Thailand-based price technology carrier Digio has raised $4 million in Series B around to boost up its product and facilities development, according to an announcement.
The investors partaking in this round blanketed Thai interbank payments provider PCC, Beacon Venture Capital, and Private Equity Trust for SME Growing Together 2.
The company spoke of the brand new investment will enable it to improve its capability to provide payment era to economic institutions and give a boost to Thailand’s swiftly turning out to be digital bills infrastructure.
Established in 2012, Digio provides fee hardware and instrument solutions, such as EDC terminals, cellphone point of sale (mPOS) systems, cushy tokens, and fee gateways. Its products allow principal institutions to let digital payments for patrons and SMEs.
The company has clients in Asian countries such as Japan, Malaysia and Myanmar and claims that it has been profitable given that its inception, and will keep to recognition on keeping up a sustainable growth philosophy.
“We believe enormously privileged to have long-standing agree with from PCC and the important economic establishments in Thailand, and today’s investment will enable us to convey a broader array of price amenities to institutions and buyers alike,” noted Digio founder and CEO Nopphorn Danchainam.
Recently, the payment agency collaborated with PCC to release FLite, a cost-effective POS terminal which will allow SMEs to securely be given and method contactless credit card payments.
Founded in 2016, Beacon VC is a wholly-owned corporate assignment capital fund of Kasikornbank PLC. With an initial corpus of $30 million, Beacon VC focuses on strategic investments in early to increase-stage era startups covering now not most effective financial technology (fintech) in spite of this also customer approach to life and deep era sectors such as synthetic intelligence (AI) and enterprise IT.
Digio marks the 10th direct investment by the VC firm. Its other direct investments come with neobank Aspire Financial Technologies, cross-border payments company InstaReM, and ride-hailing and financial services unicorn Grab.