Kharis Capital and TGN FinTech Group invest in WHub Platform
WHub, Hong Kong’s largest start-up community platform, has announced the launch of AngelHub, which allows investment into vetted start-ups, which Kharis Capital and TGN FinTech group have committed to investing over USD3 million into.
In the pursuit of its goal to help Hong Kong startups innovate and scale, the management consultant has created AngelHub to allow professional investors and start-ups raise capital. AngelHub is Hong Kong’s first Securities and Futures Commission-approved start-up investment platform and allows investors to diversify their portfolios in an efficient manner through the digital solution, according to a press release.
Kharis Capital has been named as the lead entity for this round of investment. The firm acts as a link between Family Offices and start-ups, focusing on the development of long-term portfolios, building partnerships with US and European brands with international potential, with a particular focus on the consumer, retail and digital sectors.
Daniel Grossmann, Co-Founder and Managing Director of Kharis Capital, has said of the investment that “We are thrilled to join forces with two amazing entrepreneurs who decided to disrupt the funding marketplace and bring real solutions to startups, very much in the spirit of our own disruptive investment model.”
Grossmann is set to join the board of AngelHub. He adds this to his existing positions as a Director on the boards of Toluna and Valtech.
TNG offers a variety of e-wallet and e-money solutions to over 1.2 billion unbanked individuals in Asia. It’s Global e-money alliance platform covers over 160 countries; the cutting-edge financial platform facilitates a variety of cross-country and cross-platform financial services.
The Founder and Chief Executive Officer of TNG Group, Alex Kong, further commented that “AngelHub and WHub are the fixtures of the Hong Kong start-up scene, having united groups of technology start-ups and being devoted to foster the growth of the start-up ecosystem. This has formed strong synergies with TNG in fully utilizing our expertise and network in the Asian financial services market, so as to empower start-ups’ business development and future growth.”
He continued that Besides financial investment, we are committed to provide a strong platform and high-quality financial services for the start-up community, accompanying AngelHub and WHub to reach their goal of boosting start-ups across Asia.”
Karen Belin, the Co-Founder and Chief Operating Officer of AngelHub, said that “The new USD3,000,000 investment into our holding company is an important validation of the AngelHub and WHub models and will enable us to further strengthen our offering, as we seek to expand the sister company WHub into the Greater Bay Area and regionally. Together with Kharis Capital and TNG, AngelHub and WHub share common values and a big vision to further develop and passionately scale our platforms to become the connection hub of choice for entrepreneurs and investors alike.”
The new investment will be deployed across both AngelHub and WHub to further develop the business through geographical expansion, technology upgrades and talent acquisition as both companies build their offering and attract more customers and new investments to the platform.