United Overseas Bank (UOB) is investing US$10 million (S$13.93 million) in a partnership with global equity crowdfunding platform, OurCrowd. Through the collaboration, startups and small businesses in Asia can seek small investments from a large number of global investors in return for equity or shares in their company. The partnership aims to address the US$180 billion SME funding gap in South-east...
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The Startup Nation and Smart Nation just became that much closer. Earlier today, OurCrowd announced that it has closed a strategic partnership agreement with United Overseas Bank Limited (UOB), headquartered in Singapore. This collaboration is OurCrowd’s first official foray into Asia and represents a significant step towards developing the FinTech ecosystem in the region. OurCrowd, together with UOB and with the support and investment of the Sassoon Investment Corporation, an investment holding company with deep roots in Asia, is working to bring equity crowdfunding to Singapore and beyond – offering a new asset class to accredited investors in the region of Asia. The partnership pairs UOB’s strengths and depth of experience in serving entrepreneurs as well as small-and medium-sized enterprises (SMEs) across the region with OurCrowd’s expertise in investing in some of the world’s most promising startups via equity crowdfunding. This is an important announcement for OurCrowd but it’s equally important for our investors. Through this collaboration, OurCrowd’s global investor community will be able to invest in innovative Asian companies with differentiated and highly scalable products, who in turn will now get access to another source of funding through OurCrowd’s equity crowdfunding platform. This isn’t...
Read MoreLiz Wessel says she has always been the type of person who has no shame in reaching out to someone, whether or not she knows the person. Wessel is the CEO and cofounder of WayUp, a site used by hundreds of thousands of college students to find jobs at places like Microsoft, Uber, The New York Times, Disney, and Google — where Wessel previously worked. Read more on Business...
Read MoreIsraeli sports imaging startup Replay Technologies has raised $13.5 million in a Series B financing round. The investment was led by Deutsche Telekom Capital Partners (DTCP). The proceeds will support Replay Technologies development of next-generation, multi-dimensional video imaging technologies. The Tel Aviv-based company has already introduced Free Dimensional Video (FreeDTM), which allows viewers to see and experience real-life scenes through immersive camera views from multiple angles. The latest round brings the total raised by Replay Technologies to date to $27 million. Other investors include Dallas Mavericks owner Mark Cuban, Samsung Ventures, and OurCrowd. Read more in...
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Earlier this week, people from around the world tuned in to watch the Academy Awards, or “Oscars,” an annual American awards ceremony that recognizes excellence in cinematic achievements. Inspired, we thought this would be a great opportunity to commemorate the excellence of some of our own startups and their innovative, technological achievements. Over the last few months, OurCrowd’s portfolio companies have received several awards in various competitions recognizing their innovative achievements in their respective fields and in the broader startup ecosystem. Here is a quick recap of some of our companies’ recent notable awards: Biocatch voted one of Fintech 100’s Top 50 Emerging Stars BioCatch was listed in the Fintech 100 report as one of the most intriguing 50 ‘emerging stars’ – exciting new fintechs with bold, disruptive and potentially game-changing ideas. The Fintech 100 report gives an in-depth look into those global companies that are taking advantage of technology and driving disruption within the financial services industry. The report is a collaborative effort between H2 Ventures and KPMG. The report also named OurCrowd the 10th most innovative Fintech company worldwide, a significant leap from last year when OurCrowd was...
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