Vietnam-based venture capital firm Nest Tech also participated in the seed round.
“I spoke to dozens of company owners, CEOs and HR Managers. I asked them why they didn’t provide better benefits to their employees. Their answers were nearly all the same: they fear that implementing an employee benefits program will be time consuming and expensive – and that employees wouldn’t appreciate it,” said Mote Poh founder and CEO Loring Harkness.
To solve this problem, Harkness said he developed Mote Poh, a small book of 100 per cent free items and exclusive discounts at favourite shops, restaurants and activities across Myanmar that companies can use to reward their employees.
“Mote Poh makes employee benefits easy – just great benefits employees love, with no hassle and no big price tag,” he said.
Mote Poh now boasts over 60 customers include Yoma Strategic Holdings and MyJobs.com.mm. The startup is now developing a mobile app and expanding to other types of loyalty programs.
“As an investment firm, we’ve seen high employee churn rates across many industries in Myanmar, and it’s exciting to see Mote Poh tackling the problem head-on. We expect to help Mote Poh grow by consulting on technology and finance, as well as helping them partner with our mentors and companies in our network,” EME said in a statement.
Founded in May 2018, Mote Poh is currently based out of the Phandeeyar co-working space.