Malaysian parking solutions startup JomParkir has secured Series A funding from South Korean venture capital firm TheVentures, while BigBrainBank, another Malaysian platform, which provides trading analytics and courses, has raised seed funds from angel investors.
Parking solutions startup JomParkir secures Series A funding
Malaysia’s smart parking solutions startup JomParkir has secured an undisclosed Series A funding from TheVentures, a South Korean global investor and incubator for early-stage startups.
As part of the strategic collaboration, JomParkir will leverage South Korean technology to be a vehicle-to-anything (V2X) tech company in Southeast Asia, news portal e27 reported on Thursday. “Our strategic partnership with TheVentures will enable us to enhance our systems and technology in an effort to lead the digitalisation of the parking industry in Southeast Asia,” CEO Muhamad Nasir Habizar told the website.
The funding would enable the firm to build the first vehicle data exchange in Southeast Asia, while spearheading the parking industry’s transition to smart city concepts, bringing value to all stakeholders, particularly the state and local councils, Habizar added.
Founded in 2017, JomParkir provides a range of smart parking solutions including a parking app, which provides cashless payment options for on-street and off-street parking, a mobile app for valet parking operators, and an e-parking ticketing system, among other things.
TheVentures primarily invests in seed or pre-series A stage startups. Its current investment focus is “impact investing” focusing on opportunities in Asia-Pacific.
BigBrainBank raises seed funding from angel investors
Malaysia-based trading analytics and financial education startup BigBrainBank said on Wednesday that it has raised a “seven-figure” (in US dollars) seed funding from unnamed angel investors.
Moving forward, BigBrainBank expects to draw in 100,000 more subscribers by the year-end, news portal e27 reported on Wednesday. “Our goal is to raise the standard of people’s living through financial tools and education. We believe BBB will not only allow people to make better investment decisions, but also allow them to gain all the necessary support they need,” BigBrainBank founder Brendon Yong was quoted as saying.
In 2021, BigBrainBank intends to expand into new markets in the Philippines and Hong Kong, and thereafter to the rest of Asia, according to the report.
Currently, most of its subscribers are from Malaysia, with 20 per cent from Singapore, Indonesia, Thailand, Taiwan, and Dubai.
BigBrainBank offers a complete depository of artificial intelligence-driven analytics and financial education.