Fintech startup Qashier raises US$10 million in Series A round

SINGAPORE-BASED Qashier on Wednesday (Aug 30) said it has raised US$10 million in a Series A funding round led by Delivery Hero Ventures and IFP Securities.

Other participants in the round include early-stage venture capital firms Antler Elevate and Cocoon Capital.

The fintech startup provides businesses with smart point-of-sale and payment solutions. It also uses integrated hardware and cloud-based software solutions to help businesses streamline operations.

It plans to use the funding to grow its South-east Asian presence, expand into new international markets and boost its product ecosystem.

It currently has four offices in the region – Malaysia, the Philippines, Thailand and Singapore.

“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,” said Franklin Zhao, Qashier’s co-founder and president. 

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Since its founding in 2019, Qashier said it has processed over US$1 billion worth of transactions. In February this year, it launched its Qashier app, a point-of-sale and payment solution targeted at small and medium-sized businesses.

Its solutions have also been used by vendors at events such as Sneaker Con and Gastrobeats in Singapore, the Blackpink concert in Malaysia, Wanderland Music and Arts Festival in the Philippines, and Disney 100 Village at Asiatique in Thailand.