Online Casino Arcade Games Media Exec Vincent Lee Takes

Media exec Vincent Lee takes stake in promising start-up in highly unusual manner Expect entrepreneurs to beat a path to his door for similar deals FRESH from uncovering who the angel for maxman.tv was online casino arcade games or at least narrowing it down to one of two brothers, this week Digital News Asia (DNA) can do even better -- how about an angel investor who coughed up a cool RM2 million (US$653,000) for a start-up in the mobile payment space?  .

The start-up is Soft Space International Sdn Bhd online casino arcade games which DNA wrote about on Oct 5. Founded by Chang Chew Soon, who describes his team as “a bunch of software geeks passionate about payment and mobile development.” Soft Space is really going places, having signed a joint venture agreement with MOL AccessPortal Sdn Bhd. The aggreement will see them forming a mobile payment acquiring company that will focus on small and medium businesses (SMBs), allowing them to accept credit and.

Debit card payments using smartphones and other mobile devices.    Those who read the story will know that DNA described Datuk Vincent Lee (pic) as a major shareholder of Soft Space online casino arcade games via the holding company Feotus (sic) International, of which he is executive chairman. Feotus comprises Naga DDB, DDB International, DDB PR, Beyond Events, Vizeum Media Services, Rapp Collins, Stropt & Sports Limited (HK), Tribal DDB, Whack Films, Model.com and MNC Wireless Berhad. But here’s the kicker: Lee invested.

RM2 million into Soft Space with apparently no stake determined in return for his investment.   Lee is currently executive deputy chairman of Star Publications (M) Bhd and was also the president of the Association of Advertising Agents Malaysia (4As) from 2005 to 2011. “It was based on trust online casino arcade games ” says Chang. He says that Lee had wanted him to join advertising agency Naga DDB Malaysia in a sort of chief technology officer role.   But Chang told him his.