MAIN makes a $150K investment in a Singapore fintech startup
21 July 2022
A Singapore fintech startup that offers financial services to migrant domestic workers in Southeast Asia has received an investment of one hundred and fifty thousand dollars from the Manila Angel Investors Network (MAIN).
Yesterday, MAIN made the announcement that it had made an investment in JiPay, a platform that provides inclusive financial services for Southeast Asian migrant domestic workers.
The fledgling business offers assistance in the management of home finances to both migrant domestic employees and their employers through the use of a mobile application.
Quenby Go, the executive director of MAIN, stated that the nonprofit organization has “always looked to invest in firms that may have the biggest social impact.”
The company plans to open personal bank accounts for domestic employees, which will let them to receive money, save money, spend money, and send money to their relatives through a mobile app called JiPay.
According to Go, “we believe JiPay can empower our overseas Filipino workers by providing an integrated platform for financial services like as remittances, savings, and insurance.” “We believe JiPay can empower our overseas Filipino workers by”
The investment made by MAIN is a part of the annual commitment of $2 million that the angel investor network of 119 members makes to potential new businesses Singapore fintech startup.
MAIN is continuously looking for new businesses in which they may choose to participate in the future. Additionally, the company networks with potential partners and investors in the hopes of recruiting them to join their growing club of angel investors. In addition to this, they give learning opportunities and training for their members so that they can increase their level of expertise in the field of angel investment. They have developed focal strategies for their investments and collaborate closely with their colleagues to assist young businesses in achieving success.
Kumu, which is a social media platform, Taxumo, which is an online tax-payment application, Qwikwire, which is a fintech solution for real estate, and Fortuna Coolers, which is a company that helps fishing communities turn coconut husks into cold storage container, are some of the notable funded startups that have had social impacts and are associated with MAIN.
