Thailand’s Omise raises $2.6m Series A funding to expand across Southeast Asia

Visual from the Omise website

Thailand based payment gateway Omise has raised $2.6 million in Series A funding round led by Indonesia-based venture capital firm SMDV with participation from East Ventures, 500 Tuk Tuks and Thai Telco True Group.

Omise, co-founded by Jun Hasegawa and Ezra Don Harinsut in June 2013, has attempted to create an efficient payment method in response to the growth of e-commerce across Asia.

The easy-to-integrate payment gateway enables e-commerce merchants to accept payments on any platform for 24 hours.

Omise will use the funding proceeds to launch its products soon in Southeast Asia and Japan – where the online market is expected to touch  $600 billion by 2020.

“This is a totally new chapter for us. Partnering with well established brands both in Thailand and other SEA countries is a game-changer for Omise to expand into the region,” says Harinsut.

Also read: Thai online marketplace Blisby raises $300k from East Ventures, DeNA, 500 Startups

Due to the different regulations and user behaviours in each country, Omise has teamed up with several local partners who will add diverse payment methods to the Omise products, covering a wide range of merchants, from startups to airlines.

“We want to help Southeast Asia quit using cash and move on to be a cashless society,” Hasegawa told TechCrunch, adding that it will come up with a “big plan” for Indonesia soon.

Omise has raised an earlier round of $300,000 from East Ventures in 2014. Including the latest round, it has so far raised total funding of $2.9 million.

Also ReadPollution monitoring device uHoo secures seed funding from East Ventures

Indonesian e-commerce startup Kudo raises ‘seven digit’ Series A round led by GREE, East Ventures

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.

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.