Photo Source: Kaddra
Kaddra, a Singapore-based tech company, has secured an additional US$2.5 million in a seed funding round, bringing its total seed funding to US$5.5 million. This seed funding round seemed to have come at a perfect time, as the award-winning company is currently experiencing rapid growth. It also achieved several key milestones including a partnership with Indonesia's largest payment gateway DOKU, expansion into the Philippines market, and over 165% growth in the last quarter alone. This investment will enable the company to accelerate its growth further, scale its self-service offering, and bring further innovations to the market.
The most significant challenge facing SMEs is their inability to retarget customers which currently available solutions are failing to address. Kaddra is on a mission to help SMEs realize their full digital potential and be ready for the next generation of mobile, IoT, and voice assistants Commerce.
“In the face of the increasing difficulties to navigate the digital transformation, we have brought to the market a mobile-first, automated sales and remarketing solution so that SMEs can operate like pros and grow with the resources they already have,” Quentin Chiarugi, co-founder and CEO of Kaddra, says. “I am immensely proud of the trust from our investors to support Kaddra's ambition to become a global market leader in our sector.”