HONG
\nKONG SAR –\u00a0ACCESSWIRE – 16 June 2021 –\u00a0Global Investment Bank and Capital Trust
\nannounced today a sizeable investment in Asian mental healthcare start-up
\nPsychAsia. PsychAsia is a Singapore-based mental healthcare application that
\noffers personalised self-care advice and programmes.<\/p>\n
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Global Investment Bank
\nand Capital Trust CEO, Roger Corman, said, “We are incredibly proud to
\nannounce this investment into PsychAsia. Our investment is testimony to the
\nconfidence in the start-up’s performance so far and into the future. We are
\nready to offer support in any way we can to make this partnership a
\nsuccess.”<\/p>\n
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PsychAsia founder and
\nCEO Eunice Kwong, said of the investment round, “We are excited that a
\nleading financial institution such as Global Investment Bank and Capital Trust
\nhas chosen us to invest in. We take this as an affirmation of our business
\nmodel and growth potential in this sector.”<\/p>\n
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The investment was
\nundertaken by Global Investment Bank and Capital Trust’s venture capital fund,
\nKHL Ventures, which is co-managed by Global Capital Group (GCG) Asia division.<\/p>\n
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“We are thrilled
\nto provide capital support to a sector that is responding to a great need in
\nthe region, especially during post-pandemic times,” said Global Investment
\nBank and Capital Trust’s Corman.<\/p>\n
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Global Investment Bank
\nand Capital Trust’s venture capital fund invests primarily in healthcare,
\nhealth tech and edutech companies in the Asian region. “In total, the Asia
\nPacific region is lagging behind North America in terms of funding support for
\nhealthcare startups, although there has been an increase in 2020. We see
\nourselves as playing a vital role to provide a much needed capital boost to
\nthis sector,” said Global Investment Bank and Capital Trust’s Corman.<\/p>\n
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Across the Asia
\nPacific region, countries have ramped up investments in the digitization of
\nhealthcare industries and services. Healthcare industries can stand to benefit
\nfrom clear government policies that encourage a ramp up in investments through
\nprivate-public partnerships, explained Global Investment Bank and Capital
\nTrust’s Corman.<\/p>\n
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“While markets
\nlike Singapore are developed, others like China, Thailand, Malaysia, Indonesia
\nand the Philippines are where we see a huge potential to make an impact due to
\ngrowing healthcare spending per capita and healthcare infrastructure expansion,”
\nadded Global Investment Bank and Capital Trust’s Corman.<\/p>\n
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PsyhAsia’s application
\nhas main functions that offer coaching for people with mental health conditions
\nlike anxiety and depression. It also offers digital content to foster greater
\nunderstanding of mental health and structured programmes to combat stress and
\nanxiety. “We have established trust with our user base based on reviews
\nand the active logins. Global Investment Bank and Capital Trust’s investment
\nwill be used to scale our platform and invest in our AI-augmented digital
\nhealth coaching and help develop our proprietary app-based tools further,”
\nsaid CEO Eunice Kwong.<\/p>\n
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PsyhAsia also plans to
\nbuild up its data science capabilities to enhance its natural language
\nprocessing for use in depression detection, digital exchange connectivity and
\npatient monitoring. Clinical research is also currently underway in North
\nAmerica.<\/p>\n
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Noting that mental
\nhealth is now at the forefront of public awareness, Global Investment Bank and
\nCapital Trust’s Corman said, “We are encouraged to see an uptick in
\ninterest in capital investments in healthcare technology companies. This is the
\nright time for companies to take active steps to tackle physical and mental
\nhealth holistically. We are delighted to see a three-fold increase in
\nPsyhAsia’s corporate user base.”<\/p>\n
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“Apps like
\nPsyhAsia can help improve stress management and day-to-day emotional guidance
\nto people across the region who are suffering from the burdens of daily living
\nunder pandemic conditions. I myself use the app and have found it immensely
\nuseful for mindfulness practice,” added Global Investment Bank and Capital
\nTrust’s Corman.<\/p>\n
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