The venture capital fund will focus their investments in early-stage startups, as well as establishing joint ventures with global companies to navigate the Indonesian market.
The PM has given the green light to the equitization plan for Song Da Vietnam.
SPH will take a one-third stake in the startup for S$980K (about US$708k)
Formerly known as Unitus Impact, the name change is a move to reinforce the firm’s evaluation and commitment to early stage ventures in Southeast Asia.
The Malaysian startup provides hostel booking services for students to find accommodation.
The Beacon VC fund will focus on financial innovations that align with the bank’s strategies.