Genetica baggage US$2.5M pre-Collection A from Silicon Valley angels
Traders: Notable Silicon Valley angel traders Dave Strohm (life-long Companion of Greylock Companions), Craig Sherman (early investor of Fb and Salesforce) and Man Miasnik (Co-founder of Athoc that was later acquired by BlackBerry in 2015 on the valuation of US$300 million) participated.
What’s going to the funding be used for: The contemporary financing will help growth plans inside Southeast Asia. Genetica presently has workplaces in Singapore and Vietnam (Hanoi and Ho Chi Minh Metropolis).
About Genetica: Primarily based in San Francisco, Genetica supplies low-cost gene take a look at options that decode genes to supply its customers with personalised experiences on optimum plans for health and food plan; kids growth and significant sickness prevention.
Malaysian digital insurance coverage platform Ouch! raises US$365k in pre-seed funding
Traders: Vynn Capital and Temokin joined a lot of angel traders within the funding spherical.
What’s going to the funding be used for: The contemporary funds will go in the direction of product and enterprise growth efforts. Ouch! added it would enhance its platform and repair for customers by rolling out options and upgrades throughout the yr. The corporate can also be planning to boost pre-Collection A funding later this yr.
Additionally Learn: Why a sturdy digital insurance coverage distribution system is the longer term in APAC
About Ouch!: Launched in 2019, the Malaysian insurtech firm focuses on addressing the insurance coverage wants of the youthful technology. Ouch! claims its platform can educate customers about their protection and dangers, and permit them to buy and handle digital insurance coverage merchandise.
ConvertCASH launches “We Pay for You First” as a Service platform
The platform: The service permits customers to pay month-to-month automotive and residential instalments as much as 45 days with none curiosity. Launched in November 2020 to assist customers with money circulate points in dealing with their month-to-month instalments, convertCASH is concentrating on to succeed in a million registered automotive customers in Malaysia and 200 million registered automotive customers globally.
About ConvertCASH: Headquartered in Singapore, ConvertCASH claims it’s Asia’s first “Installment Cost Extension as a Service” platform. It’s current throughout Malaysia, Indonesia, Australia and the ASEAN area, with plans to develop to Hong Kong, Thailand, Vietnam and the Philippines within the second quarter of the yr and to Japan, Korea, China in 2022.
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