{"id":2914,"date":"2022-01-20T07:03:31","date_gmt":"2022-01-20T07:03:31","guid":{"rendered":"https:\/\/dailymarkup.com\/?p=2914"},"modified":"2022-01-20T07:03:32","modified_gmt":"2022-01-20T07:03:32","slug":"daily-markup-423-food-market-hub-partners-with-saladplate-to-help-fb-businesses-policypal-wants-to-help-asian-consumers-make-better-financial-decisions-nirali-on-her-entrepreneurial-journey-w","status":"publish","type":"post","link":"https:\/\/dailymarkup.com\/?p=2914","title":{"rendered":"Daily Markup #423: Food Market Hub partners with Saladplate to help F&amp;B businesses; PolicyPal wants to help Asian consumers make better financial decisions; Nirali on her entrepreneurial journey with Friz"},"content":{"rendered":"\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh3.googleusercontent.com\/GWKu3hNa5fMdLkHOPQia-7As1YwLCjv9WYw5ZruniVHqMjzslxLclq5xCyrEnxpmeThvGt2xvYL5M7nFFhl4f4kj0DGt9qY4t4AuvH_f9ehPQM-9-z76EPa9kEBPTvXbJEphObr5\" alt=\"\" \/><figcaption>Credit: <a href=\"https:\/\/unsplash.com\/@louishansel?utm_source=unsplash&amp;utm_medium=referral&amp;utm_content=creditCopyText\">Louis Hansel<\/a> on<a href=\"https:\/\/unsplash.com\/s\/photos\/restaurant-asia?utm_source=unsplash&amp;utm_medium=referral&amp;utm_content=creditCopyText\"> Unsplash<\/a><\/figcaption><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>A tool for thriving<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Co-founder of 500-backed startup <a href=\"https:\/\/foodmarkethub.com\">Food Market Hub<\/a>, Shayna Teh, shares her thoughts on <a href=\"https:\/\/e27.co\/why-malaysias-fb-industry-is-going-digital-as-a-means-of-economic-recovery-20220112\/\">how F&amp;B businesses can get a competitive edge<\/a> during the period of pandemic recovery.<\/li><li>Recently, Food Market Hub collaborated with Saladplate, a B2B online marketplace for F&amp;B businesses, to offer a comprehensive digital platform for the Malaysian F&amp;B sector.<\/li><li>The platform is designed to simplify the product sourcing journey and manage business expenditure intelligently. Powered by artificial intelligence, it empowers business owners to be cost-efficient and assists them in making smarter decisions in procurement.<\/li><li>Citing research by Huawei Technologies, data shows that businesses can reduce costs, increase profit margins, and increase productivity by 60% when using advanced digital tools.<\/li><li>Read the full piece <a href=\"https:\/\/e27.co\/why-malaysias-fb-industry-is-going-digital-as-a-means-of-economic-recovery-20220112\/\">here<\/a>.<\/li><\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh6.googleusercontent.com\/rGwtTyTT9UM2JxcPNruTeJIqB6X508Ij0fzQHHn9a7lTMHwkB8ZvgoHUAqGOwJITrMHRyvVOFj5Ceke-PECBCJ3qwHYzO8Et2mvZg_jS-7Z-FjNpWTz77C0CkLFNidA5gT05URos\" alt=\"\" \/><figcaption>Credit: DigFin<\/figcaption><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Evolving with the times<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Val Yap, founder and CEO of 500-backed insurtech startup PolicyPal, <a href=\"https:\/\/www.digfingroup.com\/val-yap-policypal\/\">spoke with DigFin<\/a> about the startup\u2019s history, its acquisitions, trends in the industry, and entering new verticals.<\/li><li>Val shared that sales grew 40% in 2020 during the pandemic when the adoption of digital services ramped up as people stayed home. This was also the year that PolicyPal was <a href=\"https:\/\/www.amtdgroup.com\/en\/node\/1666\">acquired by AMTD Group<\/a>.<\/li><li>In the following year, the startup itself <a href=\"https:\/\/www.digfingroup.com\/policypal-value-champion\/\">acquired another company, Value Champion<\/a>, a US-based, Asia-focused fintech firm. Val said that thanks to this strategic move, PolicyPal\u2019s service offerings expanded beyond insurance and protection needs into financial planning.<\/li><li>According to Val, PolicyPal is looking into new verticals and expansion opportunities this year in order to help consumers in Asia to be able to make better financial decisions.<\/li><li>Listen to the full podcast <a href=\"https:\/\/www.digfingroup.com\/val-yap-policypal\/\">here<\/a>.<\/li><\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh4.googleusercontent.com\/h1FrnsE61OOqUaWaVcXVHXPsbqKB8bhwbKTTlDl9T6JkFBtp6VHW-cdsFolPWtvBcivoEYgcJxuMNl_A_K_UosDtf_wbMods8ESkLJxB36yQ4vvKRxmvmSwnMhncL1mZLQ4wzhoi\" alt=\"\" \/><figcaption>Credit: Friz<\/figcaption><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Minding the market gap<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Nirali Zaveri, co-founder and CEO at 500-backed Friz, a neobank for the creator economy, speaks in a podcast about her <a href=\"https:\/\/www.buzzsprout.com\/1881018\/9872018\">journey as an entrepreneur<\/a>.<\/li><li>Friz offers financial services to white-collar freelancers who typically have trouble accessing them with traditional banks, such as debit cards and credit lines as well as an invoicing solution.<\/li><li>On entering new markets, Nirali believes in taking a systematic approach. \u201cStart with a multicurrency account or a debit card that enables customers to get paid and spend on our platform. After having a good understanding of the customer segment, we would expand into lending, insurance, wealth management, and so on. With fintech, it is very important to build trust with customers first.\u201d<\/li><li>Listen to the full podcast <a href=\"https:\/\/www.buzzsprout.com\/1881018\/9872018\">here<\/a>.<\/li><\/ul>\n","protected":false},"excerpt":{"rendered":"<p>A tool for thriving Co-founder of 500-backed startup Food Market Hub, Shayna Teh, shares her thoughts on how F&amp;B businesses can get a competitive edge during the period of pandemic recovery. Recently, Food Market Hub collaborated with Saladplate, a B2B online marketplace for F&amp;B businesses, to offer a comprehensive digital platform for the Malaysian F&amp;B [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":2915,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","footnotes":""},"categories":[322],"tags":[416,377,357],"class_list":["post-2914","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily","tag-food-market-hub","tag-friz","tag-policypal"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Daily Markup #423: Food Market Hub partners with Saladplate to help F&amp;B businesses; PolicyPal wants to help Asian consumers make better financial decisions; Nirali on her entrepreneurial journey with Friz - Markup<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/dailymarkup.com\/?p=2914\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Daily Markup #423: Food Market Hub partners with Saladplate to help F&amp;B businesses; PolicyPal wants to help Asian consumers make better financial decisions; Nirali on her entrepreneurial journey with Friz - Markup\" \/>\n<meta property=\"og:description\" content=\"A tool for thriving Co-founder of 500-backed startup Food Market Hub, Shayna Teh, shares her thoughts on how F&amp;B businesses can get a competitive edge during the period of pandemic recovery. 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