Wavemaker Partners backs Foodmap; NextPay invests $475k in CNV Loyalty

Wavemaker Partners backs Foodmap; NextPay invests $475k in CNV Loyalty

Vietnam-based niche e-commerce startup Foodmap has raised $500,000 seed funding from Wavemaker Partners while e-payment solutions provider NextPay has announced an investment of VND11 billion ($475,000) in CNV Loyalty, a platform to create customer care applications.

Wavemaker Partners puts $500,000 in Foodmap.

Vietnam-based niche e-commerce startup Foodmap has raised $500,000 in its seed funding round from Wavemaker Partners, founder and CEO Tung Pham told DealStreetAsia.

Foodmap connects farmers and small and medium agricultural producers with end consumers to provide transparency and traceability of farming products.

The capital is aimed at helping Foodmap to scale up through investing in enhancing technology, hiring talent and building warehouses.

Pham claimed that the business has been growing at 20 precent per month in terms of the number of merchants, products assortments and orders. It currently provides agri-products of different catergories such as fruits and vegetables, daily essentials, regional specialities, coffee-tea-chocolate and eco-friendly wellness products.

This is understood to be Wavemaker Partners' first deal in Vietnam.

 

NextPay invests $475k in CNV Loyalty.

Vietnamese e-payment solutions provider NextPay has announced an investment of VND11 billion ($475,000) in CNV Loyalty, a platform to create customer care applications, according to an annoucement.

Established in 2017, CNV Loyalty helps businesses interact with old customers, collect reviews, expand many features to help increase customer experience.

The company said that it will use the investment from NextPay to develop its technology and products.

NextPay is the results of a merger between e-wallet service provider VIMO and point-of-sale startup mPOS, both of which were founded in 2014 by the incubator NextTech.

Announcement