Singapore-based startup Jenfi has raised US$6.3 million in a Series A round with Golden Equator Ventures and Korea Investment Partners (via the GEC-KIP Fund) participating in the fundraising. Growth financing for early-stage non-profitable startups can be tricky as they don’t fit into the traditional customer mold for financial institutions.
Singapore's growing status as a financial hub is luring increasing numbers of well-heeled families from across the world to set up offices here to manage their money. Experts point to Singapore's regulatory environment and geography as key factors in its attraction as an investment destination for the world's wealthy.
In Asia, and many parts of the world, careers in finance continue to be male-dominated, especially at the most senior levels. In January, however, Singapore lender OCBC changed that paradigm, naming Helen Wong as its next group chief executive officer. That makes her the first woman to head a Singapore bank and one of the very few to lead an Asian financial institution.
Through her Singapore-based holding company, Golden Equator, Chua manages, seven companies — including multi-family office Golden Equator Wealth and venture capital arm Golden Equator Ventures, which invests in high-growth technology firms. Besides regional offices in Cambodia and Taiwan, the group also expanded its footprint into Brunei early this year, establishing its multi-family office business, consulting arm and potentially its workspace subsidiary in the oil-rich sultanate.
Darussalam Enterprise (DARe) is inviting aspiring and existing entrepreneurs in Brunei looking to develop their businesses to register for their micro bootcamp and accelerate bootcamp programmes that will begin at the end of the month. Golden Equator Brunei will be running both bootcamp programmes, which are fully sponsored by DARe, using a blended approach of online and in-person training that will comprehensively cover the development of a business plan and roadmap.
With research showing that 70% of organisational digital journeys eventually hit roadblocks and fail, Golden Equator Consulting published our perspectives on digital transformation, to define the digital journeys organisations can undertake based on three distinct need-states: transformation, integration and optimisation.
In a lot of the work she does, Shirley Crystal is led by a singular purpose – to invest in the future for the next generation. The company runs a NextGen Programme that aims to revolutionise wealth preservation by moulding next-generation members of business families into future leaders through a highly customised curriculum across various industries like finance, wealth development, entrepreneurship and leadership development.
How do you make personal finance shareable for the Instagram generation? Replace jargon with relatable comics and a conversational tone to ensure financial literacy for Singaporean millennials, as some bloggers have done. With 85 per cent of its target audience ranging from 20 to 34, The Simple Sum's podcasts and comics aim to empower them through casual language.
In Asia, legacy planning has always been a sensitive topic to broach, especially among affluent families with a traditional mindset. But with the ongoing global pandemic spurring many into a reckoning with their own mortality, experts say the crisis has been a “catalyst” among the wealthy to take stock of their succession plans.
Golden Equator Consulting (GECo) today announced the appointment of digital transformation, communication, and marketing industry leader Meredith Carson as Managing Partner. Heading a team of strategists, analysts, and creators, Meredith will be responsible to drive the growth of the digitally-focused consulting business.
Pop Meals (formerly dahmakan), the newest addition to our GEC-KIP fund is the first Malaysian startup to be part of the Y Combinator startup programme. This US$18 million Series B round will see the team further develop the operating system that powers its end-to-end business.