Mobile-based marketplace Carousell launches property platform in Hong Kong

Singapore-based mobile marketplace Carousell announced that it has launched a property listing platform Carousell Property in Hong Kong, partnering one of the city’s biggest realtors Midland Realty. According to a report by Forbes, it aims to provide listings of local and overseas residential and industrial properties for sale and rent through its Carousell mobile application.

Carousell Property offers services such as Home Services that include home repairs, moving, renovation; Home & Furniture that include furniture and gardening, and Kitchen and Appliances; as well as a chatroom to connect to merchants directly.

Carousell also partners with moving company Going Moving and coworking company Metro Workshop for its property platform.

Fund management firm Helicap Investment appoints Aura Group to sub-manage fund

Helicap Investments, a fund management company in Singapore, has appointed fellow fund management company Aura Group as a sub-manager to a fund that it manages. Aura itself is a Registered Fund Management Company in Singapore.

HIPL utilises the proprietary credit analysis technology of its parent company, Helicap Pte Ltd (Helicap), to assess and have an understanding of the alternative lending sector. The alternative lending sector provides a low correlation to other traditional asset classes to investors and promotes access to sustainable debt financing for underbanked and unbanked borrowers in the region.

Also Read: Singapore-based lending platform Helicap raises US$5M to go to Indonesia

With the partnership, Aura will draw on its expertise in the credit sector in both Singapore and Australia.

India-based fintech startup HomeCapital receives seed funding from Varanium NexGen, others

Mumbai-operated fintech startup HomeCapital has secured seed funding from Varanium NexGen Fund.

Venture Catalysts, JITO Incubation and Innovation Foundation, Singapore Angel Network, Venture Gurukool, and Shalin Shah also participated in the funding round.

According to a report by Money Control, the company said it plans to expand its operations and scale up the technology infrastructure with the new funding.

HomeCapital focusses on helping millennial homebuyers in getting a half of the initial cost of their down payment at zero interest. The loan then can be repaid over the next one to two years.

Ziliqa launches social media initiatives to support Red Cross’s COVID-19 relief efforts

Singapore crypto startup Zilliqa has launched a social media initiative as a way of giving back to the local community and to support Singapore Red Cross’s COVID-19 relief efforts islandwide.

Using Twitter, Zilliqa will be rewarding users who tweet about its #ZILCovidHeroes campaign with 25 $ZIL, the platform’s native cryptocurrency. For every 25 $ZIL sent to a user, Zilliqa will match this amount with a donation to the Singapore Red Cross.

Users will also be able to donate directly to Singapore Red Cross in Singapore dollars, with local residents and corporates eligible for a 2.5 per cent tax deduction. The campaign will be running from Tuesday, May 26 to Thursday, May 28 at 8PM SGT.

Also Read: Fintech platform Xfers pilots Ziliqa-powered stablecoin StraitsX, to build a transparent ecosystem

As part of the campaign, Zilliqa is also working with NextID, a Singapore-based, worldwide blockchain-powered certificate issuance service that allows users to send a personalised Certificate of Appreciation to their own COVID hero. This certificate will be permanently stored and secured on blockchain and leverages the Singapore Government’s OpenCerts format for Verifiable Credentials.

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Image Credit: Carousell

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