Prudence Foundation names Singapore’s EcoWorth Tech, Stimson Center as winners of its D-Tech Awards
The story: The Prudence Foundation has named EcoWorth Tech (Singapore) and Stimson Center (US) the winners of the D-Tech Awards. The companies will receive US$200,000 each in financial grant along with networking opportunities with humanitarian experts, VC fund managers, fellow tech entrepreneurs, and social enterprise developers.
About EcoWorth Tech: A cleantech company that specialises in transforming waste materials into reusable products that deliver both social and environmental benefits.
The company’s Carbon Fibre Aerogel (CFA) sponge, made of low-cost natural materials such as waste biomass, renewable cotton, or wastepaper, is capable of cleaning waters following an oil spill.
EcoWorth Tech’s reusable, environmentally-friendly CFA sponge can absorb oil of up to 190 times its own weight, mitigating the environmental impact of polluting industries.
India’s NIRAMAI raises funding for COVID screening solution
Investors: CDC-UK, a development finance institution.
What the funding will be used for: The development of FeverTest, a screening solution that can screen COVID-19 symptoms in public areas. FeverTest is also able to recognise and detect non-compliance to mask-wearing guidelines.
About NIRAMAI Health Analytix: A deeptech startup that aims to provide automated solutions for critical healthcare problems. Its flagship product is a radiation-free, non-invasive, non-touch, breast cancer screening solution for hospitals and diagnostic centers.
More about the story: FeverTest is currently being used by corporate sites of Morgan Stanley, Kotak Bank, and multiple corporate parks across India.
Also Read: Ecosystem Roundup: New blockchain gaming fund+ Halodoc and Ruangguru’s big fundraise
Gaming solutions startup Mobius raises funding
Investors: Naresh Naik (founder of IREP Credit Capital), Kishore Ganji (founder of Astir IT Solutions), Rajesh Manthena (Chairman at AOI Hyderabad).
What the funding will be used for: Product enhancement, hiring, and customer acquisition.
About Mobius: A Bangalore-India-based tech product company that develops gaming solutions in India. The startup claims to have over 500 thousand registered users on the platform and plans on surpassing 10 million users in the next two years
More about the story: In the first year of business, Mobius generated over US$3 million in transactions on its gaming platform 777Games.
Thunes, SCB partner to provide cross border transfer services
The story: Singaporean B2B cross-border payments company Thunes has partnered with Siam Commercial Bank (SCB) to allow consumers and businesses overseas to send funds to Thailand faster, cheaper, and with higher transaction limits.
More about the story: Along with consumer remittances, SCB will also be able to facilitate B2B transactions, such as mass payouts in Thailand on behalf of enterprises based in other parts of the world.
“Partnering with Thunes, we are putting into action our mission that aims to respond to the rapidly evolving financial services industry, which is being reshaped by digital technology, regulatory change, and new consumer behaviour,” said Sirote Vichayabhai, Vice President of SCB.
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The post In brief: SG’s EcoWorth wins Tech D-Tech Award; NIRAMAI raises funding for COVID-19 screening solution appeared first on e27.