Payments Firm 2C2P Launches a Venture Capital Armby Fintech News Singapore April 14, 2020
2C2P announced today that it has established an investment arm, 2C2P.VC, the formation of the investment arm is to make strategic investments in payments and related sectors, to further accelerate the growth of its omni-channel payments platform in Southeast Asia and beyond.
2C2P.VC will primarily focus on strategic partnerships and investments in complementary businesses that offer opportunities for further vertical integration and geographic expansion outside of 2C2P’s core markets.
Aung Kyaw Moe, Founder & Group CEO of 2C2P, said,
“We are excited to announce the launch of our own investment arm, which we see as a critical component of our growth strategy. There are a number of companies where we see a strong strategic fit – either due to exciting new technologies, complementary products or geographic presence in markets where we want to be in the future.”
“Above all, we look for teams who want to join our growth journey. With our latest funding round in 2019, we are now in a position to invest in such companies and partner with them even more closely going forward,”
2C2P.VC is headquartered in Singapore and will be led by Eva Weber who recently joined 2C2P’s management team as Investment Director. Eva brings with her more than 15 years of experience in the financial services industry, having worked across a range of companies including Merrill Lynch, IFC, Naspers and Adyen.
The launch of 2C2P.VC comes on the back of the company’s successful funding, led by an international consortium of investors including IFC, Cento Ventures, and Arbor Ventures, in late 2019. 2C2P was this month recognised as one of the fastest growing Fintechs in Singapore by IDC Financial Insights Asia Pacific.
Featured image credit: 2C2P