Qashier Secures US$10M Series A to Accelerate Southeast Asia Growth

Qashier Secures US$10M Series A to Accelerate Southeast Asia Growth

by August 30, 2023

Singapore-based fintech startup Qashier has raised a US$10 million Series A round co-led by Delivery Hero Ventures and IFP Securities. The fundraise was also joined by Elevate and Cocoon Capital.

Qashier is a point-of-sale (POS) and payment provider that has processed over US$1 billion worth of transactions for over 6,000 businesses across Southeast Asia  since its inception in 2019.

In February 2023, the company launched the Qashier app, a freemium POS and payment solution that enables SMEs to manage their business and transactions from their smart devices. The app has more than 12,000 downloads.

Qashier currently has four offices across Southeast Asia in Malaysia, the Philippines, Thailand, and Singapore.

The company said that it will use the new funds to accelerate its growth in these four focus markets, expand into new international markets, as well as strengthen its product ecosystem.

Christopher Choo

Christopher Choo

“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.”

said Christopher Choo, Co-founder and CEO of Qashier.

Franklin Zhao Liang

Franklin Zhao Liang

“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.”

said Franklin Zhao Liang, Co-founder and President of Qashier.