Venture capital activity was subdued in early 2024, but momentum is now building.
The company aims to become profitable by 2027 and reduce its headcount from 200 to about 100 people.
Revibe has been around for nearly two years and claims to have sold more than 80,000 items.
KPay currently serves 45,000 merchants in Hong Kong, Singapore and Japan.
Decart’s Series A valuation is approximately US$500 million, a significant increase from the previous round.
The funds will help expand the business and manage working capital.
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