Singapore-based Multi-Currency E-Wallet Platform Raised USD 25.5M In Pre-Series A

  • YouTrip is Singapore’s first multi-currency mobile wallet with a prepaid Mastercard® that offers zero transaction fees across 150+ currencies at wholesale exchange rates
  • US$25.5m raised from major Asian family offices and venture capital firm Insignia Ventures Partners, the largest pre-Series A fintech funding round in Southeast Asia
  • Over 200,000 downloads and 1 million transactions processed 10 months since launch
  • Funding will drive development of YouTrip’s technical payment infrastructure, launch of new product features and its regional expansion plans in Southeast Asia 

SINGAPORE – Media OutReach – 16 May 2019 – YouTrip, Singapore’s first multi-currency mobile wallet with a prepaid Mastercard ®, has successfully raised US$25.5m in a pre-Series A fundraised. Participating investors include major Asian family offices and venture capital firm Insignia Ventures Partners, founded by ex-Sequoia Partner Yinglan Tan. This marks the largest pre-Series A funding round for a fintech startup operating in Southeast Asia.

YouTrip co-founders, Arthur Mak and Caecilia Chu

Launched in August 2018, YouTrip is a multi-currency mobile wallet s pecially designed with travellers in mind, allow ing users to pay in over 150 currencies with no hidden fees and at wholesale exchange rates . The mobile app also allows for the exchange and storage of 10 selected currencies in advance through the in-app exchange feature. The YouTrip mobile application works with a linked pre-paid Mastercard ® — issued by EZ-Link — and can be used to make payments at more than 30 million Mastercard accepting merchants worldwide.

Fuelled by growing purchasing power and more affordable travel options , Southeast Asia’s population of over 650 million people represents one of the largest and fastest growing outbound travellers market globally – it is expected to total US$80 billion in outbound travel expenditure by 2020, up from US$67 billion in 2018 or a 10% CAGR. Singapore is the biggest contributor to this region, with Singaporeans being one of the most frequent travellers and biggest travel spenders globally.

Caecilia Chu, co- f ounder and CEO of YouTrip said, “As a frequent traveller, I was surprised with how much banks mark up on overseas transactions – this was among the many reasons why I started YouTrip with Arthur Mak, who is also Chairman of YouTrip . As the regional travel industry continues to post robust growth, YouTrip recognises the pain points of travellers and equally, the immense opportunity to better serve their financial needs. We are dedicated to creating the best mobile financial services for travellers by simplifying overseas spending and creating a fuss-free travel experience.”

Pachara Lawjindakul, Principal at Insignia Ventures Partners added, “The fintech space in Southeast Asia is developing at a relentless pace to meet evolving consumer expectations and the travel industry represents an immense untapped market at the intersection of this growth. YouTrip is led by an experienced team of founders and executive team who are perfectly positioned to capitalise on this opportunity. The success of the initial launch in Singapore provides a great foundation to develop a strong roadmap for growing the multi-currency and cross-border payments ecosystem in Southeast Asia.”

Bank-issued credit and debit cards typically carry an overseas transaction fee that can be as high as 3.5%. O verseas purchases made with credit cards also usually entail a Dynamic Currency Conversion markup, sometimes going as high as 5% or more. YouTrip does not charge any overseas transaction fees nor markup on foreign exchange conversion .  

With the injection of funds, YouTrip is looking to invest heavily in technology innovation to further develop its technical payment infrastructure and roll out new product features. Having established a foothold in Singapore, it has also set its sights on further expansion in Southeast Asia and developing localised solutions for the region’s growing class of travellers.

Since its launch in August 2018, the YouTrip mobile application has achieved over 20 0,000 downloads, processed over 1 million transactions, and has grown its team to 70 people in Singapore and Hong Kong. Users may sign up for a YouTrip account by downloading its app from the App Store or Google Play. No minimum account balance is required and registration is free. Any credit or debit card c an be used to top up the e-wallet, which has a maximum stored value of S$3,000. All registered users receive a physical prepaid Mastercard, free of charge.

New Appointment of Managing Director for Epson Singapore and country manager for Epson Thailand and Epson Philippines

SINGAPORE, May 2019 Mr. Ando Munenori has been appointed as the new Managing Director of Epson Singapore overseeing Southeast Asia region, and concurrently country manager for Epson Thailand and Epson Philippines. He is also concurrently holding the role of Executive Officer at Seiko Epson Corporation (herein referred to as SEC) Epson’s global headquarters in Japan.


Mr. Ando Munenori. Source: Epson Singapore

He is taking over from Mr. Tanaka Toshimitsu, who will be returning to a senior role in Sales Planning & Marcom Department in SEC.

Mr. Ando was Head of SEC’s Sales & Marketing Division, where he was responsible for developing the sales infrastructure and strategy for all of Epson’s products globally.

He has held multiple leadership positions in Asia and internationally, and brings a depth of understanding of the region and decades of management experience to his role. He took on the leadership role as President of Epson China from 2014 to 2017, where he led with Epson’s “technology plus localisation” strategy, growing the business and increasing the company’s share in key markets including printers, projectors and robotics.

From 2003 to 2008, Mr. Ando was assigned to the Southeast Asia regional headquarters in Singapore, where he was in charge of market development for Epson’s printers and other information-related products.

Mr. Ando has also led the POS printer business in Europe from 1994 to 1998, where during which he successfully grew the POS printer business through the introduction of new technologies to bring the company to the No. 1 position.

Samsung Introduces 3 New Wearables & New Samsung Pay Loyalty Programme at Galaxy Studio, Singapore

Singapore – 8 September 2017 – Samsung Electronics Singapore today debuted a series of exciting new announcements at the preview of Galaxy Studio at The Plaza, VivoCity. Three new devices to its industry-leading wearables line – the Gear Sport, the Gear Fit2 Pro and the Gear IconX were introduced at the preview. In addition, Samsung also announced Samsung Rewards, a new loyalty programme for Samsung Pay, its flagship mobile payment service.

 

 

Enhanced Gear Wearables to Keep Consumers Moving

Designed to help consumers get the most out of their day and help them live a healthy and wellbalanced lifestyle, these latest innovations in Samsung’s Gear portfolio have a wide range of features that provide users with the optimal experience on a range of activities – from robust fitness tracking to nutrition and sleep monitoring1, as well as motivational coaching as a lifestyle companion. The new line-up of wearables is equipped with new smart capabilities and easy-to-use features, and is also supported by partnerships with leading names in tech and fitness.

The Gear Sport is a sleek and versatile fitness-focused smartwatch that is water resistant; the Gear Fit2 Pro smartwatch is an enhanced GPS sports band integrated with smart features; and the Gear IconX is the second generation of Samsung’s groundbreaking cord-free earbuds. New capabilities have also been introduced for the Gear Sport and Gear Fit2 Pro, demonstrating Samsung’s continued expansion in the fitness wearable category.

 

  • Industry-Leading Water Resistance and Swim Tracking: An ideal companion for any swim – from laps to playing in the pool – the Gear Sport and Gear Fit2 Pro are both 5 ATM2 certified for water resistance. With Speedo’s latest swimming training app, Speedo On, both devices also allow users to easily track key swim metrics including lap count, lap time, setting swim times and distance targets, and more.  

 

  • Top-of-the-line Heart Rate Monitoring: With improved accuracy, both devices offer advanced real-time heart rate monitoring, where users can continuously monitor their heart activity – when enjoying a stress-free nap, or an invigorating cycling class.

 

  • Premium Partnerships: The Gear Sport and Gear Fit2 Pro comes complemented with Under Armour and Spotify partnerships. Users can access Under Armour’s fitness apps, including Under Armour RecordTM, MyFitness Pal®, MapMyRun® and Endomondo™, where they can be provided with a holistic overview of their health and fitness, through the apps’ activity, nutrition, sleep and fitness tracking functions. With Spotify’s Offline mode, users can also listen to their favourite music offline or even without their smartphone, and enjoy their favourite tunes regardless of where they are.  

 

  • Auto Activity Detection: Both devices are both built-in with automatic activity detection that are tuned with and able to recognise users’ activities, including walking, running, cycling and even dancing and playing basketball.

 

  • Personalized Motivation: Gear Sport and Gear Fit2 Pro users can customise their own wellness plan with tailored goals and alerts on both devices.

 

  • Payments On the Go: The Gear Sport also features Samsung Pay, making payments accessible on users’ wrists, where they will be able to make payments on the go, even while on a run!

Local Pricing and Availability 

The Gear Sport, Gear Fit2 Pro and Gear IconX will be available from Q4 2017.

 

 

Samsung Rewards for Samsung Pay

Samsung today also announced the launch of Samsung Rewards for Samsung Pay, the secure and easy-to-use mobile payment service that can be used to make purchases almost anywhere10 in Singapore. The first to launch in the Southeast Asia region, the launch of the new loyalty programme for the company’s flagship mobile payment service in the country follows its initial roll-out in U.S. and South Korea, in November 2016 and March 2017 respectively. In appreciation of the positive uptake of the mobile payment service by consumers, Samsung Rewards aims to provide Samsung Pay users with a more rewarding payment experience when making their purchases.

 

Samsung Rewards is a tiered loyalty programme specially curated for Samsung Pay users, where consumers can earn points from their transactions, which can then be redeemed for additional rewards in the form of gift vouchers from participating merchants or used to participate in the in-app games such as Spin-the-Wheel or Flip-a-Card for additional instant wins. Consisting of three loyalty tiers – Gold, Silver and Bronze – users can level up across the tiers after meeting a target number of transactions. With each level up achieved in the Samsung Rewards programme, users can get to earn more points per transaction, reaping additional rewards in return.

Samsung Rewards will be available on Samsung Pay from 15 September 2017, which is accepted at the vast majority of merchants in Singapore. Consumers may also try out the mobile payment service at the Samsung Pay Café, which will be exclusively showcased at Galaxy Studio from 9 September to 29 October 2017, 11am to 9pm daily.

Fifteen Prominent Singaporean Entrepreneurs Recognised at Asia Pacific Entrepreneurship Awards 2017, (APEA)

Singapore, 18th August 2017: The Asia Pacific Entrepreneurship Award 2017 honoured fifteen prominent entrepreneurs and business leaders from Singapore in a grand gala dinner at Sands Expo & Convention Center, Singapore.

The Asia Pacific Entrepreneurship Awards, better known as APEA, is a regional recognition program organized by Enterprise Asia, the region’s foremost association and think-tank for entrepreneurship. The Awards are presented to a handful of entrepreneurs across Asia Pacific each year, with award ceremonies held in thirteen countries every year.

The Awards is often compared to the Olympics for the stringent entry criteria and highly competitive judging parameters. The nomination is by-invitation only with each nominee subjected to a rigorous judging process, including financial verification by an appointed audit firm and mandatory physical site audit and interview, culminating in a confidential balloting process by Enterprise Asia’s committee. This year, the award received close to eighty nominees from Singapore and fifteen winners across ten industry categories were selected.

RECIPIENT LIST OF ASIA PACIFIC ENTREPRENEURSHIP AWARDS 2017 SINGAPORE

 

Special Category – Lifetime Achievement Award

 

Mr Kwek Leng Beng, Executive Chairman of Hong Leong Group

 

 

Entrepreneur of The Year

 

for Electrical & Electronics Industry

 

Mr Albert Phuay, Founder & Chairman of Excelpoint Technology Ltd

 

 

for Trading & Wholesaling Industry

 

Mr Cheam Hing Lee, CEO of Rhodium Resources Pte Ltd

 

 

APEA Winners 2017 Singapore

 

Mr Scott D Smith, CEO of Beyonics International Pte Ltd

Dr Terence O’Çonnor, Group CEO of Courts Asia Ltd

Mr Ronald Goh Wee Huat, Managing Director of Electronics & Engineering Pte Ltd

Ms Danielle Warner, Founder & CEO of Expat Insurance Pte Ltd

Mr Ori Leshem, CEO of Genesis Retail Pte Ltd

Mr Adam Simkins, Director of Getz Bros. & CO. (Singapore) Pte Ltd

Mr David Kim, Managing Director SEA -ANZ of Tmax Singapore Pte Ltd

Ms Chin Wei Jia, Group CEO of Health Management International Ltd

Mr Low Cheong Kee, Managing Director & Founder of Home-Fix D.I.Y Pte Ltd

Mr Suneet Goenka, Founder &  Group Managing Director of Red Apple Travel (S) Pvt. Ltd

Mr Tan Poo Seng, Founder & Managing Director of TopZone E&C Pte. Ltd

Ms Doris Wee Hui Cheen, Director of Wendell Trading Company

Event – Liberty Insurance Features Singapore’s Top Swimmers as Their Brand Ambassador

Liberty Insurance, one of Singapore’s top 10 general insurers, unveiled a national branding campaign featuring one of Singapore’s top swimmers, Quah Zheng Wen. These ads will appear in print and out of home with the tagline ‘Embracing Simple Joys’. The national branding campaign showcases Zheng Wen as he prepares for the Games in Rio de Janeiro, Brazil this year.

Zheng Wen is one of Singapore’s most promising young athletes, after winning 12 medals at the 2015 Southeast Asian Games. Armed with the support of his coach, family and friends, he will be competing in the Rio de Janeiro Games this August, the second in his illustrious career. With Zheng Wen’s talent, he is the face of Liberty Insurance as the insurance company makes its first major splash into the public’s consciousness.

Says Chang Sucheng, Chief Executive Officer of Liberty Insurance Singapore, “Through determination, discipline and hard work, Zheng Wen has shown that our local athletes can compete on the global stage. Despite his intensive training schedule, he still finds time to enjoy the simple joys in life. We are proud to be partnering with Zheng Wen to inspire future generations of athletes to pursue their dreams, as well as to rally Singaporeans to cheer on Team Singapore during the Rio Games.”

Says Zheng Wen, “Like everyone else, I’m in the midst of chasing my dreams. This means facing challenges and sacrifices, which makes me treasure the simple moments with my loved ones greatly. I am humbled and honored to be Liberty Insurance’s partner in this national brand campaign.”

Jose Raymond, Vice President for Finance of Singapore Swimming Association says “Zheng Wen is an athlete with immense potential. Poised for global success, he is a great role model, and will be an outstanding brand ambassador for Liberty Insurance. The Singapore Swimming Association will continue to provide additional exposure for our athletes, giving them a better understanding of their own commercial value and allowing them to gain further recognition.”

The campaign tagline was conceptualised to show that the company is focused on helping its customers remove complexity and confusion that is usually associated with insurance. By making life simple for its customers, Liberty Insurance seeks to enable more Singaporeans to spend quality time with their family and loved ones, and, in doing so, embrace the simple joys in life.

Press Release – KFit, backed by Sequoia Capital India and 500 Startups, Raised USD 12M in Series A

  • Funding will support KFit’s expansion as the fastest growing mobile fitness-sharing platform
  • Mobile app offers hyper-local discovery and easy, same-day reservations of thousands of activities each day
  • In six months, 250,000 fitness activities reserved across 4,500 gyms and fitness studios in Asia Pacific, over 75,000 activities to choose from KFit every week

KFit, Asia Pacific’s leading mobile fitness-sharing platform to discover and reserve fitness activities, today announced a US$ 12 million Series A investment round led by Venturra Capital, with participation from SIG and Axiata Digital Innovation Fund. Earlier investors, including Sequoia Capital India and 500 Startups, also participated.

KFit partners with studios and gyms, aggregating the supply of over 300,000 different activities every month. It then offers this wide selection to customers in one single, easy-to-use mobile app.

The new funding will enable KFit to expand in the region and invest in the technology, operations and marketing to further solidify its leading position in the Asia Pacific region. Their expansion will go beyond just fitness, with upcoming new categories, activities, and pricing models to be added this year.

The Series A round follows seed funding of US$ 3.25 million in July 2015 and pre-seed funding in April 2015. Since then, business has expanded at an accelerated rate with the number of active customers jumping 400%. In the last six months alone, KFit members have reserved over 250,000 reservations. A reservation is made every minute and customer ratings of KFit activities are at record high of 4.5/5 based on 10,000 reviews and 1.5 million ratings.

In the past six months, KFit has launched in Seoul, Taipei, Manila, Auckland and Perth, expanding its reach to 10 cities across the Asia Pacific region. The number of gyms and studios has surged five times to 5,000, with most of the notable gyms and fitness studios on board in each city.

Its hyper-local approach has flourished in areas with high population density and quality facilities. “At KFit, we’ve seen first-hand that staying active makes people happier and healthier. Our goal is to make it simple to build fitness and wellness into everyday life,” said Joel Neoh, Founder of KFit. “The next phase of our expansion will see us bring even more exciting partners onto the platform, helping us transform our customers’ health and lifestyle as they discover and enjoy great offline experiences across the Asia Pacific region”, he said.

Working out should be an easy, fun and social experience. To enable that, the KFit team has been iterating fast around its technology to create the ultimate personalized and social fitness-sharing experience. New features (see call-out box) have resulted in a 4.4 rating across Google Play and App Store.

With the KFit platform, partnering gyms and studios can promote their brands and fill classes, making it simpler than ever to generate incremental revenue for their businesses. Stefan Jung at Venturra Capital said, “KFit created an enormous opportunity for gyms and studios to market their businesses to an engaged and active consumer base. They have truly redefined the fitness paradigm in Asia Pacific, by helping gyms and studios attract demand in a way that is affordable for members and sustainable for the businesses.”

KFit is recognizing and addressing the pain points in the large health, wellness and fitness industry. Pieter Kemps, on behalf of Sequoia Capital India, said, “Joel and the KFit team have executed extremely well in the last year and quickly emerged as the leading fitness platform for consumers in Asia Pacific. We continue to believe this segment has a big consumer pain point and traditional models of accessing fitness services and infrastructure can be improved upon using hyper-local discovery, demand-matching and on-demand scheduling. We are excited about the impact KFit can have on the fitness and wellness industry.”

Innovation and Product Features:

  • Hyper-local discovery — ‘Wow, so many things to do in the city!’
  • Deep personalization — ‘Design your own unique fitness routine, curating from 1,000s of the best classes across multiple fitness services’
  • Advanced implementation of iOS Spotlight search — ‘Finding, reserving, and exercising is just a tap away’
  • Same day reservation — ‘Use that empty slot in your calendar today to work out. Just reserve and go!’
  • Socially integrated offline check-in — ‘Check in to the fitness centre or gym easily, on the spot’
  • Share with friends via Facebook, WhatsApp, E-mail — ‘KFit is always better with friends

source: Media Outreach

Press Release – Olympus announces the New PEN-F Camera for the photo-enthusiast

PEN-F-SLV Camera
PEN-F-SLV Camera

The PEN-F is the first Olympus camera to have a Monochrome and Colour Profile Control feature, easily accessible through a front-facing Creative Dial, for users to simulate the appearance of classic colour and black and white film. With a 20 Megapixel Live MOS sensor to ensure excellent image quality, the PEN-F is truly a masterpiece of design and imaging technology.

Feature Highlights

  1. Classic design styling with ‘masterpiece’ craftsmanship and finish quality
  2. New 20 megapixel Live MOS sensor
  3. 5-axis VCM Image Stabilisation (in-built) with up to 5 EV*1 stability
  4. New Creative Dial allows quick access to: – (a) Monochrome Profile – simulate B&W films (b) Colour Profile – simulates characteristics of classic colour films (c) Art Filter (d )Colour Creator
  1. New High-res Shot captures 50MP JPEG or 80MP RAW shots
  2. Shortest shutter release lag*2 in the compact system camera class of 44ms
  3. 2.36M dot OLED electronic viewfinder with aspherical optics for ultra-low viewing distortion (100% view; 0.62x magnification)
  4. Swivel 3.0 inch Touchscreen LCD with 1037k dots
  5. Full-HD movie with 5-axis IS stability (24, 25, 30 or 60 fps frame rates)
  6. Silent Mode for stealth shooting
  7. Built-in Wi-Fi when coupled with OI.Share app for smart devices (iOS & Android) enables camera remote control; image and video transfer for social sharing

See the official press release

[pdf-embedder url=”http://theneodimension.com/wp-content/uploads/2016/01/Press-Release-New-Olympus-PEN-F-combines-timeless-styling-with-a-new-20-megapixel-Live-MOS-sensor.pdf”]

Video – MTG RELEASES #SIXPAD, RONALDO-INSPIRED TRAINING GEAR

AIBI launches a new revolutionary body product SIXPAD

Training Gear SIXPAD

Inspired by global football icon, Cristiano Ronaldo, the Training Gear SIXPAD aims to deliver a toned abdominal without heavy training using CMM pulses that can be used any time and worn under your clothes. 

AIBI International is the sole distributor of MTG’s Athletics beauty series endorsed by Cristiano Ronaldo in Singapore, Malaysia and Indonesia. During this product launch special, the Training Gear SIXPAD Abs Fit is available for $299, while a separate version SIXPAD Body Fit focusing on the waist, arms and legs sells for $229 and is available at all AIBI stores island-wide. 

To read the full press release, visit here

Worldwide #FatherSonSelfie Contest by #Chrome

1. Take a father and son selfie.

2. Post it on either Instagram, Facebook or Twitter with the hashtags #FatherSonSelfie #ChromeAzzaro or upload it on Iconosquare

3. 10 winning selfies will be chosen by the grand jury

First Prize

A year’s worth of Chrome fragrances and body products for father and son

Second to Tenth Prize

A father and son Chrome fragrance and body products package

Visit the link to find out the details on the contest participation.

Poster from Chrome
Poster from Chrome

 

 

Internationally Acclaimed Milan Pole Dance Studio Sets Foot in Singapore

Singapore – Renowned international dance school, Milan Pole Dance Studio (MPDS), has opened its first pole and aerial fitness studio in Asia, providing one of a kind fitness and dance workout for women and men of all ages and different fitness levels.

For the first time in Singapore, fitness enthusiasts can immerse in a dose of alterative workouts at MPDS, a one-stop pole and aerial fitness studio that houses a comprehensive-suite of fitness and dance classes.

 

Ladies practising their pole-dancing
Ladies practising their pole-dancing

Following the stunning success in Milan, Montréal and Dubai, Milan Pole Dance Studio has chosen Singapore to be their base in Asia. Located in the eclectic neighborhood of Bukit Pasoh, the studio offers intense yet fun workouts through its signature Pole & Aerial Fitness classes, ranging from Basic Pole Dance to Pole Gymnastics as well as Aerial Fabrics, Hoop and Silk classes.

 

Pole and Aerial Fitness is one of the fastest growing fitness trends in the world today and has become officially recognized as a sport. It is a discipline that promotes strength, flexibility and cardiovascular benefits combining dance, gymnastics and acrobatics.

 

Founder of Milan Pole Dance, Krystel Arbia, shared, “We have noticed that there is a growing demand in Asia who are constantly on a lookout for alternative ways of working out. As such, we take pride in introducing this fun and intense full body workout that we are certain many fitness enthusiasts will find excitement in.

 

Local co-owners Tracy Mak and Celeste Wang are determined to raise the profile of pole talents here. “There are many talents in Singapore and Asia who have the potential to take on bigger endeavours in the Pole and Aerial arena. With our world-class instructors and training programmes, we would like to groom the next generation of enthusiasts and help them realize their full potential on the global stage.” said Tracy.

MPDS is proud to have renowned instructors of Pole and Aerial Fitness and are winners of various international Pole Dance Championship titles. Visiting Master Trainer and French Pole Dance Champion 2010, Prana Ovide-Etienne will be in Singapore to teach during its opening months.

 

CLASSES

The 60-minute lessons consist of a very balanced training mix: warm up, technique training, choreography and stretching. Instructors follow a weekly schedule and structure, incorporating lifts, spins, tricks and combinations.

 

Dance routines and aerial acrobatics provide great cardiovascular benefits, whereas pole gym classes focus on improving technique and strength. Students are guaranteed an intense and effective workout at every level. Contortion classes provide focused training for back strength and flexibility whereas Twerk classes involve lots of cheeky dance moves and floor work that are favourites of many Hollywood celebrities. In Aerial Fabrics classes, students learn graceful yet strong tricks and choreographies on a spinning, suspended hammock.

 

For more information, please visit www.milanpoledance.com