Thailand-based payment company Beam recently secured US $2.5 million in a seed funding round from Partech Partners, Sequoia India, and Southeast Asia’s accelerator program, Surge.
Beam is a one-click checkout solution for social media and e-commerce platforms that was founded in 2019. It asserts that the checkout procedure only takes 20 seconds to complete.
The business was founded by Mike Chinakrit Piamchon, a veteran of retail e-commerce in the US and Southeast Asia, former Arm software engineer Nattapat Chaimanowong, and former Roland Berger consultant Win Vareekasem.
The seventh cohort of Surge, which was presented earlier this year, includes Beam.
The payment company intends to utilize the new capital to grow its workforce, add more merchants, and enter further Southeast Asian nations.
