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1:1 matching provide to be used in R&D into new varieties of fee solutions Mida became ‘pretty useful,’ account manager ‘believed in what we do’ SOFT Space International, whose mobile factor of sale (mPOS) solution has been adopted by way of a number of the principal banks inside the vicinity, has been permitted for a 1:1 matching grant well worth RM18.4 million (US$5.6 million) via the Malaysian Investment Development Authority (Mida). [RM1 = US$0.31]   The grant, beneath the RM1 billion Domestic Investment Strategic Fund (DISF), might permit the startup to move to the following stage and turn out to be a “payment innovator,” its director of corporate and strategy making plans Chris Leong (percent) instructed Digital News Asia (DNA) these days.   “The money can be used for research and improvement (R&D) into new products – we need to have a look at exclusive strategies of payment,” he said, adding that this will encompass digital wallets, in addition to using analytics i...

Media exec Vincent Lee takes stake in promising start-up in surprisingly uncommon way Expect marketers to overcome a route to his door for similar offers FRESH from uncovering who the angel for maxman.tv turned into, or at the least narrowing it all the way down to considered one of brothers, this week Digital News Asia (DNA) can do even better -- how approximately an angel investor who coughed up a cool RM2 million (US$653,000) for a start-up inside the mobile fee area?   The start-up is Soft Space International Sdn Bhd, which DNA wrote about on Oct five. Founded with the aid of Chang Chew Soon, who describes his crew as “a group of software geeks obsessed on fee and cell improvement.” Soft Space is truely going locations, having signed a joint mission settlement with MOL AccessPortal Sdn Bhd. The aggreement will see them forming a cellular fee acquiring company in an effort to cognizance on small and medium organizations (SMBs), permitting them to take delivery of credit score...