Jun 22, 2021 | Business
1982 Ventures backs Hugo, a Singapore based digital wealth and savings app that helps Singaporeans develop healthy saving and investing habits. The Hugo app is now available in both Apple iOS and Google Play for iOS.
– Hugo raises $2 million (USD) in Seed round from 1982 Ventures and prominent family offices and angels
– Hugo’s Wealthcare App gives customers control over their financial well-being and access to flexible savings and investment products
– Hugo recently launched its Gold Vault which makes investing in gold easy and accessible to all, with increments as small as S$0.01
Hugo has secured funding of $2 million (USD) from 1982 Ventures, prominent global and Singaporean family offices and angels. Hugo helps users develop healthy saving and investing habits that make financial security accessible to everyone in an easy and intuitive way. Founded in late 2019 by David Fergusson (CEO), Ben Davies (COO) and Braham Djidjelli (CPO), Hugo is positioned as the first Wealthcare App in the region.
David Fergusson, Chief Executive Officer and Co-Founder, of Hugo stated “Money is the biggest cause of stress and Covid-19 has only reinforced how financially unprepared most of us are. We are excited to introduce Hugo at a time when financial wellbeing has become so relevant.”
Hugo’s most unique feature is its Gold Vault and makes investing in gold easy for all. Hugo customers can buy or sell gold for as low as 0.01 SGD. Gold has always been a core investment for the ultra-wealthy and offers safety and wealth preservation in times of inflation and market turmoil. Hugo’s Gold Vault is backed by physical gold stored in an accredited LBMA (London Bullion Market Association) vault and insured by Lloyds of London, giving savers the same protections as large hedge funds and private banks.
Herston Powers, Managing Partner, of 1982 Ventures said “Hugo is democratizing access to gold with a low fee product that is extremely thoughtful and approachable. Singapore is a perfect market to launch the next generation of digital banking and wealth solutions.”
Hugo is on a mission to help users save more. Hugo customers benefit from Hugo’s Gold Vault (gold investing), Roundup (auto savings), Money Pots (setting financial goals) and the Hugo Platinum Visa Debit Card.
Scott Krivokopich, Managing Partner, of 1982 Ventures stated, “Hugo is proving that fintech startups will win the digital banking race in Southeast Asia by launching the first Wealthcare App in Singapore. The founders have a long and deep history in the region with roots that trace back to the 1930s in Singapore. Hugo has the banking and regulatory experience required to protect customers and grow a sustainable business.”
Hugo will use the funds to continue to enhance its offering with new customer-driven products and services. Hugo is also exploring market expansion in several Southeast Asian geographies and outside the region with local partners.
About 1982 Ventures
1982 Ventures is a Singapore-based VC firm focused on investing in early-stage fintech start-ups in Southeast Asia, investing in and supporting the best founders in positively impacting the future of financial services in Southeast Asia. 1982 Ventures is the partner of choice for international investors, corporates and fintechs to gain access to Southeast Asia. Feel free to reach out for more info on www.1982.vc, and follow us on LinkedIn.
About Hugo
Hugo is a Singapore-based digital wealth and savings app that helps Singaporeans develop healthy saving and investing habits, ensuring financial wellbeing and providing access to gold to all. For more information visit www.hugosave.com.
Topic: Press release summary
May 27, 2021 | Business
, including 217 million mobile customers and 22 million fixed broadband customers. The Group is present in 26 countries. Orange is also a leading provider of global IT and telecommunication services to multinational companies, under the brand Orange Business Services. In December 2019, the Group presented its new Engage 2025 strategic plan, which, guided by social and environmental accountability, aims to reinvent its operator model. While accelerating in growth areas and placing data and AI at the heart of its innovation model, the Group will be an attractive and responsible employer, adapted to emerging professions.
Orange is listed on Euronext Paris (symbol ORA) and on the New York Stock Exchange (symbol ORAN).
For more information on the internet and on your mobile: www.orange.com, Orange News_ mobile app, www.orange-business.com or to follow us on Twitter: @orangegrouppr and @orange.
Orange and any other Orange product or service names included in this material are trademarks of Orange or Orange Brand Services Limited.
May 13, 2021 | Business
The Board of Directors (the “Board”) of NutryFarm International Limited (the “Company’, and together with its subsidiaries, the “Group”) wishes to announce that Global Agricapital Holdings Pte. Ltd. (“Global Agricapital”), a wholly-owned subsidiary of the Company, had on 11 May 2021 entered into a memorandum of understanding with EBuy Pte Ltd (“Ebuy”) to expand its durian business activities in Singapore (the “MOU”).
Under the MOU, Ebuy will import and distribute pre-packaged durians into Singapore from Malaysia and Thailand on behalf of Global Agricapital, and from the suppliers of Global Agricapital. Global Agricapital will ensure the consistent supply, quality and authenticity of the pre-packaged durians from its suppliers.
The parties expect to start the first shipment by 1 June 2021.
Established as an e-commerce company in Singapore since 2013, Ebuy is a leading distributor of fresh produce in Singapore, including daily fresh vegetables and fruits, to food service providers, retailers, restaurants and hotels. Ebuy has 13 refrigerated warehouses in 3 locations with 16 trucks.
Since December 2020, Nutryfarm has announced various agreements to sell a total of 1,480 containers of fresh durians from Thailand to major Chinese fruit importers. The total contract value of these agreements is estimated at approximately RMB 962.0 million as announced on 13 February 2021.
The Company would like to refer to the announcements on 28 December 2020 and 8, 18 and 29 January 2021, and 5 February 2021 (“Previous Announcements”), in respect of the wholesale trading of fruits through Global Agricapital. The affected risks involved under this MOU are substantially less than that
of the contracts disclosed under the Previous Announcements, and are not anticipated to be significant.
The Company is intending to seek shareholders’ approval for a proposed diversification of the Group’s core business in view of the Group’s intention to build these capabilities. The Company has submitted the circular for SGX approval on 16 February 2021 and is intending to convene a general meeting to seek shareholders’ approval as soon as practicable.
Topic: Press release summary
Apr 21, 2021 | Business
George Town, Cayman Islands, 20 April 2021, ZEXPRWIRE, – In today’s financial paradigm shift, inclusiveness remains an ever-aching challenge for smaller investors looking to get involved with the market’s up-and-coming crypto-centered projects. Dominated by VCs with significant market power and clout, small-scale investors have few opportunities to secure early-stage allocations and lucrative yields.
Stacker Ventures, a venture DAO, plans to do away with entry barriers, effectively allowing backers to access emerging opportunities from the get-go. Stacker Ventures initially deployed a fund designed to pool users’ assets in hopes of purchasing inspiring utility tokens. In only a few weeks after its launch, SV’s first fund racked up over $10 million in commitments.
Now, Stacker Ventures is entering the fascinating DeFi market in full force, aiming to facilitate efficient yield farming for its community.
Stacker Ventures Deploys Yield Funds
DeFi yield farming is a beast of its own, leading to millions in daily revenue for users worldwide. In spite of its sheer potential, yield farming often entails ever-growing gas costs that prove unsustainable for investors lacking significant capital. Moreso, profitable yield farming also necessitates a complex understanding of market mechanics, leaving many would-be investors out of the loop.
Centralized yield farming options exist, but they lack transparency whilst engaging in predatory practices that rob users of their potential profits. It’s about time that a truly decentralized and transparent alternative emeged.
Such is the case with Stacker Ventures as part of its active yield funds, the community may access investment-grade DeFi yields without incurring high gas fees or having to let go of capital security. Funds are therefore non-custodial, with smart contracts ruling over the entire process. Professional managing farmers deploy whitelisted yield strategies voted upon by the community of $STACK holders, who govern over the platform.
Yields in ETH, WBTC, and USDC
Projected yields vary depending on the strategy deployed, market moves, and the assets pooled together. Getting involved is incredibly easy, only requiring a web3 wallet connection to deposit ETH, WBTC, and USDC.
Through its unique value offering, Stacker Ventures is able to front-run yield aggregators, granting its treasured community the upper-hand in the fight towards optimal DeFi-based yields.
To learn more about Stacker Ventures, check out their Docs, Discord server, and Telegram community.
