Spiking is an app that tracks how the big whales are investing in Singapore. For those lacking in confidence, it’s a good way to go fishing with the big boys. By S. Sakthivel
It’s harder to find the big whales in Singapore.
With the slowdown in the economy and limited funds available for investing, the accelerators that have been pumping up the start up scene here have begun pulling up their stakes in search of new pastures.
Clemen Chiang, CEO and Founder of Aly Pte Ltd, has been on the investor hunt for his various enterprises. He’s noticed that fund raising has become more challenging.
“Accelerators are refocusing on how they can maximize their capital investment. In most Western start up environments, the incubation period is 18 months, but in Asia it can be anywhere from five to six years,” Chiang explains.
His new venture, the app Spiking (www.spiking.com) allows investors to follow the trading activity of the big boys on the stock exchange. A number of these who’s who of the investing world are aligned with Chiang, making his app a more reliable option.
Chiang feels that leaner times are in the offing for start ups looking for investors. He talks about his experiences to STORM.
Clemen Chiang is a panellist at STORM magazine’s upcoming event, Keep It Going 2016, which brings together leaders and decision makers from various industries who talk about Protecting Against Headwinds.
