Posted on

Cialfo nets US$15M Series A+ to allow students to apply directly to thousands of colleges globally

Cialfo co-founder Rohan Pasari

Cialfo, a Singapore-based startup in the international student mobility space, has raised US$15 million in an extension of its Series A round co-led by new investors SIG and Vulcan Capital

Backers also include January Capital, Bisk Ventures, Patrick Walujo and Teik Ngan Loy.

Cialfo will use the new capital for product innovation as well as expansion to India, China and Southeast Asia. It also plans on working with leading universities to help them provide open online courses and other blended learning solutions.

Launched in 2017, Cialfo’s goal is to make learning opportunities accessible to students by leveraging on data and technology to simplify college and career counselling workflows.

It does this through its AI-powered search application management tool, which allows students to apply directly to thousands of colleges across the globe.

On the other end, higher education institutions can leverage on Cialfo’s solutions to attract and recruit students through virtual college fairs, direct engagement opportunities and data analytics that give them a better understanding of the student.

Also Read: AppWorks joins Indonesian edutech startup InfraDigital’s Series A round

In 2020, the startup claims to have secured 650 partnerships with top institutions such as Cambridge, Oxford, Brown, University of Pennsylvania, University of Chicago as well as local universities like Singapore Management University and Yale-NUS.

Additionally, Cialfo is also working with more than 1,200 K-12 schools across 90 countries and claims to have grown its revenue by over 200 per cent year-on-year.

“Within a short span of time, Cialfo has made big waves in the global edutech industry,” said Tommy Teo, Managing Director of Southeast Asia, Vulcan Capital.

The company also announced that it is in talks to acquire similar firms that operate in the K-12 space, with the aim of establishing an even stronger position and greater market share in the region.

Besides Singapore, the startup also has offices in New Delhi, Shanghai and Washington DC.

Image Credit: Cialfo

The post Cialfo nets US$15M Series A+ to allow students to apply directly to thousands of colleges globally appeared first on e27.

Posted on

Meet the 12 startups from Antler’s latest Singapore cohort

Antler

Antler, a global early-stage VC firm, announced today it has invested in 12 new companies from its fifth Singapore cohort.

The new entrants operate in SaaS, fintech, healthtech, Artificial Intelligence, insurtech, art-tech, and more.

The list included Singapore-based Breathonix from Antler’s COVID-19 Initiative. Launched earlier in April 2020, the initiative aims to invest in startups that are working on ideas that respond to the impact of COVID-19.

The demo day was streamed virtually to a global audience of investors, VCs and entrepreneurs.

According to Antler, 70 individuals were selected out of the 3,100 applications it received for its latest batch. The firm disclosed that the founders came with an average of 11 years of working experience, with 83 per cent having worked in a startup before.

Also Read: Meet the 15 new startups that have received funding from Antler

“The latest additions to our portfolio have built their startups to meet the needs of consumers in an increasingly digital-first world — where remote work, fintech and automated business processes have become integral to everything we do,” said Jussi Salovaara, Co-founder and Managing Partner Asia at Antler.

Launched in 2018 in Singapore, Antler has since grown to be a global early-stage VC, running programmes across a range of cities including Stockholm, Nairobi and Sydney, and investing in over 250 early-stage companies.

Notable companies from previous Antler Singapore cohorts include proptech startup Cove, HRtech platform Sampingan and fintech platforms Sama and Xanpool. The VC firm noted its companies have raised more than US$34 million in follow-on funding since graduating from its programme.

A brief overview of the 12 ventures

ArtWallSt: An art-tech company that matches artworks to bistros, retail, and work-spaces where emerging artists can reach prospective art lovers.

Bver: A platform that utilises AI to analyse voice and transcribed text from sales calls to help improve the performance of sales teams.

Bluesheets: A bookkeeping automation platform that automates manual data entry and brings financial transparency to organisations.

Brick: A fintech startup providing financial data API for tech companies in Southeast Asia to enable in-app financial services.

DayOne: A HR SaaS platform that trains frontline workers via micro-learning and micro-tasking to boost their performance.

Fighealth: A healthcare company empowering women to proactively understand and manage their reproductive health.

Forma: A no-code platform to build customised workflows for business processes.

Surer: An insurtech platform to help intermediaries work with clients and insurers with greater speed and efficiency through automation.

Locad: A cloud-based plug-and-play solution for e-commerce fulfilment, providing flexible and on-demand warehousing from a global network of logistics partners.

PocketPet: A mobile app that connects pet owners to vets and other service providers.

EatMatch: A social app that helps young adults and millennials find new connections and activities to do together.

Breathonix: A platform that uses breath tests for diseases detection by analysing small molecules in exhaled breath.

Image Credit: Antler

 

The post Meet the 12 startups from Antler’s latest Singapore cohort appeared first on e27.

Posted on

How collaborations between these Facebook communities yield better impact

Communities, just like the people they are made up with, are multifaceted. Despite having central goals and objectives that it seeks to pursue, a community is strongest when it is aided by meaningful partnerships outside its defined scope and purpose.

Through collaborations, communities are able to better address problems that intersect within the different demographics each community caters to. Moreover, they are able to help provide solutions not only for their specific audiences, but for adjacent communities that share similar challenges. As such, at the Facebook Community Accelerator, collaborations between different participating communities are encouraged and supported.

Community-building itself is a challenge. Thus, for many participating communities, becoming a part of an accelerator programme under the guidance of Facebook is beneficial to their cause. Furthermore, collaborations between communities help them widen their audiences and access more to people, and through partnerships, these communities are able to share their strengths and best practices with one another.

Challenges in community-building

While discussing their community-building efforts, Filipina Homebased Moms (FHMoms), a community that helps mothers obtain financial security and personal growth by helping women find home-based livelihood opportunities, explained that “during the start of the Facebook Accelerator programme, the Philippines was in the path of 4 typhoons, which affected the access to electricity and internet connectivity of everyone in the country. This slowed our progress for a month and a half.”

Despite this, the team behind FHMoms persevered. With the help of Facebook’s growth-related training, hands-on mentorship, and funding support, FHMoms aims to reach more Filipino stay-at-home mothers who need help or access to a source of livelihood and internet connectivity.

There are a variety of challenges that hinder communities from being able to flourish. Indonesian Babywearers (IBW) says that because of the nature of the community they are building, which is to provide consultations and education on baby-wearing — even at low cost — they still face the challenge of growing their community as people were “deterred by the price, which in turn has had an impact on our goal to improve the mental health of our community, especially mothers,” they explained.

Yohana Habsari, the chief proponent of the project, elaborated “we have had to find a balance in setting a price that is between the price of a professional consultation and what is acceptable by the community to enable mass education.”

Also read: Why a robust digital insurance distribution system is the future in APAC

Just like FHMoms and IBW, many other participating communities turned to the programme to help address challenges in their community-building efforts. Thailand-based community Local Alike which focuses on empowering and connecting Thai tourism to the world and Philippine-based #MentalHealthPH whose goal is to promote and protect mental health awareness, both cited the pandemic as a key hurdle in their initiatives. Meanwhile, fellow mental health advocate, Ooca, explained that finding the right team members has been their biggest challenge.

Mental health was a big topic at this year’s community accelerator. Joining #MentalHealthPH and Ooca is MotherHope Indonesia (MHI) seeks to create a safe place for moms and promotes perinatal mental health literacy to support mothers and families affected by perinatal mood and anxiety disorders. MHI cited stigma surrounding mental health, funding, unintegrated perinatal healthcare, and untrained health workers and volunteers as some of their key obstacles.

Addressing these different challenges can be tricky and requires careful guidance from various community experts. BEAGIVER, a community that focuses on helping people create social impact, argues that it is important to keep members engaged. With the help of Facebook’s community management resources, BEAGIVER is hoping to design a chapter’s journey and membership journey, among other strategies, designs, and process, that they are coming up with to ensure meaningful experiences.

Advancement for Rural Kids (ARK), on the other hand, said that in order to address their challenges, they leveraged Facebook’s unparalleled reach into the rural areas of the Philippines. “We used the ad credits and utilised the persona analysis and other marketing skills we learned in the community accelerator to ensure we understand our target and potential partners,” they said.

These are only some of the challenges faced by the participating communities. Thankfully for them, however, apart from the programme’s arsenal of support, they can readily rely on partnerships and collaborations with one another for stronger community efforts.

Partnerships and collaborations

In building communities that can grow together, one must examine where pain points intersect so that efforts to address them can become collaborative in nature. In the case of FHMoms and #MentalHealthPH, Maria Korina of FHMoms said, “many of our moms are suffering from postpartum depression and other mental health issues but they don’t know where to go or who to ask for help. We decided to partner with #MentalHealthPH to explore ways to help our moms achieve better mental health.”

#MentalHealthPH and FHMoms offer similar forms of support to a common demographic through their various programmes such as consultation and access to mental health resources, among others. On the flip side, #MentalHealthPH acknowledges the crucial role of mothers to promote and protect mental health not only for themselves but also for their households. This easily aligns with FHMoms’ goals of empowering stay-at-home moms.

Local Alike on the other hand has partnered with YOUNGHAPPY, a community that helps seniors maintain an active lifestyle that promotes their self-esteem, keeps them engaged with their peers, and supports their wellbeing. Because this community is mostly made up of people who love to share their daily routines and special events with families and friends on social media, they are the perfect community to collaborate with for Local Alike’s goal of promoting community-based tourism.

Meanwhile, IBW sought partnerships with two participating communities. The first partnership with Ooca mutually benefits the two communities because of their intersecting interests. Members of IBW that need to seek mental health services are unable to do so due to the pandemic. Thankfully, Ooca’s services — which are mainly offered online — have become relevant and useful for their community.

Also read: Why Taiwan Matters: local and international initiatives in Taiwan startup ecosystem

Moreover, while Ooca is a platform for online consultation, IBW has can provide specialists to perform the consultation. With their collaboration, IBW can reach more users both locally and internationally on the Ooca platform, while Ooca is able to enter the Indonesian market.

Their second collaboration supports a similar community while addressing similar pain points. MHI believes that social support requires an environment in which women can learn that they are not alone, they are not to be blamed, and that recovery is possible. This collaboration is fitting since IBW operates as a strong “virtual village” of women who can empower one another — which strengthens and supports MHI’s vision.

Lastly, ARK and BEAGIVER — both based in the Philippines — saw great potential in collaborating with each other. The team behind ARK explained that “BEAGIVER serves similar profile communities that we partner with. There is a potential that they have communities who want to solve hunger and food insecurity and want to be on a path to self-sufficiency.”

Meanwhile, BEAGIVER elaborated further that “both ARK and BEAGIVER are committed to uplift the economic condition of families in the community, and the community as a whole. While our entry point approaches are unique and different, the end goal is the same — no family should go hungry and communities must have economic opportunities or alternatives to better their lives.”

Moving forward to a more collaborative future

As these partnerships continue to evolve — forged by a burning passion to pursue common goals under the expert guidance of community-building juggernauts like Facebook, these communities are well on their way to creating meaningful impact. Having already mapped out future plans of launching online and offline events, establishing larger partnerships, raising public awareness, and amplifying causes, there is much to be expected from these budding community leaders.

Also read: Are cyber attacks more life-threatening than we think?

“The problems that we are solving are big and structural. It cannot be solved by any one organisation or any one solution. It can only be solved as a large partnership or coalition of similarly intentioned individuals, organisations (public and private, for-profit, and social profit), communities that bring diverse thought, talent, and experience,” said Ayesha of ARK.

Through the Facebook Community Accelerator, these communities do not only benefit from a slew of technical support, mentorship from a team of experts, and funding; more importantly, they get to form important networks and partnerships with other communities that can collectively impact the world in much bigger ways.

– –
This article is produced by the e27 team, sponsored by 
Facebook Community Accelerator

We can share your story at e27, too. Engage the Southeast Asian tech ecosystem by bringing your story to the world. Visit us at e27.co/advertise to get started.

The post How collaborations between these Facebook communities yield better impact appeared first on e27.

Posted on

User acquisition strategies to grow your app from Adjust and ironSource

Today, there are 2.2 million apps on iOS and 2.8 million on Google Play. As the app stores become oversaturated, this presents a significant challenge for app marketers: relying purely on organic installs and app store or search engine optimisation, is simply no longer enough to compete. In 2021 the key to growth, scale, and profit is building a solid user acquisition strategy to acquire users who go on to generate more revenue than they were brought in for.

With a specific focus on non-gaming apps such as travel, music, shopping, and news, mobile marketing leaders Adjust and app monetisation experts ironSource have teamed up to create a report that highlights app industry user acquisition trends and strategies for staying ahead of the curve. The “Growth Strategies for Mobile App User Acquisition” ebook gives you the tips and tools required to grow your app through user acquisition.

Exploring everything from the media sources that non-gaming apps currently rely on to best practices for designing creatives that convert, the latest ebook from Adjust and ironSource is a complete guide to help you navigate every step — whether you’re just starting out and building your strategy from the ground up, or looking to optimise and improve your current strategy.

Powered by data from Adjust and ironSource, the report also includes useful case studies and benchmarks for KPIs such as CTR (Click Through Rate) and CVR (Conversion Rate), so you can see how your performance currently fares against the rest.

As the pandemic accelerates us towards a more app-focused world, 2021 will likely see businesses everywhere investing in their apps and using them as a primary channel to interact with their users. Make sure you’re one step ahead when it comes to growing your business and proactively reaching out to valuable potential users — download the Growth Strategies for Mobile App User Acquisition ebook to learn more.

– –

This article is produced by the e27 team, sponsored by 
Adjust

We can share your story at e27, too. Engage the Southeast Asian tech ecosystem by bringing your story to the world. Visit us at e27.co/advertise to get started.

The post User acquisition strategies to grow your app from Adjust and ironSource appeared first on e27.

Posted on

From our community: MHV’s Peng T Ong on the future of apps, metrics for SaaS co and more…

Contributor posts

You know its a great week when one of your contributors returns after nine months and three new contributors join the bandwagon.

Well, this week they are discussing the future of AI, cultural transformation and policy making in the digital world.

Happy reading! And if you have counter perspectives to share, earn a byline by submitting a post.

The world of AI

The social dilemma: How Feed Flow AI is shaping the future of app engagement by Peng T. Ong, Managing Partner at Monk’s Hill Ventures

“The Netflix documentary The Social Dilemma highlighted the fact that a number of Silicon Valley tech companies are using Feed Flow AIs to monetise attention with many users being unaware.

For some companies, it is for the sake of corporate interests. Take a look at the social media platforms from the US, which tend to optimise for engagement to drive ad revenues. Meanwhile, platforms in China tend to drive direct revenues through methods like virtual gifting.

Indeed, the Feed Flow AI is a powerful lever for user engagement but this brings up the question of transparency. Are companies respecting users’ attention, privacy, and most of all, their free will?”

The dawn of creative AI: How this BLOCK71 startup is revolutionising the creative industry by Deon Tan, outreach executive at Block71 Singapore

“Despite the diversity, one thing remains the same: humans are the sole source of creative work – or so we arrogantly believe. What if I told you that AI can also play a part in the creative world?

Data scientists and researchers have grappled with the problem of natural language processing (NLP) for the longest time. With the continuous development of machine learning algorithms, AI has become smarter and sharper at understanding and reproducing human language. However, is AI smart enough to write original pieces that reflect a brand’s persona? Is there a limit to its linguistic creativity?

To learn more about the relationship between AI and creative copywriting, I had a chat with Joshua Wong, co-founder and CEO of Hypotenuse AI – an AI startup that employs machine learning to generate written content for e-commerce companies. Read on to find out how Wong plans to harness the power of AI to revolutionise the creative industry.”

Policy matters

ASEAN policies and developments that encourage blockchain investments by Kay Banzon, fintech and security enthusiast

“Investor interest is an important factor, but it is not going to be enough without counterpart actions from governments or regulatory bodies. In the absence of legislation or regulations that clarify the treatment of digital assets and blockchain-based transactions, tech startups that pursue blockchain applications in their business models cannot attract investors.

Investors will likely find it too risky to extend financial backing to companies that operate in markets where their businesses can face legal challenges.

ASEAN as a whole does not have specific policies related to blockchain and digital asset adoption. However, some member countries have introduced legislation or changes in their policies over the years in support of blockchain-based business models and innovations.”

How important is regulation for digital banks in India? by Elizabeth Barry, Finders global fintech editor

“Data from Finder shows that one in five Indians (roughly 184 million people) hold a digital bank account. A further 12 per cent of Indians plan to open a digital bank account in the next year, which will bring the total up to nearly 296 million people.

But while the growth in markets such as Asia, the UK, Europe and Australia have been bolstered by regulatory efforts of their respective governments, India’s digital bank market has largely grown without government help. It’s still not possible to get a digital bank licence in India, but there are 17 neobanks gathering funding and customers.

So, is the Indian market unique? Or will it need regulatory assistance to properly establish its digital bank market?”

All about growth

What metrics to monitor as a B2B SaaS company? by Minh Vu Hong, Investor @ Qualgro

“What are the key metrics you should be tracking to ensure right understanding of your business and sustained longevity of your company?

The following are definitions of the main B2B SaaS metrics you should be monitoring for your company in the context given above. Note that all these metrics can, and should, be tracked across various different levels: company level, product level, cohort level, customer group level, etc.

The purpose of this short article is to provide a common ground of notions and knowledge on SaaS metrics, based on the hundreds of SaaS companies we see and evaluate on a yearly basis at Qualgro.”

How can companies drive growth in a recession? by Mike Flache, entrepreneur and angel investor

“The fact is, real growth is simply impossible in some industries during a recession. Demand is almost at zero and global sales markets have collapsed. And what is made even more difficult during this pandemic and completely independent of the sales market: the procurement market and supply chains were/are completely interrupted in some cases.

In view of these extremes and looking back on my conversations, the question asked at the beginning of this article should first be answered by another question: How can companies drive growth in a recession? And only then to ask whether digital transformation can actually enable growth in times of crisis and beyond.”

Cultural transformation and digital transformation go hand-in-hand. Here’s how to get it right by Crystal Faith Neri, Marketing Manager, 10X Innovation Lab

“We live in a world where we are constantly meeting new people and exchanging ideas. With this comes the necessity of accepting others’ cultures and opinions.

It is important because to maximise the value we bring to a community, we must recognise our piece as a part of the bigger pie. Cultural transformation is an essential tool for all businesses to move forward in the working world.

Recently, 10X Innovation Lab had the pleasure of sitting down with Max Shkud, Head of Learning at Microsoft Silicon Valley. He walked us through understanding the basics of cultural transformation within a workplace, how to set yourself up for success in HR, as well as some thoughts about the coronavirus and opportunities for people working towards creating cultural change in the workplace.

In this article, we share with you his tips and tricks and that will get you to think critically about your role in your organisation.”

Editor’s note: e27 aims to foster thought leadership by publishing contributions from the community. Become a thought leader in the community and share your opinions or ideas and earn a byline by submitting a post.

Join our e27 Telegram group, FB community or like the e27 Facebook page

The post From our community: MHV’s Peng T Ong on the future of apps, metrics for SaaS co and more… appeared first on e27.