Singapore-based fintech startup Qashier has successfully secured US$10 million in a Series A funding round. This significant investment, co-led by Delivery Hero Ventures and IFP Securities, along with participation from Antler Elevate and Cocoon Capital, will fuel Qashier’s growth in its four Southeast Asia focus markets, support expansion into international markets, and enhance its product ecosystem.
Qashier, known for its commitment to providing affordable and user-friendly tools, has garnered a reputation as a dependable point-of-sale (POS) and payment solutions provider across various industries, including retail, F&B, beauty, events, and services.
Christopher Choo, Co-founder and CEO of Qashier, expressed excitement about the funding, stating, “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.”
Since its inception in 2019, Qashier has processed over US$1 billion worth of transactions and supported over 6,000 businesses in Southeast Asia with its integrated hardware and cloud-based software solutions.
In February 2023, Qashier launched the Qashier app, a freemium POS and payment solution designed for small and medium-sized businesses. Within just three days of its public beta launch on the Google Android Play Store, the app received an overwhelming response from SMEs, amassing over 12,000 downloads.
Qashier also introduced its latest flagship smart POS terminal, the Qashier X2, and the portable QashierXS, which combine POS and payment capabilities in a single device, a first in Southeast Asia.
Franklin Zhao Liang, Co-founder and President of Qashier, emphasized the company’s commitment to providing tech-forward solutions, saying, “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.”
Qashier’s offerings have extended into the event management sector, offering tailored solutions for various events in the region, including well-known events such as SneakerCon, Gastrobeats, BLACKPINK concerts, Wanderland Music and Arts Festival, and Disney 100 Village.
Alex Browne, Principal at Delivery Hero Ventures, expressed support for Qashier’s vision, stating, “We believe that Qashier has a substantial opportunity to become a leading multi-product provider for SMEs in the APAC region.”
Currently operating in four Southeast Asian offices, including Malaysia, the Philippines, Thailand, and Singapore, Qashier plans to continue its investment in research and development to deliver innovative solutions to businesses in the region and beyond.