Fintech
Lighthouse Global Holdings, Inc. (LHGI) Announces Signing of MOU with ENP1C, a Solar Energy Company with 60MW Renewable Energy Project
LIGHTHOUSE GLOBAL HOLDINGS, INC. (LHGI), a Holdings Company for Tech Start-ups, is set to expand its acquisition target to include a range of revenue generating companies that have impact on the ESG (Environmental, Social, Governance) sectors
Las Vegas, Nevada–(Newsfile Corp. – July 9, 2020) – Lighthouse Global Holdings, Inc. (OTC Pink: LHGI) (“LHGI”) has signed an MOU with Embrace Nature Power1 Corporation, Philippines (ENP1C), to acquire up to Twenty (20%) percent in exchange for LHGI ordinary restricted shares upon the commissioning of the Renewable Energy Plant, subject to ENP1C’s performance.
MOU Signed Between LHGI and ENP1C
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ENP1C is a new generation developer of 60MW Solar Power Project; Phase 1 – a 44MW and Phase 2 – a 16MW Solar Energy farm under Service Contracts with Department of Energy, both of which are located in General Santos City, South Cotabato, Philippines. ENP1C has secured a 486 hectares duly blocked by the Department of Energy (DOE).
ENP1C is fully entrenched as a renewable energy developer in the Philippines to explore, develop and operate its natural resources such as solar, wind, hydro, biomass, and waste-to-energy markets. In September 2019, the DOE is targeting to triple the existing renewable capacity of 5,438 MW in 2010 to 15,304 MW by 2030 (Fig 1). Solar energy is projected to grow more than 300% from 2018 to 2030, the biggest sector of renewable in Philippines.
Danny Lim, CEO of Lighthouse Global Holdings Inc., rationalized, “The solar renewable market is projected to grow exponentially in the next 10 years. Being one of the world’s most expensive rate for electricity means ENP1C has a great leverage to make lucrative profit when it is operational. The EPC cost of a Solar farm has decreased rapidly but is not yet congruent to the prevailing expensive electrical bills in the country. For certain as we move forward, Solar energy will play a very vital role in bringing down the future electrical cost that will benefit the end consumers. Looking forward by defraying household cost and thus constitutes to increase their power spending attributed to this industry.”
Upon the MOU is executed, LHGI will start its due diligence on ENP1C’s financial and technology edge in consonance to its future expansion plans for the Philippines energy market.
LHGI is overwhelmingly aggressive towards the pursuit in the acquisition of technology entities in the Philippines. Just 3 weeks ago, LHGI has signed another MOU with AERO360, a drone technology solutions company. What would be the significance of all these undertakings?
“AERO is a profitable and fast growing company. From the last signing, they had been engross tendering for a number of contracts, while we do our due diligence. We will possibly enter into a more definitive agreement soon. As for ENP1C, it is a basic utility and project based company which is a fundamental core of countries economic growth. Its potential market demand is dynamic and environmentally sustainable. To achieve its fulfillment requires extensive cost and effective studies from pre-development to its construction phase. It is keen to take off its wings by first quarter of 2022. LHGI is driven to install and construct this project as per specified milestone with a 20% equity stake,” commented Danny.
Danny added, “However, for now, ENP1C will need to raise substantial funds to develop their projects. Strategically, LHGI has another Tech Startup known as Projagg, which we had acquired in November 2018. Projagg had since been revamped and redesign to help developers, such as ENP1C to raise funds and to ensure transparency and accountability throughout the entire development phase. This is one of the many projects we have in place for Projagg when we do a soft launch in August. This is an excellent alignment of interest for all our partners, associates and stakeholders.”
Projagg, as mentioned by Danny, is a project aggregator for the real estate and project development. It will be interesting to note that all funds raised for LHGI’s acquisition plans will be conducted via the Projagg platform. This literally means Projagg will have a ready pool of projects to kickstart. It is intriguing, though challenging, to see how LHGI is piecing all their strategic acquisitions to assist each other.
Yan V. Amante, the President and CEO of ENP1C, is confident. “The challenge for getting a solar farm project in Philippines is extremely tedious and involves enormous paper works. It is incredible to earn such numerous entitlements and we surpassed it. Thankfully, due to President Duterte’s new reforms, this project will be more competitively profitable than previously planned imparted upon by the Renewable Portfolio Standard (RPS) Law. The imperative imposition to all Distribution Utilities and other exposed fossil driven industries to avail a mandatory support of renewable energies. With LHGI’s partnership, we believe we will be able to raise the required amount to kickstart development soonest. This is only the beginning of many projects in our pipeline. We are pleased to be working with Danny and his team.”
Electricity prices in the Philippines are amongst the highest in Southeast Asia at about US$0.20 per kWh. This is due to the long monopolization of Power Supply, as well as the country’s dependence of imported fossil fuels. However, situations are favorably changing as the government introduces more efficient fair and reasonable regulations.
The dramatic reduction of power utility cost may paves way to a better life to Filipinos as well as the protection and preservation of our environment and habitat. LHGI is redirecting its business portfolio towards a symbiotic impacts on social, technology and economic balance with sturdy foundation to generate sound profit and revenues resiliency.
The AERO360 drone company bears complementary projects with ENP1C and Projagg spearhead its platform to aggregate all these projects for the provisions of required equivalent funding.
About Lighthouse Global Holdings, Inc.:
Lighthouse Global Holdings, Inc. is a diversified holdings company that acquires emerging companies in key industries where rapid revenue growth and market share penetration are poised for significant gains or simply a joint venture. Our main focus is to acquire, nurture and partner with technology-driven startups to bring them to NASDAQ or any National Exchanges in 5 years. Our target companies must have revenue or a ready market, competent management teams with in-depth experience in their industry and have developed products or services that have a unique edge in their marketplace. Our evaluation matrix and consultant screening process help us filter hundreds of opportunities to effectively pick companies that can grow and evolve into high performing growth entities. In short, we hope to be one of the largest “Unicorn Breeder” in time to come.
For more information on Lighthouse Global Holdings, Inc., visit www.LHGIncorp.com
CONTACT:
Jem Castro
[email protected]
Plug and Play, a global accelerator platform and one of the most active early-stage investors globally, has announced a strategic partnership with Gujarat International Finance Tec-City (GIFT City). Through the partnership, Plug and Play will establish and run the International Fintech Innovation Hub (IFIH), GIFT City’s FinTech Incubator and Accelerator, which aims to foster research and innovation in financial technology, reinforcing GIFT City’s role as a premier global fintech hub.
GIFT City’s MD and Group CEO, Mr. Tapan Ray, said, “Our vision at GIFT City is to drive fintech innovation by creating a climate-resilient, inclusive ecosystem that empowers diverse entrepreneurs and builds workforce competitiveness in emerging technologies. With the support of prominent partners in fintech education and incubation, we are committed to nurturing a new generation of talent that will be well-equipped to meet the needs of an evolving global economy.”
Manav Narang, Head of Financial Services for Plug and Play APAC and Program Lead for the GIFT Incubator and Accelerator added, “We are thrilled to bring Plug and Play’s global expertise to GIFT City. Our vision is to create India’s largest industry-wide fintech program – a collaborative platform where banks, payments corporations, venture capital and corporate venture capital firms, accelerators, and ecosystem partners unite. Together, we aim to catalyze transformative fintech solutions and nurture fintech unicorns that will shape the future of finance in India.”
The program will support fintech startups with resources, mentorship, capital, and networking to navigate and excel globally in the dynamic fintech landscape. The first batch of startups will be unveiled in January 2025.
The post Plug and Play and GIFT City Launch “IFIH,” a Global Fintech Incubator and Accelerator appeared first on .
Doo Group’s brokerage brand, Doo Financial is thrilled to announce its expansion into Indonesia by acquiring a reputable Indonesian broker to expand the business. This move brings its global investment services to local investors. Backed by the strength of Doo Group’s extensive international presence, cutting-edge technology, and 10 years of expertise, Doo Financial is well positioned to support investors at every level.
As a brand encompassing investment services offered by various legal entities within the Doo Group, Doo Financial provides a comprehensive range of global brokerage services. This wide range of products empowers investors to pursue their financial goals.
With a diversified portfolio, Doo Financial empowers investors to navigate various market conditions effectively, manage risks, and focus on long-term growth. This entry into the Indonesian market reflects Doo Financial’s commitment to supporting investors with flexible, high-quality investment options tailored to today’s dynamic financial landscape.
Supervision by International Regulatory Institutions to Ensure Top-Tier Safety
As a global leading finance group, Doo Group has licensed entities regulated by top regulatory authorities worldwide, ensuring a secure and reliable trading environment.
Our global credentials include licenses from the U.S. Securities and Exchange Commission (US SEC), the Financial Industry Regulatory Authority (US FINRA) in the U.S., the Financial Conduct Authority (UK FCA) in the UK, the Australian Securities and Investments Commission (ASIC), the Hong Kong Securities and Futures Commission (HK SFC), Badan Pengawas Perdagangan Berjangka Komoditi (BAPPEBTI) in Indonesia. These licenses enable us to provide secure and reliable financial services globally.
Dedication to Shape the Industry with Innovative Solutions
Doo Financial’s expansion into Indonesia brings advanced technology and a global perspective to empower local investors. As an international investment firm committed to secure and seamless trading, Doo Financial offers a diverse range of products and services to help diversify portfolios and open up new opportunities.
This growth elevates opportunities for Indonesian investors by offering seamless access to global markets and advanced trading platforms within a secure and regulated environment. It broadens investment choices and enhances the trading experience, aligning it with international standards and empowering local investors with comprehensive tools and resources for success.
Driven by unwavering commitment, this growth marks a significant milestone in Indonesia’s investment landscape, equipping our clients with the tools to navigate global markets. We remain dedicated to delivering exceptional service, exploring new opportunities, and driving future breakthroughs. With continued support from the FinTech community, we are excited to innovate and shape the future of finance.
Stay updated with the latest insights from Doo Financial. Join our community of empowered investors and let us be your trusted partner!
E-mail: [email protected]
The post Doo Financial Now in Indonesia: Offering Local Investors A Gateway to Global Markets appeared first on .
Fintech is on an accelerated trajectory of investment, collaboration, and innovation. This pulse tracks the most significant developments in the sector, from high-profile investments to global platform expansions. Each update in this briefing serves as a key indicator of where the industry is headed.
1. European Fintechs Face Regulatory Pressures Amid New Investment Surge
The European fintech sector finds itself at a crossroads with increasing scrutiny and rising costs due to stringent regulations. While investments continue to flow into the continent’s financial technology companies, challenges in meeting new compliance requirements, especially around data privacy and cybersecurity, create a complex landscape for scaling. This tension between opportunity and operational limitations might affect European fintechs’ growth strategies.
Source: Financial Times
2. Shopify, Slack Founders Join Peter Thiel in Fintech Investment Push
Tobi Lütke of Shopify and Stewart Butterfield of Slack, along with investor Peter Thiel, have co-invested in a new fintech initiative that aims to bolster small business access to capital. By merging technology with a streamlined funding model, this new initiative targets underserved SMBs, highlighting a broader trend of high-profile tech leaders pivoting to fintech investment. The participation of Lütke and Butterfield signals increased cross-sector collaboration in fintech, bringing expertise from e-commerce and communication technology into the financial arena.
Source: Yahoo Finance
3. Lean Technologies Raises $67.5 Million to Drive Fintech Innovation in the Middle East
Riyadh-based fintech platform Lean Technologies recently secured a $67.5 million Series B investment round, aiming to expand its operations across the Middle East. This funding reflects growing investor interest in emerging markets and the potential of Middle Eastern fintech to bridge regional gaps in financial services access. As Lean Technologies broadens its service offerings, the funding will support further technological integration and scalability across financial ecosystems in the region.
Source: Fintech Global
4. Apollo Global Management Invests in Fintech for Private Offerings Support
Apollo Global Management has taken steps to enhance its services for private offerings by investing in specialized fintech solutions. This development signifies a growing trend among private equity firms to adopt fintech as a core component in their service expansion, particularly for personalized client services. Apollo’s strategy of integrating fintech solutions into private offerings marks a strategic shift toward digitalization within traditional financial sectors.
Source: Bloomberg
5. Juniper Research Names 2025’s Future Leaders in Fintech
Juniper Research has revealed its picks for the top future leaders in fintech for 2025. This list emphasizes innovation in fields such as AI, open banking, and decentralized finance, highlighting startups that exhibit potential for reshaping industry standards. As these up-and-coming firms push the boundaries of traditional finance, they exemplify the rising tide of next-generation financial technology poised to become industry mainstays.
Source: Globe Newswire
Conclusion
The convergence of seasoned tech giants with fintech, new funding rounds for region-specific platforms, and the rise of future industry leaders underscore the momentum of the fintech sector. Each of these stories reflects a broader narrative: fintech is not only diversifying in services but also rapidly integrating into traditional finance and tech, paving the way for a transformative era.
The post Fintech Pulse: Evolving Fintech Investments and Partnerships Signal Industry Transformation appeared first on HIPTHER Alerts.
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