fbpx
  • Topics
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Enterprise & SaaS
    • Gadgets & Electronics
    • Health & Bio
    • FinTech
    • IoT
    • Transportation & Logistics
    • Marketplaces & E-commerce
    • Ecosystem
    • Robotics
    • Investments
    • EdTech
    • Featured
  • Deals
    • Private Equity
    • Venture Capital
    • IPO & Markets
  • Interviews
    • Investors’ interviews
    • Founders’ interviews
  • Governments
  • Lists
  • MORE
    • Events
    • Startups Advice
  • Submit an Article
  • REGISTER
  • login
No Result
View All Result
No Result
View All Result
Home Featured

PH startup Peddlr raises pre-seed funding to boost offers for MSMEs

Team AsiaTechDaily by Team AsiaTechDaily
12 November 2021
in Featured, Software
0
Peddlr
1
SHARES
Share on FacebookShare on Twitter
Bookmark (0)

Please login to bookmark

No account yet? Register

Peddlr, a Philippine-based startup offering digital accounting/bookkeeping, inventory management, and digital storefront for Filipino micro and small enterprises has raised $500,000 in an oversubscribed Pre-Seed round.

Leading the funding round for Peddlr was Foxmont Capital Partners, an independent venture capital firm with a strong focus on the Philippines; with participation from Paulo Campos (Zalora), Constantin Robertz (Locad) and Lisa Gokongwei backed Kaya Founders Investment SPV PTE. LTD.

The round also saw participation from Luis Sia (PayMongo), Aaron Kemmer (Magic), Richard Juan, and other strategic angel investors.

Founded by CEO Nel Laygo, COO Aiko Reyes, and founding developers Francis Dela Cruz, Mel Francis Separa and Nelson Bathan Jr, Peddlr serves as an avenue for MSMEs to partake in the rapid digitalization of the Philippine economy.

Despite employing 63 percent of the Filipino workforce and contributing a significant 40 percent towards Philippines’ GDP – MSMEs have been lagging in terms of digital transformation.

By introducing a free digital bookkeeping app, Peddlr is able to reshape the way of millions of local MSMEs record sales, manage credit, and track inventory.

“MSMEs have been eager to join the digitalization of the Philippines and we look forward to Peddlr becoming a key part of that transformation. Nel’s passion and understanding of his users clearly shows in the product, which has already become essential to many,” said Nico Sibal, Director of Portfolio Management of Foxmont Capital Partners.

Since its official launch in July of 2021, Peddlr has exhibited remarkable organic growth, having built a dedicated community of MSMEs who have replaced the traditional pen and paper manner of business management with digital mobile tools.

The company’s technology accelerates the bookkeeping process through digital – cash, credit, and payment – ledgers, allows merchants to track inventory, and increases cash flow visibility with auto-generated financial reports.

Furthermore, the platform’s online store-front feature enables MSMEs to directly participate in the digital economy in just a few simple steps. The wide suite of solutions on the Peddlr platform paves the way for the digital transformation of the previously underserved MSME segment.

“Our unofficial motto is “by founders, for founders”—and we see Nel as a champion of the same cause. Nel brings with him years of regional experience in supply chain and finance operations and has a deep understanding of the specific pain points faced by Filipino MSMEs. The tools that his team is building are designed with the everyday sari-sari store owner in mind, to ensure utility and maximum adoption.” Said Lisa Gokongwei of Kaya Founders Investment SPV PTE. LTD.

Previous Post

Indonesia’s GoTo secures $1.3n in first pre-IPO funding

Next Post

Indonesia-based brand aggregator Hypefast secures $19.5 million in Series A round

Related Posts

edit post
CEO Jung Hae-hyun of Newjak
Content & Games

CEO Jung Hae-hyun of Newjak is to promote K-culture in the global market with XR content

September 25, 2023
edit post
View of Pangyo Techno Valley (Image source: Pangyo Techno Valley website)
Events

Gyeonggi Province Economic and Science Promotion Agency Facilitates Global Expansion for Pangyo Startups

September 26, 2023
edit post
Corobot, a disinfecting robot developed by Hills Robotics(Image: Hills Robotics Homepage)
Featured

Korea’s Pangyo Techno Valley: A Pioneering Hub in the Global Robot Industry

September 20, 2023
edit post
Choi Hyun-seok, CEO of F&S Holdings
AR & VR

Fassker CEO on Revolutionizing Fashion through Digital Innovation & Metaverse Technology

September 19, 2023
edit post
Panoramic view of Huons headquarters (Source: Huons YouTube)
Featured

Pangyo Techno Valley, a Cluster of the Korean Beauty Industry, Strengthens Its Global Competitiveness

September 15, 2023
edit post
(Photo = beSUCCESS)
Events

“Born2Global Center”, a Business Support Organization for Global Expansion of Startups, Is Transformed into the “Global Digital Innovation Network Foundation.”

September 14, 2023
Next Post
edit post
Hypefast

Indonesia-based brand aggregator Hypefast secures $19.5 million in Series A round

Discussion about this post

No Result
View All Result

Popular Posts

  • The Top 5 Dating Apps In Asia – 2023

    85 shares
    Share 34 Tweet 21
  • Japanese EV Startup Terra Motors Raises $28 M in Series C Funding for Infrastructure Expansion

    41 shares
    Share 16 Tweet 10
  • How Rohan Gupta Co-Founder And CEO Of QuillBot Raised $4.25M To Make Writing Painless?

    19 shares
    Share 8 Tweet 5
  • Inshorts CEO Azhar Iqubal: The entrepreneur who got news curated for the Millenials & Gen Z 

    18 shares
    Share 7 Tweet 5
  • Kimberly Yao, CEO And Co-Founder Of CloudEats- A Pioneer Cloud Restaurant Company In SouthEast Asia

    16 shares
    Share 6 Tweet 4
  • How Roland Ros, Founder Of Kumu Raised $6M To Build The #1 Grossing Social App In the Philippines?

    16 shares
    Share 6 Tweet 4
  • Singapore’s VTAC Seals $676 Million Deal to Acquire 17Live Streaming Platform

    16 shares
    Share 6 Tweet 4
  • Top 10 Fintech Startup Investments Powering Southeast Asia in 2023

    15 shares
    Share 6 Tweet 4
  • Yoma Strategic announces plan to acquire Telenor Group’s stake in Wave Money

    13 shares
    Share 5 Tweet 3
  • Indian FinTech startup Jar raises US$32 million in Series A

    11 shares
    Share 4 Tweet 3




  •  Australia
  •  Austria
  •  Bangladesh
  •  Bhutan
  •  Brunei
  •  Bulgaria
  •  Cambodia
  •  Canada
  •  China
  •  Dubai
  •  Europe
  •  Finland
  •  France
  •  Germany
  •  Greater China
  •  Hong Kong
  •  India
  •  Indonesia
  •  Ireland
  •  Israel
  •  Japan
  •  Laos
  •  Lithuania
  •  Malaysia
  •  Mexico
  •  Mongolia
  •  Myanmar
  •  Nepal
  •  Netherlands
  •  New Zealand
  •  Norway
  •  Pakistan
  •  Philippines
  •  Poland
  •  Puerto Rico
  •  Qatar
  •  Russia
  •  Signapore
  •  Singapore
  •  South Korea
  •  Sweden
  •  Switzerland
  •  Taiwan
  •  Thailand
  •  Turkey
  •  Ukraine
  •  United
  •  United Kingdom
  •  United States
  •  Uzbekistan
  •  Vietnam

Topics

  • AI & Big Data
  • AR & VR
  • Blockchain
  • Clean Technology
  • Content & Games
  • Cybersecurity
  • Enterprise & SaaS
  • Gadgets & Electronics
  • Health & Bio

  • Ecosystem
  • EdTech
  • Featured
  • FinTech
  • Investments
  • IoT
  • Marketplaces & E-commerce
  • Robotics
  • Transportation & Logistics

FREE NEWSLETTER

Follow Us

Copyright © 2023 AsiaTechDaily.com| About Us | Seed accelerator| Terms of Use| Privacy Policy| Cookie Policy Contact : [email protected] | DMCA.com Protection Status | trusted by Wimgo

No Result
View All Result
  • Topics
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Enterprise & SaaS
    • Gadgets & Electronics
    • Health & Bio
    • FinTech
    • IoT
    • Transportation & Logistics
    • Ecosystem
    • Marketplaces & E-commerce
    • Robotics
    • Investments
    • Featured
  • Deals
    • Private Equity
    • Venture Capital
    • IPO & Markets
  • Interviews
    • Investors’ interviews
    • Founders’ interviews
  • Governments
  • Lists
  • MORE
    • Events
    • Startups Advice
  • Submit an Article
  • Forums
  • Jobs
  • REGISTER
  • Login

Copyright © 2023 AsiaTechDaily.com| About Us | Seed accelerator| Terms of Use| Privacy Policy| Cookie Policy Contact : [email protected] | DMCA.com Protection Status | trusted by Wimgo

We hope you enjoy our content, May you please give us Feedback regarding our website!

Single Post Feedback