Participated · Equity · Jun 2018

AsiaKredit is a digital consumer lender focused on Southeast Asia that offers unsecured small-ticket, short-term consumer loans via its mobile app, pera247. Pera247 launched in the Philippines in November last year and provides loans for up to 90 days to the over 80 million unbanked and underbanked with limited or no banking history. The company uses data-driven credit assessment tools to analyze mobile behavioral data and other alternative sources to make fast and reliable credit decisions. Within six months of its launch AsiaKredit processed over 100,000 loan applications. Customers can withdraw funds and make payments through more than 10,000 cash centers. The company intends to use new funds for loan capital, to enhance its proprietary technology platform, expand underwriting and collections infrastructure, and launch new products. AsiaKredit is led by CEO and co-founder Michael Singh.

Participated · Series A · Jan 2018

StoreHub is a cloud-based retail management solution and iPad point-of-sale system for SMEs, founded in 2013 by Wai Hong Fong and Congyu Li and headquartered in Malaysia. The platform automates ordering, payments, customer engagement, inventory tracking, supplier management, and sales analysis, and has expanded to include QR-based table ordering and loyalty features. StoreHub serves over 15,000 paying retail and restaurant outlets across Southeast Asia. In the last 12 months it processed over 128 million transactions worth more than $1.6 billion in gross transaction volume, a 40% increase year over year. The company says it will use new funding to continue meeting demand, maintain positive unit economics, and invest in technology innovation to deepen value for each customer. StoreHub is a Southeast Asian retail tech startup. The company raised $8.9 million in a Series A+ funding round, according to the article. The round was led by returning investor Vertex Ventures Southeast Asia & India. The article provides no product-level details, revenue, user metrics, or stated use of proceeds. No other investors or financial instruments were disclosed in the piece. Further operational or strategic information was not included in the statement cited by the article. StoreHub offers point-of-sale (POS) technology and accompanying digital services to help physical retailers digitize finances and inventory management. Founded in 2014, it charges around $39 per month for its POS service and also sells hardware. The company says it works with some 3,200 retail stores across Malaysia, Thailand and the Philippines. StoreHub plans to expand to additional Southeast Asian markets including Indonesia, Vietnam and Cambodia and to broaden its services into digital marketing and e-commerce. Founder and CEO Wai Hong Fong is based in Malaysia while CTO Congyu Li leads the tech team from Shanghai. The new funding will be used to grow the tech team and execute a hiring spree aimed at doubling its current headcount of 80 staff. StoreHub is a Malaysian point-of-sale (POS) startup. The company offers POS solutions for merchants. The article reports StoreHub raised $850,000 in seed funding. The round was led by undisclosed private investors from a China venture capital firm, with participation from 500 Startups and investors in Singapore and Malaysia. The article does not disclose other financial metrics, past rounds, or future plans.

Participated · Seed · Oct 2016

Trunomi is a Bermuda and London, UK-based provider of customer consent and data rights and privacy software solutions. Its core product is customer consent and data rights management technology that enables businesses to request, receive, capture and prove the legal basis for processing customers' data. The platform helps companies comply with EU GDPR and ePrivacy Regulation and other global data privacy laws. Trunomi aims to automate compliance and replace inefficient and costly legacy approaches. The company raised $3.5M in a round of financing. It plans to use the funds to manage a rapid increase in demand for its technologies and to continue its global expansion. Trunomi provides mobile and web consent-based technology that enables financial institutions to securely connect with customers through a consent-based data-sharing platform. The company's core product focuses on customer consent management and permissioned personal data sharing. Led by founder and CEO Stuart Lacey, Trunomi has signed strategic partnerships, including with Widerpool, which invested to develop its telecoms market proposition. The company raised $3m in seed funding to support product development. Trunomi plans to use the funds to continue evolving its technology and to grow in Asia and globally. It is based in Mountain View, California. Trunomi offers a proprietary consent-based KYC data-sharing platform that accelerates, simplifies and secures customer data collection and sharing. Its enterprise solution expedites customer onboarding, helps institutions realize new revenue streams, and minimizes regulatory and reputational risk. Customer-facing mobile and web applications let consumers control and manage consent to share their personal data across industry participants. The platform creates auditable, digitized sets of customer identification data designed to comply with international privacy and regulatory requirements. Trunomi has offices in Bermuda, the U.S. and Europe and has expanded its reach since its official launch in October 2014, earning recognition such as inclusion on the 2015 European FinTech 50 and finalist placements in the Benzinga FinTech Awards and Visa Europe Collab Startup Competition. The company recently closed a $3 million capital raise to fund continued progression of its technology and market growth. Trunomi offers a B2Me platform that enables regulated entities and consumers to create auditable “Golden Source” digitized KYC datasets and securely share them. Its enterprise TruHub product simplifies KYC capture and review, enabling audit-level data extraction, real-time surveillance, and faster customer onboarding. TruMobile lets consumers manage permissioning, provisioning, and updating of their PII from a mobile device, with real-time consent, biometric authentication, and multiple patent filings backing the approach. The company says its platform can onboard customers five times faster at around 20% of the cost of manual processes, and it cites a co-development relationship with Mitsubishi UFJ Fund Services. Trunomi planned public demonstrations of TruHub and TruMobile at Money20/20 and BAI Retail Delivery. The company has said it is poised to expand its services to additional regulated industry verticals.