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Taiwanese Tech Startup Ranictek Shines at Viva Tech 2024 in Paris

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PARIS, May 24, 2024 /PRNewswire/ — Taiwan tech startup Ranictek participated as delegation from the Taiwan Tech Arena (TTA) held by the National Science and Technology Council (NSTC) and traveled to Paris for VivaTech 2024, held from May 22 to 25. The team delivered an outstanding performance, advancing to the finals of the IC Taiwan Challenge on May 23 and becoming one of the top six finalists. Ultimately, they received an excellence award, given to the top three performing teams by the international judges.

Founded in November 2022, Ranictek is currently focusing on the development of 5G/6G base station chips and satellite communication chips. Ranictek is committed to providing customers with base station chip solutions that combine low power consumption with cost-effectiveness. This is aimed at accelerating the deployment and popularization of 5G/6G base stations. The low power consumption helps base stations save energy and reduce carbon emissions, while the cost-effectiveness helps lower the manufacturing and production costs of base stations. Through these efforts, Ranictek hopes to accelerate the deployment of 5G/6G base stations and contribute to the widespread adoption of 5G/6G technology.

In less than a year since its establishment, Ranictek has already received several awards at various domestic and international events. The company highlighted that Taiwan’s open radio access network (O-RAN) market is predominantly focused on the development of small base stations, primarily targeting enterprise private networks, which limits the market scope. Therefore, Ranictek has shifted its market focus to medium and large base stations, which can be used not only for enterprise private networks but also for public networks, crucial for the widespread adoption of 5G.

The VivaTech invites international organizations to recruit startups to participate in various challenges worldwide. This year, TTA launched a competition, inviting global IC-related enterprises and startup experts to participate, attracting both international and Taiwanese startup teams to compete on the same stage. The competition at VivaTech can be seen as a prelude to the globally organized IC Taiwan Grand Challenge, hosted by the National Science and Technology Council (NSTC). This initiative aims to encourage more international teams to participate and come to Taiwan to realize their dreams.

The “IC Taiwan Grand Challenge” competition, organized by NSTC, targets global startups, organizations, academic institutions, and individuals interested in collaborating with Taiwan’s semiconductor industry. The competition focuses on two main areas: “IC Design Innovation” and ” Chip-based Innovative Applications” seeking advanced technologies or application solutions from global startup teams. By leveraging Taiwan’s Silicon Island advantages, the competition aims to attract international startups and venture capital to Taiwan.

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/taiwanese-tech-startup-ranictek-shines-at-viva-tech-2024-in-paris-302155374.html

SOURCE Taiwan Tech Arena

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LG Uplus’ KidsTopia Combines AI Edutainment with Ecology and K-POP Content for a New Customer Experience

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Virtual Tidal Flat Experience: Learn about 120 different species and environments in an engaging and enjoyable wayK-POP Virtual Experience Center: Featuring the girl group ‘ifeye’ and their new song “Nerdy”

SEOUL, South Korea, April 28, 2025 /PRNewswire/ — LG Uplus (www.lguplus.com) is leading the way in providing unique customer experiences by updating the experience center of its digital kids theme park, ‘KidsTopia’. This platform allows children to explore and learn about foreign languages, animals, dinosaurs, and space through interactions with AI characters in a 3D virtual space. The number of users from Southeast Asia, including Korea, the Philippines, Malaysia, and Thailand, is growing, with over 1.6 million cumulative subscribers. Southeast Asian users make up 60% of the monthly user base.

Virtual Tidal Flat Experience: Recognized for its unique ecological value and listed as a UNESCO World Natural Heritage site, the tidal flat has been recreated as a virtual space. Children can take pictures of about 120 different species or dig them up from the tidal flat to complete a guidebook. Detailed information about each species and quizzes are also available. This includes rare creatures like the ‘swimming crab’, ‘nerite snail’, and ‘mudskipper’, which are expected to be popular with overseas users.

K-POP Virtual Experience Center: The ‘ifeye’ virtual experience center allows users to immerse themselves in K-POP. At the entrance, KASIA, a member of the girl group ‘ifeye’, introduces the group. Inside, users can watch videos and pictorials, enjoy virtual performances of each member’s character, and follow the choreography with their own character. The ‘ifeye’ is a six-member girl group that debuted on the 8th of this month, and their debut song “NERDY” reached 10 million views in just 11 days.

KidsTopia’s virtual experiences stand out from traditional one-way content like videos by allowing users to engage with the content interactively and earn rewards through a mission-reward structure.

KidsTopia has been recognized for its service stability and suitability for children, winning the ‘Minister of Science and ICT Award’ at the ‘2024 Metaverse Alliance and Self-Regulation Achievement Sharing Conference’ in Korea and the ‘Gold Medal’ in the application category at the ‘2024 Mom’s Choice Awards’, a global certification program for child suitability.

Kim Min-gu, PM of LG Uplus’ KidsTopia TF, said, “KidsTopia’s experiential content effectively connects learning experiences to the global alpha generation, providing fun and immersive learning opportunities. We look forward to future collaborations with various companies that have experiential content and brands targeting the global alpha generation.”

Media Contact
LG Uplus KidsTopia TF Manager
Seung-oh Han
sohan@lguplus.co.kr

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SOURCE LG Uplus

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Thunes Raises USD 150 Million in Series D, Led by Apis Partners and Vitruvian Partners

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SINGAPORE, April 28, 2025 /PRNewswire/ — Thunes, the Smart Superhighway to move money around the world, is proud to announce the successful raise of its $150 million Series D, the largest in its history, at a substantial valuation increase over its last round. Amid one of the most challenging capital markets environments of recent times, this milestone was achieved in record time.

Thunes proudly welcomes Apis Partners and Vitruvian Partners, two leading private equity firms, both globally recognized for their deep expertise in financial services and emerging markets.

Now profitable and maintaining strong growth momentum, Thunes plans to leverage this capital to supercharge its expansion in the United States, supported by the recent acquisition of licenses across 50 U.S. States, subject to regulatory approval.

These funds will further strengthen Thunes’ Direct Global Network, which today spans 130+ countries, 80+ currencies and 550+ direct integrations, enabling real-time payments across complex and exotic markets.  As cross-border payments swell towards a $150 trillion market opportunity, Thunes stands well positioned to continue to capture a growing share.

Through cutting-edge technology, industry-leading compliance standards, and a seamless customer experience, Thunes continues to make diverse payment systems, including traditional, digital, and emerging currencies, interoperable. With a vision to include the “next billion end users” in emerging markets, Thunes aims to be the go-to solution for fast, secure, and cost-effective cross-border payments, connecting billions of wallets and thousands of partners worldwide.

Floris de Kort, CEO of Thunes, stated, “Thunes’ latest funding round is a clear validation of our strategy and our commitment to sustainable growth. Our performance, marked by a Revenue run-rate of $150 million and positive EBITDA, demonstrates our ability to balance rapid expansion with financial prudence, even in a tumultuous market. This new capital enables us to extend our Direct Global Network, including in the United States, drive technological innovation, from Artificial Intelligence to digital asset ecosystem interoperability, and deliver superior value to the Members of our proprietary Network. In a challenging funding environment, our progress and resilience set a new industry standard.”

Matteo Stefanel, Managing Partner & Co-Founder at Apis Partners, commented, “Thunes has revolutionized global cross-border payments by seamlessly integrating robust technology with a disciplined financial strategy that inspires confidence. The company’s impressive growth record and positive EBITDA performance, even in these unprecedented times, clearly underpin the trust of its Members and their ability to scale effectively. We have been closely monitoring Thunes’ remarkable journey and are consistently impressed by the team’s innovative approach, operational rigor, and strategic foresight. Thunes’ pursuit of excellence redefines industry standards and sets a high bar for reliability and performance in global payments. Lastly, we are especially proud of the work Thunes is doing in accelerating access to affordable financial services across the next billion users in emerging markets, and for Apis to play a small part in continuing this journey.”

Tassilo Arnhold, Partner at Vitruvian Partners, said: “We are proud to partner with the visionary team at Thunes as they build a transformative platform that effectively bridges traditional banking, mobile wallets, and digital assets into one unified solution. At Vitruvian Partners, we value strategic vision, resilience, and commitment to innovation, all of which Thunes exemplifies in every aspect of its operations. They consistently demonstrate the ability to navigate complex market conditions while setting new standards for efficiency and transparency. We are delighted to support Thunes in their mission to continuously set and exceed industry benchmarks, thereby redefining the future of global cross-border payments.”

Thunes’ series D fundraising underscores its financial strength and operational excellence. The company is now set to redefine the standards of global cross-border payments, forging new pathways for growth and innovation in a rapidly evolving fintech landscape.

Proton Partners served as financial advisors on this transaction.

 

SOURCE Thunes

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YeePay Showcases Full-Stack Global Payment Solutions at Money20/20 Asia 2025 in Bangkok

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BANGKOK, April 28, 2025 /PRNewswire/ — YeePay, a leading provider of digital payment and enterprise financial solutions, successfully participated in Money20/20 Asia, one of the world’s premier fintech events.

With a focus on “Empowering Tomorrow: Building a Secure, Seamless, and Sustainable Fintech Ecosystem for Asia,” the event brought together over 4,000 senior leaders from banking, payments, fintech, retail, startups, and regulatory sectors to explore the future of financial innovation across the region.

During the event, YeePay engaged with global banks, financial institutions, and technology providers to share its 22 years of enterprise payment expertise and present its intelligent, efficient, and secure end-to-end solutions for cross-border trade. These solutions address complex financial needs such as global collections, payouts, virtual accounts, and FX fund management for enterprises expanding internationally.

“As global trade shifts from single-point direct exports to multi-point re-export models due to geopolitical changes, Chinese enterprises are accelerating their international strategies by establishing overseas factories and trade entities,” said Hua Lei, Senior Vice President and Head of International Business at YeePay.

“However, this new model brings new pain points, including fragmented account management, slow cross-border fund movement, and FX volatility. At YeePay, we integrate our payment infrastructure, deep industry insight, and smart treasury capabilities to deliver a one-stop global transaction network.”

With features such as real-time multi-currency clearing, intelligent FX routing, and multi-level account systems, YeePay empowers businesses with full visibility and control over international funds, supporting long-term growth and global agility.

YeePay continues to advance its dual-engine strategy of internationalization and intelligentization. With 22 years of experience and over 5 million enterprise clients served, its global payment network now spans seven key sectors, including trade and travel. YeePay processes over USD 50 billion in annual cross-border transactions, supports nine major currencies and multiple emerging-market currencies, and enables payouts to over 130 countries and regions, all through a unified transaction processing platform.

As digital transformation and globalization accelerate, YeePay remains committed to strengthening global partnerships and delivering smart, customized solutions to help businesses grow across borders.

About YeePay 

Founded in 2003, YeePay is a leading enterprise payment service provider in China, offering secure, innovative, and intelligent transaction solutions across industries such as airlines & travel, retail, fintech, and cross-border commerce. Focused on financial inclusion and technological advancement, YeePay empowers businesses with seamless digital financial services.

Learn more at: global.yeepay.com 

 

View original content:https://www.prnewswire.com/apac/news-releases/yeepay-showcases-full-stack-global-payment-solutions-at-money2020-asia-2025-in-bangkok-302439080.html

SOURCE YEEPAY

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