In a significant boost to Malaysia’s rapidly expanding 5G ecosystem, Ficus Capital, leading ESG Shariah Compliant VC, through its Ficus SEA Fund announced its strategic investment of RM2 Million (US$422k) in Simplify. This collaboration is set to supercharge the mission of making internet access universally accessible and sustainable, leveraging the country’s impressive 80% 5G population coverage.
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Simplify, at the forefront of peer-to-peer internet sharing innovation, is revolutionizing the way we connect. With Malaysia’s 5G network achieving extensive coverage, It’s platform is uniquely positioned to enhance internet accessibility, turning every home broadband and personal hotspot into a part of a global community Wi-Fi network. This initiative not only democratizes internet access but also empowers individuals to contribute to a shared digital economy.
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As harnesses the power of 5G, the future of internet sharing looks brighter than ever. This collaboration between Ficus Capital and Simplify is more than an investment; it’s a commitment to a more inclusive, connected, and sustainable digital future for Malaysia and beyond.
Yen Pei Tay (pic), founder of Simplify said, “With Malaysia’s 5G network reaching new heights, Simplify’s internet sharing platform’s potential to bridge digital divides has increased. This investment will catalyse our efforts to harness 5G speeds for widespread internet sharing, making connectivity more accessible and secure for all.”
Rina Neoh, managing partner of Ficus Capital said, “Simplify’s innovative approach to internet sharing resonates with our mission of fostering growth and sustainability. Moreover, its commitment to enhancing internet accessibility aligns perfectly with our goal of investing in companies that drive positive societal impact.”
About Simplify
Founded in 2016, Simplify is a peer-to-peer Internet-sharing platform, enabling users to sell their mobile data at a price they set, and at the other end, allowing mobile users to buy data using a pay-per-use model in a local currency. It offers you on the spot connection without any up-front subscription.
