Posted on

Online corporate service platform Sleek secures US$5M seed round, focussing on Hong Kong market

Singapore-based online corporate services provider Sleek just announced that it has snagged US$5 million in an extended seed round, expecting to use the funds to accelerate its development in Hong Kong.

It also plans to use the new funds to expand its tech team, develop new features, and increase its operational capability.

Sleek’s funding round was led by Asia-focussed private investment firm MI8, Trafigura non-executive director Pierre Lorinet, who will be taking a seat at Sleek’s board of directors as part of the deal, and angel investor Fabio Blom. Other investors joining on the round include current and former executives at Vistra, Wavecell, TransferTo, LinkedIn, and Stem Financial, as reported by Tech In Asia.

Sleek was formed in 2017 to serve companies in both Singapore and Hong Kong and provide an online platform that helps them with governance, accounting, and tax matters. Founded by Julien Labruyere and Adrien Barthel, the company was in fruition after both experienced the frustrations of dealing with the traditional paper-based company registration process.

Also Read: Three startup resolutions I made that did not work out the way I expected

Sleek offers services such as company name changes, updates on registered business addresses, and declaration and distribution of dividends. It provides more premium packages for additional services that include setting up a central business district address in Singapore for companies starting from overseas.

“As a historical Asian financial hub with six times more operating companies than in Singapore and an amazing business ecosystem, Hong Kon is the market that looks for new user experience,” said Barthel, Sleek’s co-founder and chief growth officer.

The startup said that it serves local startups and multinational corporation subsidiaries, as well as private equity, venture capital funds, and family offices.

Photo by Rikki Chan on Unsplash

The post Online corporate service platform Sleek secures US$5M seed round, focussing on Hong Kong market appeared first on e27.

Posted on

Today’s top tech news: Bangladesh’s Pathao is said to merge with SureCash

Bangladesh’s Pathao is said to merge with SureCash – Dealstreet Asia

Bangladeshi ride-hailing startup Pathao is reported to be in talks to merge with local digital payments provider SureCash, Dealstreet Asia wrote, quoting various local media reports.

The merger is expected to place the two companies in a better position to attract funding and provide a wider range of services to its customers, according to the report. It is also said that they will continue to operate independently post-merger.

Pathao declined to comment on this story.

Deliveroo to double its walker fleet in 2020 – Press Release

Food delivery startup Deliveroo announced its plan to double its walker fleet in 2020.

The programme was officially launched to the firm’s riders last month, following a pilot with 50 selected riders in July. It enables new and existing riders in Singapore’s Central Business District (CBD) can opt to fulfil orders on foot, reducing time spent on the roads and looking for parking spaces in high traffic areas.

Since its launch, Deliveroo said that its walker fleet has grown to over 100

Also Read: Deliveroo Singapore appoints new country manager, will push for expansion and development

Indonesian edutech startup said to raise US$100M – Dealstreet Asia

Indonesian edutech startup Ruangguru is reported to have raised US$100 million in funding, according to a Dealstreet Asia report.

The funding round is said to be led by General Atlantic.

The news came after Ruangguru co-founder and managing director was named special staff for President Joko Widodo.

E-wallet OVO launches SMEs-targeted financing service DanaTara – e27

Indonesian digital payments platform OVO announced that it has launched financing services to address SMEs’ needs, called DanaTara.

The new offer aims to widen business access for SMEs as well as supporting them in improving business potentials.

OVO President Director Karaniya Dharmasaputra said that OVO DanaTara offers to be a solution for business expansion, balance stream management, and to be additional equity for Indonesian SMEs.

Image Credit: rupixen.com on Unsplash

The post Today’s top tech news: Bangladesh’s Pathao is said to merge with SureCash appeared first on e27.

Posted on

Why you shouldn’t resist collaboration and remote work

“The secret of change is to focus all of your energy, not on fighting the old, but on building the new.” – Socrates

We’ve crossed the 7.5b mark in terms of the global population if you haven’t heard yet. With 5b unique mobile users and 3.5b active social media users, it’s clear as daylight we can’t live without our phones. But that’s relatively obvious. Just look around you.

Something less obvious though is the total labour force within the global population. For that, we’d have to look at some interesting data from the International Labor Organization. According to the ILO, about 3.5b people have jobs.

For the curious mind, the statistical concept and methodology are outlined on their website. But if you scratch further under the surface, you’d quickly notice an interesting composition of the workforce.

By 2020 the global workforce would comprise only 6 per cent of baby boomers. The remaining  70 per cent of the workforce will be made up of Gen-X and Millennials (or Gen-Y). Meanwhile, Gen-Z rounds up the balance of 24 per cent. 

Workforce by Generation projected in 2020

For clarity, generation names and age spans are defined somewhat differently depending on country and/or region. Roughly speaking, the subsequent generation names and age spans are considered “global” generations¹

  • Baby Boomers: 1946–1964
  • Generation X: 1965–1980
  • Millennials: 1981-1996
  • Post-Millennials/Generation Z: After 1997

A new generation enters the workforce

In the past, most businesses have focused on understanding the needs of Millenials while searching for talent. Many businesses identify Millennials as an immediate or near-term labour pool.

Older millennials, a 1981-1988 born subgroup, express certain characteristics in their approach to work. They have drastically higher expectations for their lives and prospects, and some may say these borders unrealistic demands. It is probably the result of being raised by baby boomer parents, who protected older millennials from many of the dangers of the world and gave them a strong sense of individualism.

Nonetheless, its this very sense of individualism that has paved the way for change in the workplace. They have challenged norms, questioned authority, pushed for transparency and reignited remote work and work-life balance among other things.

Many older millennials are now inching into middle and senior management and are between the ages of 31-39. This is well known by the majority of companies, although they may struggle to make them feel completely accepted.

On the flip side, harsh economic realities have been part of the lives of younger millennials and Gen Z as they’ve matured. They have experienced the global recession and its lasting impact and are living in a time of great social change. These are the first generations for whom digital technology is intrinsic to their way of life, and their parents have been less able to shield them from news stories that are alarming and disturbing.

As a result, Gen Z and younger millennials differ radically from older millennials, with new perceptions, beliefs, and aspirations of life and unique demands for jobs. Younger millennials and Gen Z have an ambitious and “do-it-myself” mindset. They have grown up looking for answers on the internet, YouTube and their global peers. They’ve watched people from their generation build successful businesses on their own.

Generational Gap

The 2015 AfterCollege Career Insight Survey reviewed how undergraduate, graduate students and recent college grads viewed potential jobs, and it found that 68 per cent wanted jobs where they could work remotely.

Yet many top company executives come from a different generation: Gen-X members or baby boomers, and are used to a more conventional workplace. 

Millennials and Gen-Z are what’s to come. There’s no denying this. Both these generations fully comprehend what they need. And their natural instincts will see them lean them towards employers who recognize their needs. 

One such need as recently referenced is remote work. The view on remote work is generally divided. A view divided between the old guard and the new breed of the workforce. 

The idea of ending remote work appears to be motivated by the notion of going back to the way things – in hopes of restoring past glory. At least this is what may have inspired Michelle Peluso and Marissa Mayer when they made headlines for calling remote workers back to the office. 

Some remote workers, in this case, were given impossible choices to relocate across the country or face termination. The issue with this “my way or the highway” policy though is that it completely ignores how remote work ties into employee satisfaction over the last decade. 

The younger generation is well aware and confident they can be anywhere, virtually. If employees are producing valuable output, it doesn’t make a difference where they are physically. It, however, remains crucial to treat your employees as adults and respecting their personal lives, because in the end that pays-off. 

Collaboration makes distributed work the norm, not the exception

As a Gen-X’er, I vividly recall my manager calling me in for an explanation even if I was 5 minutes late to my desk. In those days, it was nearly impossible to work outside. And the idea of collaboration back then was sitting in long counterproductive meetings.

True collaboration is the new normal today. You could say the genie is out the bottle and it’s here to stay. There’s no putting it back. While the older guard may take a defensive stance or even reject the idea of remote work outright, it’s impossible to ignore how far technology has come.

Collaboration and team-work both within or beyond the walls of traditional office space is now a reality thanks to inexpensive cloud solutions, higher processing power and cost-effective devices for people to work anywhere, anytime. Thanks to Moore’s law, a single Apple iPhone 5 has 2.7 times processing power over the 1985 Cray-2 supercomputer. 

The influx of productivity tools available in the marketplace allows businesses and individuals to choose what works best for them. You could find tools which helps you organize emails, store & share files seamlessly, video conference with colleagues, manage task and set goals, and the list goes on.

“Technology now allows people to connect anytime, anywhere, to anyone in the world, from almost any device. This is dramatically changing the way people work, facilitating 24/7 collaboration with colleagues who are dispersed across time zones, countries, and continents.”

— Michael Dell, Chairman, and CEO of Dell

With so many of these tools available, it’s understandable finding one that best fits you or your team is anything, but easy. Whilst every team operates like a living organism with specific functions, workflows & processes, it’s imperative to acknowledge no single tool will address every requirement towards the holy grail of collaboration.

What works for one team or group of people within an organization doesn’t necessarily mean it’s going to work for others. The sales team may need a tool that helps track leads, conversion, and appointments. The folks over in projects are driven by milestones and deliverables towards project completion and signing-off.

Whatever these needs are, it’s significant to have critical stakeholders talking and communicating with each other in real-time. Ever so often, these communication takes place on social messaging apps, outside of the office. Tracking what’s said or done on these apps becomes a massive challenge in itself.

Luckily, there are a variety of alternatives. No matter if you’re starting out research to implement team collaboration, or a pro Slacker finding the 10,000 message limit a little crippling, here’s a list of 30 team collaboration tools for you to consider. 

For any business – regardless of a startup or global player – collaboration is the way for long term growth and sustainability. Interactions built & nurtured with others, particularly among colleagues with a common & shared vision will enable your business to function as large global corporations do. Thanks to technology and innovation, developing and harnessing these interactions within your team doesn’t have to wait. Subsequently, it also doesn’t require a gargantuan budget needing layers of approval.

If you hit a snag, simply bear in mind, old ways won’t open new doors.

Editor’s note: e27 publishes relevant guest contributions from the community. Share your honest opinions and expert knowledge by submitting your content here.

Join our e27 Telegram group here, or like e27 Facebook page here.

Image Credit:  Jerry Zhang

The post Why you shouldn’t resist collaboration and remote work appeared first on e27.

Posted on

A multi-disciplinary approach to product development requires collaboration


Accelerating development in decentralized platforms will require a paradigm shift, which requires developers to collaborate and learn through a multidisciplinary approach. There needs to be a more collaborative approach in order to produce real-world solutions that can make a big impact, and the developer community expects to have better capabilities and tools on hand.

In terms of skill, blockchain programming has mostly been learned through experience and community participation, there is no doubt that certain industries need more robust standards when it comes to how products are built. Industries like finance and security will require a more well-rounded and collaborative approach when building blockchain platforms and solutions, for instance.

Learning institutions are already addressing this trend. According to the second annual Coinbase Report on Higher Education done in partnership with Qriously, the percentage of top global universities offering courses and programs in blockchain has increased from 42 per cent in 2018 to 56 per cent this year, with Cornell University topping the Coinbase 2019 Leaders in Crypto Education list.

The report also cites a growing number of students who have expressed interest in learning blockchain. This means there is a growing demand for educational institutions to actively include blockchain in their curricula and course offerings – not just colleges and universities, but even primary education, as well.

“Many universities have started introducing courses in blockchain in recent years. Most of them are focusing in exploring the possible use cases,” says Richard Tiu, Strategic Alliance and Partnership Director of NEM Philippines, which has been working with 24 universities in the Philippines in offering blockchain courses.

“Reckoning that having a supply of developers with blockchain knowledge is fundamental for blockchain to flourish, universities start to offer courses for developers. There is more and more training conducted by the developer communities too.”

A multidisciplinary approach in building solutions

At first glance, blockchain development might seem to be more focused on the technical aspect of product development. However, according to those involved in blockchain education at universities, the interest has been diverse. After all, this technology has a multidisciplinary nature: It cuts across computer science, finance, legal, economics, social sciences, medicine, and so forth. 

The Coinbase study notes that after computer science, business and law are the biggest areas of interest when it comes to blockchain education.

This is not surprising, due to the relevance of regulatory frameworks in blockchain and cryptocurrency platforms today. Speaking on the topic, Anatoly Ressin, Co-Founder and Chief Blockchain Architect at PARSIQ, says that blockchain companies are pushing for enhanced regulation in order to arrive at better standards and utilization.

“Our ultimate goal is to push for the mass adoption of blockchain technology in general. Currently, most [crypto and blockchain companies] are not compliant with the current regulations.” 

NEM’s Tiu says that in order for educational institutions to participate in accelerating the development of decentralized platforms and applications, they need the ability to quickly adapt and change with the growing needs of the industry. But beyond this, there is also the feedback mechanism — building more capability in blockchain will also contribute to a more active blockchain community. 

Jean-Charles Cabelguen, PhD, Chief of Innovation and Adoption at iExec, says that developers need to build products with convergence in mind:

“They need to understand blockchain tech but also other technologies working in interaction with decentralized platforms. IoT, AI, Trusted Execution Environment is a great additional tech, providing highly valuable services when combined with blockchain. It may be a strong stretch from web applications. But we will see more and more full-stack developers with understanding in another tech, as well as specialized developers.”

iExec is addressing the machine-to-machine economy and the edge computing economy in showcasing a proof-of-concept illustrating how connected devices can collaborate and share services. Here’s where the multidisciplinary nature of development will play a big part.

Collaboration and interoperability as an integral part of blockchain development

“Indeed for a lot of actual tech infrastructures, blockchain is not needed. But it is easier to see its strong necessity when forecasting the rise of smart industries where interoperability layers will be needed to aggregate digital infrastructures,” says Dr Cabelguen, who is Chair of the Board at the Ethereum Enterprise Alliance, a member-driven standards organization, whose charter is to develop open blockchain specs that drive interoperability.

He adds that accelerating development in decentralized platforms and applications will need two criteria: development of tools and federating around game-changing services. “I think it is key to find the equilibrium between providing tools for concrete needs of today and as well as building tools for coming challenges.

The first part is key in order to bring onboard people and companies focusing on short term financial profits. The second part is key in order to federate around a strong vision delivering game-changer services. Innovation is often a mix of changes in technology, adoption and/or business models.”

Ressin, whose platform provides tools for blockchain intelligence and analytics, agrees that development tools are important criteria in accelerating development in decentralized platforms. The fast-paced nature of blockchain development today necessitates collaboration among developers, in order to build on each other’s strengths and experience. 

“Supporting new blockchains (e.g., simply listening for activity, monitoring them in real-time, scrapping data, automating on-chain processes) requires time and effort, since it is not only about the support, but also the reliability, maintainability and ability to work with big data – each of those will require the proper distribution of resources to save time and money in the future,” Ressin says.

He adds that leveraging third-party tools and services can enable faster deployment vis-a-vis building these from scratch.

“Third-party tools and services exist to eliminate the learning curve for developers [as they can] delegate responsibility and abstract from underlying complexities, being able to concentrate over the features the business requires without any worries that something will get broken the purpose for collaboration, according to Ressin, is “to build fast, integrate faster and measure the results on customers even faster.”

Beni Hakak, Co-Founder and CEO of LiquidApps, likens current blockchain development to the early days of the internet: “Only when developers could begin to move resources away from infrastructure and towards building experiences did the internet revolution really take off. Similarly, for blockchain developers to create products with real end-user value, they must focus their resources on optimizing user experiences, not on building and maintaining the service infrastructure to support their dApp.”

He adds that developers need to collaborate in order to avoid reinventing the wheel, citing the work that his company does in supporting development of decentralized apps (DAPPs). “Trustless DAPP Network services offer developers web oracles, seamless user onboarding, databases, computation, inter-blockchain communication, memory, and more. These services are not restricted to a single base-layer blockchain, either, thanks to LiquidX – which allows developers to use the DAPP Network on their blockchain of choice. They can even potentially use multiple chains or seamlessly migrate later, should the need arise.”

Preparing for the future

Dr. Cabelguen concludes that mindset is what’s important when building on these disruptive trends: “When learning new tech trends, it is key to have a strong commitment and to gather sources from different industries and media. The first step is to not tag too strongly our technical identity. For example, being a hardcore Java developer is great. But other languages are also making sense. It’s the same with new tech in general. The idea is to be committed but to do so with an open mind in order to welcome disruptive approaches.”

Editor’s note: e27 publishes relevant guest contributions from the community. Share your honest opinions and expert knowledge by submitting your content here.

Join our e27 Telegram group here, or like e27 Facebook page here.

Image credit: Unsplash

The post A multi-disciplinary approach to product development requires collaboration appeared first on e27.

Posted on

Report: gojek to purchase stakes at Indonesian taxi operator Blue Bird

go_jek_ceo_cofounder

Former gojek CEO Nadiem Makarim at the Blue Bird and gojek partnership announcement event in 2017

Indonesian ride-hailing giant gojek is nearing an agreement to buy five per cent of local taxi operator Blue Bird, Bloomberg reported.

Citing people familiar with the matter, gojek is set to pay US$30 million.

“That implies a price of more than 20 per cent above what Blue Bird closed at in Jakarta on Monday and would value the company at about US$600 million,” the report stated.

While gojek spokesperson said they will not comment on market speculation, a Blue Bird representative did not respond to queries for comments immediately.

Also Read: Indonesian consumers can now book a Blue Bird taxi via Go-Jek application

The partnership between gojek and Blue Bird came with a long history of competition and reconciliation.

When gojek first took its claim to fame in the Indonesian market, it was met with protests by taxi drivers who believe that the service threatened their livelihood.

But in March 2017, the two companies announced a partnership that would see Blue Bird service being available on the gojek platform.

More on this story as it develops.

The post Report: gojek to purchase stakes at Indonesian taxi operator Blue Bird appeared first on e27.