jain.
Using FamPay, students can get a debit card without the need to set up a bank account. Parents can then top up the FamPay account of their teenage children and supervise their spending.
FamPay has partnered with ICICI Bank to issue the physical card that can be ordered through the app.
Also Read: Trax acquires European image recognition startup Qopius to expand digital retail presence
Business
PropertyGuru launches mortgage marketplace with PropertyGuru Finance, targeting home financing for Singaporeans
Singapore-based property technology company PropertyGuru has announced its expansion into home financing with the launch of its mortgage marketplace PropertyGuru Finance.
The PropertyGuru Consumer Sentiment Study H1 2020 reveals only 18 per cent of Singaporeans are ‘very familiar with the home loan process’. Almost 50 per cent of home buyers are not familiar with the paperwork that is required to apply for a home loan, and two in five Singaporeans are not aware that they can refinance their home loan and save on monthly costs.
The company will offer digital home financing services such as instant in-principle approval, instant offers, refinance checks, to enable property buyers to consume home financing services conveniently, securely and instantly online.
–
Photo by Jefferson Santos on Unsplash
The post Morning News Roundup: Cybersecurity firm Right-Hand raises US$1M in seed funding appeared first on e27.