Beenext joins Indian fintech startup YAP’s US$10M round
Other investors: Flourish Ventures and Omidyar Network India (co-leads), 8i Ventures, DMI Group (The Sparkle Fund), Better Capital.
What it intends to do with the funding: To expand across Bangladesh, Saudi Arabia, Oman, Egypt, Vietnam and Indonesia.
About YAP: Founded in 2015, YAP is a fintech infrastructure provider that enables businesses and platforms to offer their own branded financial services while ensuring regulatory compliance.
As of now, YAP’s infrastructure serves companies in India, Nepal, the UAE, Australia, New Zealand and the Philippines.
Tan Hooi Ling joins fintech firm Wise’s board
The story: London-headquartered Wise has also named Clare Gilmartin, former CEO of Trainline, as a director-designate.
Also Read: Ecosystem Roundup: ByteDance game plan, and does AirAsia foray into food delivery even make sense?
More about the story: Wise will also be expanding its Singapore office and aims to hire over 70 people in expansion, engineering, product and operations roles.
New partnership to support Singapore’s halal startup ecosystem
The story: The Halal Angels Network has partnered with HalalNexus Singapore to support local firms and government to boost the halal startup ecosystem in the region, according to Singapore Business Review.
How it will help: By investing in the government’s startup initiatives and market opportunities in the halal consumer market, including B2C and B2B.
According to HalalNexufs founder Sulaiman Harun: “Halal Angels Network’s focus on halal startups and entrepreneurship will make it easy for us to connect and leverage with other like-minded startups, entrepreneurs and investors. Furthermore, as Singapore is poised to capitalise on the over US$2 trillion halal market size in the Asia-Pacific region, it represents a huge opportunity for halal startups here.”
SK Group kickstarts fellowship programme to support early-stage Vietnamese startups
How will it benefit: This is the second edition of the SK Startup Fellowship Programme. It will provide startups with financial grants (non-equity funds) and up to US$50,000 in funding.
Non-financial support includes a course on financial management from KPMG, training in investor pitching from the Business Startup Support Centre, one-on-one mentoring, workshops with Vietnamese businesses, and networking activities within the startup ecosystem.
Selection criteria: Vietnamese startups who have raised less than US$3 million in funding. Priority is given to tech startups solving social issues.
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Image Credit: Grab
The post In brief: Beenext backs Indian startup YAP, Grab co-founder joins Wise board appeared first on e27.
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