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Standard Chartered Private Equity SCPE , the PE arm of SCB, put聽in $25 million to lead聽the round, while Goldman, which invested $5.7 million back in 2013, added a further $3 million.Momo offers two services in Vietnam: a mobile聽wallet and payment app, launched in tandem with SCB last year, and a聽 branch-less 聽banking service for those without a traditional bank account. The company claims to have 2.5 million customers, one million of whom use the e-wallet.Vietnam is picking up attention as tec
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s growing briskly among its population of 90 million while, with one-quarter of the population aged under 25, there real potential for disruptive technology to gain mainstream attention.Momo is looking to take advantage of those conditions and use tech, and mobile in particular, as the vehicle for payments and banki
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ng in the country, where credit card adoption is low and banking services don ;t often cover remote areas. The company draws in Yjzw Watch this racing drone set the Guinness World Record for fastest drone
Both Ascenta and Titan Aerospace are in the business of high altitude
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drones, which cruise nearer the edge of the earth atmosphere and provide tech that could be integral to blanketing the globe in cheap, omnipresent Internet connectivity to help bring remote areas online. According to the WSJ, Google will be using Titan Aerospace expertise and tech to contribute to Project Loon, the balloon-based remote Internet delivery project it currently working on along these lines.That not all the Titan drones can help Google with, however. The company robots also take high-quality images in real-time that could help with Maps initiatives, as we
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saster relief and addressing deforestation, a Google spokesperson tells WSJ. The main goal, however, is likely spreading the potential reach of Google and its network, which is Facebook aim, too. When you saturate your market and you ;re amon