Mars Development Capital invests US$4M in American SaaS startup Hiver
Story: California-based SaaS platform Hiver has raised US$4M in debt financing from Singapore’s Mars Development Capital.
What the funds will likely be used for: Growth of gross sales and advertising efforts to extend buyer base and double revenues in 2021 and 2022
About Hiver: Based in 2011, Hiver is a Gmail-based customer support answer created for companies that use Google Workspace t0 handle on a regular basis operations like e-mail, calendar, and Google Drive.
It provides options like e-mail project, monitoring, automation, analytics, and SLAs (service degree settlement) for corporations to assist them collaborate a lot simply from inside the Gmail platform itself.
The startup claims to have greater than than 1,500 corporations from over 30 international locations on its platform, together with Vacasa, Upwork, AppsFlyer, Flexport, Harvard College and Kiwi.com.
Additionally Learn: TRIVE Ventures launches US$2M enterprise philanthropy fund to assist cash-strapped founders in Singapore
About Mars Development Capital: A three way partnership between Mitsubishi UFJ Monetary Group and Liquidity Capital, Mars Development Capital appears to offer debt amenities to fast-growing startups within the Asia Pacific area. It tends to steer principally in direction of e-commerce and SaaS verticals.
Revolut launches new characteristic to assist youngsters make higher monetary choices
Story: Revolut, a world fintech platform headquartered within the UK, has introduced the launch of Revolut Junior on its platform.
What’s Revolut Jr.: A characteristic that may enable dad and mom to create a Junior account for his or her youngsters utilizing their private Revolut app.
Dad and mom can ship cash to their youngsters’s account and get immediate spending alerts for his or her on-line and bodily in-store funds.
Additionally Learn: Revolut arrives in Singapore after a 12 months of beta testing, offering extra abroad cash switch possibility
In response to a press assertion, roughly 10,000 Junior accounts are being created every week globally.
“Digital know-how utilization is prevalent amongst younger youngsters and teenagers who’re extraordinarily know-how savvy. At Visa, we imagine the significance of teaching youths on cash administration abilities and digital cost utilization ranging from a younger age and parental steering is essential,” stated Kunal Chatterjee, Visa Nation Supervisor for Singapore and Brunei.
‘Filipinos are the very best shoppers of social media on this planet’
The story: In response to a report collectively launched by We Are Social and Hootsuite, the Philippines holds onto its file for probably the most time spent on social media (4 hours quarter-hour) and the web (10 hours 56 minutes) by web customers aged 16-64 globally.
Different key findings: Thailand and Malaysia are within the prime 10 international locations for shopper on-line buying and Singaporeans are the world’s most prolific QR code customers (79 per cent).
Extra in regards to the story: Christina Chong, managing director, Singapore at We Are Social, commented: “Yearly, Southeast Asia demonstrates a thriving digital panorama. Folks listed below are among the most digitally savvy on this planet. It’s extra essential than ever that manufacturers perceive tips on how to join culturally related methods with on-line audiences.”
The report additionally outlines the expanded use of social media and the rising recognition of messaging platforms.
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Picture Credit score: Revolut
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