Myanmar UMG group invests in Indonesia’s SocialBuzz

JAKARTA — UMG Idealab, the early-stage venture capital arm of Myanmar conglomerate UMG group, has invested in SociaBuzz, an Indonesian online marketplace that connects businesses or individuals with social media influencers, creators and other kinds of talent. The size of the deal could not be ascertained. SocialBuzz will use the capital to expand its line […]

WavePay app reaches more than 1 million active users

Wave Money’s mobile payment app WavePay has crossed more than 1.1 million monthly active users with remittance value reaching nearly US$6 billion within nine months. Wave Money’s remittance value reached $5.9 billion in the first nine months of the year, representing average growth of 162 percent since January. This includes more than $13 million transferred […]