Sinar Mas Digital Ventures Led an Investment Round for Thailand-Based Omise

1 min read
May 8, 2015

Sinar Mas Digital Ventures (SMDV) led an investment round worth up to $2,6 million (around Rp34 billion) intended for Thailand-based Omise. East Ventures, 500 Tuktuks (500 Startups’ special fund for Thailand), and True also joined the round. Omise plans on utilizing the funding for their expansion preparation, including its “big plan” in Indonesia.

As being cited from TechCrunch, aside from focusing in Thai market, Omise also looks to expand to Japan in the near future. The startup was founded by Jun Hasegawa and Donnie Harinsut. After Japan, it makes sense to continue the expansion to Southeast Asian market, in which Indonesia is one of most potential markets in the region. In Thailand, Omise is the only one that possesses the PCI 3.0 compliant.

It’s not Sinar Mas Group’s first investment at foreign companies. They have previously funded Japan-based TwitCasting and Singapore-based MyRepublic.

Regarding its plans in Indonesia, Harinsut and Hasegawa only revealed that they have a “big plan” for Indonesia. Hasegawa emphasized, “We look to help Southeast Asian (people) and turn them into cashless society so that they won’t have to use cash any longer.”

Previous Story

Printer 3D Ini Bisa Bantu Dunia Kesehatan

Next Story

Di Masa Euforia E-commerce, Pos Indonesia Seharusnya Tunjukkan Diri Sebagai Pemain Utama di Segmen Logistik

Latest from Blog

Don't Miss

Platform Web3 Singapura, AWST, Dapatkan Pendanaan Awal 26,4 Miliar Rupiah

AWST merupakan salah satu start-up Web3 yang berbasis di Singapura.
Startup energi terbarukan Xurya mengumumkan perolehan pendanaan Seri A sebesar $21,5 juta yang dipimpin oleh East Ventures (Growth Fund) dan Saratoga

Xurya Konfirmasi Pendanaan Seri A 308 Miliar Rupiah Dipimpin East Ventures dan Saratoga

Startup energi terbarukan Xurya mengumumkan perolehan pendanaan seri A sebesar