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.