Hong Kong fintech firm gini bags $1.6m from Vectr Ventures, others

Hong Kong-based personal finance app gini has secured a seed funding round of $1.6 million from Vectr Ventures as well as international institutions.

The company said it will use the proceeds for a global roll-out plan to make gini compatible with more than 3,000 overseas banks in 60 countries by the second half this year.

The platform has already worked with over 60 banks across Hong Kong, France, Switzerland and the UK.

This expansion plan is in partnership with Salt Edge, a global financial data aggregation provider.

The gini app allows users to bring their accounts and credit cards in one place, and handle their personal finances. With its soft launch in March 2018, it had garnered more than 20,000 users in Hong Kong and handled over HK$6 billion ($764.7 million) in transactions as of the end of 2018.

“We live in a globalised world. Ultimately, our goal is to build a truly worldwide financial marketplace, to service not just a user’s home market but make managing money across markets accessible and easy for anyone. This new seed round allows us to start making that vision a reality,” said gini’s CEO Raymond Wyand.

Hong Kong-based Vectr Ventures typically invests in Seed to Series A stage globally. Its focus themes are consumer technology, smart hardware, digital media, biotech and artificial intelligence.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.