Kargo
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Kargo, the leading Myanmar-based logistics startup, today announced a USD800k pre-series A financing round led by Cocoon Capital, a Singapore-based, early-stage venture capital fund alongside two business angels. Kargo was founded in 2016 by Alexander Wicks as a platform to digitise the ordering and matching process for inter-city, long distance logistics trucking and intra-city business…
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Kargo – Myanmar’s first online goods transportation service receives over USD$130,000 from Yoma Bank
Kargo has announced that it has inked an SME financing agreement with Yoma Bank, Myanmar’s largest commercial bank. Under the agreement, Kargo will receive an initial loan of approximately US$130,000. Through the bank’s Unsecured SME Financing, Kargo is now able to facilitate same-day payments to its truck drivers, boost its ability to further grow its…
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