Singapore Red Dot Payment complete Series A round

Founded in 2005, Red Dot Payment provides end-to-end payment solutions for small- to medium-sized e-commerce businesses across Southeast Asia. According to a release, the fresh injection of capital will go to supporting the company's expansion and help it strengthen its position in Southeast Asia.

"The online e-commerce space is such an exciting place to be in today," said Randy Tan, founder and managing director of Red Dot Payment. "Every day you hear new ecommerce stores and technology start-ups setting up. Aside from generating traffic, they have to find a way to accept online payment and Red Dot Payment is here and ready to be their trusted partner."

Wavemaker Pacific focuses on early stage technology companies in Southeast Asia and is part of the DFJ Global Network of 15 venture capital firms across four continents. Set up in 1995, GMO Global Payment Fund is Japan's largest online payment service provider. The company targets more than $14 billion annually in a $110 billion online commerce market in Japan. Its customers include the Japanese pension service and the Tokyo metropolitan government.

 

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• Topics
• Southeast Asia
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• Singapore
• Consumer
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• Venture