roiquant icon logo
Roiquant awarded USD $50,000 to winners of its 2023 preseed startup competition

Roiquant awarded USD $50,000 to winners of its 2023 preseed startup competition

2 Malaysian and 1 Filipino startups won USD $82,700 worth of cash and in-kind prizes to grow their business.

Roiquant awarded USD $50,000 to winners of its 2023 preseed startup competition



Dec 13, 2023



roiquant (roy-kwant), an intelligent decision support system for early-stage startup founders, proudly announced the winners of the 2023 roiquant preseed startup competition at the closing of its virtual startup conference it hosted on December 1, 2023.

Powered by rule-based machine learning built on business text AI, roiquant’s analytics and business intelligence (ABI) platform provides data-driven business development, risk management, and capital fundraising consultancy services to help early-stage startup founders grow fundable businesses.

Virtual startup competition

In empowering founders to innovate, roiquant is hosting stage-based virtual startup competitions to showcase top global entrepreneurial talents, to support underrepresented founders (women and people of colour) in accessing smart capital funding, and to accelerate early-stage startups to competitively build fundable businesses.

As the stage-based (preseed and seed) startup competitions are virtual, because they are conducted on (powered by) roiquant cloud-app (software), roiquant aims to annually host its competitions for tech startups around the world (geo-agnostic).

Through its startup competitions, roiquant systematically guides early-stage startup founders to scientifically build healthy, creative, and prudent businesses.

  • Qualifying round: to ideate and refine conceptual business ideas

  • Semi-final round: to prototype solution offering for early customer validation

  • Final round: to demo and pitch to a panel of judges for constructive feedback

The 3 winners

After evaluating 11 finalists who pitched at roiquant demo day on November 27 and 28, 2023, the judges selected two Malaysian and one Filipino startups as winners.

First prize USD $30,000 winner: “roiquant helped us to improve our business strategy and messaging, as well as our numbers and projections, as we prepared for the final round”, said Jeshua Choong, Founder and CEO of carching, a mobility startup in Malaysia that rewards drivers with cash as they drive. “Being in an international competition gave us the push to really think about being more than just a local player”.

Second prize USD $13,000 winner: “Aside from roiquant’s equity-free prize money, the competition helped us to think clearer about our business plan and exit strategy”, said Raymond Rodis, Co-founder and CEO of, a legal-tech startup in the Philippines modernizing online legal services for startups. “It also helped us to reflect on competing internationally since this was our first time joining the international startup scene”.

Third prize USD $7,000 winner: “We learned to review our business plan and restructure our digital strategies to compete and grow further”, said Willie Ng, Co-founder and CEO of Global Cerah, an agri-tech startup in Malaysia producing alternative protein sources from agro-wastes. “We also learned to understand ourselves from different perspectives and are grateful to be a part of roiquant community for continuous learning”.

roiquant demo day 2023 winners

Award ceremony of roiquant preseed startup competition 2023

The 11 finalists

Apart from the winners, the other eight startups who qualified through to the final round hail from the Philippines, Malaysia, Vietnam, Indonesia, and Lithuania.

  • Salesforge (Lithuania): an all-in-one sales execution solution empowering sales teams to hit their targets with higher probability.

  • Finful (Vietnam): a personal finance learning app with bite-size modules empowering financial literacy in Vietnam and beyond.

  • HealthPro (Indonesia): an on-demand healthcare workers startup where LinkedIn meets Uber for healthcare services.

  • RealmChat (Malaysia): a one-click checkout built within its ecosystem of ecommerce platforms to reduce shoppers drop-off.

  • Jurist AI (Philippines): a legal-tech startup revolutionizing the legal industry with its AI co-pilot assisting lawyers on research, writing, and contract analysis.

  • WeShare (Vietnam): a platform empowering teams to easily raise passive funds and donations through cashback.

  • Wear Forward (Philippines): a circular fashion tech startup offering premier Clothing-as-a-Service.

  • Leasy App (Malaysia): a bill splitting app in Malaysia.

At 1337 Ventures, we're constantly seeking out innovative and groundbreaking ideas in their earliest stages. Judging roiquant's preseed startup competition has not only been a privilege but a reaffirmation of our commitment to nurturing early-stage startups”, said Bikesh Lakhmichand, Founder and CEO of 1337 Ventures, a Malaysian venture capital firm investing in early-stage startups. “The talents and potentials I’ve witnessed are exactly what we at 1337 Ventures are passionate about investing in — fresh and dynamic ideas that have the power to disrupt industries, as well as to create new market opportunities”, he added.

Watch the recorded live pitch sessions on roiquant’s Facebook page

roiquant demo day 2023 finalists

Top 11 finalists of roiquant preseed startup competition 2023

Virtual startup conference

With the theme of ‘the ugly truths of innovation’, roiquant meets 2023 (name of the virtual startup conference) was held on 30 November and 1 December 2023 in conjunction with its 2023 preseed startup competition.

14 international speakers from seven countries, expert operators in their respective fields, shared insightful experiences and actionable advice over the two days virtual conference.

In order to foster spirit of entrepreneurship and innovation among the youth and aspiring entrepreneurs to solve real-world problems that align with one or multiple Sustainable Development Goals (SDGs) of the United Nations, roiquant will organize educational virtual startup conferences in conjunction with every virtual startup competition it hosts.

Click the topic titles on roiquant's conference program to watch the recorded sessions

Why it matters

Most of the inexperienced founders who have never built a venture-backed startup business do not understand how the venture capital mechanics work.

“Moreover, there are many greedy investors who are not well-versed in venture investing, and are deploying investment strategies that are destroying income generating businesses”, said Paul Lee, Co-founder and CEO of roiquant.

“This is why roiquant is built to serve both sides of the table, by filling the gap of misalignment between founders and investors, where founders can freely build sustainable or hyper-growth businesses with valuations that match the risk-or-return profiles of aligned investors”, said Lee.

roiquant meets 2023 expert

Expert speakers of roiquant meets 2023

What’s next

roiquant is hosting its 2024 preseed startup competition in April to June and its 2024 seed startup competition in Oct to Dec – final dates will be announced in due time.

The company aims to regularly host its stage-based virtual startup competitions in every quarter of the year from 2025 onward.

How to get on board

roiquant invites global partners for partnerships to increase the quality of its competitions’ programming, to widen its reach for participation, and to simultaneously run multiple startup competitions globally every quarter of the year from 2026 onward.

Those who are interested to partner or sponsor, may write to

Learn more about roiquant virtual startup competitions

View post on Facebook

Citation and republishing

Originally published by Borneo Bulletin and permitted to be republished at

roiquant’s articles and reports may be republished in accordance with our Citation Policy and Terms of Service.

About roiquant

roiquant (roy-kwant) helps early-stage startup founders grow fundable businesses with its decision support system powered by rule-based machine learning built on business text AI. roiquant is in the business of providing data-driven business development, risk management, and capital fundraising consultancy services through its analytics and business intelligence (ABI) platform to help entrepreneurs competitively build and grow profitable businesses. For more information about roiquant’s award-winning solutions, visit, and join our roiquant community on our Discord, LinkedIn, Facebook, Twitter, and blog.

About 1337 Ventures

1337 Ventures (leet-ventures) is a Malaysian venture capital firm investing in early-stage startups. It runs Alpha Startups Accelerator to help idea and MVP-stage (Minimum Viable Product) startups launch, validate, and grow. 1337 Ventures also helps small-medium enterprises raise funds via ECF (Equity Crowdfunding) and consult corporates on their innovation journey. Learn more at

EIN reach millions advert

Affiliate partnership: EIN Presswire costs lower and is more affordable for new startups and small companies.

Disclaimer: Any information, data and content on our analytics and business intelligence (ABI) platform, web applications or websites are for general information use only. The information and analyses presented on our web applications and websites do not constitute any legal, business, investment or tax advice. Even though certain information are cited from third-party sources while believed to be reliable, roiquant has not independently verified such information and makes no representations about the accuracy of the information or its appropriateness for any given situation. References to any securities or charts or graphs and all materials provided in connection with roiquant’s web applications or websites are provided strictly on “AS IS” basis without any representations or warranties, express or implied, which should not be relied upon when making any investment decision. Any projections, estimates, forecasts, targets, recommendations, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others.

Our proprietary data retrieval systems scan the Internet to automatically aggregate public information from news articles, websites, press releases, regulatory filings, and so on. Roiquant's intelligent decision support system, multimodality systems, database systems, data retrieval systems, algorithmic systems, data processing engines, and many other technologies are powered by artificial intelligence and advanced analytics using our own proprietary data and synergized public data. Roiquant does not warrant the completeness or accuracy of data provided, so you would need to independently verify the information. Nevertheless, we encourage you to check the accuracy of our information before its use. We also gently advise that you obtain sufficient knowledge, market understanding, professional advice and experience to make your own evaluation of the merits and risks of any actions with the information.

Last edited on 14 December 2023.