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Category: Startups

Retail News Asia is committed to providing both local and global retailers with the latest Startup news throughout the Asian market. This on a daily base.

  • Former eHarmony marketing chief joins telco startup

    Former eHarmony marketing chief joins telco startup

    eHarmony’s former managing director, Nicole McInnes, has taken up the inaugural marketing leader’s chair at media telco startup, OVO.

    OVO provides a range of mobile phone plans to Australian consumers matched with data-free allowances across its own digital content platform, OVOplay. The group launched in 2016 and is positioning itself as a new type of hybrid telco/media offering, tapping into the Optus 4G network to deliver services and content.

    McInnes is the company’s first c-level appointment and first marketing chief. Most recently, she spent seven months as marketing director of WooliesX. Prior to this, McInnes was the local marketing director for eHarmony for 18 months. Her resume also includes marketing executive roles with Pandora and Adshel.

    “The day of the telco becoming the broadcaster has been a long time coming. OVO knows it, and is ahead of both industries in making it happen,” McInnes said in a statement announcing her appointment.

    “As a digital marketer who has been fortunate enough to get paid to indulge my deep interest in content and human connection that media represents, OVO is an exciting opportunity. This is a company that for all its success to date, is still in its early stages, with so much more creativity and creation to be undertaken to help it really take off.”

    McInnes said she joins OVO as it prepares to debut its patented machine-learning video platform. Her priority list also includes ramping up both the brand’s mobile business and exclusive digital sports and entertainment content partnerships.

    To date, OVO said it’s amassed more than 20,000 hours of unique content across sport and entertainment including e-sports, gymnastics, motorsport, sailing and Triple M and HIT radio currently available on OVOPlay. The intention is to build out this library of content as it rolls out its AI-driven video delivery platform over the coming months. The company also claims 60,000 mobile subscribers.

    OVO CEO, Matt Jones, said he’d known McInnes for years and was keen to get her on-board.

    “It was her experience inspiring consumers on behalf of digital native companies that were pioneering machine learning algorithms, that convinced me she was right for OVO,” he said.

  • Vietnamese startups pour $129 million into financial tech scene

    Vietnamese startups pour $129 million into financial tech scene

    Widespread smartphone usage, increased consumer spending and a low unemployment rate have spurred investment. Vietnamese startups have invested $129 million into financial technologies, with investors saying the country has high potential for tech development, a conference in Hanoi heard last week.

    Vietnam is one of the best markets for financial technologies given its widespread smartphone usage, increased consumer spending and low unemployment rate, Varun Mittal, Ernst & Young’s ASEAN FinTech head, said at the conference.

    FinTech (financial technologies) are technological innovations created to support or enable banking and financial services such as AI-powered trading.

    “Foreign investors are interested in and even willing to buy FinTech from Vietnam due to the country’s markets being attractive for FinTech development,” Mittal said.

    The company said there are almost 80 FinTech firms currently operating in Vietnam, with about 47 percent specializing in payment services. This is partly due to the fact that most Vietnamese people still conduct transactions in cash.

    Mittal also said that several banks want to collaborate with FinTech firms to develop digital banking software instead of developing the software themselves, citing lower costs.

    Korea-based financial group Keb Hana’s chairman Kim Jung Tai said that the group is working with a Vietnamese bank on the development of FinTech during a meeting with Vietnam’s Deputy PM Vuong Dinh Hue in Hanoi back in January.

    However, obstacles still remain. Vietnam’s financial services country leader for Ernst & Young, Nguyen Thuy Duong, said the Southeast Asian nation does not yet have an official policy regarding cooperation between banks and FinTech firms. The fact that many FinTech companies are just fledgling startups with limited capital, workforces and experience doesn’t help either.

    Duong added that the State Bank of Vietnam is working on developing a legal framework to experiment with FinTech before applying it on a larger scale.

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  • Rising costs in China make entrepreneurs look to Vietnam

    Rising costs in China make entrepreneurs look to Vietnam

    ‘People are starting to wonder if doing business in China is worth it.’ African nations have been turning to Vietnam as the business environment in China becomes increasingly more difficult. African businesses started flooding to Guangzhou City after China joined the World Trade Organization in 2001.

    Migration from Africa has risen as China “has stepped up its diplomatic links and investments with the continent,” the newspaper explained.

    In 2009, local media put the African population in Guangzhou at 100,000, including those who had overstayed their visas, it said.

    Guangzhou draws merchants who come to buy goods such as jewelry and electronics in bulk, which they ship back to their homelands.

    A part of the city has even been given the name “Little Africa.”

    But things have changed.

    The city’s African population had dropped to 10,344 in February last year, citing the municipal bureau of public security as saying, though Liang Yucheng, a professor of social sciences and humanities at Sun Yat-sen University, told the newspaper that there were still nearly 20,000 African traders in Guangzhou.

    Felly Mwamba, a leader of the Congolese community in Guangzhou, said one of the main reasons for this was rising costs, listing visa fees air tickets and other living expenses.

    “Most African trade with China is basic goods, like clothes, shoes, electrical appliances and low-end smartphones. Prices, logistics and living costs are all soaring in China,” a Kenyan trader identified as Don said.

    “Every day among the African community in Guangzhou, more and more have people started talking about going home or exploring new markets like India, Vietnam and Cambodia,” he said.

    The other reason for the falling African population in Guangzhou, as pointed out by Xinhua news agency in January, is that “police have tightened enforcement on illegal immigration.”

    Long-time African residents told that they have seen their compatriots lapse into “illegal” status after struggling with visa renewal requirements.

    Nigerians must submit criminal record checks for all work and student visas, and no African countries are eligible for 72-hour or 144-hour transit visa exemptions, unlike visitors from many other nations.

    “My friend had to go home to give fingerprints for a criminal record check. A return flight costs $2,000. By the time he got all his documents in order, his visa had expired,” said Akubakarr Sajor Barrie, director of an import-export company.

    “For a small business owner, this is really hard. People are starting to wonder if doing business in China is worth it and they’re going to countries like Turkey and Vietnam instead,” he was quoted as saying.

    Official data from the labor ministry showed the number of foreign workers in Vietnam grew by more than 12,600 in 2004 to 83,500 in 2015, and 93 percent of them are legal.

    Those foreigners come from 110 different markets, and most of them are from China, South Korea, and Taiwan.

    Vietnam was named among the top 10 destinations for expats in a ranking released in March to aim at guiding the world’s rising number of modern nomads.

    The country was placed ninth on the InterNations’ 2018 Expat Insider survey, climbing three spots from last year.

    More than four in five expats, or 81 percent, described the Vietnamese people as welcoming, and 73 percent said it was easy to settle down in the country, the survey found.

    Of the expats questioned, 56 percent said they had found it easy to make friends with locals, and 16 percent said they planned to stay forever.

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  • Blockchain-based ride-hailing app to arrive in Vietnam

    Blockchain-based ride-hailing app to arrive in Vietnam

    MVL says drivers will not have to pay commission, and the company will make a profit from selling data. A blockchain-powered ride-hailing app which requires no commission fee from drivers will be arriving in Vietnam this July in the wake of Uber’s departure last month following Grab’s acquisition of the firm’s Southeast Asian operations.

    MVL from the Singapore-based startup MVLchain is going to recruit its first batch of drivers in Vietnam this month.

    The upcoming app utilizes blockchain technology, and is the first ride-hailing app in Vietnam to do so, said CEO Kay Woo during a conference held in Ho Chi Minh City last Saturday.

    Blockchain technology utilizes a growing list of digital records which are linked and secured using cryptography. That means a blockchain system can act as a secure, open and transparent distribution ledger to record transactions between two parties efficiently and verifiably. Blockchain technology can be applied to manage assets, contracts and global payments.

    “Our data is stored using blockchain technology. That means all data belong to all suppliers in the system, which provides transparency,” said Woo. Fellow ride-hailing apps Grab and Uber instead store all their data in servers, said Woo.

    MVL will also not require its drivers to pay a commission. Instead, the firm will sell data generated from its daily operations to insurance and market survey companies to make a profit.

    The firm hopes to attract more drivers this way, aiming to eventually acquire 25 percent of all four-wheel and two-wheel vehicles currently operating in Vietnam.

    MVL will have to compete with Grab, the largest ride-hailing app currently operating in Vietnam. Once all the legal procedures are completed, MVL is expected to go live in Vietnam this July.

    Grab has raised suspicions about creating a monopoly in Vietnam now that its biggest rival Uber is gone, despite an official from the Ministry of Transport saying Grab is unlikely to do so, considering how there are other apps competing with Grab, including ViVu, Mai Linh Bike and Go-Jek.

    MVLchain was founded in 2012 by a group of Korean investors. It currently operates in South Korea, Taiwan, Hong Kong and Singapore.

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  • Blockchain Startup Nuggets Selected to Join Prestigious Access India Programme

    Blockchain Startup Nuggets Selected to Join Prestigious Access India Programme

    E-commerce payments and ID platform Nuggets has been selected to join the Access India Programme (AIP) – a prestigious initiative providing support to high-potential UK businesses seeking to establish a presence in India.

    In partnership with the UK India Business Council, the High Commission of India in London launched the AIP programme in 2017. It identifies high-potential UK SMEs using innovative technologies, and helps them establish themselves within the fast-growing Indian economy. Selected companies receive a range of invaluable services, from mentorship to networking and market-entry support.

    Nuggets offers compelling potential for the Indian economy. The country has only recently moved away from making 80% of payments in cash, with 60% of the population unbanked. Even so, India’s GDP is forecast to grow by 7.4% in 2018, and the economy is set to overtake both the UK and France in size over the next few years.  A consumer product like Nuggets, which enables simple, secure e-commerce payments, has obvious value in accelerating India’s move towards a cashless society.

    That move is already under way. IndiaStack, for example, is an ambitious program aiming to combine APIs and software on a single platform, and use bleeding-edge technology to bootstrap a new cashless infrastructure. It already boasts protocols such as eKYC and UPI, and could soon add Nuggets to its ranks.

    Seema Khinda Johnson, COO and co-founder of Nuggets, said: “Nuggets is a global payments and identity platform. Having support like this from the Indian High Commission will help our expansion efforts immeasurably.

    “We’re proud to have been selected for this programme. We’ve always believed in the power of our technology to empower consumers and boost economies. That’s especially true in such a vibrant, tech-focused environment as contemporary India.”

    Manish Singh, Economic Minister with the High Commision of India in London, said: “We are delighted to welcome Nuggets to our flagship AIP programme. Nuggets is exactly the sort of product we look for: exceptionally innovative, delivered in a way that can empower an entire population.

    This latest international victory for Nuggets comes soon after similar success in China. On 13th April 2018, the UK Government and the Mayor of London announced Nuggets would lead the UK Tech Mission in China. The company also took part in the recent launch of ‘Regulatory Sandbox for FinTech: UK-China Collaboration to Promote Financial Innovation’.

    Government support has played a critical role in Nuggets’ development. In its early days, the startup was selected by the UK Financial Conduct Authority (FCA) for its Project Innovate, enabling Nuggets to test its revolutionary product with consumers in the regulatory sandbox.

    Using blockchain technology, Nuggets enables people to make payments without having to share their personal data. That protects them from fraud, and eliminates the need for a username, password and payment details to be shared.

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  • Beenext-funded logistics automation startup Locus.sh expanding to Southeast Asia

    Beenext-funded logistics automation startup Locus.sh expanding to Southeast Asia

    Locus.sh, an Indian startup which provides a platform for enterprises to manage intra-city logistics for scheduled and on-demand deliveries with data analytics capabilities, is expanding operations into Southeast Asia.

    The Bangalore-headquartered company has live initial engagements with major e-commerce, third-party logistics, and retail players across countries in the region, Locus Co-founder and CEO Nishith Rastogi told e27.

    “Some of the clients are at a live pilot stage, and are excited at the value we can accrue for them in terms of reduction in logistics cost. Thus, the initial traction has been encouraging, and motivates us to make further inroads into all the major countries in Southeast Asia,” Rastogi said.

    Established in 2015, Locus helps organisations automate and optimise their logistics, while they focus on customers. This, the firm claims, results in reduced logistics cost, on-time deliveries and a better end user experience. The platform also helps companies dispatch, track and manage their on-field workforce efficiently.

    By 2020, the company aims to automate all the human decisions involved in sending a package from point A to point B, using Artificial Intelligence and Machine Learning.

    “Over the last two years and half, we have worked across industries and accrued value for enterprises of all sizes and scale in India. Having mastered the specific problem statements that the geography presents, and the associated change management, we are confident of our international expansion plans as our platform is now ready to be deployed across countries with specific problems of their own. We see huge similarities between the Indian and the Southeast Asian markets on how e-commerce as a industry is shaping up, and we want to utilise our learnings in this space to add value to clients right from day one,” stated Rastogi.

    In his view, for countries like Indonesia, where the logistics cost as a percentage of GDP is greater than 20 per cent, a number which is double that of Singapore and Malaysia, there’s a huge potential for cost reduction and savings, and this is where Locus fits in.

    In Southeast Asia, Locus’s key strategy is to analyse the growth potential and challenges faced by the e-commerce and third-party logistics industry. “We settled on targeting the Southeast Asia region following an internal research that shows the constraints faced by the market are very similar to that of India, including similar consumption patterns, poor road infrastructure, inconsistent address structuring, and a burgeoning tech-friendly user base validated by smart phone/ mobile-internet penetration.”

    On being asked about the plans to integrate blockchain into the platform, Rastogi said: “With consumers being more and more aware, they want to know if the companies they support share the same values as them, and for that transparency is a must. Plus, when dealing with companies that work across countries with multi nodal points, the parent company will want to know where the product is and where it is being processed.”

    “It’s imperative across industries, to have solid records to trace each product to its source. With a focus on introducing efficiency, consistency and transparency in supply chains across industries, adding blockchain capabilities fits right into our plans. This capability will further strengthen the Locus solution, and our product team is forming a strategy around incorporating this in our pipeline,” he noted.

    In May 2016, Locus raised US$2.75 million Series A led by Exfinity Venture Partners, with participation from Blume Ventures, Beenext and Fung Capital managing director Rajesh Ranavat. Prior to that, the venture raised an undisclosed seed round from growX, Bhupen Shah, Manish Singhal, Amit Ranjan and others in 2015.

  • Azalvo launched to collaborate with designers, startups

    Azalvo launched to collaborate with designers, startups

    A new Hong Kong fashion and lifestyle incubator aims to ease collaboration for startups in fashion and retail.

    Called Azalvo, the platform was founded by Joanne Chow, who believes in the sharing economy and wants to provide access to resources, collaborate and guide companies through the challenging process of transforming creative ideas into successful businesses.

    “Azalvo is cultivating a culture of collaboration, nurturing a new generation of the local manufacturing industry and contributing to enhance the economic influence of the industry to Hong Kong,” says Chow.

    Backed by Aussco, a textile trading and manufacturing company with nearly 60 years of experience, Azalvo believes it offers the technical know-how, network, technology and experience to mentor, incubate and launch promising ideas for its partners.

    “Aussco and its affiliated companies have created a 360-degree ecosystem to offer comprehensive support for both emerging and mature companies. With our long legacy in design, fashion, retail and branding industries, we can identify and bridge the gaps in their needs.

    “The establishment of Azalvo stems from our experience in working with artists, designers, entrepreneurs and established brands in the fashion and lifestyle industry,” she said. Azalvo is the first and most comprehensive hub to develop this platform.”

    Textile and garment manufacturing has always been a major industry in Hong Kong, but over recent decades, the local industry has shifted from labor-intensive operations to knowledge-based research, technology development and brand management for international fashion and lifestyle brands.

    One of the new ventures early partnerships has been helping AI technology startup Small Mind.

    Founded by HiuKim Yuen and Tom Kwun Wah Tong, Small Mind partnered with Azalvo, to create a unique AR experience tool, (pictured above). Designed with the needs of fashion buyers in mind, the tool gives users real-time data, providing buyers and even customers with a new buying experience, whether they are buying at a fashion show or in store.

    Azalvo’s services include marketing and branding, product research and design, manufacturing knowledge and technology, sourcing and sampling, logistics and distribution, business matching as well as trademark, patent and prototype development.

    In-house facilities available to startups includes 3D printers, a professional photography studio, 360-degree rotatable cabinet and display area and a fashion and material archive.

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  • Malaysian food delivery startup dahmakan acquires Thai competitor

    Malaysian food delivery startup dahmakan acquires Thai competitor

    Malaysian food-delivery startup Dahmakan, which raised US$2.6 million early this year, has acquired Bangkok-based competitor Polpa for an undisclosed amount.

    Dahmakan co-founder Jessica Li says Polpa has been integrated into the brand. The Thai startup’s founders, Dr Julian Timings and Prongfa Uennatornaranggoon, have joined Dahmakan’s executive team.

    “This will be the first of our three-city expansion in Southeast Asia this year, with Jakarta and Hong Kong slated for the third and fourth quarters.

    Dahmakan says demand for online food delivery in Southeast Asia grew 20-fold last year, with online spending projected to quadruple by 2025.

    CEO/co-founder Jonathan Weins says getting into Bangkok, the third-largest city in Southeast Asia, was strategic. “Bangkok has millions of office workers, high urban density and a lack of convenient food-delivery options that makes it an attractive market.”

    According to research firm Euromonitor International, Thailand’s online food-ordering market is on track to hit THB31.7 billion (about $1 billion) this year.

    Established in 2014, Polpa claims to be among the market leaders for healthy food delivery in Bangkok.

    Since launching in 2015, Dahmakan has raised more than $4 million in venture capital funding. It distinguishes itself from rivals – including Deliveroo, Foodpanda and UberEats – by delivering meals prepared in-house instead of picking up from restaurants and stalls.

    Meanwhile, Delivery Hero’s Foodpanda projects a surge in demand this year as competition intensifies.

    Thailand CEO Alexander Felde says he expects Foodpanda deliveries to roughly double this year to 16,000 a day.

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  • Retail AI startup Capillary Technologies raises $20 million

    Retail AI startup Capillary Technologies raises $20 million

    Capillary Technologies on Wednesday announced the raising of approximately $20 million over the past year from its existing investors, including Warburg Pincus and Sequoia Capital. The cloud-based software solutions startup uses artificial intelligence to enable top retailers such as Walmart, Starbucks and Dubai-based Al-Futtaim to smartly engage with their customers.

    With these funds, Capillary expects to strengthen its new product development, powered by AI and Machine Learning catering to Asia and other upcoming emerging markets. The company said it also plans to invest in the newly launched Consumer Goods vertical with its solutions.

    “More than 70% of these funds would be [spent] on AI and machine learning products,” said Aneesh Reddy, co-founder and CEO of Capillary Technologies. “We have a 25 member team for it. We are also funding a research team at IIT-Kharagpur.”

    The firm would also use the money to further strengthen its presence in China and the Middle East, besides penetrating further into Southeast Asia. The company said it will soon be opening its second office in China in Guangzhou and then another one in Beijing later this year.

    “We are pleased to continue to be a part of the company’s journey as the team further scales the business,” said Vikram Chogle, Principal, Warburg Pincus, in a statement.

    Reverse innovation

    Capillary, founded by IIT-Kharagpur graduates Aneesh Reddy, Krishna Mehra and Ajay Modani, launched the firm in India to solve the key pain points of the local retailers. Its innovation which helps retailers understand customer purchase behaviour through artificial intelligence later found the market in other countries.

    Capillary’s technology has now been used by more than 300 top brands across 25,000 stores in over 30 countries to enable easy and seamless consumer experiences. Some of them include Pizza Hut, Giordano, Bata and Puma. The firm expects to achieve a revenue of $100 million in the next three years, according to Mr. Reddy of Capillary.

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  • Online Printing Startup Gogoprint Is Revolutionising Malaysia’s Printing Industry

    Online Printing Startup Gogoprint Is Revolutionising Malaysia’s Printing Industry

    Gogoprint, Southeast Asia’s leading online printing company, aims to solve one of the printing industry’s biggest pain points – high fixed costs and requisite order volumes, which particularly affect budget-conscious SMEs and startups. Gogoprint achieves this with its proprietary algorithmic software, which manages and pools together multiple orders, and distributes the cost of printing. Parameters such as paper type, quantity, and delivery times are taken into account and aggregated into a batch of prints. This maximises the space on individual sheets. As compared to traditional printing houses, which take 7 to 10 days to process orders, Gogoprint does so in as fast as 1 day. Moreover, it is looking to further optimise the process of preparing the artwork files that customers send for printing, to automate the correction of frequent printing mistakes.

    As a result, the company is able to offer premium printing services at competitive rates, enabling SMEs and startups to print their products such as business cards, digital/offset booklets, flyers, posters, postcards and stickers more cost-effectively. Over the last year, Gogoprint has further developed its algorithm and processes, enabling it to raise its production efficiency, reduce wastage, and share these benefits with customers through price reductions. Furthermore, the company strives to continuously expand its product portfolio, as exemplified by its upcoming launch of banners and buntings.

    These features have fueled Gogoprint’s success despite a general slowdown in the Malaysian printing industry. Gogoprint’s operations have been largely differentiated from their competitors from the start. The company has focused on leveraging technology in order to inject its business model with customer-centric values and approaches, which emphasize convenience, transparency, and speed for the customer.

    This was no easy task since Malaysia’s printing market is relatively saturated with limited market share and a higher volume of competitive prices offered by players, both big and small. Entering this industry would traditionally be considered as a significant risk, but Gogoprint managed to stave off the competition by targeting key sectors which required its services more than others. More specifically, the country’s SME and startup sector clearly needed more transparent pricing and delivery deadlines in order to better manage their printing needs.

    Laurent De Candido, Managing Director and co-founder at Gogoprint said: “We recognise that SMEs and startups in Malaysia require a great deal of reliability, consistency, and transparency to facilitate their operations. This knowledge has enabled us to adapt our business strategies to a market where consumers operate on a fine line between managing operational cost and ensuring business profitability. With such great competition present in the market, we recognise the need for constant innovation. Hence, the innovative solutions that we offer have allowed us to experience a considerable amount of success since our launch in Malaysia a year ago, in November 2016. Growth has exceeded our most ambitious expectations, with an 800% customer increase, as well as a 600% increase in headcount, between November 2016 and November 2017. Also active in Thailand and Singapore, Gogoprint’s success in Malaysia is a testament to how regional expansion success can be derived from a comprehensive market understanding and strategic product positioning.”

    At the source of Gogoprint’s success, of course, lies a happy and diverse customer base. “Gogoprint won us over with their quick and efficient response to a recent crisis that we faced. We had a sudden and urgent demand for a huge amount of books to be printed, and we engaged Gogoprint due to their transparent and convenient website. The customer service provided by their accounts team was professional and world class which, led to the smooth and timely delivery of more than a thousand copies to our customers. Their attention to detail also left a great impression on us and we will definitely continue to work with Gogoprint in the future,” said Anusha Abishegam, Editor from Centrestage, an online magazine dedicated to scouring the local arts scene for news, information and opportunities.

    Satisfied with its strong performance in Malaysia, Singapore, and Thailand, Gogoprint is dedicated to tackle the Indonesian market next, which also suffers from the ailments that characterize printing in Southeast Asia. Since the company’s strong performance and fast regional expansion reflect very positive customer feedback, Gogoprint’s mission to provide affordable and convenient printing to everyone resonates stronger than ever.

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  • Oracle to accelerate Singapore cloud startups

    Oracle to accelerate Singapore cloud startups

    Oracle has launched a new six-month Oracle Startup Cloud Accelerator program in Singapore, announcing the class of six startup participants selected from hundreds of applicants.

    They are Arya.ai, FlexM, FOMO Pay, Hacker Trail, RL Club, and Unscrambl. These startups leverage new technology solutions across industries such as retail, recruitment, and finance.

    Arya.ai is an enterprise deep learning platform designed to automate complex data science tasks involved while building neural network based application or predictive models and in production.

    FlexM is a fast-growing Singapore-based fintech company working toward the financial inclusion of migrant and foreign domestic workers.

    FOMO Pay is a one-stop QR code payment solution platform that enables merchants to accept a full suite of new payment methods including WeChat Pay, NETSPay, mVISA, and more.

    Hacker Trail is a curated, cloud-based marketplace for the technology industry, designed to source, engage, curate and connect the right candidates with the right job opportunities across Southeast Asia.

    RL Club is a rewards and loyalty club mobile app that rewards consumers for brand engagement and advertisement consumption.

    Unscrambl is an Atlanta-based startup that has developed a disruptive, next generation real-time cognitive analytics platform.

    The startups will be granted technical and business mentoring by Oracle and industry experts, state-of-the-art technology with free Oracle Cloud credits, full access to a co-working space within Oracle’s premises, as well as access to Oracle’s global ecosystem of startup peers, customers, investors and partners.

    “Singapore has a vibrant entrepreneurial ecosystem and we received a brilliant response from the community,” Oracle group VP of R&D Sanket Atal said.

    “These startups are an exciting mix with expertise in artificial intelligence, machine learning, deep technology, payment gateways and other disruptive technologies.”

    Launched in April 2016, the Oracle Startup Cloud Accelerator Program is a next-generation acceleration initiative driven by Oracle R&D. The program focuses on reimagining enterprise innovation through collaborations with startups that foster co-development and co-innovation.

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