Qashier secured $10 M Series A funding from Delivery Hero Ventures, IFP Securities
A series A round co-led by Delivery Hero Ventures and IFP Securities netted US $10 million for Qashier, a Singapore-based provider of payment systems. Other investors included Antler Elevate and Cocoon Capital.
The capital will support the startup’s efforts to grow geographically, strengthen its presence in current markets, and improve its product line. The startup also provides its services in Malaysia, Thailand, and the Philippines in addition to Singapore.
Through its point-of-sale system, Qashier assists businesses in streamlining their operations by enabling customers to better manage staff and inventory, handle payments, and enable contactless QR transactions. A new app from the startup provides a free point-of-sale and payment solution.
According to the business, since its launch in 2019, it has served more than 6,000 businesses in the area and processed more than US $1 billion in transactions.
The POS terminal market in Southeast Asia is still expanding rapidly. The market size for the sector is projected to increase by two times to US $7.7 billion in 2028 from this year, according to data from Mordor Intelligence.
