Helen Neo, co-founder of Genie Financial Services

Carro launches “green car financing” to help Singaporeans switch to hybrid, EV cars

The story: Genie Financial Services, a subsidiary of Carro, Southeast Asia’s automotive marketplace unicorn, today announced the launch of GoGreen.

The purpose: GoGreen helps private hire vehicle (PHV) drivers switch to hybrid or electric vehicles (EVs).

More about the story: PHV drivers who intending to purchase a new or used hybrid car or EV can apply for financing from Genie under the GoGreen initiative to receive an interest rate of 1.98 per cent per annum for up to 100 months.

“PHV drivers spend much more time on the road compared to usual car users, but ‘going green’ is a challenge for them as they often find it difficult to obtain environmentally friendly car financing from traditional institutions. Thus, GoGreen was designed to support their transition to greener vehicles and include them as part of the larger sustainability equation,” says Helen Neo, co-founder of Genie Financial Services.

Drivers can apply for this via the Genie website.

NEXEA partners AWS, MaGIC to accelerate Malaysian startups

The story: NEXEA has announced a partnership with leading players of the startup ecosystem to guide early-stage Malay tech companies with exponential growth.

Who the partners are: Malaysian Global Innovation & Creativity Centre (MaGIC), MBAN, AWS, Cyberview, and MDEC. 

What startups will receive: Up to US$12043 in investment, potential grants, support, and other incentives. 

More about the story: With regards to partnering with the startup ecosystem on the programme, NEXEA Managing Partner Ben Lim said: “NEXEA has decided to partner with top ecosystem players because each ecosystem player brings unique benefits and programmes to support startups – and together, we can help grow the next unicorns for Malaysia.”

Also Read: Roundup: NEXEA, MDEC launch programme to help Malaysian firms explore biz opportunities

The corporate accelerator 2021 applications are open until 31 July 2021.

About NEXEA: A Malaysia-based venture capital firm-cum-accelerator that invests in tech startups. Since its inception, NEXEA has invested in over 35 startups including  Lapasar, WeStyleAsia, and more

Grab partners WeWork to provide business clients with incentives

The story: Grab has partnered with co-working space WeWork to provide one-month free access and discounted membership of up to 25 per cent to selected Grab for Business clients.

More about the story: With the pass, Grab for Business clients will be able to access WeWork’s locations across Singapore, Thailand, Vietnam, and the Philippines, where they can enjoy fully-equipped workspaces,  conference rooms, and meeting rooms.

Members will also gain access to a network of business services to help them grow, reduced capital expenses, and business-class amenities to enhance their work experience.

Neo banking market in SEA to grow by 50 per cent

The story: Analysts of UnaFinancial have revealed that the neo banking market in 2021 will grow by 24 per cent in APAC, and by 50 per cent in Southeast Asia.

The reason: The lockdown restrictions and remote work was a major factor that led to the increase.

Other key findings: Funding of neo banks in APAC countries in 2020 increased by 22.8 per cent, development of neo banks will be led by Indonesia, Singapore, Malaysia, and the Philippines, while in South Asia the leading country will be India.

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Image Credit: Carro

The post In brief: Carro’s green car financing for hybrid, EVs; Grab-WeWork partnership appeared first on e27.

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