ACE NEWS ROUNDUP
The top highlights come from across the stages of investment: early, growth and mature. From our early stage investments we bring you two interesting stories: Transferwise, announced their bright green debit card which is giving banks a real run for their money. In robot news, Hanson Robotics' Sophia made the cover of a fashion magazine! Moving on to an investment in the growth stage, Myanmar Opportunities Fund was featured in Bloomberg with a story about how Melvyn Pun took over the family business, Yoma Strategic Holdings, and how he plans to increase investments in Myanmar. And finally an investment from our mature stage, Optic Security, has announced expansion into Europe.
Did you know that ACE has an investment vehicle focused on direct investments in Myanmar? Learn more about our partner on the ground – Yoma Strategic Holdings, and about how Melvyn Pun took over the family business and aims to triple Yoma’s market value within five years to at least $2.3 billion by expanding each of the consumer, automotive and real estate. This is the next generation of private equity.
Transferwise is becoming more like a global bank everyday. Check out this story for more about their bright green debit card and how much it REALLY costs to send money abroad.
Optiv Security, a market-leading provider of end-to-end cyber security solutions, names Simon Church as General Manager and Executive Vice President, Europe; Check out the story here.
Could models be replaced by ROBOTS? Sophia the humanoid dazzles on her first British fashion magazine cover! Check out the story here