PictureWealth signs MOU with ASEAN Youth Organisation help impact 10m youths by 2025

ASEAN Youth Organization (AYO), a youth-led community of more than 400,000 Southeast Asian youths and Picture Wealth Holdings Ltd (PictureWealth), a fast-growing wealth FinTech company, announced today the signing of a Memorandum of Understanding to foster a strategic collaboration in digital financial education, targeting the youth and millennials of ASEAN countries.

PictureWealth announced in June a late-seed capital raise of AUD$12M. It has continued to grow across Australia, opening an East Coast office in Sydney, and now targets expansion in the ASEAN region. PictureWealth will be bringing its award-winning technology and people, and AYO will bring its community of passionate change makers from across the region to achieve the following core objectives:

·       To improve basic understanding of finance based on the principles of make, save, grow, and protect;

·       To engage youth in building their own financial learning communities using digital platforms;

·       To provide work experience and real-world education to those who are passionate about helping others; and

·       To assist AYO in their mission to impact 10 million lives by 2025.

 Mr. Jayren Teo, Co-Founder and President of ASEAN Youth Organization shared that “We believe that to help youth of ASEAN improve their quality of life, we should break the poverty cycle and empower others to do the same. Having better education about managing their finances is one of the key factors to achieve that.”

Mr. Neal Cross, Co-Founder and Chairman of PictureWealth commented, “After living and working in the ASEAN region for over 10 years, I am incredibly positive about the future of this region. This is because the young are the largest population segment and are rapidly defining how the region works, plays, and gets educated, and we want to be a part of this tectonic shift. Being on the Razer Fintech advisory board has given me a unique position to connect with like-minded people trying to help solve the youth banking challenges in ASEAN and beyond.

Mr. David Pettit, Co-Founder and Group CEO of PictureWealth added that “PictureWealth’s technology is a key driver in improving financial education and creates a safe place for people to learn about how to optimise their money”.

Mr. Laurence Smith, Head of Digital Asia of PictureWealth gladly expressed “The team at PictureWealth is super excited to have the opportunity to work with AYO to help 10 million people across ASEAN develop their financial literacy, mindset, and capabilities to live more meaningful and impactful lives.”