i-POP Closes Funding Round With Mingly Corp And IIPL

Singapore-based, i-POP, one of Asia’s leading mobile services provider closes a round of venture funding led by Mingly Corporation Singapore, a Singapore-based fund (part of Hong Kong’s Mingly Corporation), with participation from Infocomm Investments Pte Ltd (IIPL), a fully owned subsidiary of the Infocomm Development Authority of Singapore (IDA).

i-POP intends to use the funds to expand into select media and telecommunications markets across Asia, India and the Middle East. i-POP champions “marketing through mobile content”, delivering integrated services, including premium billing, for some of the world’s top media companies, mobile operators and content providers.

About i-POP

i-POP NETWORKS Pte Ltd (i-POP) is a mobile services company founded in 2002. Through its unique combination of proprietary technology and creative media management, i-POP delivers a broad range of compelling services to mobile subscribers on behalf of its blue chip clients, which include media companies, advertising agencies, content providers and Mobile Network Operators (MNOs).

About Mingly Corporation

MINGLY CORPORATION is the financial advisory and investment manager of the Cha Group. It was a publicly listed company in Hong Kong before being privatized in 2001. Mingly’s objective is to enhance the value of the Cha Group by offering financial services, making strategic investments and building successful business ventures. Capitalizing on its financial expertise, close ties with the Group’s Silicon Valley and global network, and its understanding of the Asian market, Mingly is well positioned to introduce innovative ideas, advanced technologies and world-class management systems to new business ventures to ensure their success and prosperity.

About Infocomm Investments Pte Ltd (IIPL)

INFOCOMM INVESTMENTS Pte Ltd (IIPL) is the wholly-owned investment arm of the Infocomm Development Authority of Singapore (IDA). IIPL complements IDA’s efforts to create diversity in the infocomm industry by providing capital to infocomm companies with potential for strong growth. It seeks to attract and nurture a pool of infocomm technopreneurs and companies so as to enhance the vibrancy of Singapore’s infocomm industry.

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