Asia Digest: Malaysian startups JomParkir, BigBrainBank raise funds

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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.

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.