Douglas GanGroup CEO & Co-Founder at GBCI Ventures
Douglas Gan is the Group CEO and Co-Founder of Fincy, a multipurpose payment solutions platform that leverages secure financial technology infrastructure to facilitate cross-border payments, transfers and exchanges. He was inspired to create Fincy with fellow co-founders, Vanessa Koh and Lim Ming Wang as a solution to the currency exchange woes that he encountered as a frequent business traveller.
A technopreneur, angel investor and venture builder, Douglas began his entrepreneurial journey in 1997 when he started his first web hosting business. He subsequently set up numerous other ventures over the years, including an online youth forum, a Counterstrike gaming server hosting company, a hardware trading business, a social media marketing agency and more. Between 1997 and 2019, Douglas sold seven of his companies to multinational corporations.
One notable business, among his many successful ventures was ShowNearby, a location-based mobile app that he founded in 2008. It won multiple awards in Asia, becoming one of the world’s top three most downloaded apps in 2010. In 2012, he founded VanityTrove, a beauty sampling business that evolved into Vanitee, a beauty and wellness marketplace. It was named one of the top three startups to look out for in 2016 by Singapore Business Review. He also joined forces with Fatfish co-founder Lau Kin Wai to start the iFashion Group in 2014, which made several prominent acquisitions in the regional online fashion space.
Currently, Douglas is the CEO and co-founder of GBCI Ventures. GBCI Ventures is a leading venture capital fund and venture builder in Asia that invests in new technologies, solution providers and communities that are key to developing smart cities. The company launched Building Cities Beyond Blockchain, a blockchain protocol for building smart city solutions, and intends to collaborate with technology business incubators to build a blockchain ecosystem for smart city projects.
In recognition of his achievements, Douglas was named as a Young Professional of the Year in 2011 by Singaporean ministers in the Singapore Computer Society. In 2012, he also received the Outstanding Alumni Award from Singapore’s Prime Minister Lee Hsien Loong at Ngee Ann Polytechnic, where he had previously graduated with a Cambridge IT Skills Diploma in 2003.