Singapore: ASX-listed Yojee raises $2.5m to fund APAC expansion

Source: Yojee website

Singapore-based logistics software firm Yojee, which listed on the Australian Securities Exchange (ASX) via a reverse takeover in 2016, has raised $2.5 million (A$3.06 million) to fund its expansion in the Asia Pacific.

Investment proceeds will be used for marketing and long-term technology development of its software products.

The enterprise develops software that enables logistics providers to automate their business and offers real-time tracking, pickup and delivery confirmation, invoicing, job management, driver rating, and other related features.

In April, it had raised A$3.9 million ($3.06 million) via an oversubscribed share placement at A$0.06 per share.

In June, it entered into a partnership with Post Media, a print media and news organisation, to launch a logistics platform in Cambodia. The platform will provide parcel delivery and other logistical support services in Cambodia.

The firm uses AI chatbots to automate and handle many sales, customer services and operational tasks, permitting e-commerce enterprises to book deliveries without direct human contact.

It claims to cater to over 280 corporate customers that include brands such as One Sports Puma and Spotlight.

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