The Coronavirus Disease 2019 (COVID-19) has hampered the economy at a very large scale, organizations from all over the world are crippling down. In times like these, RazerTM, the global gaming lifestyle brand has committed US $50 Mn to support its current and future business partners.
Razer’s ecosystem comprises its three main pillars – Razer Gold, zVentures and Razer Fintech.
Razer Gold is a leading virtual currency for entertainment, games and all other digital content. Razer Gold has almost over 3.4 million channel touch points worldwide, comprising 130 countries. Razer Gold has decided to contribute to the funds by offering cash flow relief measures immediately and some marketing contributions too.
zVentures, an important component of the Razer’s investment strategies and its corporate venture pillar, has decided to emphasize its contributing efforts on organizations that have the technological means dedicated towards helping people fight the pandemic.
Razer Fintech that has two verticals has decided to dedicate both the verticals for contribution to the funds. It is one of the biggest networks for offline-to-online payments in Southeast Asia. It is focused on addressing key issues like saving jobs in the fintech market, reducing the business costs, identifying the companies in the fintech market that could be helped by this program, amongst a few others.
These three pillars together will split the funds and create a financial contribution. This shows a great offering of the helping hand by the firm. But how beneficial will it prove to be for the fintech field? Follow Fintecbuzz to know more about such efforts by fintech companies and many other things from the industry. Fintechbuzz is the publishing site that features content relating to the fintech sector from all over the world, regularly.