4XLABS TO FEATURE AT THE WORLD ECONOMIC FORUM ON ASEAN IN VIETNAM
10 SEPTEMBER 2018
Singapore fintech is among 80 shortlisted start-ups for the first ever ASEAN Start-Ups programme
4xLabs announced today that the financial technology company had been shortlisted as one of the region’s most innovative start-ups for the ASEAN Start-Ups programme. Launched this year by the World Economic Forum, the programme saw nearly 300 applications from across Southeast Asia, from which 80 start-ups were selected to join the meeting in Ha Noi, Vietnam from 11-13 September.
Themed “ASEAN 4.0: Entrepreneurship and the Fourth Industrial Revolution”, the meeting will bring together entrepreneurs, 70 ASEAN government ministers and 550 business leaders to engage in dialogue about the region’s most pressing issues and discover solutions for building a sustainable and inclusive regional economy.
“We are honoured to be among the first batch of start-ups that have been invited to join the inaugural ASEAN Start-Ups programme by the World Economic Forum,” said Chris Vanden Berghe, CEO of 4xLabs.
The applications were assessed by a panel of regional start-up accelerators, venture capital and private equity funds, media, economists and technology experts. The selection criteria included companies that were addressing problems or delivering services in high innovative ways, and those that had the most social and economic impact. The full list of shortlisted start-ups can be found here.
“Our standing in the global money services business industry will allow us to present a unique perspective from the underserved money services business industry, especially those from emerging and underdeveloped markets that are digitalizing their business operations for the first time. This will help shape the discussion and development of initiatives when it comes to digital financial inclusion,” said Mr Vanden Berghe.
4xLabs is a fintech start-up based in Singapore, with regional offices around the world. The company develops technology solutions for financial and professional services. In 2012, the company launched the first online app for comparing money changing rates known as Get4x, which now has a growing community of 150,000 users, and is available in 22 cities. In 2016, it launched an online integrated platform for money services business to manage all aspects of their business, known as Biz4x, which is being used in more than 30 countries today.
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