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Scaling Globally From Singapore

TECHINASIA: Building a startup into a billion-dollar company is still a dream for most.  While it is easier than ever to start a business, it’s harder than ever to scale one. In the tech industry, many companies are “born global” by nature, but successfully scaling globally takes a special mix.  Over the past few years there has been a lot of valuable information and focus on starting lean, but little information as to how to cross the chasm and successfully scale into a profitable, global business.  So, what’s the magic recipe? I have assembled a short list based on my experiences of working with successful startups in the US, Europe, and Asia, and also asked local experts for their opinions. (more…)

Analytics, Global trends, InspirAsia, Singapore

April 17, 2015

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Mobile money: why isn’t the M-Pesa effect hitting more countries?

THE GUARDIAN: Access to financial services via mobile phones has proven to be a huge boost to development. Why aren’t more countries following Kenya’s success? (more…)

Fintech news, India, InspirAsia, Mobile payments/banking

April 16, 2015

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Temasek Largest Foreign Investor In Chinese Banks

DEALSTREETASIA:  Data from SNL Financialreleased earlier this week,showed that Singapore state-owned fund Temasek Holdings is the single-largest foreign investor in Chinese banks amongst the top 25 foreign investors in China. The SNL index also showed that Chinese banks had outperformed their regional peers in the Asia-Pacific, including Japan and Australia. (more…)

China, InspirAsia, Singapore

April 16, 2015

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Zomato Acquires Cloud-Based MaplePOS To Move Beyond Reviews

E27.COZomato, the online restaurant guide, has acquired MaplePOS, a cloud-based point of sale product for restaurants at an undisclosed sum. It has already renamed the MaplePOS product to Zomato Base. (more…)

Deals, Fintech news, India, InspirAsia

April 15, 2015

SCI-Team

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Philippine Startup Satoshi Citadel Industries Acquires BuyBitcoin.ph

E27.CO: Philippine startup Satoshi Citadel Industries (SCI) has acquired BuyBitcoin.ph, the first Philippine Bitcoin exchange in the country. Founded by Sam Kaddoura, Lasse Birk Olesen, James Florentino and Dan Walton in January 2014, BuyBitcoin.ph is a peso to Bitcoin ‘over-the-counter’ exchange which allows Filipinos direct access to buying and selling of the cryptocurrency. (more…)

Cryptocurrencies, Deals, Fintech news, InspirAsia, news, Philippines

April 14, 2015

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Temasek Acquires SVB India Finance For $48.1M To Foray Into Venture Debt

TECHINASIA: Singapore’s sovereign wealth fund Temasek has acquired SVB India Finance, the largest provider of debt financing to VC-backed firms in India. The deal is worth INR 3 billion (US$ 48.1 million). (more…)

Deals, India, InspirAsia, Singapore

April 14, 2015

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Singapore Parliament Takes New Steps To Regulate Taxi Booking Apps

TECHINASIA: Singapore’s Parliament has proposed new laws for the regulation of third-party taxi booking apps such as Uber and GrabTaxias reported by Today Online. The regulations in question echo the basic regulatory frameworkproposed by Singapore’s Land Transport Authority back in November 2014. Requirements such as third parties having to register with the LTA, dispatch only properly licensed cars and drivers, and disclose adequate and timely information on charges and fees, remain. (more…)

Global trends, Government activities, InspirAsia, Singapore

April 14, 2015

Restaurant

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Restaurant Classifieds Site Zomato Eats Up An Additional $50M In Funding

TECHINASIA: Barely five months after raising US$60 million, restaurant finder app Zomato has swallowed another US$50 million in a fresh round of funding from existing investor Info Edge, a public listed online classifieds firm, among others. Info Edge alone pitched in US$24 million. (more…)

Deals, Fintech news, India, InspirAsia, news

April 13, 2015

Top-10-Teams

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Startupbootcamp Announces Top 10 FinTech Startups To Join Its Singapore Program

TECHINASIA: It was an especially good weekend for the 10 startups who qualified for the Startupbootcamp FinTech program in Singapore. During a special event on Saturday, the FinTech accelerator chose the finalists out of a selection process that lasted six weeks and saw 300 applications coming in. (more…)

Fintech news, InspirAsia, news, Singapore

April 13, 2015

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Co-Foundry & Plug and Play establish fintech accelerator

DEALSTREETASIAThe Co-Foundry (TCF), a Singapore-based venture accelerator and a co-working space, has launched a fintech accelerator, together with the Silicon Valley accelerator Plug and Play (PnP). (more…)

Fintech news, InspirAsia, news, Singapore

April 13, 2015

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Singaporean Investments In Myanmar See Significant Increase

DEALSTREETASIA: The amount of FDI flowing into Myanmar from Singapore has seen a significant increase in recent years. Investment by Singapore organisations in Myanmar has risen 41.5 percent from 2012, hitting $311.4 million in 2013, with a focus on urban development, connectivity and finance, according to Lai Shu Ying, the Southeast Asia director of International Enterprise (IE) Singapore. (more…)

Fintech news, InspirAsia, Myanmar, Singapore

April 13, 2015

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The insider’s cultural guide to Hong Kong: ‘Neon, frenetic, always hungry’

THE GUARDIAN: From dim sum to protest art, pop-up cinemas to the free comedy found on the Mass Transit Railway, playwright Jingan Young shows us the city’s hectic streets (more…)

Hong Kong, Influences FinTech, InspirAsia

April 13, 2015

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Meet The New Foreign Funds Betting Big On The Indian Internet Space

E27.CO: Internet is one of the hottest and the most sought-after sectors in India that saw VCs pouring in billions of dollars of investments as of late. The success stories of homegrown giants such as Flipkart, Snapdeal, Quikr, Urban Ladder and Ola are prompting foreign investors to throw some huge bucks into the market, although many of these companies are yet to achieve profit. (more…)

Fintech news, India, InspirAsia

April 10, 2015

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Chinese Users Can Now Book And Pay For Karaoke Sessions Inside WeChat

TECHINASIAChina’s wannabe pop stars can now subject their friends to drunken renditions of Jay Chou tunes without carrying cash. WeChat, the popular messaging app owned by Tencent, announced yesterday it will incorporate karaoke services from inside the app. (more…)

China, Fintech news, InspirAsia, Mobile payments/banking, news

April 10, 2015

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Top Co-working Spaces For Entrepreneurs in Ho Chi Minh City, Vietnam

E27.CO: With the rising trend of coworking, remote work, and “workation” retreats, entrepreneurial Millennials from around the world are quickly adopting the location-independent entrepreneurship lifestyle because of the prospect of reduced living costs, exciting new environments, and access to a network of other motivated and interesting creatives and entrepreneurs. (more…)

Influences FinTech, InspirAsia, Vietnam

April 10, 2015

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Alibaba steps up China online finance network push with new index, bank

REUTERS: Alibaba Group Holding Ltd (BABA.N) and its finance affiliate accelerated a drive to be a full-fledged Chinese online financial network, with the launch on Thursday of an e-commerce tracking stock index and plans for a June start of an internet bank. (more…)

China, Fintech news, InspirAsia

April 9, 2015

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Life.SREDA Announces InspirAsia FinTech Accelerator For Singapore

E27.CO: The 90-day accelerator’s first batch of 20-30 startups will kick off in September, with investments of US$50K to US$300K for 5-15% equity (more…)

Fintech news, Hotnews, InspirAsia, Singapore

April 9, 2015

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Indian Payments Startup MobiKwik Nabs $25M From Tree Line, Cisco, AmEx And Sequoia

TECHCRUNCH: The rise of e-commerce in India has triggered a wave of startups that are leveraging the increasing adoption of smartphones to provide mobile payment solutions. Alibaba invested in Paytm at an apparent billion dollar valuation earlier this year, and now MobiKwik is the latest to be flushed with new cash. New Delhi-based MobiKwik has pulled $25 million in funding, led by Singapore-based hedge fund Tree Line Asia. The deal included participation from a couple of interesting strategic investors — Cisco and American Express. (more…)

Deals, eWallets, Fintech news, India, InspirAsia

April 8, 2015

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Indian E-Commerce Giant Snapdeal Buys Bill Payment Service FreeCharge

TechcrunchSnapdeal, the SoftBank- and eBay-backed online commerce company in India, has completed what it called “one of the biggest acquisitions in the history of the internet industry in India” after it announced the acquisition of online transaction service FreeCharge. (more…)

Deals, Fintech news, India, InspirAsia, Mobile payments/banking

April 8, 2015

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Yuri Milner’s DST Global Invests Over $200 Million In Ola Cabs.

TOFLER: For the past few weeks, speculation has been rife that Russian Venture Capitalist Yuri Milner’s DST Global was set to invest $500 million in online cab aggregator Ola Cabs. The wait is now over. The latest funding round closed last week when ANI Technologies Private Limited, the owner of Ola Cabs, issued Series G of Preference Shares to various funds within the DST Global umbrella and to some of its existing investors. The company’s filings obtained from the Registrar of Companies reveals the list of investors and the money each has invested in these preference shares. (more…)

Deals, Fintech news, India, InspirAsia

April 7, 2015

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Stripe To Enter Singapore Market?

TECHINASIAStripe may be making its way to the Singapore market, if certain reports from local entrepreneurs are accurate. The US-based company that provides web and mobile payment methods to online businesses has seemingly been testing the waters in the area, where competing service Braintree has already established a presence. (more…)

Fintech news, InspirAsia, Mobile payments/banking, news, Singapore

April 6, 2015

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Alibaba Makes Strategic Investment In Israeli Venture Firm JVP

TECHCRUNCH: Two months after making its first investment in Israel, Alibaba is digging deeper into the country’s startup ecosystem. Venture capital firm JVP (Jerusalem Venture Partners) announced yesterday that it will partner with the e-commerce giant to give financial support to promising startups. The amount of money both companies will invest together was not disclosed. (more…)

Deals, Fintech news, InspirAsia

April 5, 2015

Vietnam

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The Promise Of Outsourcing To Vietnam

TECHCRUNCH:  It’s no surprise that Vietnam is being talked about as an alternative, amid rising costs and attrition rates in popular offshoring destinations like China and India. The General Statistics Office of Vietnam reports growth of almost 6 percent in GDP during 2014. Tech giants like Samsung, Microsoft, LG and Intel have invested in large operations in Vietnam, and a growing number of technology startups have secured investment. The entrepreneurial spirit on the streets of Ho Chi Minh City is palpable.

(more…)

Analytics, Global trends, InspirAsia, Vietnam

April 3, 2015

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Top 3 Co-Working Spaces For Technology Entrepreneurs In Bali

E27.CO: With the rising trend of co-working, remote work, and “workation” retreats, entrepreneurial Millennials from around the world are quickly adopting the location-independent entrepreneurship lifestyle because of the prospect of reduced living costs, exciting new environments, and access to a network of other motivated and interesting creatives and entrepreneurs. (more…)

Influences FinTech, InspirAsia

April 2, 2015

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Banking On Southeast Asia’s E-Commerce Future

TECHCRUNCH:  China’s e-commerce, m-commerce and payments lead the world. It is the largest e-commerce market (KPMG), and is home to Alibaba, with its US$25 billion IPO, the largest in history. Alipay, China’s answer to PayPal, is the world’s largest online payment service.

(more…)

Global trends, InspirAsia, news

April 2, 2015

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One of Singapore’s Sexiest Co-working Spaces Has Opened Its Doors

E27.CO:  It’s a great time to be an entrepreneur in Singapore. Never in the history of our little red dot has there been more buzz, more excitement, more life and more resources channeled towards technological innovation. Singapore has become a hub in this region and a real player on a world stage once dominated by the great industrial economies of the world like Japan and America.

(more…)

InspirAsia, news, Singapore

April 1, 2015

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Snapdeal Forays Into Financial Services; Acquires RupeePower

E27.CO: Indian online marketplace Snapdeal has  announced its foray into financial services with the acquisition of a majority stake in RupeePower, a digital financial products distribution platform, for an undisclosed amount. The e-commerce player will now offer consumers a financial services marketplace by integrating RupeePower onto the Snapdeal platform. It aims to enable US$1 billion consumer loans disbursal over the next two years.

(more…)

Deals, India, InspirAsia

April 1, 2015

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Singapore: A Fascinating Alternative To The Welfare State

FORBES.COM:  Lee Kuan Yew, the first prime minister of Singapore, died last week at age 91. Almost every obituary has remarked on the radical transition his leadership heralded. As John Fund wrote at National Review: “By embracing free trade, capital formation, vigorous meritocratic education, low taxes, and a reliable judicial system, Lee raised the per capita income of his country from $500 a year to some $52,000 a year today. That’s 50 percent higher than that of Britain, the colonial power that ruled Singapore for 150 years. Its average annual growth rate has averaged 7 percent since the 1970s”.

(more…)

InspirAsia, news, Singapore

March 31, 2015

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Singapore Venture Builder Hatcher Announces US$100M Venture Fund

E27.CO:  Singapore-based venture builder platform Hatcher has announced the launch of the Hatcher Fund, an early-stage venture fund with a target size of US$100 million.

(more…)

InspirAsia, news, Singapore

March 30, 2015

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Hong Kong Tycoon Li Ka-shing Ventures Deeper Into Tech

THE WALL STREET JOURNALWhen the venture-capital fund of Li Ka-shing, Asia’s richest man, hosted a gathering of its portfolio companies in Shanghai last year, it broke the ice with a scavenger hunt. 

(more…)

China, InspirAsia, news

March 29, 2015