At A Glance

Prive, a Hong-Kong based provider of financial technolgy (fintech) solutions, has taken full control of Wealth - Asia's premier online marketplace of wealth services for affluent and high net worth individuals.
The acquisition bolsters Prive’s product offering, enabling the Hong Kong-based firm to create Asia's first comprehensive technology platform for wealth service providers encompassing prospect marketing, client acquisition, onboarding, CRM, portfolio management as well as , reporting and execution.
Launched in 2016, Wealth is an innovative and independent online marketplace through which investors can easily and efficiently find and connect with wealth service providers, including private banks, independent asset managers, financial advisors, trust specialists and tax advisors. Since its inception, Wealth has facilitated transactions involving over US$350 million in assets between consumers and wealth service providers.
Charles Wong, CEO and co-founder of Prive Holdings, noted, “Wealth adds client savviness to our product suite. We can now offer our B2B customers client acquisition strategies and design integrated prospect and client tech solutions based on Wealth's deep customer intelligence and know-how.”
Dominic Gamble, CEO and founder of Wealth, commented, “Prive adds the technology and industry reach that will help us accelerate our plans to be the leading portal for affluent individuals in Asia seeking to manage their wealth.”
The acquisition of Wealth – following Prive’s recent selection by Deloitte as one of the top 20 fastest growing technology firms in Asia – further cements Privy’s position as a leader and one of the most recognised and awarded fintech companies in the industry.

Strides Transportation enters Myanmar in first venture abroad 
 
Strides Transportation has made its first overseas venture in Myanmar, following the signing on Thursday of a joint venture agreement between Strides and its partners in Myanmar, paving the way for the launch of limousine services in Yangon early next year.
The new partnership, SMRT Strides Toyotsu Alliance, will see Strides taking a 60 per cent holding in the joint venture (JV) while Toyota Tsusho Asia Pacific, a member of the Toyota Group of Companies , and Alliance Urban Transports (AUT) will split the balance equally at 20 per cent each. 
AUT is a Myanmar company partly owned by Elite Telecom Public Company Limited and JFQ Capital Holdings Private Limited, to which SMRT Taxis is the consultant for their driver vocational school in Yangon. 
Strides is a wholly-owned unit of SMRT Corporation Ltd.
It will serve esteemed clients not just in Yangon, as the luxury cars also cater to their transport needs to cities outside of Yangon. The service is expected to commence operations in the first quarter of 2018.