Hong Kong 31st August 2014 – Red Herring announced its Top 100 award in recognition of the leading private companies from Asia, celebrating these startups’ innovations and technologies across their respective industries.
Red Herring’s Top 100 Asia list has become a mark of distinction for identifying promising new companies and entrepreneurs. Red Herring editors were among the first to recognize that companies such as Daum, Facebook, Kakao, Twitter, Rakuten, Salesforce.com, Xiaomi and YouTube would change the way we live and work.
“Choosing the companies with the strongest potential was by no means a small feat,” said Alex Vieux, publisher and CEO of Red Herring. “After rigorous contemplation and discussion, we narrowed our list down from hundreds of candidates from across Asia to the Top 100 Winners. We believe Moroku embodies the vision, drive and innovation that define a successful entrepreneurial venture. Moroku should be proud of its accomplishment, as the competition was as strong as ever.”
Moroku CEO, Colin Weir is on a mission to improve the global level of financial literacy. Banking presents one of today’s greatest dilemmas: It is complex, difficult and important to get right but most of us don’t. This challenge exists at the individual, bank and global level given the connection to political stability. Most financial literacy surveys conducted worldwide, show that a majority of the population do not have sufficient knowledge to understand even basic financial products. The majority of us do not plan for the future and we fail to make effective decisions to manage our finances. Almost everyone wants and needs to be good at their personal financial management yet rarely do we spend anywhere near the amount of time we should on it. Why? Because it’s boring, difficult and largely unrewarding in the present moment. Moroku works with banks looking to shift financial literacy within their customer base and to do this via digital. We deliver via a fast, design lead process that creates a set of gamified mobile applications that we operate in the cloud and wire directly into the payment systems of our banking customers to make it real. These solutions are based upon decades of research into motivational behaviour, decades of experience in delivering internet banking systems and Moroku’s world leading Banking Gamification platform and design methodology to align fun with strategic outcomes.
Red Herring’s editorial staff evaluated the companies on both quantitative and qualitative criteria, such as financial performance, technology innovation, management quality, strategy, and market penetration. This assessment of potential is complemented by a review of the track record and standing of startups relative to their peers, allowing Red Herring to see past the “buzz” and make the list a valuable instrument of discovery and advocacy for the most promising new business models in Asia.
Red Herring is a global media company, which unites the world’s best high technology innovators, venture investors and business decision makers in a variety of forums, including print, online and exclusive events worldwide. Red Herring provides an insider’s view and access to the global innovation economy, identifying new and innovative technology companies and entrepreneurs.