Business, Investments

Deal Roundup: Singapore-based MoneySmart Acquires KreditAja; QLL Raises USD 450K Led by B Dash Ventures and More

Singapore-based MoneySmart Acquires KreditAja 


In order to establish its footprint in Indonesia, Singapore-based personal finance portal MoneySmart has acquired KreditAja that provides a variety of financial products. As part of the deal, KreditAja is taking a minority stake in MoneySmart as the acquisition was a full equity deal.

As per TechinAsia report, KreditAja will be centrally managed by a combined management team in Singapore and in 2015, both teams will be growing their product coverage, with an emphasis on insurance products. KreditAja currently powers Indonesia ecommerce marketplace Berniaga’s auto loan comparison feature, and has a number of similarly sized partnerships in the pipeline that is expected to be closed in early 2015. It was founded last year and consists of 11 members in its team.

Educational Mobile App Developer QLL Raises USD 450K Led by B Dash Ventures


Taiwan-based educational mobile apps developer, QLL has secured USD 450,000 led by B Dash ventures with participation from Incubate Fund, Pinehurst Advisors, Viling, and Coent Venture Partners.

As per an e27 report, the funds will be used to boost product development efforts, and acquire users in International markets including Japan, South Korea, the US, and in Southeast Asia. QLL (Quick Language Learning) was founded in 2007, the company has developed nearly 150 iOS and Android apps, which it claims have been downloaded 6.5 million times in Taiwan and now has 300,000 active monthly users.

The firm had also partnered with hardware makers like Sony, Huawei, Foxconn, and Fuhu to bring its content to tablets, smart TVs, and smart watches. QLL focuses on apps for children aged two to six, also developing a platform aimed at content provider and has plans to make the platform available on various interfaces such as smartphones, tablets and smart TVs that is expected to be launch in Q1 2015.

Also Read: Deal Roundup: 8K Miles Buys US-based SERJ Solutions; SAIF Partners Sells 2.41 percent Stake in Just Dial and More

Lookup Secures USD 160K Seed Funding from Kris Gopalakrishnan


Local commerce mobile messaging app, Lookup has closed USD 160,000 in seed funding led by Infosys co-founder Kris Gopalakrishnan. As per a NextBigWhat report, The funding will be used to expand operations across the country and to also expand into other developing markets.

The app can be used to make reservations at restaurants, bars, pubs, hotels; to book appointments at spas, salons, clinics, hospitals; get information about deals, product availability, prices, timings from the offline stores as well as  to share pictures with local stores to get information about products.

The app is freely available for Android users and its competitor in business messaging service, Haptik had recently raised USD 1 million from Kalaari Capital.

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