Vickers Venture seeking investment from Korean investors for its US$500M fund VI
Singapore-based Vickers Venture Partners is reportedly in talks to attract South Korea-based institutional investors to invest in the second round of its sixth fund worth US$500 million, according to a report by Korean Investors.
The VC firm is aggressively marketing the fund to domestic institutions investing in overseas venture capital funds.
Vickers recently submitted an investment proposal to a fund of funds manager investing in startups and small businesses, Korea Growth Investment Corp.
Besides the aforementioned funds’ manager, the VC firm has successfully had Korea Venture Investment Corporation to commit US$16 million in the first round of fundraising, making up a total of US$200 million.
With its sixth fund, Vickers has already made follow-up investments in six companies, including US life science company Samumed, biodegradable plastic startup RWDC Industries, and Singapore’s financial technology firm Matchmove Pay.
Also Read: Vickers Venture Partners leads US$34M funding round for US-based Lumitron
MyCash Online obtains MAS licence, ties up with bKash
Malaysia-based cross-border remittance startup MyCash Online announced today it has obtained the Standard Payment Institutes (SPI) license by the Monetary Authority of Singapore (MAS).
This enables the fintech startup to provide account issuance, cross-border money transfer, and e-money issuance in Singapore.
Simultaneously, the company announced a partnership with bKash Wallet to introduce wallet-to-wallet remittance services from Singapore to Bangladesh.
This integration enables migrant workers in the isolation areas of Singapore to transfer real-time money directly to any bKash wallet account in Bangladesh using the MyCash Wallet app and website.
MyCash Group CEO Mehedi Hasan said: “Over 100,000 Bangladeshis are currently working in Singapore and most of them are now living inside isolated dormitories. To make their life easy and help them and their families to enjoy the upcoming Eid, we have brought this service to them.”
“With more than 30 million registered users and over 300,000 agents across Bangladesh, we are excited to welcome bKash as our preferred partner to make the remittance services more accessible to our customers,” he added.
Vietnam’s skill-sharing marketplace Vibeji raises US$70K from Reapra
Singapore-based venture builder Reapra has invested US$70,000 in Vietnamese skill-sharing marketplace Vibeji, as reported by DealStreetAsia.
Operated in Ho Chi Minh City, Vibeji was founded in 2018 to allow users to offer and book activities online.
Vibeji said that its business model “encourages young people to commit to social distancing without fully giving up on entertainment, meeting people, and other experiences”.
It also provides a second source of income for those who lost their full-time jobs or are suffering from unpaid job termination.
–
The post Roundup: Vickers tapping Korean institutional investors to invest in its Fund VI; MyCash obtains MAS licence appeared first on e27.