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Coofandy Debuts Spring/Summer 2025 Collection at New York Fashion Week

NEW YORK, THE USA – Media OutReach Newswire – 10 September 2024 – Coofandy (the “Brand”), a rising fashion brand, made its New York Fashion Week (NYFW) debut on September 8th, 2024, unveiling its highly anticipated Spring/Summer 2025 Collection at Cipriani, 25 Broadway, New York, NY 10004.

Sean O'Pry opened the runway show for Coofandy
Sean O’Pry opened the runway show for Coofandy

Embracing the “Minimalism: Simplicity in Style” theme, the Coofandy 2025 spring-summer collection celebrates the power of understated stylishness and elegance. Each piece featuring refined cuts and timeless silhouettes reflects the Brand’s philosophy of enduring style, where less is more. Amidst a world of excess, Coofandy’s collection speaks to the quiet strength of classic style – effortless, enduring, and forever relevant.

Sean O'Pry opened the runway show for Coofandy
Sean O’Pry opened the runway show for Coofandy

The runway was graced by supermodels luminaries. Sean O’Pry, commanded attention as the opening act, while Rafael Miller brought the journey to a captivating close. Coofandy’s models carried the Brand’s core minimalist sensibilities with a hint of ingeniously endowed poise. The elite and understated aesthetic is adorned within the Brand’s suiting silhouettes, where the effortless elegance of minimalist design principles converges with the distinguished refinement of traditional craftsmanship. Their looks evoke the narrative backdrop of the sophisticated Milanese businessmen who plan to vacation along the resplendent shores of Lake Como. Their suitcases, artfully fusing professional bearing and leisurely charm, contributed to the effortless elegance and relaxed sense, shining the timeless allure of American old-money style and the modern Italian flair.

Rafael Miller closed the runway show for Coofandy
Rafael Miller closed the runway show for Coofandy

Coofandy’s NYFW showcase spotlighted two distinct collections. The Brand’s treasury of time-honored classics and bestsellers is proudly showcased. Its meticulously curated in-house design collection stands as a testament to its unwavering commitment to the virtues of simplicity and the appeal of enduring aesthetics. A bespoke runway collection, “Floral Moments,” was co-created with renowned Italian designer Isabella Cortese, co-founder of Nube Studio. Positioning the “flowers” as the core element, the designer blended minimalism with natural flower beauty at three singular moments: the early morning mist, the golden sunset, and the serene midnight. The designers have crafted not just a visual aesthetic but a philosophy of life – a journey of discovering both nature and the inner self.

Coofandy’s debut at NYFW marks a significant milestone in the Brand’s journey towards global recognition. By showcasing on this esteemed fashion stage, Coofandy aspires to communicate its core tenets of efficiency and enthusiasm, translating them into aesthetic creations of everlasting style and connecting with audiences worldwide.
For more information, please visit:
Brand Website: https://coofandy.com
Amazon Store:

Hashtag: #Coofandy

The issuer is solely responsible for the content of this announcement.

About Coofandy

COOFANDY STYLE MADE SIMPLE

Established in 2015, Coofandy provides superior quality menswear for various occasions, offering male users a convenient way to select outfits for different scenarios. Our collection includes wardrobe essentials for various occasions, from business suits to casual T-shirts and underwear, as well as party tuxedos, beach wear and active clothes. We aim to simplify the overwhelming shopping experience and create a space where customers could efficiently find what they need. Our brand philosophy is Simplify the stylish outfits and quality life.

Monash University Malaysia’s Colloids and Polymers Group Clinches Double Awards at National Nuclear Innovation Competition 2024


KUALA LUMPUR, MALAYSIA – Media Outreach Newswire – 10 September 2024 – Monash University Malaysia is proud to announce that the Colloids and Polymers group, led by Dr Patrick Tang Siah Ying from Monash University Malaysia’s School of Engineering, has achieved remarkable success at the 2024 National Nuclear Innovation Award competition. The group secured two prestigious accolades, the Gold Medal for the best entry in the Environment and Natural Resources category, and the Special Award for Competitive Innovation across all categories.

The National Nuclear Innovation Award is an esteemed recognition program that highlights outstanding innovation and research and development efforts within Malaysia that advance nuclear science and technology applications. The double award won by the Colloids and Polymers group is a testament to their dedication and innovative approach in this critical field.

While traditional lead shielding is effective because of its high atomic number and density, it carries health risks, disposal challenges, and is heavy for prolonged use in medical environments. The award-winning research, conducted by a cross-institutional collaborative team, has led to the development of novel lead-free, flexible, and lightweight rubber composites that serve as sustainable radiation shielding materials. These innovative materials have promising applications in medical radiology personal protective equipment (PPE) and have the potential to revolutionise the future of radiation-proof, sustainable elastomeric materials in various technologically significant areas such as healthcare, heavy industries, aerospace and nuclear medicine.

“This remarkable success was made possible through the invaluable partnership and support from our collaborators at Sunway University, UniKL MICET, and Nuklear Agensi Malaysia,” stated Dr Tang, who is a senior lecturer at the Department of Chemical Engineering. “It is an incredible achievement for our cross-disciplinary supervision and collaboration, and we hope it serves as an inspiration to other students and researchers at the university and beyond.” His collaborative team is dedicated to pushing the frontiers of nuclear science research, with the goal of propelling innovation in the country’s rubber industry.

Dr Tang also extended special recognition to his outstanding research team members, including Final Year Project (FYP) student Alphonsus Tan for his excellent contributions, and supervisory team members Professor Goh Bey Hing of Sunway University, Dr Fahmi Asyadi Md Yusof and Associate Professor Ong Siew Kooi of UniKL MICET, Dr Janarthanan Supramaniam, Norshafarina Ismail, and PhD students Darren Low and How Sher Wei.

The double awards highlight the importance of cross-disciplinary research and the potential of collaborative efforts in driving advancements in nuclear science and technology. The Colloids and Polymers group’s innovative work has garnered national attention, setting a benchmark for future research in nuclear science and technology.

This recognition not only highlights Monash University Malaysia’s commitment to advancing research excellence but also highlights the collaborative efforts between academic institutions and research organisations to drive positive impact in the field of nuclear science and technology.Hashtag: #MonashUniversity

The issuer is solely responsible for the content of this announcement.

Monash University Malaysia

Monash University Malaysia, established in 1998, is the third-largest campus of Australia’s largest university and the first foreign university campus in Malaysia. We are a premier research-intensive Australian university ranked among the top 50 universities globally by the QS World University Rankings 2024 and a member of Australia’s prestigious Group of Eight (Go8). Monash University is also ranked 54 in the latest Times Higher Education World University Rankings. A self-accrediting university, we offer a distinctly international and culturally rich environment with approximately 9,300 students from 79 countries. Monash University Malaysia, including the Jeffrey Cheah School of Medicine and Health Sciences, is wholly owned and operated by Monash University since 2020.

Flooding in Luang Namtha Claims One Life, Forces Evacuations

Flooding in Luang Namtha Claims One Life, Forces Evacuations
Severe Flooding hits Luang Namtha Province on 9 September. (Photo credit: Teuan Vlp )

On 9 September, Luang Namtha Province was hit by heavy flooding due to Typhoon Yagi, causing significant disruption and damage. The floodwaters led to the temporary closure of Luang Namtha Airport, leaving many residents stranded and severely affected. The first floor of the local hospital was also inundated.

Weather Emergency Warning: Heavy Flooding Expected in Northern, Central Provinces

rainy weather in Laos
Rainy weather in Laos.

The Department of Meteorology and Hydrology has issued a severe weather warning due to anticipated heavy rainfall across northern and central provinces of Laos.

The alert is effective immediately, with concerns extending through the coming days.

A persistent low-pressure system combined with strong southwest winds is expected to bring substantial rainfall to the region. The heavy rain is anticipated to cause significant flooding, landslides, and flash floods.

Northeast (Phongsaly, Houaphan, and Xiengkhouang): Thunderstorms are forecasted with light to moderate intensity overall, but some areas may experience heavy rainfall and gusty winds, with temperatures ranging from 18 to 25 degrees Celsius.

Northwest (Luang Namtha, Bokeo, Oudomxay, Luang Prabang, and Xayaboury): This area is likely to see thunderstorms and heavy rain, with strong winds. Temperatures are expected to range from 22 to 31 degrees Celsius.

Vientiane Capital: Thunderstorms are predicted with light to moderate intensity, and some areas may experience heavy rain and gusty winds, with temperatures between 25 and 32 degrees Celsius.

Central Region (Vientiane Province, Bolikhamxay, Khammouane, and Savannakhet): Thunderstorms will be prevalent, with light to moderate rain expected across most areas. Heavy rainfall in some areas, combined with strong winds, is anticipated. Temperatures will range from 23 to 32 degrees Celsius.

South (Salavanh, Champasak, Sekong, and Attapeu): Thunderstorms are expected, with light to moderate rain in most areas and heavy rainfall in isolated cases.

The Department urges all local governments, communities, and relevant organizations in the affected provinces to remain vigilant and take necessary precautions. Residents should prepare for potential flooding, landslides, and other weather-related hazards.

For ongoing updates and more information, residents are advised to monitor official weather channels and emergency services.

Fotomax Enters the Photo Album Digitisation Market in Partnership with Capture.HK

Partnership Aims to Meet the Growing Demand for Digitisation Services, Projected to Reach $250 Million USD in Hong Kong Within the Next Decade


HONG KONG SAR – Media OutReach Newswire – 10 September 2024 – CaptureTM Hong Kong, a leading service provider of analogue media digitisation, is pleased to announce its new partnership with Fotomax, marking a significant milestone in the photo album digitisation market. This collaboration brings Capture.HK’s The Frame Digital Frame Bundle and The Photo Album Digitisation Kit to Fotomax branches, making photo digitisation services more accessible and helping individuals preserve their family memories digitally.

A Strategic Partnership to Bring Photo Digitisation to the Mass Market
Since Capture launched in 2022, the company has experienced remarkable growth in the media digitisation industry. With over two thousand orders processed and a current average order value of HK$3800, Capture.HK has become a key player in preserving cherished memories. A significant portion of these orders, 52% are dedicated to photo album digitisation. According to the above, Capture.HK is ready to capture a key market segment, with projections estimating that the industry is valued at $250 million USD in Hong Kong within the next ten years.

Fotomax CEO Ryan expressed his enthusiasm for the new collaboration, stating, “We are thrilled to launch Photo Album scanning with Capture.HK. Fotomax has cared for Hong Kong families’ memories for 42 years. Embracing digitisation is a natural and exciting progression in our commitment to preserving cherished moments for future generations.”

What is Available at Fotomax
As part of this collaboration, customers can now conveniently purchase Capture.HK’s latest products directly at 15 selected Fotomax stores:

  • Capture’s Album/ Photo Digitisation Kit: For just HK$238, digitise up to 200 photos with our comprehensive kit. Once digitised, your memories will be uploaded to Google Photos. If you prefer an alternative output format, you can opt for an additional USB flash drive for HK$80.
  • Capture‘s The Frame Bundle: The Frame Bundle, priced at HK$1188. This comprehensive package features The Frame along with our Album/Photo Digitisation Kit. With The Frame, you can effortlessly display and enjoy all your digitised memories.

“We are thrilled to be partnering with Fotomax, a household name in Hong Kong. It is incredibly significant that they have chosen to distribute Capture.HK’s products. Over the past two years since our launch in Hong Kong, we have built a strong reputation with thousands of satisfied customers. We are on a mission to save every Hong Kong’s families most cherished memories.” said Michael Chang, the CEO of Capture.HK.

Preserving Your Memories with Capture.HK
Given Hong Kong’s humid climate, physical photos are prone to discolouration, mould, and warping. Capture.HK offers a comprehensive and affordable solution for digitising analogue media, including photo albums, photographs, videotapes, slides and digital media, from deterioration. Our high-quality digitisation service preserves your memories in a digital format, allowing you to effortlessly view and share them online in your preferred output format, whether on a USB flash drive or through Google Photos. With Capture.HK, safeguarding and enjoying your memories has never been easier.

Learn more about Capture.HK:
Website: https://www.capture.hk/
Facebook: https://www.facebook.com/CaptureLimited
Instagram: https://www.instagram.com/Capture_HongKong/
YouTube: https://www.youtube.com/channel/UC9npy9yWNsH9qG-ZcaxfC7A
LinkedIn: https://www.linkedin.com/company/CaptureLimited/
Hashtag: #CaptureHK #Fotomax

The issuer is solely responsible for the content of this announcement.

About Capture.HK

Capture.HK is the leading analogue media digitisation service provider in Hong Kong. We digitise analogue media (photo albums, photographs, videotapes, digital media like USB Flash Drive, Compact Flash, DVD, etc) and slides, using our proprietary technology. Capture.HK is the only service that saves memories directly to Google Photos through secure Google authentication. In the USA, we have cooperated with Fujifilm, Google and retail giants like Walmart and Costco, to help more than 12 million families and organisations to safeguard their memories.

About Fotomax

Fotomax was established in Hong Kong in 1982. It is now fully owned by China – Hong Kong Photo Products Holdings Limited which is listed in the Hong Kong Stock Market. Fotomax has developed as the largest and leading photofinishing chains to provide high quality and most advanced imaging services in town.

SDAX completes Series B2 round with Muscat Precious Metals Refining Company LLC

  • MPMR is the premier precious metals refinery in Oman
  • Funds raised will go towards expansion plans in Asia and the Gulf Cooperation Council region (“GCC”)


SINGAPORE – Media OutReach Newswire – 10 September 2024 – SDAX, Singapore’s Digital Asset Exchange, is pleased to announce the successful closing of its US$50 million Series B2 funding round led by the Oman-based Muscat Precious Metals Refining Company LLC (“MPMR”). This follows a US$18 million Series B funding round in 2021 led by PSA International, Straits Trading Company, and New Horizon Global. They joined existing shareholders: ESR, RHT and Crazy Goats, supporting SDAX’s mission to empower investors with access to private markets and alternative investment opportunities.

The funds raised will accelerate the expansion of the SDAX ecosystem on several fronts, chief among them is the focus on client acquisition and the inclusion of other business lines such as wealth and fund management. Regional expansion is another priority, as is the launch of a digital asset exchange in Oman. This platform will not only provide a strategic gateway to the GCC and Africa but will also connect Oman to liquidity pools globally.

Rachel Chia, Chief Executive Officer of SDAX, said, “The successful Series B2 funding round is a testament to SDAX’s commitment to democratise access to institutional-grade private markets and alternative investments. We value the continued support of our current investors, and welcome both our new shareholders MPMR and the business potential that this new partnership brings. We are particularly excited about the opportunity to expand into the GCC region.”

Nick Cochrane-Dyet MBE of MPMR, and Chair-designate of SDAX, said: “After more than a year of working with SDAX, the results of our partnership have demonstrated the potential SDAX has to offer in democratising investments for financial inclusion. We look forward to deepening our partnership with SDAX by developing capabilities in Oman to provide companies in the GCC with an alternative source of funds, and to building a strong investor base in the region. We look forward to supporting SDAX’s growth journey and contributing to its continued success.”

Tan Chong Huat, outgoing Chairman of SDAX, said: “We welcome MPMR to our esteemed roster of shareholders and are proud of the SDAX team’s well-deserved achievements. Looking ahead, we are thrilled about SDAX’s international expansion and being recognised as one of the leading digital asset platforms globally. I am honoured to have been a part of SDAX’s success and now wish SDAX to attain further heights together with MPMR.”

In April this year, the diversity of products offered on SDAX’s platform has been bolstered by the strongest demand for gold in over a decade. SDAX had teamed up with MPMR to offer securitised Gold Tokens on the SDAX Exchange platform. First of their kind, these tokens offer investors fractional gold investments and trading, backed by physical gold bullion held at Le Freeport in Singapore. Following this, SDAX has issued a popular series of short-term gold financing notes offering investors double-digit yields.

Hashtag: #SDAX #digitalassets #fintech #innovation #financialinclusion #digitalexchange #democratization #tokenization #realworldassets


The issuer is solely responsible for the content of this announcement.

About SDAX

Singapore’s Digital Asset Exchange (SDAX) is a MAS-regulated investment and trading platform serving institutional, accredited and retail investors. We provide access to fractionalised institutional-grade investment opportunities that have not previously been available to most investors. Our strength lies in private credit, real estate and impactful investment opportunities. SDAX partners with corporates, financial institutions and family offices to bring access to the underserved market.

At SDAX, we commit our expertise and technological know-how to unlock innovative investment opportunities to drive sustainable and impactful growth.

SDAX represents the merged entities of digital asset exchange Digiassets Exchange Singapore (SDAX) and fintech company, Minterest Holdings.

The merger and rebranding bring synergy for SDAX by combining capabilities to offer both a Digital Asset Exchange, regulated under its Recognized Market Operator (RMO) licence, and Capital Markets Services, regulated under its Capital Markets Services (CMS) licence.

Visit our website .

About Muscat Precious Metals Refining Company LLC

Muscat Precious Metals Refining Company LLC (MPMR) was incorporated in the Sultanate of Oman led by CEO, H.E. Shihab Abusaidi. MPMR specialises in the smelting, refining, testing, trading and minting of precious metals such as gold, silver, platinum and palladium. MPMR – Oman’s first and to date, only gold refinery – refines approximately 40 tons of gold annually.

With years of experience, it plays a vital role in the pioneering, development and improvement of many industry standards in Oman, setting new benchmarks through the on-going integration of industry-leading technologies and the knowledge and skill sets of a highly specialised and dedicated team.

Happy5 Acquires Singaporean Startup SugarOKR To Accelerate Global Expansion


SINGAPORE – Media Outreach Newswire – 10 September 2024 – In a strategic move to bolster its global presence, Indonesia-based enterprise performance management software startup Happy5 has announced it is acquiring Singapore-based startup SugarOKR for an undisclosed sum. This acquisition marks a significant milestone in Happy5’s growth strategy, positioning the company for expansion into new international markets, including the United States.

The Happy5 team
The Happy5 team

This acquisition of SugarOKR, a renowned player in the Objectives and Key Results (OKR) tracking software space, underscores Happy5’s commitment to providing comprehensive solutions that cater to the evolving needs of modern businesses. With this acquisition, Happy5 aims to leverage SugarOKR’s cutting-edge OKR tool and expertise to accelerate its expansion into new territories and embark on its next phase of growth.

One of the most immediate benefits of Happy5 acquiring SugarOKR is the former’s entry into the highly competitive US market. SugarOKR’s established presence in the region, along with its reputation for delivering robust OKR solutions, will provide Happy5 with a solid foundation for expansion.

Mr Timothy Kua, Founder and CEO of SugarOKR, had this to say about the acquisition, “Happy5 has achieved a strong product market fit and is profitable with over US$1 million in annual recurring revenue. The firm wants to expand overseas, starting with the US, the most mature SaaS market with a high adoption rate. SugarOKR’s customer base, of which 20% are based in the US, offers the company the perfect lead-in to this brand-new market.”.

“Our priority is on expanding into the US market. Timothy brings his vast experience and skill set in building and scaling businesses of all sizes. With him leading the charge, coupled with the SugarOKR platform, which already has a strong global presence, Happy5 will have the much-needed boost to our global expansion efforts,” enthused Mr Doni Priliandi, Founder and CEO of Happy5.

In addition to geographical expansion, the acquisition will significantly enhance Happy5’s product capabilities. SugarOKR’s advanced OKR tracking software will complement Happy5’s existing suite of employee performance management software solutions, allowing companies to align their workforce around clear, measurable goals while maintaining a strong focus on employee well-being. This comprehensive offering will be a game-changer for businesses looking to drive both individual and organisational performance.

Future Outlook For Happy5 And SugarOKR

Looking ahead to the future for Happy5 and SugarOKR, there are currently no plans to integrate SugarOKR’s technology and team into the existing operations of Happy5. Instead, SugarOKR will continue operating as a standalone goal management software company. However, Happy5 plans to use SugarOKR’s website as a lead magnet to convert existing SugarOKR customers to Happy5’s platform, allowing them to benefit from the latter’s more robust platform.

In addition, following the acquisition of SugarOKR, Happy5 plans to expand globally even more rapidly while maintaining a focus on the US market by Q4 2024. It also targets to close 20 US customers by Q2 2025 and raise between US$3 to US$5 million by Q2 2025. Talks are already ongoing with various venture capitalists (VCs) to raise funding for the global expansion.

“Our key goal is to secure a VC based in the US as part of the mix. The SugarOKR acquisition, with Timothy Kua on board, will give VCs more confidence with a stronger leadership team and a leg-up from the SugarOKR platform,” added Mr Doni Priliandi.
Hashtag: #OKRtrackingsoftware #employeeperformancemanagementsoftware

The issuer is solely responsible for the content of this announcement.

About Happy5

Happy5 is a leading provider of enterprise performance management solutions that empower organisations to level up their workforce. Their suite of products in a single unified platform includes goal management (OKRs/KPIs), project management (tasks/initiatives), and performance management (360 reviews). For more information about the company and its enterprise performance management tool, please visit .

YUP, the “Nubank” from Southeast Asia, Secured US$30 Million in Series B Funding, Which Marks the Largest Equity Fundraising for the Fintech Sector in SEA This Year


HONG KONG SAR – Media OutReach Newswire – 10 September 2024 – YUP, the credit payment platform established by Singaporean startup Finture, has successfully raised US$30 million in its Series B funding round. The round was led by Hong Kong-based venture capital firm MindWorks Capital, with participation from XVC, SWC Global, Richen Pioneer, and Antao Capital. The funds will support market expansion in Southeast Asia and preparation for acquiring a banking license in Indonesia.

Finture’s flagship product, YUP, serves working-class users with stable incomes in Indonesia.
Finture’s flagship product, YUP, serves working-class users with stable incomes in Indonesia.

Finture is a Singapore-based fintech company with offices in Shanghai, Singapore, and Jakarta. Established in 2021, Finture operates its digital bank and credit payment business in Southeast Asia. Its flagship product, YUP, serves working-class users with stable incomes in Indonesia. The platform has partnered with over 40 million merchants nationwide, serving millions of users and processing tens of millions of transactions. YUP is projected to reach US$1 billion in transaction volume by 2024 and has already received over US$77 million in equity funding from investors, including the Sampoerna family, Sky9 Capital, BitRock Capital, etc.

Expanding Credit Card Access in Indonesia

YUP targets 80 million working-class individuals in Indonesia with stable incomes and regular social securities. Donny Zhang, Co-founder and CEO of Finture, stated, “While Southeast Asia’s fintech sector is experiencing rapid growth, personal payment solutions have lagged behind. Many individuals still lack access to basic credit card services offered by traditional banks. In Indonesia, where the credit card penetration rate stands at just 2%, we firmly believe that every consumer with a stable income deserves access to a credit card.”

Digital payments now account for over 50% of transactions in Southeast Asia, with a total gross transaction value (GTV) of US$959 billion in 2023[1]. YUP’s credit card services, including both physical and virtual cards, are well-positioned to meet this demand. As the only tech firm in Indonesia to sign a strategic partnership with VISA, YUP has secured Indonesia’s highest-level payment license (E-Money), lending license, and fintech innovation licenses. The company is now planning to invest in Indonesian banking license.

All-in-One Service Platform Collaborating with Top Merchants

In addition to credit card services, YUP is collaborating with leading global and Indonesian merchants to introduce the “Lifestyle in Your Pocket” concept to Southeast Asia. The platform integrates lifestyle, consumption, and financial services, covering various daily spending scenarios. YUP’s merchant partners include Indonesia’s largest retail group MAP (operating brands such as Starbucks, Nike, Adidas, Zara, Sephora, Boss, CK, etc.), VISA, KFC, Korean cinema chain CGV, Indonesia’s leading convenience store chains Indomaret and Alfamart, Haagen-Dazs, British Petroleum, Indonesia’s largest taxi platform Bluebird, Family Mart, and others.

YUP’s founding team brings extensive experience from top financial institutions and companies such as Bank of America, China Merchants Bank, Bank of Communications, Discovery, and Ant Group. Co-founder and CEO Donny Zhang transitioned from management consulting at Accenture to fintech, becoming a venture capitalist and entrepreneur with nearly a decade of experience in the Southeast Asia fintech sector. Co-founder Matt Zou, a specialist in personal credit management, has worked at the Bank of Communications’ credit card center and ANZ Bank’s credit card operations across Indonesia, Thailand, and the Philippines. He also served as Chief Risk Officer at Advance.ai and co-founded Atome, a leading BNPL brand in Southeast Asia.

Doubling Its Valuation and Future Expansion

Despite a slowdown in the Asian funding landscape, with total venture capital investment falling to US$14.6 billion in Q2 2024—a 56% decline from the same period in 2022 and a 32% decrease year-over-year[2]—YUP has secured US$30 million in equity investment, and its valuation has doubled. Gavin Guo, CFO of Finture, highlighted three key points that made YUP stand out from its peers. First, YUP’s business model has a clear trajectory of future growth, similar to players in other emerging markets, such as Brazil’s Nubank. Secondly, YUP’s deep expertise in Southeast Asia, with all senior management and over 80% of employees based in Jakarta, gives it a strong local presence. Thirdly, YUP’s solid business and financial performance have been crucial in the current challenging market. “Companies need to excel to justify their valuations in challenging times. We’ve consistently seen positive unit economics and strong customer lifetime value (LTV) over the past three years,” said Guo.

YUP plans to extend its innovative financial products to Hong Kong, Vietnam, and the Philippines. The company will open a new office in Hong Kong to oversee capital market activities and recruit R&D talents, with the possibility of relocating its headquarters from Singapore to Hong Kong in the future. YUP aims to serve 50 million users over the next 8 to 10 years, positioning itself as Southeast Asia’s leading digital banking service platform with plans for a U.S. IPO in the next 3 to 5 years.

[1] Google, Temasek, and Bain & Company, “e-Conomy SEA 2023” report: https://www.bain.com/insights/e-conomy-sea-2023/
[2] CrunchBase Q2 2024 Asia Startup Funding Report: https://news.crunchbase.com/ai/asia-venture-42dot-hozon-zepto-china/
Hashtag: #Finture #YUP


The issuer is solely responsible for the content of this announcement.

Finture

Finture is a Singapore-based fintech company that has offices in Shanghai, Singapore, and Jakarta. Established in 2021, Finture operates its digital bank and credit payment business in Southeast Asia. Finture believes everyone is eligible to have the access to easy, convenient, and affordable financial products. Cooperated with local financial institutions and fintech companies, Finture has achieved exponential growth since launching its first product YUP, which now has become one of the most popular consumer finance APPs in Indonesia, and the number of new credit card issuances has already exceeded that of the largest local bank.

Official Website: