Business & Economy Startups Today’s top tech news, March 13: Healthtech company CXA Group raises US$25M...

Today’s top tech news, March 13: Healthtech company CXA Group raises US$25M funding




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Also, Enterprise Singapore chooses Penbrothers as Philippine partner, Hong Kong’s CoinFLEX launches loyalty coin to build trading community

Healthtech startup CXA Group secures US$25M funding [e27]

Singapore-based healthtech company CXA Group announced the US$25 million funding it has raised from HSBC, Singtel Innov8, Telkom Indonesia MDI Ventures, Sumitomo Corporation Equity Asia, Muang Thai Fuchsia Ventures, Humanica, and Heritas Venture Fund.

The company said it will use the funding for expansion to Asia Pacific.

Also Read: Singapore-based fintech company Sygnum to build tokenised, smart financial infrastructure

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CXA uses predictive data to help corporates improve their health and wellness offerings for employees.It claims to have over 600 enterprise clients that allows them to serve over 400,000 employees in 20 countries.

In the past, the company has raised US$25 million from B Capital and EDBI back in February 2017. The current round brings CXA’s total fundraising to US$58 million.

Enterprise Singapore’s Plug and Play Network makes Penbrothers its Philippine partner [Press Release]

Penbrothers, the office lease and augmented staff company seeking to facilitate international startups and SMEs in building their team in the Philippines, has entered into a strategic partnership with Enterprise Singapore’s Plug & Play network.

The partnership will see that Singapore-based startups & SMEs expanding in the Philippines can access the quality services, talent, and vibrant office spaces that Penbrothers offers.

“Penbrothers continues to look for various ways to support Singapore companies enter new markets through The Philippines’ pool of talent,”said Josef Werker, Managing Director of Penbrothers International Inc. “We believe that we’re reinventing how Singapore companies scale & build their teams along with Enterprise Singapore’s role in supporting their network.”

Hong Kong’s CoinFLEX launches FLEX Coin to build trading community [Press Release]

CoinFLEX, the physically delivered crypto futures exchange, has launched FLEX Coin in a bid to encourage liquidity and reward for early traders members who trade on the platform.

The mechanism would be a set amount of FLEX Coin to be paid out to traders based on the proportion of the volume they trade as a taker, relative to the total daily volume on the platform. The coins can be exchanged for a discount on the cost of using the platform.

By spending coins, a user can receive back 50% off their total trading fees from the previous 24 hours.

Furthermore, aside from its physically-delivered bitcoin futures, CoinFLEX will also introduce the world’s first stablecoin-to-stablecoin futures contract, and will provide investors with the ability to hedge exposures with zero index or settlement manipulation risk.

CoinFLEX has also announced the addition of investment firm Digital Currency Group and blockchain investment company Polychain as investors. The current existing investors are Trading Technologies, Roger Ver, Mike Komaransky, and Dragonfly Capital Partners, as well as a number of leading market making firms.

WeWork opens first location in Vietnam [Press Release]

Co-working space unicorn WeWork announced its first location opened in E. Town Central in District 4, Ho Chi Minh City, Vietnam, right after the first location in the Philippines.

The new location has a Grade-A and Leadership in Energy & Environmental Design (LEED) Gold standard certified building. The WeWork E. Town Central adds to the company’s growing presence in Southeast Asia and it’s ready to welcome over 1,000 members to the community across four floors (22nd to 25th).

To date, WeWork has since grown to 18 locations with more than 13,000 members across Southeast Asia from December 2017.

“With Vietnam’s rapid economic growth in Southeast Asia, we see immense business potential for WeWork to contribute back to its vibrant economy. Our spaces in cities across the region have also greatly proven to be a springboard that enables creator communities to flourish,” said Turochas “T” Fuad, Managing Director, WeWork Southeast Asia.

The space and community are aimed to deliver local materials such as block bricks and rattan were also embodied in tandem with WeWork’s signature aesthetics.

Also Read: Hong Kong e-commerce analysis shows Alibaba is king of the hill

Grounded in WeWork’s mission of supporting its members, WeWork is also growing in tandem with them and is here to connect people through intelligent design by fostering community and opportunities.

WeWork welcomes members ranging from global enterprises to organizations with a presence in Vietnam such as Christina’s, a fully-integrated online-to-offline travel company; UrbanFox, an omnichannel logistics and channel management solutions brand as a subsidiary of Singapore’s conglomerate Keppel Corporation; Vingroup Ventures, a Vingroup company.

The post Today’s top tech news, March 13: Healthtech company CXA Group raises US$25M funding appeared first on e27.

Source: E27

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