MoneyMatch and Ripple partner to improve payment for Malaysian SMEs

Malaysian fintech startup MoneyMatch has partnered with blockchain company Ripple to enhance payment services for Malaysian SMEs, according to Tronweekly.

In the interview with Tron, MoneyMatch founder Adrian Yap admitted that because of their small company size, the partnership with Ripple would be beneficial for SMEs due to their presence in 120 markets around the world could.

“Banks typically focus on larger customers who are sending higher volume transactions and can afford higher fees. SMEs don’t have much choice other than to accept these same rates, which adds to the cost of dealing with foreign suppliers. We worked with Ripple to create an improved cross-border payment process that offers these customers better rates and faster transaction times,” said Yap.

Draper Startup House launches online platform to match startups with investors

Draper Startup House has launched an online platform called Draper Startup House Ventures to match startups with investors from around the world, not confined to the Draper Venture Network.

Through this platform, startups can submit their pitch decks to the Draper Venture Network to help founders raise funds beyond physical borders.

The platform is currently live and is open to startups of all sizes.

Headquartered in Singapore, Draper Startup House is a hostel chain specifically for founders to assist them in their journey of entrepreneurship. It was recently rebranded from Tribe Theory to Draper House on January 2020.

Indonesian crypto exchange Tokocrypto receives investment from Binance

Indonesian crypto exchange company Tokocrypto has received an undisclosed amount of funding from global cryptocurrency exchange Binance, according to Businesstimes.

Also Read: How getting digital transformation right can help businesses get through a pandemic.

The company has said that it will use the added capital for hiring, marketing and customer support. Moreover, the company has revealed plans to launch new products in Indonesia.

“We are using these funds to set up remote offices in different parts of Indonesia … As of now, we plan to remain in Indonesia and to tap in this market,” Tokocrypto chief executive Pang Xue Kai said.

According to the CEO, the partnership with Binance will be beneficial for the company as it plans to leverage its technical expertise to offer customers a more secure experience.

“This partnership is something that will be very beneficial for Tokocrypto. Binance has the technical expertise, and we will be leveraging on that so that we can protect our customers’ assets with a very high level of confidence.”

Tokocrypto claims to have an average daily transaction volume of about US$700,000.

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