E005: Story of a well-backed startup, with Ambrose Wong
Featuring, as a guest, Ambrose Wong, COO of Serai, an innovative startup created in Hong Kong under the auspices of HSBC.
Serai was originally launched in 2019 as part of HSBC's multi-billion-dollar technology investment plan. Originally conceived as a platform where buyers and sellers come together to facilitate business-to-business (B2B) transactions via trusted networks.
As the COVID-19 crisis affected the markets, Serai adjusted its focus to the garment industry, to provide the sector with real-time data and end-to-end supply chain transparency. Additionally, it partnered with Coface, a trade credit insurer, to integrate risk management tools into its solution.
Even though Serai boasted the kind of backing and resources that few trade startups could ever dream of, by June 2022 it announced that it would be shutting down, informing visitors to its website: “We regret to inform you that Serai will be winding down all operations. Despite a huge amount of progress made by the team, it has proven difficult to build a commercially viable business. As a result, we’ve made the difficult decision to close our doors.”
Learn the details about Serai's rise and fall. Listen to Ambrose Wong discuss the advantages of being backed by one of the world's leading banks, the drawbacks that came with it, the risks that materialized, and the brilliant team that brought Serai so close to realizing their goal.
If you'd like to contact us with comments, suggestions, or complaints, email us at podcast@cognition.llc
Enjoy!
-
59:12
The Dan Bongino Show
4 hours agoIs This Who They’re Lining Up To Replace Biden? (Ep. 2774) - 06/19/2024
358K1K -
2:02:57
Steven Crowder
5 hours agoEXCLUSIVE: Murderer Groomed High School Girl into Sex in Jail; Massive Cover-Up
209K368 -
2:00:15
LFA TV
7 hours agoNEW ILLEGAL POLICE FORCE! | LIVE FROM AMERICA 6.19.24 11am EST
30.4K29 -
DVR
Midnight's Edge
5 hours agoThe Acolyte does pronouns, but YouTubers to blame for Star Wars collapse? | MEiTM #576
15.7K -
1:00:23
The Rubin Report
3 hours agoDouglas Murray Uses Left's ‘Principles’ to Rip Them to Shreds
36.2K31 -
1:22:43
Benny Johnson
3 hours agoCHAOS: Media Demand Biden REPLACE Kamala with Hillary Clinton | Kamala Declares Herself 'PRESIDENT'!?
58.1K131 -
1:09:11
Graham Allen
6 hours agoPutin PLOTTING With Kim Jong Un?! + US On High Alert For Terror Threat!
56.3K130 -
2:58:01
Wendy Bell Radio
9 hours agoThe Spin Cycle Is Working Overtime
60.4K69 -
18:33
Stephen Gardner
12 hours ago🔴BREAKING: NYC must STOP THIS now! | CNN tries to SHUT DOWN Tucker Carlson
50.5K154 -
1:52:48
jeffahern
5 hours agoNever Woke Wednesday's (6am Pacific)
41.2K9