• Jirnexu

  Participated · Equity · Mar 2017

  Jirnexu operates financial comparison services that aggregate offerings and deals from banks and financial-services companies in Malaysia and Indonesia. Its platform functions as a user acquisition channel to help financial institutions reach new audiences and customers. The company is headquartered in Kuala Lumpur. In May it closed an $11M Series B led by SBI, and it has since received an additional $10M investment led by Experian. The Experian-led investment is intended to bring improved demand generation, better eligibility matching through analytics, and more seamless consumer experiences. The new funding brings Jirnexu's total capital raised to $28 million to date. Jirnexu operates consumer-facing financial comparison platforms in Malaysia (RinggitPlus) and Indonesia (KreditGoGo) that aggregate product offers from banks and financial firms including Citibank, HSBC, Standard Chartered and UOB. The company functions as a user-acquisition channel for financial organizations and has expanded beyond basic banking products into insurance and e-policies. Jirnexu has introduced chatbots with five financial organizations to simplify sign-up and selection. Management is prioritizing consumer digital identification and eKYC to better tailor suggested packages. The startup is hiring senior executives and operational staff, including a CTO, to build out the business and push into new financial verticals. Leadership says recent funding provides multi-year runway to pursue longer-term projects before considering market expansion. Jirnexu offers customer acquisition and lifecycle management solutions for banks, insurance companies and service providers, encouraging mobile-first lead generation, fulfilment and customer retention. Its product suite includes XpressApply for secure digital application submissions, RinggitPlus, a Malaysian consumer financial aggregator, and KreditGoGo, a sister site servicing Indonesia. Led by CEO Yuen Tuck Siew, the company is based in Kuala Lumpur and has more than 100 employees. Jirnexu raised $1.5m in its latest funding round and has raised $6m in total to date. Backers in the latest round included DMP, Gobi Partners and OSK Ventures International Berhad. The company intends to use the funds to expand operations and continue developing its online financial aggregators. Jirnexu, formerly Saving Plus, runs consumer comparison sites RinggitPlus (Malaysia) and KreditGoGo (Indonesia) and is building bank-facing products including XpressApply, a platform to handle online credit card, loan and other banking applications. The company says its comparison sites reach “tens of millions of visitors,” generate about 450,000 leads for banks and have produced “tens of thousands” of approved customers and accounts. XpressApply—including a white-label version slated to launch in the second half of the year—aims to shorten application processes to roughly 10 minutes, reduce paperwork, speed decisioning and improve engagement for lenders. Jirnexu claims that removing call centers can lift customer conversation rates by as much as 200% and that call-center complaint levels are seven times higher than initial complaint volumes from XpressApply. The startup was founded in 2012 by CEO Yuen Tuck Siew and remains committed to its consumer-facing sites while pushing deeper into digital-first bank products. Management says it plans a Series B later this year to expand its comparison sites across more Southeast Asian countries and to develop additional bank-focused offerings.

• iPrice Group

  Participated · Series A · Dec 2016

  iPrice Group is a Southeast Asian price-comparison platform that aggregates offers from more than 7 billion products and 8 million sellers. It operates in seven countries: Malaysia, Singapore, Indonesia, Thailand, the Philippines, Vietnam, and Hong Kong, and positions itself as an online shopping companion. Core features include comparing products, prices, seller reputations, delivery conditions, aggregating seller vouchers, and app-based alerts such as its newly launched Price Watch service. Price Watch launched in Indonesia and is scheduled to roll out to Singapore, the Philippines, Malaysia, Vietnam, and Thailand in 2022. With new funding, iPrice plans to expand into the consumer lending market to help users find loans to fund purchases, citing a Google prediction that digital lending in Southeast Asia could reach $92 billion by 2025. The company already lists lending partners including Payku (Itochu's subsidiary in Indonesia), Home Credit, Julo, Cashalo, Smartpay, and ZIP, and says the additional capital will support deeper lending partnerships and product rollouts. iPrice Group is a Malaysia-based online shopping companion and e-commerce aggregator focused on Southeast Asia. The platform aggregates six billion offers from more than two million sellers, enabling users to compare products, prices, seller reputation, and delivery conditions in one place. iPrice's stated mission is to bring greater transparency, convenience, and trust to consumers in SEA to help them save money. The company has partnerships with Home Credit (Indonesia), Thairath (Thailand), GoRewards (Philippines), Boost (Malaysia), ViSenze (Singapore), and SmartPay (Vietnam). CEO Paul Brown-Kenyon said iPrice built a product to embed e-commerce into apps and platforms and aims to be a prime partner for leading platforms and super apps in the region. With the newly raised funds, iPrice plans to further refine its product and accelerate the rollout of partnerships while working towards a Series C funding round. iPrice Group operates a price-aggregation and comparison-shopping platform across Southeast Asia, pulling together listings and prices from numerous e-commerce sites. The platform claims to aggregate more than 1.5 billion products from over 1,500 e-commerce partners and says it is the leading product aggregator in Indonesia, Vietnam, Thailand, the Philippines, Singapore, Malaysia and Hong Kong. iPrice reports more than 20 million monthly visitors and about 5 million transactions made through its platforms in 2019. Its core iPrice unit accounted for roughly half of the company’s revenue and operated at a 30% EBITDA margin, a profitability level the company expects other businesses to reach in two to three years. iPrice partners with super apps such as Line and Home Credit to expand reach, and it began by collecting coupons before expanding into broader price aggregation. The company plans to use new funding to develop product-discovery features, including recommendations and professional product reviews. iPrice is an aggregation service that pulls e-commerce websites across Southeast Asia into a single destination, having pivoted from a coupon site to an aggregator. The company offers more than 500 million SKUs across Malaysia, Singapore, Indonesia, Philippines, Thailand, Vietnam, and Hong Kong. It reports over 50 million visitors since December 2016 and is targeting 150 million visitors in the current year. iPrice generates B2B revenue by working with media groups and brands — clients include Mediacorp in Singapore and Samsung in Indonesia — alongside driving consumer traffic to e-commerce partners. Electronics have been a particular driver of its traffic and listings. The company is headquartered in Kuala Lumpur and was founded in 2015. iPrice operates a meta-search e-commerce aggregation service that aggregates product discovery and price comparison across online retailers in Southeast Asia. The platform has built a cleaned, sorted database of retailer and buyer data that the company says is unique to the region. iPrice is Malaysia-based, active in seven countries and employs more than 100 staff, working with retail partners to drive visibility, traffic and sales. The company added price comparison functionality in September and plans to use its dataset to introduce additional features and affiliate revenue products for media companies and independent bloggers. CEO David Chmelar said the company began with product discovery, expanded after seeing traction, and now sees multiple potential uses for its dataset. On the financial side, iPrice closed a $4M Series A and the CEO said the funding gives potential to reach break even and profitability, though no timeframe was provided.

• Medical Departures

  Led · Series A · Mar 2016

  Medical Departures is a medical service marketplace that allows patients to find, compare and book medical appointments around the globe. Its online platforms, Medical Departures and Dental Departures, let patients compare photos, prices, real patient reviews, videos and medical certifications 24/7. The company offers access to over 5,000 doctors and dentists across 33 countries and has served more than 50,000 global patients. Established in 2014 by CEO Paul McTaggart and based in Bangkok, Thailand, Medical Departures intends to accelerate growth in destinations such as Southeast Asia. In March 2016 it completed a $2.5M Series A financing to support that expansion.

No current team members are available.