Roehl Niño Bautista · · 1 min readSG app-making platform bags $7m in series A money
Singapore-based Appboxo, an app development platform, has raised US$7 million in a series A round led by RTP Global. 500 Southeast Asia and Antler joined the round as returning investors.
Appboxo founders Nursultan Keneshbekov (left) and Kaniyet Rayev / Photo credit: Appboxo
Appboxo allows mobile applications to become super apps by enabling integration with multiple “mini apps.” It also has a free mobile-first ecommerce platform, Shopboxo.
It is currently working with fintech firms GCash, Paytm, and Vodapay, and said it supports 250 small and medium businesses with its platform.
Appboxo was established in 2019 by Kaniyet Rayev and Nursultan Keneshbekov. It was part of Antler’s third Singapore cohort.
The fresh funds will go toward developing Shopboxo and expanding within Asia, the company said.
See also: The superpower behind Grab’s super app?
Other investors in this round include:
- SciFi VC
- Gradient Ventures
- Huey Lin
- Kayvon Deldar
Editing by Deepti Sri and Arpit Nayak
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