Vietnam-based niche e-commerce startup Foodmap has raised $500,000 seed funding from Wavemaker Partners while e-payment solutions provider NextPay has announced an investment of VND11 billion ($475,000) in CNV Loyalty, a platform to create customer care applications.
Wavemaker Partners puts $500,000 in Foodmap
Vietnam-based niche e-commerce startup Foodmap has raised $500,000 in its seed funding round from Wavemaker Partners, founder and CEO Tung Pham told DealStreetAsia.
Foodmap connects farmers and small and medium agricultural producers with end consumers to provide transparency and traceability of farming products.
The capital is aimed at helping Foodmap to scale up through investing in enhancing technology, hiring talent and building warehouses.
Pham claimed that the business has been growing at 20 per cent per month in terms of the number of merchants, product assortments and orders. It currently provides agri-products of different categories such as fruits and vegetables, daily essentials, regional specialties, coffee-tea-chocolate and eco-friendly wellness products.
This is understood to be Wavemaker Partners’ first deal in Vietnam.
NextPay invests $475k in CNV Loyalty
Vietnamese e-payment solutions provider NextPay has announced an investment of VND11 billion ($475,000) in CNV Loyalty, a platform to create customer care applications, according to an announcement.
Established in 2017, CNV Loyalty helps businesses interact with old customers, collect reviews, expand many features to help increase customer experience.
The company said that it will use the investment from NextPay to develop its technology and products.
NextPay is the result of a merger between e-wallet service provider VIMO and point-of-sale startup mPOS, both of which were founded in 2014 by the incubator NextTech.
