( FinTech × HR Tech STARTUP COMPANY )
Singapore, 27 February 2017 - VENTENY.com, a hybrid employee benefits and FinTech Solutions platform has successfully completed to raise an undisclosed amount in seed round led by KK Fund, an early stage Venture Capital Based in Singapore, followed by Ocean Capital, Inc., a financial business group based in Japan, and individuals.
VENTENY was launched in April 2015 as an exclusive website which serves as a platform for employees working for companies in the Philippines. Philippines service as the first country for VENTENY to initially operate as a pilot market before expanding to the other countries in Southeast Asia. VENTENY offers clients’ employees loyalty programs in the form of exclusive perks, which gives discounts at establishments such as restaurant, gym, and hotel. VENTENY also offers web-based short term loan services -in partnership with banks and non-banks financial institution to eliminate the financial issues and to enhance loyalty, focus, and commitment to the member companies. Now, VENTENY has grown into one of the fastest growing hybrid FinTech × HR Tech start-up companies in Southeast Asia with more than 40,000 registered employees in the Philippines and doubling in size every year.
VENTENY was established to focus on the increasing demand from both corporations and partner merchants including financial solution providers. CEO and Founder of VENTENY, Junichiro Waide added, “I see many companies in Southeast Asia have been facing issues with low engagement and high turnover rate of employees due to the reasons that employees sometimes experience short of cash, lack of credit, lack of reason to stay in the same company. So here we are, as VENTENY, will fill out the gap between companies and employees."
Katsuya Kitano, CEO from Ocean Capital added, “The underdevelopment of infrastructure in Southeast Asia including Philippines has made limitations to people availing financial services. However, VENTENY with its unique business model would overcome such limitations and bring the world where employees can work with less financial issues.”
Koichi Saito, Founder and General Partner from KK Fund also added, “There is still huge pent-up demand for consumer loans as not all major bank actively provide consumer loans, and the demand is still growing, but it is not easy to ascertain creditor’s creditworthiness due to lack of data in the region. By working with corporates, VENTENY has unique visibility to borrower’s ability to repay loans and can leverage on that in order provide short-term loans efficiently to borrowers."
With this round of funding, VENTENY aims to scale at a faster pace. The focus will be building a much stronger team, developing new features for companies & employees and to expand regionally.
About KK Fund
KK Fund is a venture capital fund investing in seed stage internet and mobile startups across Southeast Asia, Hong Kong and Taiwan
About Ocean Capital
Ocean Capital is an independent investment company that focuses its activity on the financial assistance services of a starting business such as online lending business overseas and social lending business, SMS Payment business, etc. in Japan.
For more information, please visit www.venteny.com.
For media inquiries, please contact:
Junichiro Waide I email@example.com I +632 833 3453
VENTENY Pte. Ltd.
Founder and General Manager: Junichiro Waide
Incorporation: August 5th 2016
Address: 80 Robinson Road #10 - 01 Singapore (068898)
Founder and CEO: Junichiro Waide
Incorporation: February 23rd 2015
Address: 3F 812 A. Arnaiz Ave. San Lorenzo Village, Makati City, 1229, Philippines