US-based venture capital firm Almaz Capital Partners has led a $1.3 million investment in iboxMPOS, a mobile point-of-sale (mPOS) company based in Hong Kong that enables debit and credit card payments through smart phones or tablets, functioning as a mobile acquiring and payments platform. Inventure Partners and ESN Group also participated in the round.
For already a year Hong Kong-based ibox has been operating in Vietnam, and the company will use the proceeds from the latest investment round to expand to other South East Asia markets. ibox Vietnam had also recently launched its iboxStart feature, designed to target merchants with less than $1000 turnover per month, and ready to offer an offline accounting solution for small Vietnamese businesses.
