Thai comparison site Masii.com acquires ticketing platform One Place

Max Meyer and Masii.com team

Masii.com, a Bangkok-based comparison site for financial products, has diversified into online event ticketing through the buyout of One Place for an undisclosed sum.

The acquisition will give Masii.com a new platform to serve its banking customers.

“Events ticketing is one of the highest conversion points of sale for a credit card. They also help build brand loyalty for existing credit card customers – if buying a ticket with your CIMB Thai credit card gets you special access to seating and promotions on our site, you’ll be an even happier customer,” Masii.com’s CEO and co-founder Max Meyer told DEALSTREETASIA.

Meyer confirmed that this deal was not a part of its series A round that raised around $2.43 million in February this year.

“One Place is a site that I and our team have used at various points and we liked the company. As residents of Bangkok, there aren’t so many sites that aggregate all the events that are happening, for locals and tourists alike. There are more than 10 art expositions in Bangkok right now, but there’s no place that lists them all. We want to build One Place as a events discovery and ticketing resource that people love to check on a daily basis,” he explained.

One Place was founded in 2011 as a one-stop online ticket agent for artistic venues and shows in Bangkok including Bangkok Comedy Club. Along with the deal, One Place’s co-founder Eliot Delunas will come on board in 2019.

“One Place carved out a niche by thinking differently about how people find things to do, and from the fintech side, how to solve the unique payment problems that exist locally. Masii.com is at the forefront of the rapidly evolving fintech industry, which will provide excellent synergies in staying relevant and adapting to best serve Thailand’s online customers,” said Delunas.

Meyer added Masii.com’s monthly revenue had increased by nine times from January to December this year and its organic traffic grew by 10 times.

“Organic is now our largest source of customers, and it grows every month. We added niche products like drone insurance to the portfolio. In drone insurance we became the largest online seller in Thailand, with over 80 per cent market share of online drone policies. The number is still quite small, but as drone enthusiasts ourselves, we’re thrilled,” he said.

Also read:

Exclusive: Masii.com completes $2.43m Series A round to accelerate growth

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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.