Qashier Co-Founders Christopher Choo (L) and Franklin Zhao Liang
Qashier, a Singapore-based provider of point-of-sale (POS) and payment solutions for small and medium businesses, has secured US$10 million in a Series A funding round led by Delivery Hero Ventures and IFP Securities.
Antler Elevate and Cocoon Capital also participated.
The funds will enable Qashier to accelerate its growth in its four Southeast Asian markets (Malaysia, the Philippines, Thailand, and Singapore), expand into new international markets, and strengthen its product ecosystem.
Also Read: How Qashier plans to continue on supporting SMEs with its product innovation
Christopher Choo, Co-Founder and CEO of Qashier, said: “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.”
Started in 2019, Qashier provides businesses with one integrated smart point-of-sale and payment solution comprising customer loyalty, inventory management, an online ordering system, and other offline-to-online tools.
Since its inception, the fintech startup claims to have processed over US$1 billion worth of transactions and empowered over 6,000 businesses across Southeast Asia with its integrated hardware and cloud-based software solution that streamline business operations.
Its focus sectors are retail, F&B, beauty, events and service companies. Its clients include SneakerCon and Gastrobeats in Singapore, BLACKPINK concert in Malaysia, Wanderland Music and Arts Festival in the Philippines, and Disney 100 Village at Asiatique in Thailand.
In February 2023, the company launched Qashier app, a freemium POS and payment solution that provides SMBs with an accessible, user-friendly solution to managing their business and transactions from their smart devices. It also recently launched the Qashier X2, its latest flagship smart POS terminal, and the lightweight and portable QashierXS.
Also Read: Qashier raises US$4.7M from Exor to take its smart POS machine to Malaysia
Furthermore, Qashier offers an event management solution that can be customised to meet the unique needs of each event.
The company plans to continue investing in research and development to deliver more innovative solutions to regional and beyond businesses.
In December 2021, Qashier bagged US$4.7 million from Exor Seeds, the venture arm of European conglomerate Exor. It bagged a US$900,000 financing round from Cocoon Capital and San Francisco-based Hardware Club a year earlier.
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Image Credit: Qashier.
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