Asia dealbook: Clockster bags funds from Quest Ventures; Limepay raises $15.4m

Photographed by Colin Watts on Unsplash

Kazakhstan-based HR tech platform Clockster has secured $750,000 in a financing round led by Singapore-based Quest Ventures, while Australian enterprise payment startup Limepay has raised $15.4 million in the first phase of its pre-IPO funding.

HR tech platform Clockster bags funds from Quest Ventures

HR tech platform Clockster has secured an investment of $750,000 in a financing round led by Singapore-based venture capital firm Quest Ventures.

Other participants in the funding round include accelerator HR&ED-tech, ABC-I2BF Seed Fund, and Paladigm Capital CEO Olzhas Zhiyenkulov, according to a press statement from Clockster. Singapore-based Clockster, 85 per cent of whose clients are in Kazakhstan, provides simple, easy-to-use time tracking application for employees, helping enterprises to automate their business routines and save time, its website showed.

Australia’s Limepay raises $15.4m pre-IPO funding

Australia-based enterprise payment startup Limepay announced it has raised A$21 million ($15.4 million) in the first phase of its pre-IPO funding from current institutional investors. The latest investment brings the company’s total funding to nearly A$30 million ($22.1 million), news portal Tech in Asia reported.

This also comes after it raised $6 million in a seed round last December. The company is expecting to raise additional institutional funding in early 2021, the news portal said. The new funds will be used to scale up the startup’s sales, marketing, and partnerships operations, as well as enhance and expand its products, management team, and balance sheet funding of working capital.

Limepay had yet to respond to DealStreetAsia’s queries at the time of publishing.

According to Limepay’s website, the fintech startup offers a complete but ever-evolving payments experience designed for merchants — bringing the best of traditional and emerging (such as buy now, pay later) payment experiences together under a brand.

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.