Author: Iselle Chua

Philippines-based digital financial services provider Ayannah, and India-based payments company Electronic Cash and Payment Solutions (ECAPS) has announced a merger that will create Ayannah Global, a Pan-Asian financial technology group that will provide affordable and accessible digital financial services to the growing middle class in South Asia and Southeast Asia. The group has chosen to situate its headquarters in Singapore, given its status as a leading financial centre in the region, robust FinTech infrastructure and strategic location among the fast-growing markets in Southeast Asia and South Asia. Singapore’s connectivity will support the Group in its expansion plans as it continues…

Chelsfield Asia, a unit of London-headquartered real estate investor Chelsfield, has made the final close of its first Pan-Asia value-add fund at US$362.5 million, according to an announcement. The fund – Chelsfield Asia Fund 1 – also secured a co-investment commitment of US$150 million and to date raised US$366 million of co-investment commitments. Investors in the fund include a sovereign wealth fund, a US-based pension fund, a global investment group from the Middle East, a corporate investor from Asia, a Hong Kong-based family office, and a global fund of funds. The fund will target real estate assets with substantial value-add…

RedDoorz, Southeast Asia’s largest and fastest growing hotel management and booking platform, announced it will reach 1 million occupied room nights by December 2019, a result of the business doubling in size every six months. As of July 2019, RedDoorz is growing five times year-on-year with operations across more than 52 cities in four countries in Southeast Asia. Most recently, it has reached 500,000 occupied room nights, an industry-first in Southeast Asia travel category. This latest achievement cements RedDoorz’s position as leader in Southeast Asia’s highly competitive affordable travel space, surpassing global competitors. The milestone was announced by the RedDoorz…

Business process outsourcing (BPO) firm TaskUs is offering all female workers 120 days of paid leave starting 2016, joining the ranks of other technology firms, such as Facebook, to offer such benefit to women employees. “Starting in 2016, we are offering all female teammates 120 days of paid leave. This policy happens to be exactly the same thing that Facebook announced it would offer new parents last week (we thought of it first!),” said TaskUs co-founder and CEO Bryce Maddock in a statement posted on its website. Maddock said the company arrived at the decision to provide 120-day paid maternity…