Vietnam’s proptech co-investing platform Homebase raises funds from Antler
Vietnam-based proptech startup Homebase has closed an undisclosed pre-seed funding round from global VC firm and startup generator Antler, besides Iterative and several strategic angel investors.
The startup said in a statement that it will use the new funds to expand its infrastructure, make new hires, and push forward with its regional expansion plans.
Homebase was founded in 2019 by Phillip An, Hung Viet Doan, Hai Vu, and JunYuan Tan. The startup intends to tackle the millennial homeownership crisis across Southeast Asia caused by fast-increasing prices and a high appetite for home-ownership, yet a lack of financing options.
Homebase’s product offers a path to homeownership for millennials across the region by allowing them to buy a portion of a property and move in from the first day, with the option to buy out more equity over time. To make investment decisions, Homebase utilises a combination of big data, asset valuation models and financial engineering.
Homebase was recently named as one of the World’s Top 50 Most Promising PropTech Startups by Plug and Play, the renowned US-based venture firm.
Singapore’s Mighty Jaxx receives investment from KB Investment, Greycroft Partners’ GC VR Gaming Tracker Fund
Mighty Jaxx International (Mighty Jaxx), an urban culture company that designs and manufactures collectibles and lifestyle products in partnership with global brands, announced today that it has bagged US$3.2 million funding led by South Korean VC firm KB Investment Co. This takes the company’s pre-Series A round to a total of approximately US$4.7 million.
Also Read: Online designer toys and collectible platform Mighty Jaxx secures US$1.6M financing
Joining the funding round are Los Angeles-based VC Greycroft Partner, through the GC VR Gaming Tracker Fund, an investment fund that is dedicated to supporting companies across the virtual reality, augmented reality, video game and e-sport sectors. Existing investor SGInnovate also participated in the round.
Mighty Jaxx plans to channel the investment towards the further development of MightyVerse, its proprietary technology platform and to help it ramps up its production for the second half of 2020 as it on-boards entertainment companies, Hasbro and ViacomCBS’s Nickelodeon, on new global licensing deals.
Digital payment startup Azimo, Siam Commercial Bank collaborate to settle remittances service
Azimo, an online funds transfer service provider, has joined hands with Thailand’s Siam Commercial Bank (SCB) to introduce an instant international payments gateway or remittances, from Europe to the Asian country.
According to Crowdfund Insider, the new platform will be powered by RippleNet, a decentralised cross-border payments network developed by American Fintech Ripple with the aim to address the current challenges of costly and unreliable cross-border transactions, providing payment transfer from Europe to Thailand within a minute.
Azimo allows users to complete Sterling Pound (GBP) and Euro-based payments to Thailand almost instantly with recipients based in the country can make withdrawals in Thai Bahts.
Fintech platform Helicap adds son of former Indonesia President to its Board of Directors
Singapore-based fintech platform Helicap has appointed Ilham Akbar Habibie, the son of late former Indonesian President B.J Habibie, as a Special Advisor and investor to the firm’s Board of Directors (BOD), DealStreetAsia has reported.
Also Read: Singapore-based lending platform Helicap raises US$5M to go to Indonesia
Like his father who was the third president of the country, Habibie is an aviation expert who also serves as Chairman of Indonesia’s shariah-compliant lender Bank Muamalat.
Ilham would advise Helicap’s BOD on the Indonesian market as well as give insights on strategic and operational matters, including guidance on expansion initiative and business development.
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