Singapore Digest: hoolah raises seed round; Temasek Foundation grant for fintech learning

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hoolah, a Singapore-based fintech company, has raised a seven-digit dollar seed investment led by AccelerAsia Ventures and Aletra Capital Partners while Singapore’s Temasek Foundation International has committed a $380,000 grant for a tripartite partnership to promote fintech learning.

Singapore fintech startup hoolah raises seven-digit seed round

Singapore-based hoolah, that allows customers to make purchases online on zero interest installments, has raised a seven-digit seed round led by AccelerAsia Ventures and Aletra Capital Partners. The round was joined by iGlobe Partners from Singapore.

hoolah launched its commercial operations in Singapore in February 2018, focusing on online merchants in the retail, travel and airline verticals.

The proceeds of the financing will be used to scale up the team, enhance its core technology solution and merchant base. “We will be expanding quickly across Asia into markets such as Malaysia, Thailand and Hong Kong. We will also be investing in building out our in-store technology to deliver a similar shopping experience for in-store customers too,” said Stuart Thornton, CEO of hoolah.

The startup has also got on board Arvin Singh, former director of new channels & Asia Pacific fintech engagement of Visa, as COO and co-founder.

Temasek Foundation commits $380k grant for fintech partnership 

Singapore’s Temasek Foundation International (TF Intl) has committed a grant of S$523,000 ($380,000) for a fintech learning programme aimed at higher education providers in Indonesia.

The learning programme is a collaboration between TF Intl, Ngee Ann Polytechnic and the Ministry of Research, Technology and Higher Education (MoRTHE), Indonesia.

As part of the pact, 180 academic experts from Indonesian tertiary institutions will work towards developing a fintech curriculum and capability.

“We hope to develop lecturers with high performance and good understanding of fintech to supply talent who can compete in the industry’s 4.0 era,” said Dr. Ir. Paristiyanti Nurwardani, MoRTHE’s director of learning.

The programme aims to cover over 4,000 higher education institutions in Indonesia. Institutions like Institute Teknologi Bandung (ITB), Politeknik Negeri Jakarta (PNJ), Universitas Indonesia (UI) and Universitas Pendidikan Indonesia (UPI) have confirmed to take part in the first course of the programme.

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