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kindrik partners advises hello clever on seed funding
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Kindrik Partners is delighted to have advised Hello Clever on its recent AUD4.5 million pre-seed and seed funding round led by Vectr Ventures. Other funders included Yolo Investments and CrossFund. Hello Clever is a buy-to-earn ecosystem startup founded in 2021 by business partners and friends Caroline Tran and Gavin Nguyen.
Through the Hello Clever App and the CleverShop, the company helps young Australians be “clever” with their money. Customers can shop, earn cashback, and make payments to friends in one place.
Given the economic difficulties being faced by businesses in 2022, co-founder Caroline says “we are lucky to still retain our position in the market with the ability to innovate, build new capabilities and secure long-term prospects while at the same time deliver the sustainable, profitable growth that our investors and business partners expect from us”.
Partner Chris Wilson says:
“The Hello Clever team clearly values its customers and their financial security, especially in the current uncertain economic environment. It was a pleasure working with such a pro-active and efficient founding team. We’re excited to see Hello Clever continue to grow and develop to help young people with their finances.”
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Kindrik Partners advised VC firm Illuminate Financial on its investment in Singapore-based AI-driven data processing and automation company bluesheets. Illuminate led the US$6.5 million series A round. Other returning investors included Insignia Ventures Partners, Antler Elevate, and 1982 Ventures.
Illuminate invests in B2B fintech and enterprise software companies that build solutions for the financial services industry. Backed by global financial institutions such as Citi, JP Morgan, Barclays, Jefferies, Singapore Exchange Group, and BNY Mellon, Illuminate uses its extensive network and industry knowledge to help their portfolio companies achieve their full potential in addition to providing capital.
bluesheets offers AI-driven data processing and workflow automation software that helps businesses digitise and automate their bookkeeping processes. It plans to use the funds to further enhance its AI capabilities and accelerate growth in key APAC markets, including Singapore, Thailand, ANZ, and Hong Kong.
We’re happy to have advised Singapore-based synthetic data company Betterdata on an oversubscribed seed round of $1.65 million, led by Investible.
The company was founded in 2021 by Dr. Uzair Javaid and Kevin Yee and allows clients to share data faster and more securely in compliance with stricter data privacy regulations being introduced around the world. Betterdata uses generative AI to convert real data into synthetic data that looks, feels, and behaves like real datasets. These synthetic datasets retain the structure and correlations of the original data while eliminating the privacy and security concerns that come with holding and sharing sensitive data.
Betterdata plans to use the funding to publicly launch its product, hire more staff as the company scales, and improve its technology stack, with the aim of providing support for single-table, multi-table, and time-series datasets. The company also plans to expand across the Asia-Pacific region over the next two years.
