Venture Debt Raise for The ASEAN Post
About The Asean Post
Founded in 2017 and Headquartered in Malaysia, The ASEAN Post is a technology-driven, communications and intelligence platform, which curates analytical content that expertly frames critical issues shaping the future of Southeast Asia.
They produce thought-provoking insights driven by data gathered from partners which includes think tanks, research institutes and international economic organisations. Their role as an independent information hub allows them to examine regional events from a balanced perspective.
ASEAN is one of the world’s fastest growing economies blocs with a projected GDP of $US2.5 trillion by 2025. However, there has not been a dedicated news outlet for the region until now. With The Asean Post, we finally have Asean news for an Asean audience.
The Asean Post was founded by Rohan Ramakrishnan, a captain of industry and young global leader 2021 (World Economic Forum). Key management include Azizi Meor Ngah, Terrence Stephen, Margaret Au-Yong, ST Chua, Paul Zaman and Khoo Eu Wen.
About Malaysia Debt Ventures
Malaysia Debt Ventures Berhad is a Malaysian wholly owned company under the Minister of Finance Incorporated. It was established in 2002 and began operations in 2003. They provide innovative and flexible financing solutions, specialized funding programs, industry expertise, as well as advisory services to technology entrepreneurs. Initially to fund specific projects in the information and communications technology sector, but have since expanded into biotechnology and green energy.
With a fund size of RM4.1 billion, MDV plays developmental roles in assisting technopreneurs to scale up commercially for market access, increase probability to penetrate and meeting up market potential demands, as well as provide funding that will trigger potential commercialization of the products.
Rohan Ramakrishnan, Founder & CEO, The Asean Post, commented:
“Thank you Yefira on a whole for coolly shepherding us to this final juncture with MDV. September 2020 to December 2020 was fruitful as we got the funding documents and MDV application/credit papers sorted. January 2021 to March 2021 was challenging of course but we managed to painfully preserve and pull through. We are most grateful and thankful for that and hope that April 2021 to July 2021 will be another wonderful milestone period for both of us on this flavorful journey.”
Hariz Junid, Vice President, Yefira Group commented:
“It was a delight to work with Rohan and his team throughout the bridge financing process. Despite numerous challenges that we faced and a less than optimal covid environment, we persevered through with our open communication and combined efforts. Moreover, the flexibility and accommodation from MDV enabled us to come to the best solution for both parties. We look forward to continuing our work with both The Asean Post and MDV in the near future.”
To find out more, please contact:
Li Wei, Analyst, Yefira Group
liwei@e-yefira.com