Qashier, a Singapore-based payments system provider, has impressively amassed US$10m in a series A funding round.
This strategic move is anticipated to significantly boost Qashier’s footprint in the global payments landscape.
Co-led by Delivery Hero Ventures and IFP Securities, the funds are pivotal to Qashier’s global aspirations. The firm, while rooted in Singapore, extends its top-notch services to several Southeast Asian nations, notably Malaysia, Thailand, and the Philippines.
Diving deeper into its operational model, Qashier serves as a linchpin for businesses aiming to streamline their functions. Their point-of-sale system stands out, giving clients a refined way to oversee inventory and personnel, seamlessly process payments, and pave the way for contactless QR dealings. Further accentuating their commitment to innovation, the startup unveiled an app that delivers a cost-free POS and payment resolution.
Qashier has swiftly risen to prominence since its 2019 inception, proudly associating with over 6,000 enterprises spread across the region. Not to mention, the company boasts of facilitating transactions north of US$1bn. It’s worth noting the remarkable potential that lies ahead for the Southeast Asian POS terminal market. Current projections by Mordor Intelligence indicate that the industry’s worth will likely surge, potentially hitting a staggering US$7.7bn by 2028, marking a twofold increase from the present.
Qashier isn’t the only player vying for a sizeable slice of this booming market. Another noteworthy contender, Fazz, managed to secure a substantial US$100m in a series C round towards the end of the previous year.
Qashier CEO remarked, “Our undeterred commitment to excellence and innovation has been our cornerstone since the beginning. This funding is not just a testament to our efforts but a responsibility we wear with pride, ensuring businesses around the globe experience unparalleled POS solutions.”
Previously, Qashier had made headlines for their various achievements but had not been linked with any other significant fundraising efforts before this current series A round.
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