HSG

HSG, formerly known as Sequoia Capital China, is a global venture capital and private equity firm, managing over USD 55 billion across various funds. Established in 2005, HSG invests in technology, healthcare, and consumer sectors, with a focus on seed, venture, growth, buyout, and infrastructure stages. The firm has backed over 1,500 companies, with more than 160 listed on public exchanges and over 140 achieving unicorn status. HSG operates globally, with offices in Hong Kong, Shanghai, Beijing, Shenzhen, London, Tokyo, and Singapore, providing extensive resources and industry expertise to its portfolio companies.

Rohit Agarwal

Managing Director

Wang Chenyu

Vice President

Sakshi Chopra

Managing Director

Raghavv Garg

Analyst

Amit Jain

Managing Director

Pushpak Kedia

Vice President

Sunint Khurana

Analyst

Cherry Lu

Partner

Ishaan Mittal

Managing Director

Saksham Mittal

Analyst

Abhishek Mohan

Principal

Javier Ng

Associate

Enita Pu

Partner

Wendy Qian

Analyst

Haim Sadger

Partner

Harshjit Sethi

Managing Director

Yoav Shaked

Partner

Johan Surani

Vice President

Vedant Trivedi

Associate

Aradhita Tuli

Investment Analyst

Pavel Vyhnalek

Operating Partner

Fu Xin

Partner

Past deals in Malaysia

StashAway

Series D in 2022
StashAway Malaysia Sdn Bhd is a licensed investment platform that focuses on providing accessible wealth management solutions for individuals. It caters to both retail and accredited investors by offering personalized financial planning and portfolio management services. StashAway utilizes a risk-management investment strategy known as ERAA® (Economic Regime-based Asset Allocation) to maximize long-term returns while maintaining consistent risk exposure for clients through various economic conditions. The platform aims to simplify the investment process, making it approachable for users of all experience levels, and it emphasizes low fees to enhance affordability. Through its mobile app, StashAway equips investors with the tools and resources necessary to make informed decisions, thereby facilitating effective wealth management.

Funding Societies

Series C in 2022
Funding Societies, established in 2015 and headquartered in Singapore, operates a digital financing platform that connects small and medium-sized enterprises (SMEs) with investors. The company facilitates business loans, focusing on quick and efficient financing solutions, often bypassing traditional banking methods. It offers a range of flexible financing options, including micro and term loans, and invoice financing, using advanced credit scoring and risk assessment models. With operations across Southeast Asia, including Singapore, Malaysia, Indonesia, and Thailand, Funding Societies caters to SMEs seeking accessible and timely financing.

IIMMPACT

Seed Round in 2022
IIMMPACT Sdn Bhd, founded in 2017 and based in Kuala Lumpur, Malaysia, specializes in a payment and data aggregation services platform tailored for businesses. The platform enables companies to seamlessly integrate payment solutions with minimal coding, facilitating the launch of digital marketplaces that cater to over 170 billers. IIMMPACT's services encompass a wide range of payment options, including mobile recharges, utility bills, gaming, transportation, and corporate gifting. Additionally, the platform supports bill management for recurring payments and financial consolidation, allowing businesses of all sizes to efficiently automate their payment processes and enhance customer service. Through its innovative API solution, IIMMPACT aims to simplify financial transactions and data management for its clients.

Cloudwise

Series E in 2021
Founded in 2009, Cloudwise is a prominent provider of full-stack Artificial Intelligence for IT Operations (AIOps) solutions in China. The company focuses on optimizing IT operations, electric power IT operations, and Internet of Things (IoT) operations through its comprehensive platform, which encompasses IT Operations Management (ITOM), IT Operations Analytics (ITOA), IT Service Management (ITSM), DevOps, and IoT. Cloudwise has invested significantly in independent research and development, resulting in a robust industrial landscape. Headquartered in Beijing, the company operates three R&D centers in Beijing, Yanjiao, and Zhengzhou, along with three operational centers in Shanghai, Guangzhou, and Chengdu. Additionally, it has branches in Hong Kong, Singapore, Thailand, and Malaysia, providing extensive marketing services and technical support throughout China and Southeast Asia, thereby enhancing business operations and decision-making for its clients.

StashAway

Series D in 2021
StashAway Malaysia Sdn Bhd is a licensed investment platform that focuses on providing accessible wealth management solutions for individuals. It caters to both retail and accredited investors by offering personalized financial planning and portfolio management services. StashAway utilizes a risk-management investment strategy known as ERAA® (Economic Regime-based Asset Allocation) to maximize long-term returns while maintaining consistent risk exposure for clients through various economic conditions. The platform aims to simplify the investment process, making it approachable for users of all experience levels, and it emphasizes low fees to enhance affordability. Through its mobile app, StashAway equips investors with the tools and resources necessary to make informed decisions, thereby facilitating effective wealth management.

Cloudwise

Series D in 2020
Founded in 2009, Cloudwise is a prominent provider of full-stack Artificial Intelligence for IT Operations (AIOps) solutions in China. The company focuses on optimizing IT operations, electric power IT operations, and Internet of Things (IoT) operations through its comprehensive platform, which encompasses IT Operations Management (ITOM), IT Operations Analytics (ITOA), IT Service Management (ITSM), DevOps, and IoT. Cloudwise has invested significantly in independent research and development, resulting in a robust industrial landscape. Headquartered in Beijing, the company operates three R&D centers in Beijing, Yanjiao, and Zhengzhou, along with three operational centers in Shanghai, Guangzhou, and Chengdu. Additionally, it has branches in Hong Kong, Singapore, Thailand, and Malaysia, providing extensive marketing services and technical support throughout China and Southeast Asia, thereby enhancing business operations and decision-making for its clients.

Cloudwise

Series D in 2020
Founded in 2009, Cloudwise is a prominent provider of full-stack Artificial Intelligence for IT Operations (AIOps) solutions in China. The company focuses on optimizing IT operations, electric power IT operations, and Internet of Things (IoT) operations through its comprehensive platform, which encompasses IT Operations Management (ITOM), IT Operations Analytics (ITOA), IT Service Management (ITSM), DevOps, and IoT. Cloudwise has invested significantly in independent research and development, resulting in a robust industrial landscape. Headquartered in Beijing, the company operates three R&D centers in Beijing, Yanjiao, and Zhengzhou, along with three operational centers in Shanghai, Guangzhou, and Chengdu. Additionally, it has branches in Hong Kong, Singapore, Thailand, and Malaysia, providing extensive marketing services and technical support throughout China and Southeast Asia, thereby enhancing business operations and decision-making for its clients.

Cloudwise

Series D in 2019
Founded in 2009, Cloudwise is a prominent provider of full-stack Artificial Intelligence for IT Operations (AIOps) solutions in China. The company focuses on optimizing IT operations, electric power IT operations, and Internet of Things (IoT) operations through its comprehensive platform, which encompasses IT Operations Management (ITOM), IT Operations Analytics (ITOA), IT Service Management (ITSM), DevOps, and IoT. Cloudwise has invested significantly in independent research and development, resulting in a robust industrial landscape. Headquartered in Beijing, the company operates three R&D centers in Beijing, Yanjiao, and Zhengzhou, along with three operational centers in Shanghai, Guangzhou, and Chengdu. Additionally, it has branches in Hong Kong, Singapore, Thailand, and Malaysia, providing extensive marketing services and technical support throughout China and Southeast Asia, thereby enhancing business operations and decision-making for its clients.

Akulaku

Series C in 2018
Akulaku Inc. is a prominent banking and digital finance platform headquartered in Jakarta, Indonesia, founded in 2016. It operates across Southeast Asia, including Indonesia, the Philippines, and Malaysia, focusing on meeting the financial needs of underserved customers in emerging markets. The company provides a variety of services, including digital banking, financing, investment, and insurance brokerage. Its offerings feature a virtual credit card, an e-commerce platform, and Asetku, an online wealth management service. Additionally, Akulaku has launched Neobank, a mobile digital bank supported by Bank Neo Commerce. The company aims to serve 50 million users in Southeast Asia by 2025, facilitating a range of financial transactions, from mobile top-ups to installment shopping, thereby enhancing the shopping experience for its users.

Fave

Series B in 2018
Fave is a fintech platform designed to facilitate the transition of offline merchants into the digital economy. The application connects consumers with local businesses, enabling users to plan activities, purchase discounted offers, and enhance their engagement with merchants in various sectors, including health and fitness, food, and wellness. By serving as a payment aggregator for major cards and digital wallets, Fave streamlines transactions and provides a seamless payment experience. The platform also offers merchants additional value through integrated marketing, data services, financing, and operational support, allowing them to focus on their core offerings. Operating in over 35 cities across Singapore, Malaysia, and Indonesia, Fave aims to foster growth for both merchants and consumers, ultimately enhancing accessibility to a wide range of services.

Funding Societies

Series B in 2018
Funding Societies, established in 2015 and headquartered in Singapore, operates a digital financing platform that connects small and medium-sized enterprises (SMEs) with investors. The company facilitates business loans, focusing on quick and efficient financing solutions, often bypassing traditional banking methods. It offers a range of flexible financing options, including micro and term loans, and invoice financing, using advanced credit scoring and risk assessment models. With operations across Southeast Asia, including Singapore, Malaysia, Indonesia, and Thailand, Funding Societies caters to SMEs seeking accessible and timely financing.

CardUp

Seed Round in 2018
CardUp is a payment platform that enables individuals and businesses to make large expenses using credit cards, even for payments that traditionally do not accept card transactions, such as rent, insurance premiums, payroll, and supplier invoices. By offering a no-code solution, CardUp simplifies the payment and collection process, allowing business owners to manage cash flow effectively and automate payment processing without the need for software implementation. Users can also benefit from rewards on their existing credit cards, enhancing the value of their transactions. Operating in Singapore, Hong Kong, and Malaysia, CardUp is licensed by the Monetary Authority of Singapore as a Major Payment Institution under the Payment Services Act. The platform aims to streamline financial management for its users, making it easier and more efficient to handle significant payments.

Cloudwise

Series C in 2017
Founded in 2009, Cloudwise is a prominent provider of full-stack Artificial Intelligence for IT Operations (AIOps) solutions in China. The company focuses on optimizing IT operations, electric power IT operations, and Internet of Things (IoT) operations through its comprehensive platform, which encompasses IT Operations Management (ITOM), IT Operations Analytics (ITOA), IT Service Management (ITSM), DevOps, and IoT. Cloudwise has invested significantly in independent research and development, resulting in a robust industrial landscape. Headquartered in Beijing, the company operates three R&D centers in Beijing, Yanjiao, and Zhengzhou, along with three operational centers in Shanghai, Guangzhou, and Chengdu. Additionally, it has branches in Hong Kong, Singapore, Thailand, and Malaysia, providing extensive marketing services and technical support throughout China and Southeast Asia, thereby enhancing business operations and decision-making for its clients.

Funding Societies

Series A in 2016
Funding Societies, established in 2015 and headquartered in Singapore, operates a digital financing platform that connects small and medium-sized enterprises (SMEs) with investors. The company facilitates business loans, focusing on quick and efficient financing solutions, often bypassing traditional banking methods. It offers a range of flexible financing options, including micro and term loans, and invoice financing, using advanced credit scoring and risk assessment models. With operations across Southeast Asia, including Singapore, Malaysia, Indonesia, and Thailand, Funding Societies caters to SMEs seeking accessible and timely financing.

Cloudwise

Series B in 2014
Founded in 2009, Cloudwise is a prominent provider of full-stack Artificial Intelligence for IT Operations (AIOps) solutions in China. The company focuses on optimizing IT operations, electric power IT operations, and Internet of Things (IoT) operations through its comprehensive platform, which encompasses IT Operations Management (ITOM), IT Operations Analytics (ITOA), IT Service Management (ITSM), DevOps, and IoT. Cloudwise has invested significantly in independent research and development, resulting in a robust industrial landscape. Headquartered in Beijing, the company operates three R&D centers in Beijing, Yanjiao, and Zhengzhou, along with three operational centers in Shanghai, Guangzhou, and Chengdu. Additionally, it has branches in Hong Kong, Singapore, Thailand, and Malaysia, providing extensive marketing services and technical support throughout China and Southeast Asia, thereby enhancing business operations and decision-making for its clients.

Pine Labs

Seed Round in 2009
Pine Labs is a technology and financial solutions provider focused on enhancing merchant operations and increasing revenue. The company offers a comprehensive platform that facilitates both online and offline transactions, enabling retailers to connect with financial institutions and consumer brands efficiently. Its services include processing easy monthly installment transactions, delivering customer insights for targeted sales, and simplifying payment acceptance. Pine Labs supports over 350,000 POS terminals across 3,700 cities in India and Malaysia, catering to more than 100,000 merchants in diverse sectors such as electronics, food and beverage, fashion, and airlines. The company collaborates with 15 major banks and 7 financial institutions, ensuring a robust ecosystem for retailers to engage and retain customers while minimizing operational complexities and risks.
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