E27: Meet the first 8 startups chosen for InspirAsia – Life.SREDA’s fintech post-accelerating programme: Softpay (Vietnam), Mobikon (Singapore), Rev (Malaysia), StoreHub (Malaysia), HotTab (Vietnam), Ayannah (Philippines), HomePay (Singapore), TIDE (Malaysia). Singapore-based fintech venture capital firm, Life.SREDA, has announced eight startups selected for its InspirAsia accelerator programme. Each startup that joins the VC fund’s 30-180-day pre-series A accelerator programme, which kicks off in September, will receive between $50,000 and $500,000 in funding, depending on the stage of the startup, in return for 5% to 15% equity, besides $250,000 in support services. At the end of the programme, the fund can decide on additional funding or bridge fundraising from other VCs from its network.
InspirAsia is Life.SREDA’s in-house growth-stage programme with an emphasis of combining IoT and DeepTech (related to machine learning and Artificial Intelligence) with fintech. It is focussing on post-seed and early Series-A stage startups from Asian countries.
The startups selected for the inaugural batch are the ones that in some way developed fintech solutions specifically targetted at, but not limited to mobile payments, P2P transfers, remittances, mPOS and online acquiring, online lending, scoring, P2P lending, mobile banks, e-wallets, payment services for restaurants and cafes, mobile cash registers for retailers. Read the full article
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