Startup Digest: GetCraft appoints CTO for SE Asia; Frontierpay launches HQ in SG

Darmwan Zaini, CTO GetCraft

Indonesian content network platform GetCraft has named Darmawan Zaini as its CTO for Southeast Asia while foreign exchange and international payments firm Frontierpay has officially opened its Asia headquarters in Singapore.

GetCraft appoints CTO for Southeast Asia

Indonesian content network platform GetCraft has named Darmawan Zaini as its Chief Technology Officer (CTO) to lead the company’s technology and innovation efforts to further scale up its services in the Southeast Asia region.

Based in Jakarta, Darmawan will take over the company’s technology research and development strategy as it looks to enhance its platform amid scheduled expansion to Vietnam and Thailand.

Darmawan was most recently Chief Technology and Product Officer at UangTeman. He has also worked for Happy5 and Samsung R&D Institute Indonesia.

In early 2017, GetCraft raised a seed round of funding from 500 Startups & Indonesia’s Convergence Ventures to up its technology and development expansion.

It is now in talks with potential investors to raise more than $5 million in a Series A funding round, which it expects to close in the last quarter of this year.

Frontierpay launches Asia HQ in Singapore

Foreign exchange and international payments firm Frontierpay has officially opened its Asia headquarters in Singapore’s central business district as part of its international expansion plan.

According to Frontierpay’s announcement, its rapid growth within the Asian markets made Singapore a natural choice to establish operations.

The Singapore office, currently occupied by an initial team of five people, is expected to grow to 50 staff in the next three years.

The team will focus on assisting customers with their foreign exchange needs, this includes supporting existing clients in the region, hedging solutions to new clients, growing treasury and mass payment.

Frontierpay, which is said to be a specialist provider of international payments, foreign exchange, and core-treasury functions, also said it will expand operations in the Middle East, Africa and North America.

Also Read:

Indonesia: 500 Startups-backed GetCRAFT in talks to raise $5m Series A by year-end

SG-based payment firm SpherePay announces $10m fundraise for SEA expansion