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Afternoon News Roundup: Singapore’s digital recruiting platform for migrants SAMA raises US$1.15M seed funding

SAMA, a digital recruiting platform for migrants, closes US$1.15M seed round

Sama, a Singapore-based startup that uses a digital recruiting platform to match migrant workers to jobs, announced today that it has closed a US$1.15 million seed funding from Collaborative Fund, 3tvcp, Antler and other unnamed angel investors.

Steve Melhuish, Co-founder of Property Guru, also joined the round.

The company plans to use the capital for growth in 2020.

SAMA recently became a fully-licensed agency, having obtained the Singapore Ministry of Manpower (MOM) license to work directly with companies to address hiring needs.

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Migrant workers are currently said to be paying S$10,000 in agent fees to secure a job in Singapore, Sama targets to drastically lower these rates and enable workers to save for the future.

Newman, a medtech startup for men in Indonesia, raises US$150K to boost marketing initiatives 

Indonesia-based men’s medtech startup Newman, which was part of Y Combinator in the US last year, has raised US$150,000 from the accelerator, according to DealStreetAsia.

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Prior to this, the startup had raised undisclosed pre-seed funding from Indonesian early-stage VC firm Everhaus.

The platform that aims to tackle uncomfortable topics in health through its online consultation aims to use the funds to grow its team and bolster its marketing initiatives.

Newman has also expressed plans of offering consultation into other verticals, like erectile dysfunction and smoking cessation.

First Digital Trust raises US$3M from Taiwanese venture studio Nogle

First Digital Trust (FDT), a technology-driven financial institution powering the digital asset industry, has secured US$3 million in funding from Taiwanese venture studio Nogle according to a press release statement.

Previous investments of Nogle include Telegram and TNG.

Also Read: Singapores Vouch Insurtech raises US$755K from GREE Ventures, Nogle Capital, angels

The newly added funds will support FDT in building its platform as they prepare their Asia launch in May.

“At Nogle, we are always looking for the next innovative technology that will disrupt the financial services industry. That is why we have invested in First Digital Trust. We see great potential in their technology for the digital asset industry, which will pave the way for the future of trust and custody services”, said Jonathan Leong, Founder of Nogle.

Image Credit :  Anthony Fomin

 

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