“Because of the internet you can work from anywhere, there are a lot of digital nomads now. This affects how people relocate internationally,” said Lee. In the past, people tended to move to places where the economy is buzzing, but now, this trend is shifting.
Last April, Moovaz raised USD 7 million in Series A funding led by Quest Ventures. YCH Group, Singapore’s largest home-grown supply chain management company, also injected capital through its corporate venture arm, SCAngels. Moovaz intends to use the money for geographical expansion.