Also, Indonesia finally will have its green data centre campus, and FIT Company launches a wellness ecosystem app FITCO

InstaReM launches digital money transfers from Canada [Press Release]

InstaReM, the Singapore-headquartered digital cross-border payments fintech has launched its service in Canada, in a move to strengthen its presence in North America.

InstaReM is registered as a Money Service Business with the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) to remit and transmit funds out of Canada. The launch of the digital money transfer service will help individuals and businesses in Canada to send money to over sixty countries with InstaReM’s Zero-Margin and Low-Fee international money transfers.

Canada is one of the leading remittance-sending countries in the world, which is attributed to the large expat population from different parts of the world. In 2017, as much as US$24.6 billion was sent out of Canada in remittances with countries like China (US$4.14 bn), India (US$2.88 bn), Philippines (US$2.37 bn), France (US$1.23 bn) and Italy (US$1.07 bn) being the top recipients, according to the World Bank.

Wellness startup the FIT Company launches FITCO, combining all wellness-related services under one app [Press Release]

The FIT Company, a healthy lifestyle and wellness startup, announces the launch of FITCO, a mobile app that offers holistic wellness service. Right now, FITCO has two main services categorised under two main pillars: Move, for physical activities, and Eats, for access to healthy, nutritious food.

Also Read: Cross-border payments firm InstaReM raises US$45M from Telkom’s VC arm, Rocket Internet, others

With its services, Move lets users book personal, group, or trainer-led fitness sessions based on schedules and locations with the on-demand coach. Eats, on the other hand, lets users choose a menu from a nutritionist-approved daily catering service or consultation with a nutritionist.

FITCO is now available in both Play Store and App Store.

Indonesia to get its Green Data Centre Campus early in 2020 [Press Release]

Jakarta, Indonesia will have its first green data centre campus early in 2020, an official statement said. SpaceDC, which is the company behind the initiative, will use natural gas to produce electricity to power the data centre.

Furthermore, it will also recycle waste heat from the gas generators to provide cooling through absorption chillers, a unique energy-saving feature for a Southeast Asian data centre.

The 1.8-hectare campus in Jakarta Barat will house two data centres, the first being JAK2, a 2.6MW Tier III facility.

“Lowering the environmental impact of data centres is at the heart of SpaceDC’s company philosophy. When selecting a site, we always look for innovative ways to use local natural resources to create green energy and reduce our carbon footprint,” says Darren Hawkins, CEO of SpaceDC. “Our 26.6MW Indonesian campus will be powered by natural gas, which will both reduce the environmental impact and increase the overall fault tolerance of the site.”

Indigram Labs partners Department of Science and Technology, NIDHI-SSS to fund potential startups [Press Release]

Indigram Labs Foundation (ILF), a technology incubator and accelerator, announces that a US$1.4 million seed fund is in operation to support promising startups under the scheme “National Initiative for Developing and Harnessing Innovations – Seed Support System (NIDHI-SSS)” of the Department of Science and Technology.

Indigram Labs is an agriculture ecosystem, focusses on the technological, social, and financial solutions. It is one of India’s leading agribusiness incubators based in New Delhi and aims at fostering and nurturing viable business ideas through the process of consulting, mentoring, leveraging technology tie-ups and giving access to various platforms.

Also Read: InstaReM seeks lending partnership, gearing up for digital banking license

NIDHI seed support is a system for providing financial assistance to potential startups with promising ideas, innovations, and technologies. This will help a few of the incubatee start-ups with innovative ideas and or technologies to graduate to a level where they will be able to raise investments from Angel Investors or get a loan from commercial banks /financial institutions.

Startups with innovative and executable ideas/products oriented to the agriculture sector are welcome to apply for this opportunity through the Indigram website.
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Picture Credit: FIT Company

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