Asia Digest: ShopRunBack raises $900k; hoolah expands to Malaysia

French-Cambodian logistics startup ShopRunBack has raised $900,000 in a pre-series A round led by Phnom Penh-based VC fund Obor Capital while Singapore-based fintech company hoolah has announced it is bringing its interest-free installment solution to Malaysia.

Logistics startup ShopRunBack raises $900k pre-Series A

French-Cambodian logistics startup ShopRunBack has raised $900,000 in a pre-series A round led by Phnom Penh-based VC fund Obor Capital, according to an announcement. The funding round was also joined by local venture capital firm Negocia Ventures.

ShopRunBack co-founder & director Sophie Meas confirmed the fundraise to DealStreetAsia in an interaction.

Founded in 2014, ShopRunBack is a reverse logistics company serving the Greater Mekong sub-region and China.

The startup aims to transform the returns experience of both customers and merchants through an international logistics network with a new generation of plug-and-play software.

Singapore fintech startup hoolah expands to Malaysia

Fintech company hoolah has announced its expansion outside of Singapore by bringing its interest-free installment solution to Malaysia, according to an announcement.

hoolah allows customers to make purchases online on zero interest installments. It launched its commercial operations in Singapore in February 2018, focusing on online merchants in the retail, travel and airline verticals.

The startup is now expanding outside of Singapore with Malaysia as its first new market. The company said it has partnered with Singapore-based sneaker and streetwear marketplace Novelship and luxury fashion platform BlinQ to launch its service in Malaysia.

“Malaysia was always a key market for our expansion given the proximity to Singapore, as well as the growth in e-commerce,” said Stuart Thornton, CEO at Hoolah.

In 2018, hoolah raised a seven-digit seed round led by AccelerAsia Ventures and Aletra Capital Partners. The round was joined by iGlobe Partners from Singapore.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.