Fintech Statup Qashier Raises $10 Million in Series A Funding Round

Qashier, a Singapore-based fintech startup, announced on Aug 30 that it has raised $10 million in a Series A funding round.

The funding round was co-led by Delivery Hero Ventures, an independent venture capital fund backed by Delivery Hero, the world's leading local delivery platform, and IFP Securities, according to Qashier.

It was also stated that Antler Elevate and Cocoon Capital took part in the round.

This latest round of funding comes at a time when the fintech sector is experiencing unprecedented growth, emphasising the importance of accessible, user-friendly tools for businesses of all sizes.

As businesses in Southeast Asia shift towards digital payments, Qashier said that with its innovative solutions and commitment to merchant success, the firm is well-positioned to continue leading the way in the rapidly evolving world of digital payments and point-of-sale (POS) solutions.

The funds will allow Qashier to accelerate its growth in its four Southeast Asia focus markets, expand into new international markets, and strengthen its product ecosystem, according to the statement.

"In a rapidly evolving business landscape, our goal is to provide our customers with a tech-forward solution that anticipates their needs," said Franklin Zhao Liang, Qashier's Co-Founder and President.

"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," he added.

Meanwhile, Qashier Co-Founder and CEO Christopher Choo stated that the new round of funding will enable the company to continue to innovate and expand its reach.