Shopmatic lands $5.7m in Series A funding round

fintech insurtech wealthtech regtech ai cybertech esg news
fintech insurtech wealthtech regtech ai cybertech esg news

Singapore-based B2B e-commerce enabler Shopmatic has reportedly raised $5.7m in its Series A funding round.

The round was led by ACP and Spring Seeds Capital, according to various media reports.

Shopmatic offers SMEs the ability to create online stores with integrated payment systems.

The company also allows SMEs to list their product catalogues on lending platforms including Amazon and eBay, as well as social selling channels like Facebook.

This platform gives access to data analytics and management, to oversee all areas of the store and initiate changes, sales or promotions.

With the funding round, Shopmatic will expand its presence to Indonesia, the Philippines and the Middle East.

As part of the transaction ACP managing partner Sameer Narula will join the company’s board of directors.

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