Technology

Shopmatic aims to turn cash positive in 2021

Shopmatic has registered revenues of over S$7M in 9 months (April-December 2020). The corporate claims to have exceeding its goal by 40%.
“The corporate witnessed nice demand from prospects in Singapore,India, Malaysia & Hong Kong a testomony to the digital wave which has been accelerated because of the results of COVID-19,” mentioned the corporate in an announcement.
In December 2020, Shopmatic launched a brand new vary of options permitting prospects to select from 4 other ways to ecommerce by way of Shopmatic Chat, Shopmatic Social, ShopmaticWebstore, and Shopmatic Marketplaces.
Over the last 9 months, Shopmatic as a gaggle claims to have enabled over 5000 Singaporean companies to digitize and generate important buyer revenues by serving to companies promote via marketplaces, social media commerce and their webstores.
The corporate plans to additional enlargement in SouthEast Asia this yr and is claimed to be in superior discussions with traders for a Sequence B Fund Increase.

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