As the online spotlight grows shorter, Edwin Wong, the co-founder and CEO of Fancee Labs, is building a platform that lets creators turn passion into income and communities into businesses
Viral fame is no longer the exclusive domain of A-list celebrities. A single tap on a phone has the potential to catapult anyone to social media stardom. Yet with the flood of content uploaded daily, that fame is often fleeting, lasting mere months, weeks or even days. Serial entrepreneur Edwin Wong is tackling this challenge through RakoSell, a core platform under his third venture, Fancee Labs, set up to help influencers monetise their content.
On RakoSell, verified online creators—from travel vloggers to stock trading adviser and English tutors—build their own websites
to connect with and sell materials, such as video courses and notes, directly to supporters. Fans can also subscribe to various membership tiers, which provide access to exclusive content.
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The idea took shape during Wong’s time at Cloudbreakr, a start-up he co-founded that provides brands with comprehensive influencer analytics. “Brands tend to hire a fraction of the influencers online [for advertising]—let’s say 4,000 or 5,000 out of 30,000 on Instagram—and aren’t inclined to hire [those] such as tutors who provide educational content,” the Gen.T Leader of Tomorrow 2023 says of what he observed while running the company. A desire to unlock greater potential for creators less likely to be hired for advertising sparked the idea for Fancee Labs: to provide them with the tools to stand on their own feet.
Wong, the co-founder and CEO of Fancee Labs, reports its platform RakoSell has 30,000 registered users, with the top influencers earning over HK$200,000 per month. Creators are charged a four per cent transaction fee when fans buy their content, but this drops to two to three per cent if the creators pay a monthly subscription to the platform for its service.
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Spotting the power of influence early
Wong’s first brush with influencer marketing came with Unsuspended, a social enterprise he co-founded in 2014 that collaborated with local businesses to offer low-cost coupons for food and other daily essentials that consumers could buy and distribute to underprivileged groups through NGOs. Although it only lasted about 18 months, it taught Wong a lesson in authentic engagement: “I realised when you invite people to spread a message in the right way, they will support it.”






