Powered by Catcha Group, Wild Digital Southeast Asia 2019 saw a record-breaking crowd of 100+ speakers, 1700+ attendees, 50+ sessions and 2 After Parties over the two days of 3rd and 4th July 2019.
Its fifth year running, Wild Digital was birthed with the objective of connecting tech and digital leaders, and key decision makers of the region on one platform, allowing for the exchange and furthering of ideas with the aim of driving the region’s tech advancements. This year’s theme was aptly “Advancing SEA’s Billion-Dollar Ideas”.
Keynote speakers included Patrick Grove, Dato’ Seri Anwar Ibrahim, YB Syed Saddiq, Roger James Hamilton (The New York Times Bestseller), Nick Nash (Managing Partner & Co-founder, Asia Partners), Eric Gnock Fah (Klook), Mark Britt(iflix), Agung Bezharie (Warung Pintar) and many more. Key pull out quotes included,
“Only 10 years behind China, we, Southeast Asia are currently in the unicorn phase – a turning point for most regions in the world.” Nick Nash, Co-Founder and Managing Partner of Asia Partners.
“Our focus is mostly right now on gaming companies, video entertainment, OTT, and to some extent e-commerce and also fintech companies. Me and you, as consumers, spend most of our time on our phones. There are a lot of services there that can be monetized. Therefore, having the platform that allows for end to end monetization is something we have built,” Zoran Vasiljev, CEO, Apigate Sdn. Bhd.
“Traditional grocery retail industries in SEA will change more in the next 5 years than in the past 50!” Ronald Chan, Group COO, Happy Fresh.
“There is no better time than now to prove that women have a voice and people need to listen.” Beverly Chen, Marketing Director, APAC, AppsFlyer.
The two-day event also saw many firsts for Wild Digital. A live crowdfunding segment took place throughout the two days. A collaboration with PitchIn, Malaysia’s leading crowdfunding platform, the segment allowed for all attendees to invest in 15 curated investment-ready start-ups from the region, from as low as USD100. By Day 2 of Wild Digital SEA, PitchIn recorded a total of RM80k in pledges.
Wild Digital also held a private session with Dato’ Seri Anwar Ibrahim on the evening of day one, co-hosted by Khailee Ng, Managing Partner of 500 Startups and Amira Karim, Head of Public Policy, Stripe. A closed-door by-invitation only session, the segment was a cozy dialogue between Dato’ Seri Anwar Ibrahim, Khailee, Amira, and over fifty internet leaders of the region.
Patrick Grove, Catcha Group, Co-Founder, “This is the reason we started Wild Digital and this is our differentiator. We don’t just wanna have a hyped-up mass conference. We want to actually be the platform where cool, change-making internet leaders come together to engage, share ideas, and push for growth – and Wild Digital is committed to doing this. To always be that platform and hopefully open doors to the next generation of a fresh digital tsunami.”
Khailee Ng, 500 Startups, Managing Partner, “If all of us are walking the right steps, we can run.”
Amira Karim, Stripe, Head of Public Policy, “We are just expanding and starting with Malaysia here, officially launching in Sept/Oct. Stripe is traditionally US-centric and coming to Malaysia meant that we had to learn (about this country and market). To listen to you; and this is just our Beta version, but we already have 20 companies with us, many of them start-ups. Malaysia is looking to expand its inclusiveness. How do we, all of us here, expand and grow the GDP of internet in Malaysia?”
Dato’ Seri Anwar Ibrahim, President, People’s Justice Party, “Let’s encourage local startups and the localization of companies. We have to, all of us, trust the local players. Replace race-backed economic policies, and not ignore the plight of the poor.”
Dr. Sumitra Nair, MDEC, Vice President, Talent & Digital Entrepreneurship, “We have to break the silos by fostering a sense of conversation. Have new ways of thinking, new ways of working together. There’s so much to do, so much to accelerate.”
Choo Ping Ang, Expedia, Asia Senior Director, Corporate and Government Affairs, “Skill is important. This year alone, we brought 3 million in business to Malaysia. We’re looking to work with more SMEs, hotels and the like to bring more tourists to Malaysia. Expedia is committed to working in the tourism and hospitality industry in the country by continually upskilling them.”
Raymond Hor, Kejora Ventures, General Partner, “We are working with governing bodies like the Securities Commission to co-ordinate more funds here but money is never enough. Rather than wait for the government to give us funds, why don’t we look to inviting VCs from the outside to invest in Malaysian start-ups? We can have regional funds and participate in high growth countries like Indonesia, as well as Malaysia. That’s the key — matching foreign and local money.”
Wild Digital sets a fast-paced and specially curated first-class main stage programme with an exciting mix of established industry giants and rising digital disruptors. Speakers on stage must be of a CEO, MD (SEA/APAC), Founder or Co-Founder position. Start-ups included must have raised at least USD10 million, venture capital or corporate ventures firms a fund size of at least USD100 million.
In line with the global movement to combat pollution and save the planet, Wild Digital has also gone plastic-free this year on with Tengku Zatashah Idris leading the charge, on a panel on Day 2. In line with Tengku and Wild Digital’s aim this year to go #zeroplastic and #stopsingleuseplastic, plastic used before, during and after the conference was reduced, reused or recycled.
For more information and the full line-up of speakers and attendees, head on over to www.wilddigital.com.
Wirex Launches Enhanced Cryptoback™
Today, payments platform Wirex launched a supercharged update of their revolutionary Cryptoback rewards programme. Customers can now earn up to 1.5% back in Bitcoin on Wirex Visa card purchases.
Released in 2018, Cryptoback was the world’s first rewards programme that paid out 0.5% in cryptocurrency for all in-store spending with the Wirex Visa card. Thanks to the recent launch of the Wirex Token (WXT), customers can now triple the amount of BTC they earn – making investing in cryptocurrency easier than ever before.
Depending on the amount of WXT held, in-store Wirex card purchases now generate up to 1.5% in Bitcoin. There are three levels of crypto rewards available:
- 500,000 WXT = 1.5% Cryptoback
- 100,000 WXT = 1.0% Cryptoback
- 50,000 WXT = 0.75% Cryptoback
Wirex have calculated that the average UK consumer stands to earn more than £300 in Cryptoback every year, just by using their Wirex Visa card for day-to-day spending. Unlike many other cashback programmes, Wirex doesn’t impose restrictions on what customers can do with their rewards. Cryptoback can be redeemed instantly into their Bitcoin accounts, or quickly and easily exchanged into fiat for spending.
Enhanced Cryptoback is just one of the ways that holding Wirex Tokens allows customers to get even more out of their account. They can also enjoy heavily discounted fees based on the same structure, with access to premium products, merchant offers and airport lounges coming soon. As Wirex co-founder Pavel Matveev explains:
“We created the Wirex Token to be something that provides tangible value and benefits for holders beyond its market trajectory. Enhanced Cryptoback is the perfect example of this, as it allows customers to earn and invest in digital currency with a minimum of fuss. We’re looking forward to introducing even more benefits for WXT holders soon.”
Aegis Capital Corp. is pleased to announce its commitment to Equity Research
Aegis Capital Corp. continues to expand its equity research platform with the addition of Benjamin Zucker and James Jang. Benjamin joined in May 2019 as Head of Specialty Finance and James joined in June 2019 to head up the Maritime & Special Situations. These new coverage areas will bolster Aegis’ existing research footprint in the Internet/TMT and Healthcare sectors.
Mr. Zucker joined Aegis from BTIG LLC, where he was a Director and lead analyst covering Mortgage REITs and real estate finance companies. Prior to BTIG, Mr. Zucker was a Vice President at JMP Securities LLC where he covered similar sectors. Benjamin began his career in equity research at Pritchard Capital Partners. At Aegis, Mr. Zucker’s coverage will span across several Specialty Finance sub-sectors including Mortgage REITs, Equity REITs, Business Development Companies (BDCs) and Financial Technology firms (FinTech). Benjamin’s current coverage list includes: Medalist Diversified REIT (MDRR), Sachem Capital Corp. (SACH), and Saratoga Investment Corp. (SAR).
Mr. Jang joined Aegis from Maxim Group LLC, where he was a Senior Vice President and lead analyst covering the Industrials, Infrastructure and Clean-Technology sectors. Previously, Mr. Jang was a senior analyst at Sidoti & Co. covering furniture and textiles and was an equity research associate at Canaccord Genuity covering Maritime and Upstream E&P companies. Since joining, Mr. Jang has expanded Aegis’ research platform into the Agriculture, Oilfield Services, and Industrial Technology sectors with coverage of Profire Energy (PFIE), Marrone Bio Innovations (MBII), Yield10 Bioscience (YTEN) and Sigma Labs (SGLB).
Michael Pata Aegis’ Head of Business Development commented: “Hiring Benjamin and James continues to show Aegis’ commitment to equity research, which brings institutional quality analysis to the small and mid-cap universe.”
SOURCE Aegis Capital
LexinFintech Announces US$300 Million Private Placement of Convertible Notes with PAG
LexinFintech Holdings Ltd. (NASDAQ: LX) (“Lexin” or the “Company”), a leading fintech platform for educated young adults in China, today announced that it has entered into a convertible note purchase agreement with PAG, a leading Asia-focused private equity firm with over US$30 billion in capital under management, pursuant to which the Company will issue and sell convertible notes in an aggregate principal amount of US$300 million to PAG through a private placement. The private placement is subject to satisfaction of customary closing conditions and is expected to close on or around September 16, 2019. The gross proceeds raised from this placement will be approximately US$296.4 million.
The convertible notes will mature in seven years, bearing interest at a rate of 2.0% per annum. The notes will be convertible into fully paid Class A ordinary shares of the Company or ADSs at a conversion price of US$14 per ADS at the holder’s option from the date that is six months after the issuance date. The holder of the notes will have the right to require the Company to repurchase for cash all or any portion of the notes on the fourth anniversary of the issuance date.
At closing, the Company will appoint to its Board of Directors one person designated by PAG.
Mr. Jay Wenjie Xiao, Founder, chairman and chief executive officer of the Company, said, “We are excited to have PAG as our new investor. This investment will enable Lexin to further develop and enhance our consumption-based ecosystem, improve product offerings to our educated adult customers, continue to invest in technology, build up additional consumption scenarios, and provide more consumer benefits to our customers.”
“PAG has a strong commitment to and deep understanding of China’s financial services industry, and we have a demonstrated track record of seeking out and engaging with the industry’s leading companies,” said PAG Chairman & CEO Weijian Shan. “Lexin has an unparalleled platform for meeting young consumers’ credit needs while strictly controlling and minimizing credit risks, which makes it unique, and we are looking forward to supporting the company as it embarks on its next stage of growth.”
Goldman Sachs (Asia) L.L.C., BofA Merrill Lynch and China Renaissance acted as the private placement agents to Lexin on the transaction.
SOURCE LexinFintech Holdings Ltd.
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