In the United States, over 700,000 companies shut down every year. In 2020 alone, 1.07 million business establishments opened for the first time, but within the same year 1.02 million establishments permanently shut down, and about 13.1% of the business establishments were startups (U.S. Small Business Administration, 2023).
Evidently, with over 85% of companies around the world not surviving up to 10 years, the business shutdown rate is staggeringly high.
This is why Paul co-founded roiquant (róy-kwänt) in September 2017 to help founders reduce risk of business failure and business defensibility.
Paul and his team are building its proprietary cloud-based analytics and business intelligence (ABI) software to help early-stage startups around the world to competitively build profitable businesses. They help entrepreneurs by providing data-driven business development, risk management, and capital financing consultancy services through its ABI (aka, business decision support system) platform.
Essentially, roiquant’s end-to-end solution offers actionable insights from ideation to competitive analysis to business modeling to no-code prototyping to market validation to risk analysis to data-driven fundraising.
Sadly, although a lot of money is pouring into the venture capital markets worldwide, underrepresented founders (women and people of colour) still lack the access to such capital.
As a result, roiquant’s data-centric product offering is purposefully designed and powered by business failures data, company performance data, capital markets data, historical data, commercial strategies, risk factors, investors database, business tools, simulators, and more, to help founders build valuable and successful businesses.
In November 2019, roiquant was awarded the ‘Best AI & Machine Learning Startup’ in Brunei Darussalam at the ASEAN Rice Bowl Startup Awards 2019.
For its innovative research, roiquant was awarded the ‘Research & Development Special Award’ by H.E. Minister Dato Abdul Mutalib Yusof from the Ministry of Transport and Infocommunications of Brunei Darussalam at the Brunei ICT Awards 2019 in September 2019.
As of 25 February 2022, the company rebranded as roiquant, which was formerly known as Flipidea (flee-pee-dia).
Roiquant, Inc. is a Delaware C Corporation incorporated in the United States of America. ACTi Hub Limited Sdn. Bhd. is the legal company name of roiquant in Brunei Darussalam.
In January 2024, Paul was appointed as an Adjunct Senior Assistant Professor teaching Digital Business Intelligence and Business Technology Management at the School of Digital Science, Universiti Brunei Darussalam.
Prior to founding roiquant [c/o ACTi Hub], Paul was a founding director of WafaGames in 2017 (mobile game development studio), and ai.Law in 2016 (legal AI bot startup), based in Beijing.
Between 2013 and 2016, Paul was the Co-founder & CEO of Seeway Group, a multifaceted business that offered investment advisory, commodity trading, and consultancy services.
Seeway Group primarily served Beijing’s state-owned enterprise, its main clientele in China, to secure international EPCF, PPP, and G2G projects in Africa, Latin America, and Southeast Asia, as well as the import and export of agricultural products, industrial power cables, and heavy machinery.
As CEO of Seeway Group, Paul specialized in facilitating China’s structured financing solutions, such as the Export Buyer’s Credit, and the Chinese Government Concessional Facilities (Preferential Export Buyer’s Credit and Concessional Loan) supported by Sinosure’s Export Credit Insurance (medium-&-long term) and Investment Credit Insurance, for its clients undertaking public-private partnership and government-to-government projects.
Between 2012 and 2014, Paul was the Co-founder & CEO of KG Inc., a professional conference organizer that organized its flagship APEC Women Leadership Forum in Beijing (2013-2014), and was also involved in the APEC and ASEAN business fora.
Before Paul’s entrepreneurial journey in China, he worked at Asia Inc Forum during 2011 to 2012 in Brunei Darussalam, a world class facilitator of business and public policy dialogue in Southeast Asia and the Asia Pacific.
Since 2000, the company has a continuing proud history of partnership with the APEC CEO Summits, the foremost annual meeting of business and government in the Asia Pacific region.
Paul holds a Bachelor of Art and Social Sciences degree in Communication and International Studies from Monash University Melbourne, Victoria State, Australia.
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Last updated on 7 October 2024.