Southeast Asia

anecdotes Secures $25M in Series A Funding for First Compliance OS

Retrieved on: 
Wednesday, February 23, 2022

“You just can’t shake the feeling that Compliance, and all those who work in the field, feel like the forgotten ones in the security community,” said Yair Kuznitsov, co-founder and CEO of anecdotes. “Compliance is too often left fighting for the scraps -- taking screenshots, working out of spreadsheets, and manually ticking boxes. The tools available to them now are essentially templates for meeting basic requirements and passing audits, offering very little scalability and customization needed to facilitate growth. By breaking down siloed processes, replacing outdated manual activities with automation, and establishing an underlying fabric via which Compliance posture can be monitored and understood at all times, we transform Compliance from a burden into a driver for growth and expansion.”

Key Points: 
  • The funding will primarily be used to continue the development of new applications for anecdotes Compliance OS platform, specifically tailored to the needs of fast-growing companies.
  • anecdotes serves as a home base for everything Compliance related and at every stage of the Compliance journey.
  • After raising $5 million in seed funding in February 2021, anecdotes saw a 175% increase in hypergrowth and post-IPO commercial customers.
  • This is why anecdotes and its Compliance OS system are so critical and directly primed for rapid growth.

Global Venture Capital Firm Flourish Expands Team and Regional Efforts

Retrieved on: 
Thursday, February 17, 2022

REDWOOD CITY, Calif., Feb. 17, 2022 /PRNewswire/ -- Today, venture capital firm Flourish announced that it is expanding its global investment team with four new hires and building its local presence in Singapore and Sao Paulo, Brazil.

Key Points: 
  • New Hires Support Fintech Entrepreneurs in SE Asia, Brazil, India, and U.S.
    REDWOOD CITY, Calif., Feb. 17, 2022 /PRNewswire/ -- Today, venture capital firm Flourish announced that it is expanding its global investment team with four new hires and building its local presence in Singapore and Sao Paulo, Brazil.
  • Our newest team members share this passion and the desire to discover the latest technology that can benefit all members of society."
  • Previously, Su Fen was an entrepreneur-in-residence for San Francisco-based incubator HVF Labs and an investment banking analyst at J.P. Morgan.
  • Pranav Mittal , a senior investment analyst based in Delhi will support portfolio entrepreneurs' growth plans and the firm's India efforts.

Global Venture Capital Firm Flourish Expands Team and Regional Efforts

Retrieved on: 
Thursday, February 17, 2022

REDWOOD CITY, Calif., Feb. 17, 2022 /PRNewswire/ -- Today, venture capital firm Flourish announced that it is expanding its global investment team with four new hires and building its local presence in Singapore and Sao Paulo, Brazil.

Key Points: 
  • New Hires Support Fintech Entrepreneurs in SE Asia, Brazil, India, and U.S.
    REDWOOD CITY, Calif., Feb. 17, 2022 /PRNewswire/ -- Today, venture capital firm Flourish announced that it is expanding its global investment team with four new hires and building its local presence in Singapore and Sao Paulo, Brazil.
  • Our newest team members share this passion and the desire to discover the latest technology that can benefit all members of society."
  • Previously, Su Fen was an entrepreneur-in-residence for San Francisco-based incubator HVF Labs and an investment banking analyst at J.P. Morgan.
  • Pranav Mittal , a senior investment analyst based in Delhi will support portfolio entrepreneurs' growth plans and the firm's India efforts.

Paywallet Secures $14 Million Funding

Retrieved on: 
Wednesday, February 16, 2022

Paywallet LLC www.yourpaywallet.com , a payroll-linked verification and remittance ecosystem, today announced it has attracted $14 million to date in funding including a recently closed $8.82 million Series A funding round.

Key Points: 
  • Paywallet LLC www.yourpaywallet.com , a payroll-linked verification and remittance ecosystem, today announced it has attracted $14 million to date in funding including a recently closed $8.82 million Series A funding round.
  • The Series A funding round has been led by a new investor Pasaca Capital Inc., a private equity investment firm based in Pasadena, CA.
  • Paywallet is the only full life-cycle payroll-linked SaaS platform that provides easy to integrate APIs for its clients for various lending journeys.
  • Paywallet places the borrower firmly and transparently in control of sharing their employment, financial records and identity data for credit decision-making.

Logiq’s Spin-off Subsidiary, ‘GoLogiq’ Appoints Dedicated Executive Team

Retrieved on: 
Thursday, February 3, 2022

The Company is now rebranded as GoLogiq and going forward, it will be referred to as GoLogiq.

Key Points: 
  • The Company is now rebranded as GoLogiq and going forward, it will be referred to as GoLogiq.
  • An application to FINRA to formally change the Lovarra and OTC Markets ticker symbol to GoLogiq is in process.
  • Matt Brent has been appointed Chief Executive Officer, and Executive Chairman of the GoLogiq Board of Directors.
  • Prior to GoLogiq, Mr. Brent had a diverse career in software technology and product development serving both in production and management roles.

REDINGTON SOLAR Partners with ENACT SYSTEMS for Launch of Solar Software Platform in India

Retrieved on: 
Tuesday, February 1, 2022

BANGALORE, India, Feb. 1, 2022 /PRNewswire/ -- ENACT SYSTEMS, the leading cloud software platform for solar and energy storage projects, announced the launch of its strategic partnership with REDINGTON for the India market.

Key Points: 
  • BANGALORE, India, Feb. 1, 2022 /PRNewswire/ -- ENACT SYSTEMS, the leading cloud software platform for solar and energy storage projects, announced the launch of its strategic partnership with REDINGTON for the India market.
  • Headquartered in Chennai, India and with distribution branches located across the country, REDINGTON's Solar Division is the largest distributor of solar systems and components to solar installers in India, serving thousands of installers from across 159+ warehouses in India.
  • "We partnered with ENACT to simplify our customer's digital experience", said Pradeep Srikanthan, Vice President at REDINGTON Solar.
  • ENACT SYSTEMS provides a software platform for solar and energy storage projects: design, financing, installation management and asset management on a single cloud platform.

Yokogawa Survey Reveals Significant Impact of Industrial Autonomy on Environmental Sustainability

Retrieved on: 
Thursday, January 27, 2022

The survey highlights that the number of manufacturers moving forward with industrial autonomy is clearly increasing, and that there is a high awareness of the expected benefits on environmental sustainability.

Key Points: 
  • The survey highlights that the number of manufacturers moving forward with industrial autonomy is clearly increasing, and that there is a high awareness of the expected benefits on environmental sustainability.
  • Regarding environmental sustainability, 45% of the respondents anticipate that industrial autonomy will have a significant impact and another 36% expect a moderate impact in the areas of dynamic energy optimization, water management, and emissions reduction.
  • In contrast, only 6% expect industrial autonomy to have no impact at all on environmental sustainability.
  • The survey reveals that one-third (33%) of manufacturers have deployed remote operations in single sites and 31% have implemented across multi-sites in connection to industrial autonomy.

Vemanti Group Signs LOI with PVcomBank to Become First SME-Focused Neobank in Vietnam

Retrieved on: 
Tuesday, January 18, 2022

IRVINE, Calif., Jan. 18, 2022 (GLOBE NEWSWIRE) -- Vemanti Group, Inc. (Vemanti Vemanti Group or the Company)(OTCQB: VMNT) today announced that it has signed a non-binding Letter of Intent (the LOI) with Vietnam Public Joint-stock Commercial Bank (PVcomBank) to become one of the first Small-to-Medium Enterprise (SME) neobanking solutions in Vietnam.

Key Points: 
  • IRVINE, Calif., Jan. 18, 2022 (GLOBE NEWSWIRE) -- Vemanti Group, Inc. (Vemanti Vemanti Group or the Company)(OTCQB: VMNT) today announced that it has signed a non-binding Letter of Intent (the LOI) with Vietnam Public Joint-stock Commercial Bank (PVcomBank) to become one of the first Small-to-Medium Enterprise (SME) neobanking solutions in Vietnam.
  • PVcomBank is a fully licensed and regulated bank in Vietnam with comprehensive core banking products and services.
  • Vemanti will utilize PVcomBanks industry-leading banking expertise to provide SMEs in Vietnam with an innovative digital-only financial solution via PVcomBanks existing core banking system.
  • In 2021, PVcomBank was ranked The Best Digital Bank in Vietnam and also one of the Top 100 Strongest Brands in Vietnam.

Thrasio + Lifelong is now the "Thrasio of India"

Retrieved on: 
Friday, January 14, 2022

Lifelong becomes a Thrasio company, leveraging Thrasio's global expertise in acquiring and scaling brands with Lifelong's proven success in building and growing consumer products in India.

Key Points: 
  • Lifelong becomes a Thrasio company, leveraging Thrasio's global expertise in acquiring and scaling brands with Lifelong's proven success in building and growing consumer products in India.
  • With Lifelong leading the on-the-ground execution, Thrasio gains the strength of a knowledgeable, local company to run the Indian business.
  • "We couldn't be more excited to work with Lifelong Online and, together, take our proven model to India," said Carlos Cashman, CEO of Thrasio.
  • Lifelong will now be known as "Lifelong, a Thrasio company" andwill be well-positioned to engage with India's more than 750,000 sellers.

Kristof Schoffling's Move Digital, Positions Itself as Metaverse Leader after Phenomenal 2021

Retrieved on: 
Sunday, December 26, 2021

Mahe, Seychelles--(Newsfile Corp. - December 26, 2021) - Kristof Schffling's DLT advisory company Move Digital will enter 2022 ranking among the leaders in the growing Metaverse space.

Key Points: 
  • Mahe, Seychelles--(Newsfile Corp. - December 26, 2021) - Kristof Schffling's DLT advisory company Move Digital will enter 2022 ranking among the leaders in the growing Metaverse space.
  • In 2021, the Metaverse began attracting unprecedented levels of attention as major enterprises positioned themselves to be builders of infrastructure in the arena.
  • Move Digital's signature trademark development style allows companies to deploy immersive Metaverse environments which reflect the real-world economy.
  • However, given the rapid pace of development in the Metaverse world over 2021, Move Digital has been heavily concentrating their resources on helping blockchain businesses build and deploy sublime Metaverse environments.