UNDP, 500 Startups held ImpatAim Indonesia’s Demo Day, presenting 9 selected startups [Press Release]
The United Nations Development Programme (UNDP), in partnership with 500 Startups, held ImpactAim Indonesia: Demo Day at Google Developers Space in Singapore as part of the United Nations Sustainable Development Goals (SDGs) initiative. In the Demo Day, the inaugural cohort pitched to high profile investors and regional corporations, financial institutions, family offices, angel investors, and leading venture capital firms.
Nine Indonesian startups participating including KitaBisa, iGrow, Tech Prom Lab, Qlue, Sehati, Sampingan, Mycotech, Indexa Law, and InfraDigital Nusantara. These companies represented Indonesia’s education, legal, government planning, and healthcare systems sector.
They were chosen to join the ImpactAim Indonesia program in September 2019, where they were assisted in scaling-up their companies and impact measurement. In addition, over the past 10 weeks, ImpactAim Indonesia has held workshops and mentoring sessions covering lean data management and growth strategies
The UNDP Innovative Financing Lab exists to overcome institutional and market challenges, develop a pipeline of venture-addressing impact ventures, and provide them global access to impact funds.
Tookitaki appoints ex-Director of LinkedIn as VP of Research & Engineering [Connected to India]
Singapore-based financial regulator startup Tookitaki has welcomed Subhas Samanta, who is the ex-Director of LinkedIn, as its new Vice-President of Research & Engineering.
Upon joining the company, Samanta will focus on Tookitaki’s management as the company looks to change the face of regulatory compliance as well as ensure sustainable compliance programs for financial institutions across the globe.
Tookitaki was founded by Abhishek Chatterjee and Jeeta Bandopadhyay in November 2014 with offices in Singapore, India, and the US. It provides enterprise software solutions allowing firms to follow compliance programmes in the financial services industry.
The company recently raised US$19.2 million in a Series A funding round.
Korea to set up fintech support center in Singapore [Korea Times]
Korea’s Financial Services Commission announces that it will scale up the nation’s fintech industry by setting up a fintech support center in Singapore, as reported by Korea Times. Kwon Dae-young, who is the director-general of the innovation bureau of the firm, announced the plan at the Government Complex in Seoul today.
The centre would have a role as a help desk in Singapore early next year to support Korean fintech startups’ expansion into Southeast Asia, tentatively named Korea Startup Desk. It will open at the Korea Development Bank’s branch in the city-state.
The desk will help Korean fintech startups understand industry trends and build networks with local financial firms, investors, accelerators and other startups.
On December 16, the Korea-ASEAN Fintech Conference will take place in Seoul to discuss the outcome of fintech cooperation in the ASEAN region and ways to bolster this. The annual Korea Fintech Week event is due next on May 28, 2020.
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