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ChopChop founder Aaron Hee gives up investment banking scholarship to run a startup

September 25, 2012 by  

Aaron Hee of ChopChop

Entrepreneurs suffer in the short-term so that they might enjoy a pay-off in the future. For Aaron Hee, founder of Malaysia-based startup ChopChop, that reality takes on an extra dimension.

Recently, he gave up his investment banking scholarship, which comes with a 5-year bond, to pursue his dream of becoming a first-time entrepreneur. That decision has a hefty price — a penalty fee of RM 400,000 (USD 130,000), borne by his parents at first, which he will repay later.

“It wasn’t a pleasant experience to make this decision… the least I could do is be really appreciative for the sacrifices my parents have made,” he told SGE in an email interview. Read more

Filed under Companies, Featured, General, Innovation & Technology, Interviews, Mobile, TechnologyTags: , , ,

Squiryl partners with Sakae Sushi and Cafe Cartel, dishes 10k acorns in under a month

August 8, 2012 by  

Singapore-based mobile loyalty app Squiryl has partnered with restaurant chains Sakae Sushi and Cafe Cartel to distribute ‘acorns’, their version of loyalty stamps, through POS systems.

The program began on the first week of July, and as of 25th the same month, about 10,359 acorns have been issued to 1,555 new and existing Squiryl users. Seven outlets from Cafe Cartel and 32 from Sakae Sushi were involved.

According to Squiryl co-founder Mulyadi Syariffudin, developing a POS solution was crucial for getting big restaurant chains on board since it reduces fraud and increases convenience. Read more

Filed under F&B, General, Innovation & Technology, Mobile, News, TechnologyTags: , , ,