Startup News Asia: June 2016
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June 2016 summary of startup news reported in South & Southeast Asia, and Australia & New Zealand, covering tech, web, mobile and fintech news of interest. Daily: startupnewsasia.com/today Monthly: startupnewsasia.com/monthly Quarterly: startupnewsasia.com/quarterly
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- 1. page 1 of 22 legend & classification Obviously, classifying content across such a wide range is a challenge. For that reason, there is an element of ‘fuzziness’ to the color-coding. For instance, here, education is intended to cover both ‘provision of knowledge to the reader’ and the burgeoning #edtech field so do keep this in mind when reading. Questions, comments? Contact me via StartupNewsAsia.com. in june 2016 This month saw a number of interesting items in the fintech space in Southeast Asia, including the commencement of Facebook’s trial of ‘social payments’ for Thai users of the platform. In the wider fintech space, Facebook Messenger has also hit the headlines with companies launching chatbots aimed primarily at providing financial advice. Australia’s Flux Democracy Party brought the Blockchain into mainstream view with its inclusion in the Australia Federal Election ballot, whilst Singapore an- nounced plans to run a hackathon event around improving public housing. In Myanmar, Phandeeyar tech hub gained funding from private investment, and launched the country’s first startup accelerator programme. And in Vietnam, the Mekong Angel Investors Network launched, aiming to fund 30 regional startups. highlights in june EAustralia’s Blockchain-driven Flux Democracy Party gains ballot presence E India’s Machadalo aims to bring hyperlocal element to advertising E Unbanked populations: the missing link in the fintech ecosystem
- 2. june 2016 startup news page 2 of 22 tiny.cc/newsdaily Singapore fintech Hektor aims to 'supercharge' millenials' savings habits Singtel's Future Makers aims to develop up to 7 social startups Taiwan's NDF fund puts $20m to Infinity Venture Partners' 3rd fund Clearbridge Accelerator partners Cambridge Consultants for medtech startups YourDost aims to fill a gap in India's mental health system The State Of The Startup Accelerator Industry, via Forbes WeWork coworking opens 1st Asia office in Shanghai Sydney-Denver fintech startup Avoka raises $12m Employment Hero closes $2.2m round led by OneVentures Brisbane's ClipChamp, video startup, lands $1.45m The Cage, 12-week retail startup development programme, opens in HK Orami aims for same-day delivery in parts of Indonesia 'Chatbot lawyer' overturns 160,000 parking tickets in London, New York Meet The VCs: Angel vs VC Investments, in Singapore in July Singapore Hello Health Group raises $1.5M to bring healthcare info to SEA muru-D Accelerator Bangkok Roadshow set for early July India: Online jewelry startup Velvetcase raises close to $2m India's Sixth Sense Ventures closes debut fund at $18m Silicon Valley's latest startup challenge: to build a whole city Startup Battlefield Disrupt SF applications open TapChief wins SeedStars Bangalore Edition Vietnam's Monkey Junior wins 1st in Obama-backed IT competition An updated look at Japan's 15 most-funded startups Hacking Health: Melbourne in July Mobile messaging users in Vietnam choose homegrown Zalo over Facebook Asia-Pacific Sports Analytics Conference pitch competition: July in Melbourne Startup VIC Female Founder event set for July in Melbourne gg gg g g g gg gg g g g g g g g g g g g g g g g g g g g g g g g g g g g
- 3. june 2016 startup news page 3 of 22tiny.cc/newsmonthly Android Pay launches in Singapore as 1st step in SEA India: LendingKart raises $32m for SME credit-on-demand A look at Australia's ROAM-e drone, the flying selfie stick Azimo money transfer platform set to launch Facebook Messenger chatbot Investors keen to fund China's tech startups despite slowing economy How telecom groups help startups, individually and collectively Chengdu: 1st Sino-Korean Youth Innovation & Entrepreneurship contest held Singapore's BEAM launches mobile app to link startup professionals India: Wellness startup Gomalon raises 2nd round of funding Thai Express founder sells for $80m, now runs healthy soup startup 4 Indian medtech startups with cancer in their sights IoT startup Ayla lands $39m to expand in Japan, China, Taiwan WellsFargo to launch real-time P2P payments for 17m US mobile customers g g g g g g g g g g g g g g g g g g With a population of over 90 million people, mostly composed of millennials who are increasingly plugged in, Vietnam’s internet economy has great potential. Yet fintech remains a relatively untapped opportunity. In an updated Fintech Vietnam Startup Report, Fintech Meetup Vietnam explores the current state of fintech in-country and high- lights the key factors that are making Vietnam an attractive market for financial technologies. Vietnam’s fintech ecosystem Vietnam’s fintech industry is still in its infancy, with a little more than 30 players in place, mostly tackling the payments market. Two thirds of Vietnam’s fintech startups are providing consumers and merchants with either online payments services (1Pay, 123Pay, Payoo, VinaPay, OnePay, MoMo etc) or bricks-and-mortar digital payments solutions, including POS/MOS (ibox, Moca, etc). The appetite for online payments and digital wallets in Vietnam is no surprise since Southeast Asia is expected to see its e-commerce market boom in the next decade. Thankfully, not all are offering payment-related products and ser- vices. Vietnam has also a number of ventures that are tackling all kinds of sub-segments, including: crowdfunding, with players such as FundStart, Comicola, Betado and Firststep; lending with LoanVi; data management with CircleBi; personal finance, with the likes of BankGo, MoneyLover and Mobivi; bitcoin with Bitcoin Vietnam; and banking, with Timo, the country’s first digital bank. While fintech is still in its early stages, some players - local entre- preneurs, and internet and mobile providers, alongside foreign in- vestors - are starting to understand the untapped opportunity here. Globally renowned startup funds, incubators and accelerators, have started eyeing the Vietnamese market as well. 500 Startups launched in March a US$10 million micro-fund for Vietnam as it intends to invest in 100–150 domestic startups. Foreign ventures, too, have started expanding to Vietnam to tap into its remittance market. Vietnam, one of the busiest markets for receiving remittances in Asia, received US$13.2 billion in 2014, accounting for 6.4% of the country’s total GDP in that year. continued on page 22
- 4. june 2016 startup news page 4 of 22 tiny.cc/newsdaily Amex partners Facebook for Messenger bot delivering real-time info The Jakarta Post on the dangers of under-regulating the fintech industry Indonesia to set minimum capital requirement for fintech startups India's budget hotel aggregator FabHotels raises $8m Ecommerce sites Daraz, Kaymu merged across Asia Future Now Ventures funds online loan service startup LoanSolutions Blackberry looks to Indonesia for partnership with media group Japan's Adways pockets Indian rewards-for-engagement platform Fundnel partners Business Angel Network of SEA for early-stage investment Thailand to launch nat'l e-payment system in October with PromptPay EasyUni, Malaysian higher education platform, expands to Vietnam 50+ sports startups compete for place in SFIA Start-Up Challenge 13 early-stage e-commerce startups to keep an eye on Private equity concerns raised for Australian fintechs Rabobank to build P2P platform linking private banking customers with SMEs Infographic: The global fintech landscape so far 100 Malaysian primary schools to teach coding Australian fintech Avoka raises $16m in expansion funding 1337 Ventures invests in 3 more Philippine startups Camidge of Muru-D: Vietnam's startups should look outward for growth India's bus ticket site Travelyaari raises $3m Indonesia's GnB Accelerator: Applications open for Batch 2 Next Generation Lending Asia Summit: Singapore, in July Startup News Asia digest, May 2016, via Dreamplex Japan's fintech and cloud startups are aiming at global markets Global Mobile App Summit Awards: 2 days in Bengaluru, July g g g g g g g g g g g g g g g g g g g g g g g g g g g g g g g g g g g
- 5. june 2016 startup news page 5 of 22tiny.cc/newsmonthly Russia's Skolkovo opens doors to international startups Blockchain Democracy Party: new voting that could change politics Geeks On A Beach conference: Philippines in August GnB Accelerator announces 6 Indonesian startups for 1st batch Agic Capital to close $1B fund for high-tech startups in India, SEA A look at Startup Weekend Jaffna, in Sri Lanka Pakistan's WonderTree for special needs children wins big at Stanford Hokkaido Interstellar Technologies aims high with small satellite launches A look at the all-important trust element in Blockchain finance Reserve Bank of India announces Blockchain committee A look at 31 tech startups working on the construction industry A look at the Brexit impact on UK fintech ABN AMRO enables WhatsApp payments A brief look at Financial Blockchain Shenzhen Consortium, over 30 firms in g g g g g g g g g g g g g g g g g g g g g Topping up prepaid phones usually means dealing with complicated menus and multiple inputs. OnOnPay makes this much simpler, letting you top up online or using a smartphone app. Added to this, OnOnPay offers rewards, extra mobile credit, discount coupons and gift certificates to users. OnOnPay was the first investment in Vietnam for Singapore-based Captii Ventures. OnOnPay placed third in the Tech in Asia Singapore 2015 startup pitch battle
- 6. june 2016 startup news page 6 of 22 tiny.cc/newsdaily EarlySalary aims at India's short-notice loans market Singapore's Cardable helps recommend the best credit cards Kalaari accelerator invests $500k in cloud security startup Parablu India: FarEye lands $3.5M to improve e-commerce logistics seedstars shanghai pitch competition set for July 1st MintChip digital cash live in Canada with US, UK to follow India: Real estate startup Kabadiexpress, Drivify chauffeur app gain funds New breed of execs can bring true digital innovation to banking Indian Angel Network backs AI research startup Staqu A brief piece on why banks should look within for fintech entrepreneurs Singapore-based NTT DATA new owner of Vietnam payment service Payoo Breaking Banks podcast on fintech innovation in China Indonesia: iGrow lands funding from East Ventures, 500 Startups Video distribution startup Veredictium uses blockchain to reduce piracy M&As outstrip initial public offers as exit route for tech firms 350+ African startups apply to Korea for K-Startup Grand Challenge India's edtech startup Uolo lands seed funding India: Mobikon buys restaurant online marketing platform MassBlurb A look at Asia's top cities for female entrepreneurs on Forbes Startup Leadership Programme: India, Europe, Australia, Asia & the US Fintech Hackcelerator: Create market-ready solutions to 100 industry problems India to host US Government's Global Entrepreneurship Summit in 2017 Samsung launches Creative Square mobile startup incubation program Singapore entrepreneurs asked to join French Tech Ticket startup competition Cygni Energy the first firm to benefit from Start-Up India China's largest e-learning platform invests $3m in edtech startup Italki g g g g g g g g g g g g g g g g g g g g g g g g g g g g g g g
- 7. june 2016 startup news page 7 of 22tiny.cc/newsmonthly UBS China electronic trading head quits to start fintech firm Australia's SOFI Spritz lands Shark Tank funding A look at 10 travel startups in Asia ...financial needs of customers in Asia varies greatly from region to region... Indonesia's SkyArk Music startup aims to give indie musicians a voice Fintech beyond Silicon Valley & Europe: Emerging market contenders A look at the opportunities & components in eSports Olympic athletes to sport Visa's new payment ring in Rio 7 seed-stage sources that may finance your startup India: SAP Labs launches startup accelerator in Bengaluru How Myanmar is fast-tracking mobile money adoption Vietnam's Foody makes strategic investment in discount app JAMJA Is the new frontier an era of cloud services on less powerful devices? Shenzhen Bay Super Angel Fund launched g g g g g g g g g g g g g g g g g g g we build the next generation of credit score based on mobile subscriber data, to make lending faster, cheaper and friendlier Capture untapped markets 4.5 billions consumers worldwide are financially excluded just because banks do not have data on them. Our solution helps banks connect, understand and lend to them. Streamline application process Lengthy application form kills conversion. By automatically extract and verify digital data, our solution enables friction- less loan application and real-time credit decisioning. Reduce fraud and credit risk Our scoring solution gathers tens of thousands of data points to detect identity fraud, verify application data and evaluate credit risk. Cut costs radically Using big data, leading US online lenders have cut op- erating expenses by up to 50% comparing to traditional banking. We now make the technologies available to every lender worldwide.
- 8. june 2016 startup news page 8 of 22 tiny.cc/newsdaily Townsville tech startup receives funding for JESI work safety app Melbourne's Rampersand hunts startups with new $50m fund A quick look at 10 startup incubators in Vietnam NZ-based video collab startup Wipster scores deal with US giant Vimeo Japan's SBI plans VC fund with Philippines Investment & Capital Corp River City Labs to be Australia's first startup hub with childcare Lenovo Accelerator to incubate 10 Hong Kong / China startups Vietnam book reading app Check It wins two contests Vietnam to offer tax breaks to SMEs and startups Over 2400 startups apply for K-Startup acceleration programme The Digital Insurer Asia conference: November, seeking award nominations How blockbuster films turned New Zealand capital into thriving startup mecca Queensland gov't, Future Now Ventures co-invest $1m in software firm Jesi g g g g g g g g g g g g g g g g g g g g g g g Startup World Cup Australia event set for November Melbourne Accelerator Program: Startup Intensive 1-Day Workshop in July Brisbane's Karma Kids crowdfunds for revolutionary kids' therapy tech Australia: VentureCrowd and Clearstate raise near $1m in 4 hours A look at Cambodian real estate app startup, Sroul K Uber helps Vietnamese swap scooters for new Hondas A very brief overview of Thailand's startup scene 7 major financials to explore blockchain project for European SMEs India's online lingerie retailer PrettySecrets raises $6.13m German digital-only bank Number26 lands $40m from HK billionaire India: Medtech platform Dr Bean onboards 4k doctors, 10k users in 6 months India's fintech startup Celerix lands $400K A look at South Korea's startup ecosystem Why do wearable owners stop using their device? g g g g g g g g g g g g g g g g g g g g g
- 9. june 2016 startup news page 9 of 22tiny.cc/newsmonthly Startup World Cup: conference & competition offers $1m funding What investors expect startups to know about business models Chinese investors eye Indonesian startup scene, aim for angel investor club Thailand to invest $425m in startups, aims to be ASEAN startup hub How do you connect with the most connected generation? Data. Initiative set to mentor, develop & fund female startups in South & SE Asia AngelHack Ho Chi Minh set for this weekend, June 25 Internet of Things - Human-machine interactions that unlock possibilities (pdf) Big media & digital: 'ages 18 to 24 watching near 30% less TV than in 2012' A look at the top US cities fostering entrepreneurial growth A short piece on what investors want from VC firms India: Naturenama, Dipper and Onspon land funding Agic Capital to close $1b fund, may invest in hi-tech firms in India, SEA g g g g g g g g g g g g g g g g g g g From advisory to implementation services, we help you to best utilize your data assets to uncover answers to your critical business questions. Partner with us on your data management and business intelligence initiatives including enhancing your existing data foundation or building your new data solutions. Our data science team provides extensive exploration and modeling expertise in helping you build analytical solutions on structured & unstructured data. In July 2016, we have a number of data-related openings to fill in Ho Chi Minh City, Vietnam. Scan the QR code for details.
- 10. june 2016 startup news page 10 of 22 tiny.cc/newsdaily Scheme for assistance to startups & innovations launches in Gujarat Andhra Pradesh signs MoU with NASSCOM to encourage startups 2016 Talent Unleashed Awards APAC finalists announced Siemens nurturing innovation & entrepreneurship in Hong Kong Kerala's MUrgency wins 3rd annual Challenge Cup 2016 A look at the Philippines' startup ecosystem in the Manila Times A lengthy Bangkok Post piece on SE Asia's startup movement Da Nang Business Start-Up Conference & Exhibition a success A quick retrospective look at Startup Weekend Cambodia Women's Edition A look at the components of Sri Lanka's startup ecosystem Ant Financial to buy 20% in Thai online payment co, Ascend Money Indonesia's Loket lands funding to manage events better India: startups target patients in rural areas with health ATMs Japanese flea market app Maipple lands funding from GX Incubate Singaporean Bitcoin exchange Quoine raises $20m investment Sweden trials blockchain for land registry A look at startups working on drone delivery by air and land $25 million budgeted for new Sydney School of Entrepreneurship MoneyMe launches $10k loan product aimed at Australian millennials Vietnam: Mekong Angel Investors Network launches, to incubate 30 startups Australia's Humanihut aims to provide low-cost shelter for all On American Banker: 'Big Banks Will Look More Like Google by 2025' Malaysia's 1337 Ventures selects 3 new Philippine startups A look at 4 robots to help the elderly and the infirm Kenzwoman aims to solve intimate apparel shopping woes for ME women In Bangkok this week: Windows 10 IoT event ASIC partners with Singapore for cross-border fintech g g g g g g g g g g g g g g g g g g g g g g g g g g g g g g g g g g g g g g g g g g g g g
- 11. june 2016 startup news page 11 of 22tiny.cc/newsmonthly Blind ultramarathon runner pushes boundaries with tech Blockchain-based VC fund hacked for $60 million A quick round-up of 9 Southeast Asian tech startups Director of Sales needed for WeWork in Sydney Australia's Lorna & Bel launches 'smart handbag' Startup Victoria Pitch Night, part of Startup Week in Melbourne Bank of Canada demos Blockchain-based digital Canadian dollar Mitsubishi UFJ experiments with block- chain to build digital currency EY paper: The Internet of Things in insurance (pdf) Asian and Oceanian Accelerator Report 2015 from Gust and Fundacity A quick graphic look at how startups are unbundling the hotel industry 2 Pakistani accelerators featured in Asia's top 20 India: ah! Ventures eyes 15 investments in 2016 g g g g g g g g g g g g g g g g g g g g g g C0 M85 Y65 K0 Thông s màu C75 M80 Y0 K35
- 12. june 2016 startup news page 12 of 22 tiny.cc/newsdaily 7 investors and startup CEOs on insurtech's present and future The Bitcoin model for crowdfunding A look at 44 VC-backed fashion startups supplying your wardrobe Goldman Sachs, Citi, Santander most active large banks in fintech investing Infographic: How startup funding works A quick infographic outlining how Blockchain works Quick infographic: traditional bank vs marketplace lending Infographic: A quick look at the pros and cons of the major social networks The Philippines is Southeast Asia's fastest-growing smartphone market in Q1 Indonesia's angel investment network Angin funds 3 startups India's fitness startup BookYourGame gains funding Mongolia to change all location addresses to 3-word phrases using startup system Is this the tipping point for online investing? India's TurningIdeas floats angel network to back tech startups g g g g g g g g g g g g g g g g g g g g g g g g g May 2016 SEA startup news: Mentions @1337ventures @GRIFFINAcc @indee @ ippfivn @LifeSREDA @Seedstars Bank of England to launch its own fintech accelerator UNDP to facilitate youth innovation for social good in Vietnam PDF: Standard Chartered explores blockchain viability A very quick look at entrepreneur-related election promises in Australia May 2016 StartupNewsAsia: Mentions @ Cellum_Group @giggedin @500Startups @chain @jungleventures @umbalatv 8000 jobs to go as Bank of America gears up to go digital Female users account for 2/3 of Instagram's US daily audience Consumers to brands: Don't monitor my product usage A look at movements in VC funding of food delivery startups You don't need a co-founder...but you do need a team In Startup News Asia's on/offline May digest @elsa_speak @CurrenSeek @DesignMProduce @ExparaAsia @goxips g g g g g g g g g g g g g g g g g g
- 13. june 2016 startup news page 13 of 22tiny.cc/newsmonthly Singapore fintech Mesitis to launch high-net-worth focused robo-advisory svc 12 Philippine fintech startups to watch Fintech Vietnam Startup Report: Massive fintech opportunities Australian 'innovation needs to extend beyond city borders' Australia: Victoria aims to be APAC regional IOT hub Australia: Flux startup prompts Senate to consider democracy-as-a-service Digi team in Malaysia wins spot in Telenor global 'intrapreneur' programme Thai e-payments ditch bank account numbers, instead linking to ID or mobile A look at South Korea's THERE, curated travel & activity deals startup Asia: Mobile learning set to soar with VR & gamified student apps 3 core traits an early-stage startup investor looks for in founders State Bank of India floats $30m fund to support fintech startups A quick look at the state of investment in Southeast Asia g g g g g g g g g g g g g g g g g g g g g g g g
- 14. june 2016 startup news page 14 of 22 tiny.cc/newsdaily A look at Singapore's new library robots, and security considerations Infographic: South Korea's 15 top-funded startups pwc report: How InsurTech is reshaping insurance The future of wearables: medicine & health SaaS banking provider Mambu launches fintech startup program A quick look at Singapore's plans for digital identity Neema, MasterCard partner for debit card for Asia's migrant workers Japan's Soracom IoT startup to expand to Singapore with investment 250 fintech influencers to think about following this year A look at Oddle, Singapore's 'shopify for restaurants' LendIt China 2016 and Lang Di Fintech Conference: July in Shanghai Singapore's Carro raises US$5.3M to help sell used cars India: Venture debt firm IntelleGrow raises $20m in equity and debt Make School Silicon Valley education startup boots up in Asia Singapore: CapitaLand launches C31 Ventures with S$100m startups fund Thoughts on the future of telcos and startups in Southeast Asia Queensland government unveils $225 million innovation spend India: uTrade launch blockchain-powered solution for stock exchanges If elected, Labor to repurpose StartupAUS funds towards regional innovation Golden Gate Ventures closes new $60 million fund for Southeast Asia SME lending marketplace Valiant Finance closes $800k round Indonesian recipe startup ResepKoki looks to raise initial funds New Zealand's Motion Sickness startup to open office in Sydney KaJin Health aims to use tech to unlock mental health in China Australia: PromisePay payment platform for online marketplaces lands $10M LoanDolphin fintech enters Australia's mortgage space g g g g g g g g g g g g g g g g g g g g g g g g g g g g g g g g g g g g g g g g g
- 15. june 2016 startup news page 15 of 22tiny.cc/newsmonthly UniCredit and Open Bank Project launch fintech startup Appathon competition Singapore-Seoul fintech partnership launches Startupbootcamp FinTech Singapore demo day now one month away Estonians can do everything online, apart from getting married India's Machadalo aims to bring hyperlocal to advertising tech IBM's Bluemix platform helps Bendigo and Adelaide Bank seek startup vibe Australia's Clapit aims to be the top social network aggregator Vietnam sees a boom in startups, double since last year A look at the future of the bank-fintech startup relationship Cambodia: Angel investors raise hopes for local startups Academy Xi gets in early on VR education in Australia New fintech platform for cash savings launched by ex-Merrill Lynch directors How much are you worth as a social media platform user? Allianz bets on blockchain for catastrophe bond trading StartupAUS Crossroads 2016 workshop: Monday in Ultimo 4 Aus VC firms gain recognition from global Project Include Visa Europe unveils augmented reality payment tech Can Blockchain make the world less vulnerable to financial disasters? Snapchat set to grow 27% this year Getmii, a new sharing economy app for millennials A look at Myanmar's first ever startup business accelerator programme Research: Companies may be stockpiling Bitcoin to deal with ransomware A look at Hong Kong's fintech presence A look at the stability of Singapore's fintech ecosystem A look at the swift growth of Australia's fintech ecosystem A look at 16 promising UK fintech startups So which financial services firms & corporations are investing in Bitcoin? g g g g g g g g g g g g g g g g g g g g g g g g g g g g g g g g g g g g g g g g g g g
- 16. june 2016 startup news page 16 of 22 tiny.cc/newsdaily Sydney's 'design your own sports equipment' startup heads to the UK Visa creates wearable ring that pays for things 'The war for talent will define which banks compete in 21st century' Philippines startup WIN gains Microsoft funding to install 10k WiFi hotspots Malaysia: MaGIC to look beyond tech for innovations in other verticals Australia: 'Go west for tech funding', says startup founder BankVault founders 20-year journey to a win at Silicon Valley World Cup Telstra's Muru-D supporting Australian entrepreneurial talent as 3rd intake closes Uni of Dayton partners Vietnam's HATCH! Ventures for startup competition Followit, property marketing app, links agents and customers A local news take on Vietnam's tech and startup boom Infographic: The world of instant payments GP Accelerator selects top 5 Bangladeshi startups to meet investors at Demo Day Moscow's Phystech Ventures' 2nd fund to grow, may invest more in SEA, India An advance look at the Kerala edition of Techcircle Startup Tour Philippine startup Satoshi Citadel Industries lands Korean funding Startup Muster, Australia's largest startup survey: 2015 report online Aus online lending platform Kikka Capital lands $2 million South Australian entrepreneur lands $60k on Shark Tank Perth startup races US developers to create 1st secure e-voting system Sydney fintech zipMoney lands $20.6 million in funding Declining VC funding globally, but hopes remain high in Asia Australia's ASIC to build fintechs a 'regulatory sandbox' to test ideas Singapore central bank lowers barrier for securities-based crowdfunding Vietnam gov't aims to foster startups with ambitious plans Philippines gets new startup incubator 'to promote inclusive innovation' g g g g g g g g g g g g g g g g g g g g g g g g g g g g g g g g g g g g g g g g g g g g g g g g g
- 17. june 2016 startup news page 17 of 22tiny.cc/newsmonthly Facebook trials social commerce payments in Thailand Report: Low tech skills a barrier to digital government in SEA region Visa, MasterCard may get access to $8.4tn Chinese card payment market Melbourne's Startup Week: 6 days of events this month Singapore's Jewel Paymentech hopes Wells Fargo accelerator will open US doors muru-D's Get Started: Tasmania, set for June 24th Unrest hacker conference set for Melbourne in July The rise of Australia & New Zealand community hacking conferences Melbourne, July: Tech Crash Course for Non-Tech Co-Founders Fintech Brisbane Startup Weekend event set for July Hyderabad-based edtech GreyCampus raises $1m angel funding Sydney's 3P Learning lands a Microsoft Education Partner of Year award Vietnam gaining notice as potential technology and startups hub KPMG & NASSCOM 10,000 Startups Report: Fintech in India Expected to Double India's ExtraaEdge edu-tech startup lands seed funding Travel search engine Skyscanner opens startup competition for SG's developers New Zealand POS startup Vend gets new CEO A look at why Vietnam's booming tech scene lures investors Malaysia: US$16M invested in StoreKing for ecommerce to India's rural areas Vietnam-focused Dragon Capital to float first fund on London Stock Exchange Vietnam: nat'l finance committee debates capital market development for startups Penta Bank, digital bank for SMEs, gearing up for launch in Germany India's TaleHunt aims to be the Twitter of very short stories Online fashion startup 6Degree raises $200K from Indian Angel Network A brief infographic providing an intro to the Internet Of Things (in pdf) Swirlds emerges from stealth with Blockchain alternative g g g g g g g g g g g g g g g g g g g g g g g g g g g g g g g g g g g g g g g g g g g
- 18. june 2016 startup news page 18 of 22 tiny.cc/newsdaily Ordermentum, Aus web-based F&B industry ordering & payments platform Survey: Despite unfamiliarity with angel investing in Malaysia, most hit goals Report: How Montreal moved to online voter registration Startup co-operatives aim to take on the Uber economy Salesforce creates $50m venture fund to invest in app developers Artesian Venture Partners' periodic table of Australia's startup ecosystem India's edtech startup Cuemath raises $4m Australia's Zero Latency virtual zombies head to Japan Why backing local tech startups is crucial for Australia's future Vietnam mulls setting up a stock exchange for startups Singapore Gov't builds blockchain system to protect banks from fraud Creative3 Pitch: connecting creative industry ventures with investors US President Barack Obama's conversation with Vietnam's entrepreneurs Asian Entrepreneurship Awards announces 6 finalists Melbourne event in June: How to find the right cofounder Indian media startup SillyMonks lands funding Former Barclays CEO sets up new fintech startup Startup News Asia, May summary online: pdf & Issuu Unicorn India aims for $15m for maiden fund's 2nd close by next month China: World's largest proximity mobile payments market Japan Aus Entrepreneurship Initiative: opportunities, partners, collaborators... Amazon India ties up with Storeking for offline push New Zealand Morning-After Maids startup clean up post-party mess Macquarie Group, Acorn Capital invest in Maestrano cloud application provider Grab aims to expand beyond transport to universe of services Taiwan promotes Taoyuan as Asian Silicon Valley at Computex Taipei g g g g g g g g g g g g g g g g g g g g g g g g g g g g g g g g g g g g g g g g g g g
- 19. june 2016 startup news page 19 of 22tiny.cc/newsmonthly India: Voonik fashion app's parent acquires 3 startups Australian real estate startup aims to cut middle-man agents out of the picture A quick look back at Hong Kong's recent RISE startup conference Thai fintechs to register with central bank to help establish regulatory framework Singapore's TinyMOS astrophotography camera hits crowdfund goal in hours India: wind turbine startup powers households for same cost as an iPhone Chinese consumers lead world in paying with mobile phones May 2016 Startup News Asia digest: online to offline Digital ad spending to surpass TV in 2017 India: seedstars Bangalore set for June 25th Blue Box co-founder buys India-based online incubation platform Startify Emirates NBD to launch UAE digital bank for millennials Manny Pacquiao invests in Singapore mobile game company Gtoken Philippines: iWantSeats lands funding to boost online bus bookings The IOT Show Asia 2016 set for September in Singapore Indonesia: BEKRAF, VCs team up to fund creative sectors Korea: seedstars Seoul set for June 16th TechforGood accelerator seeks Singaporean and Israeli social-tech startups Can data solve Singapore's parking woes? A look at the differences between Make In India and Startup India Hong Kong's second WeWork location will open in Wan Chai Why the UK's Government Digital Service banned mobile apps How Yansen Kamto plans to help Indonesia build 1000 startups by 2020 User experience dominates Fintech 2020 Sydney event Moka lands US$1.9M: Indonesian SMEs can now accept cashless payments Int'l lessons in designing & running a national innovation agency BTCC launches limited edition titanium physical Bitcoin CBInsights' Periodic Table of Food Tech startups g g g g g g g g g g g g g g g g g g g g g g g g g g g g g g g g g g g g g g g g g g g g g g g
- 20. june 2016 startup news page 20 of 22 tiny.cc/newsdaily 1 week to Echelon Asia Summit: 5000 digital professionals & entrepreneurs Rare Birds Conference, Sydney, June 8-9: Australian entrepreneurs & innovators India's fashion ecommerce platform CoutLoot lands funding Edugild accelerator signs MoU to support India's edtech startups Grush startup taps IBM Cloud to create gaming toothbrush Taiwanese startups seek their fortune at Computex Taipei IT expo Just 1 in 10 IoT devices has adequate security, warns research Has Indonesia's startup boom begun? $14bn investment predicted Meet Grokking, Vietnam's community for software engineers PayPal files Bitcoin payment patent Myanmar tech hub Phandeeyar lands $2m from repeat investor Unbanked populations: The missing links in the fintech ecosystem On WSJ: Asia innovating with new ways to generate revenue 5 of the most useful properties of Bitcoin SE Asia: '...arguably the fastest-growing internet market in the world' India: HealthQuad fund launched to invest in healthcare startups Singapore-based startups expand reach thru tie-ups with global names Entrepreneurs concerned Coalition, ALP still misunderstand startups Friday Beers delivery startup lands Shark Tank investment A look at the creation of TechSydney, Australia's tech supergroup On WSJ: What Is a Bank? The existential crisis facing banks in 2016 Microsoft unveils blockchain-based identity system 'There's too much groupthink in the tech ecosystem' Why gaze tracking startup Cogisen is looking closely at the Internet of Things Quantifying media attention to predict technology trends The most prolific investors in SE Asia in the last 5 quarters Queensland music streaming startup Guvera aims for ambitious IPO g g g g g g g g g g g g g g g g g g g g g g g g g g g g g g g g g g g g g g g g g g g g g g g g g g g
- 21. june 2016 startup news page 21 of 22tiny.cc/newsmonthly Japan's women rise in startup lists, often crowdsourcing for finance Australian online marketplace startup RangeMe gears up for growth Australian Pollinate Energy startup aidng India's poor 2 startups aim to enable Bitcoin purchasing at Australian newsstands Time for a rethink of the technology incubator model... Vietnam coconut drinks startup Hamona lands 6-digit funding Nucleus Software launches mobile lending solution mApply in Australia StartupAUS: $15m for startups not enough Australia's CSIRO to host Eighteen04 to foster clean tech startups Chinese VR firm forms $30m M&A fund to back content producers ZhenFund, China's biggest angel fund bets on young consumers boom 10 reasons why Cambodia deserves investor interest SE Asia fintech startups received $150m VC capital last year FinTech Australia appoints CEO Singapore's SPRING launches US$1.45Bn SME loan program Maybank mobile app launch hints at potential in Cambodia A look at Singapore's startup ecosystem growth over the last 5 years Singapore housing board to run Hackathon, seeks innovative living solutions Intel moves into fintech as PC sales slump Telstra, NAB open Proquo digital marketplace for small business Fintern Fever at Sydney's Stone & Chalk Hub lets students compete for internships Allianz launches digital innovation lab in Singapore Meet Timo, Vietnam's digital bank aimed at millenials Malaysia's Jirnexu eyes new market, aims for 2017 white-label launch 1337 Ventures Alpha Startups program to power Digi incub8 CapitalPitch VC raising new $10million startup fund g g g g g g g g g g g g g g g g g g g g g g g g g g g g g g g g g g g g g g g g g g g g
- 22. june 2016 startup news page 22 of 22 tiny.cc/newsdaily A look at Thinxtra, Australian IOT startup making serious moves Singapore's FinAccel aims to unlock ecommerce growth in Southeast Asia 7 of Thailand's 7 dtac accelerate startups land combined US$1.9M funding Standard Chartered takes mobile & online banking to 8 African countries Swedbank launches digital banking unit Wellth, digital health startup, lands $2million, led by AXA Strategic Ventures Indonesia: P2P lender Investree to raise funding from Kejora Silicon Valley's Jaunt VR startup enters China joint venture Westpac's Innovation Challenge opens for health tech startups Singapore to pilot social robots to teach kinders math & social skills Beijing plans 'Beijing Connect' predictive svcs for elderly SoGal Ventures founder, changing things for women entrepreneurs Visa Europe contactless transactions pass 3 billion mark g g g g g g g g g g g g g g g g g g g g g Young and hyper-connected While basic financial products and services have low penetration rates in Vietnam, with 20% in terms of bank accounts and 3% for credit card, Vietnam remains a highly attractive market for innova- tive financial services companies. This is mostly due to one particu- lar element: the country’s young and hyper-connected population. Vietnam ranks as the 7th country in terms of internet users and has mobile penetration of 24%, and smartphone penetration of 15%. More from Fintech News Singapore: Web: www.facebook.com/FintechVN/ Twitter: @FintechVN Email: ck@finanzpro.ch To keep up-to-date with Vietnam’s fintech scene and more: Meetup.com/Fintech-Vietnam-Meetup/ To continue reading the Fintech Vietnam Startup Report, scan the QR code.