A New Chapter in Southeast Asia’s Fintech Saga
Singapore’s own fintech prodigy, Qashier, announced a groundbreaking accomplishment today—securing a whopping $10 million in a Series A funding round. The capital infusion is set to propel Qashier’s already impressive growth in Southeast Asia’s key markets, while also facilitating its leap into untapped international terrains.
Co-led by Delivery Hero Ventures and IFP Securities, the investment round also saw participation from Antler Elevate and Cocoon Capital. This pivotal moment comes against a backdrop of explosive growth in the fintech landscape and emphasizes the crucial need for accessible, efficient tools for businesses, irrespective of size.
A Commitment to Merchant Success
Qashier CEO Christopher Choo expressed his elation, stating, “We’re thrilled to have secured this new round of funding, which will allow us to continue to innovate and expand our reach. Our mission is to empower small and medium-sized businesses with the tools they need to succeed, and we believe that our products are the perfect solution for restaurants and retailers looking to grow and thrive in today’s digital economy.”
A Panoramic Ecosystem
Already considered one of the most reliable POS (Point-of-Sale) and payment providers in the region, Qashier has a reputation for offering affordable and user-friendly tools to businesses across various industries. Since its launch in 2019, the startup has processed over $1 billion in transactions, assisting more than 6,000 businesses across Southeast Asia.
In a recent accomplishment, Qashier rolled out its Qashier app—a freemium POS and payment solution that quickly gained traction among SMEs, amassing more than 12,000 downloads within three days of its public beta launch.
Qashier President Franklin Zhao Liang elaborated on the company’s vision: “In a rapidly evolving business landscape, our goal is to provide our customers with a tech-forward solution that anticipates their needs. With this new round of investment, we will be able to continue advancing our products and offerings to enable our customers to be as productive and efficient as they need.”
Next-Gen Hardware and Event-Driven Solutions
But the Qashier app isn’t the company’s only offering turning heads. The company also recently unveiled the Qashier X2 and the lightweight QashierXS—smart POS terminals that ingeniously consolidate POS and payment solutions into a single, sophisticated device. Moreover, Qashier’s event management solutions have transformed the industry, powering renowned events like SneakerCon and Gastrobeats in Singapore, the BLACKPINK concert in Malaysia, and the Wanderland Music and Arts Festival in the Philippines.
A Global Vision Supported by Investors
Alex Browne, Principal at Delivery Hero Ventures, said, “We are excited to support Qashier in their ambition to become the leading all-in-one platform to help SMEs bring their business online and accept payments. Many of our restaurant partners globally use siloed software tools in their operations, which are often expensive and don’t interact with each other. Qashier’s end-to-end solution enables restaurants to focus on serving their customers and growing their business. We believe that Qashier has a substantial opportunity to become a leading multi-product provider for SMEs in the APAC region.”
Also read: RCJ Group Expands Its APAC Operations by Acquiring Brand Asia: A Strategic Move to Bolster Integrated Marketing Services
A Future Unveiled
With headquarters in Singapore and operational offices in Malaysia, the Philippines, and Thailand, Qashier shows no signs of slowing down. With its newfound capital, the company aims to escalate its research and development efforts, crafting even more innovative solutions for businesses not just in Southeast Asia but globally.
For more in-depth information on how Qashier can revolutionize your business landscape, head over to Qashier’s website.