Malaysian HRtech company Jibble raises US$2.5M, now valued at US$33M [Press Release]
Jibble, Malaysia-based HR software provider, announced that it has raised US$2.5 million funding, putting its valuation at US$33 million. The company said that it will use the funding to focus on growing the product team and expanding its operations in the Philippines.
Before Jibble comes into fruition, it was started with PayrollPanda three years ago, a payroll software specifically made for Malaysian SMEs. The idea to have the time-tracking app came one year later as a standalone product called Jibble.
Both PayrollPanda and Jibble operate under Jibble Group now.
“We’re now working on 2.0 versions of Jibble and PayrollPanda on a consolidated platform, which will take things to a new level,” said Toine Vaessen, Jibble’s co-founder and VP of Revenue.
EMQ and Shanghai Commercial Bank partner to facilitate Asia’s cross-border money transfers [Press Release]
EMQ, a cross-border settlement network in Asia and Shanghai Commercial Bank (“SCB”), a local Chinese bank in Hong Kong, announced a partnership on cross-border money transfer service across Asia. This collaboration seeks to enable SCB’s payment platform to integrate with EMQ’s network infrastructure for compliant and cost-effective cross-border solutions.
“The payments ecosystem across Asia is undergoing significant transformation with the rise of local and cross-border cashless payments underpinned by a tech-savvy population. With a challenging fragmented market across Asia, businesses and individuals will require a global money movement network, especially in making cross-border money transfers streamlined, low-cost, secure, and real-time,” said Max Liu, co-founder, and CEO of EMQ.
Leveraged on EMQ’s cross-border settlement network, Shacom Pay users can also make money transfers, initially to Indonesia and the Philippines, on a faster and more convenient platform.
Bukalapak joins forces with MoEngage for cross-channel customer engagement [Press Release]
Indonesian unicorn e-commerce Bukalapak has chosen customer engagement platfom MoEngage to drive cross-channel user engagement for the company’s digital and mobile channels.
With Bukalapak saying that it currently operates with more than 50 million users and processing half a million transactions a day in its e-commerce platform, the company needs to tackle the low push delivery rates and engagement issue.
Commenting on the partnership, Tushar Bhatia, AVP Growth, Bukalapak said, “Our priority at Bukalapak is in reaching our customers at the right time with the right message. MoEngage’s proprietary Push Amplification technology has helped us improve both the speed of delivery of push notifications as well as the delivery rates.
MHub partners with proptech Juwai.com to direct Chinese to buying Malaysian properties [Press Release]
MHub, Malaysia’s digital real estate marketplace, announced a partnership with Juwai.com, China’s international property website, in a bid to attract Chinese buyers looking to purchase homes in Malaysia.
With Chinese investment in Malaysia’s residential real estate expected to double by 2025, the agreement will give local property sellers access to Juwai.com’s more than 3.1 million monthly users.
According to Juwai.com, buyers from mainland China purchased RM9.5 billion worth of Malaysian residential and commercial properties last year. The agreement between MHub and Juwai.com will make it much easier for them to shop for houses in Malaysia.
“The alliance of MHub and Juwai.com aims to expand the addressable market for property sellers in Malaysia. Our proptech platform brings the ecosystem of developers, agents, bankers, lawyers, and buyers under one roof,” said Quek Wee Siong, Co-founder and Chief Executive Officer of MHub.