Singapore-based fintech startup Qapita is raising $1.8 million in a seed round while Vietnam-based pawn service VietMoney has closed its Series A funding.
Qapita raises $1.8m seed funding led by Vulcan Capital
Singapore-based fintech and legal-tech startup Qapita has raised a $1.8-million seed round led by Vulcan Capital, the former has announced.
Early-stage investors Alto Partners Multi-Family Office, Rippledot Capital CEO Atin Kukreja, Koh Boon Hwee, K3 Ventures, KDV Holdings, Mission Holdings and several Northstar Group partners including Patrick Walujo, participated in the funding.
Founded in 2019, Qapita provides a digital equity management software that helps manage capitalisation tables and employee stock ownership plans (ESOP). The company said it will also enable the digital issuance of ESOPs and shares.
“Having worked alongside multiple founders and startups during their fundraising journeys, we recognised the huge gaps that exist in digitising ownership records,” said Ravi Ravulaparthi, CEO and co-founder of Qapita.
“If records are systematically digitised today, then transactions can be digitised in the future. We also believe the platform will encourage more employee equity ownership in startups,” he continued.
Qapita will use the seed funding proceeds to strengthen its team, accelerate product development and build its client base. The startup has offices in India and Singapore, and will initially serve customers based in Singapore, India and Indonesia before expanding into other markets.
Vietnam-based pawn service VietMoney closes Series A
Vietnamese pawnshop operator VietMoney has snagged a Series A funding from Probus Opportunities and local investor Digi Ventures, according to an announcement.
The two investors will hold a combined 30 per cent stake in the company and join its board of directors. The value of the investment was not disclosed.
Established in 2016, Vietmoney currently runs 16 stores in Ho Chi Minh City under an O2O model. The company claims to have more than 20,000 regular customers. The Series A financing will allow Vietmoney to expand its network to 100 branches across 28 cities and provinces nationwide, founder Trinh Van Phuong said.
“With more than 50 per cent of Vietnam’s population lying in the subprime market segment, there is a clear need for access to transparent and accessible finance,” said Marc Lavoie, who oversees Probus’ operations in East Asia and the Pacific.
Probus Opportunities is an investment fund of Swiss-based Probus Group. The firm invests in listed and unlisted companies in emerging markets and has funded Vietnamese companies such as FPT Corporation and Digiworld JSC.