Finance

Vietnam’s services platform JupViec snags funding from venture builder STI Holdings

JupViec, a Vietnam-based service platform, has received an undisclosed amount of funding from venture builder STI Holdings, making it the largest institutional shareholder in the company, DealStreetAsia has reported. The funding will help the firm to accelerate staff training, enhance its service quality, and upgrade technological capacity.

Its previous backers are Japan’s Cyberagent Capital and impact fund Patamar Capital.

JupViec serves to connect women-majority gig workers to households who demand helpers.

For the upcoming projects, the startup will provide new service offerings, including viral disinfection, household sanitation, electronics cleaning, and ironing.

Singapore’s knowledge sharing startup Arches receives US$450K from Vietnam-based accounting firm I-GLOCAL, others

Singapore-based knowledge-sharing service firm Arches announced today it has raised US$450,000 funding from Vietnam-based accounting firm I-GLOCAL and individual investors, including Masashi Suekane, Managing Director of Bain Capital Private Equity, Hiroyuki Ono, Partner at ACA Investments, and six other angel investors.

With the funding, reports DealStreetAsia, the startup will continue to grow its operations in Singapore, Tokyo, Ho Chi Minh City, Shanghai, and Tashkent.

“In Asia, especially in the fastest-growing economies, industry information belongs to a small group of insiders, and public data and reports available to the market are extremely limited,” said Hiroki Kato, representative director of Arches.

People

Gaming, e-sports startup yup.gg hires two ex-BBH agency execs into leadership positions

Singapore-based yup.gg has appointed David Webster as Chief Commercial Officer and Tim Lindley as Chief Experience Officer.

Both these executives previously worked at BBH (Bartle Bogle Hegarty). Webster held the role of BBH’s Singapore Managing Director for the past 14 years, leading global and APAC accounts for Nike, Samsung, and Riot Games. Lindley was BBH Managing Partner and Head of Content, working with brands including Nike, Samsung, Riot Games, Sentosa, and YouTube, who’s also a former Red Bull exec.

According to yup.gg, the appointment of Webster and Lindley its executive team is the start of expansion plans across the region.

CEO and Co-founder Rai Cockfield said: “In their new roles Webster and Lindley will develop the demand side of the yup.gg marketplace, deepening partnerships with brands and agencies, and working closely with the platform engineering team to evolve the product experience to fit the needs of today’s brand marketers.”

Business

Global financial settlement network EMQ partners with Singapore’s FAST to establish Southeast Asian presence

EMQ, a global financial settlement network, announced today that it is augmenting its footprint across Southeast Asia with direct connectivity to Singapore’s Fast and Secure Transfers (FAST) network and extensive bank coverage across Malaysia.

“As the digital transformation journey continues in Southeast Asia, enterprises today are increasingly international in scale to capitalise on the cross-border business opportunities. It is fuelling the growth in digital payments, which is expected to exceed US$1 trillion by 2025.

Hence, the ability to make and receive cross-border payments quickly and transparently is critical for businesses to thrive globally,” said Max Liu, Co-founder, and CEO of EMQ.

Also Read: Here’s how global businesses could drive sustainable development

Powered by EMQ’s global financial settlement network, businesses can now have instant access to 19 banks under Singapore’s FAST and bank coverage across Malaysia under one single, secure, and comprehensive API integration. EMQ’s Connect API integration platform is designed to streamline the complexity of making cross-border payments by providing solutions that can scale to meet the needs of businesses with high transaction volumes, enabling them to control their workflows for seamless user experience.

EMQ’s network currently spans across Europe, the UK, Singapore, Malaysia, China, Hong Kong, India, Indonesia, Japan, Vietnam, Cambodia, Thailand, Taiwan, and the Philippines.

In the coming months, the company said it will expand across Africa and the US.
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Picture Credit: JupViec

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