StoreHub is a cloud-based retail management solution and iPad point-of-sale system for SMEs, founded in 2013 by Wai Hong Fong and Congyu Li and headquartered in Malaysia. The platform automates ordering, payments, customer engagement, inventory tracking, supplier management, and sales analysis, and has expanded to include QR-based table ordering and loyalty features. StoreHub serves over 15,000 paying retail and restaurant outlets across Southeast Asia. In the last 12 months it processed over 128 million transactions worth more than $1.6 billion in gross transaction volume, a 40% increase year over year. The company says it will use new funding to continue meeting demand, maintain positive unit economics, and invest in technology innovation to deepen value for each customer. StoreHub is a Southeast Asian retail tech startup. The company raised $8.9 million in a Series A+ funding round, according to the article. The round was led by returning investor Vertex Ventures Southeast Asia & India. The article provides no product-level details, revenue, user metrics, or stated use of proceeds. No other investors or financial instruments were disclosed in the piece. Further operational or strategic information was not included in the statement cited by the article. StoreHub offers point-of-sale (POS) technology and accompanying digital services to help physical retailers digitize finances and inventory management. Founded in 2014, it charges around $39 per month for its POS service and also sells hardware. The company says it works with some 3,200 retail stores across Malaysia, Thailand and the Philippines. StoreHub plans to expand to additional Southeast Asian markets including Indonesia, Vietnam and Cambodia and to broaden its services into digital marketing and e-commerce. Founder and CEO Wai Hong Fong is based in Malaysia while CTO Congyu Li leads the tech team from Shanghai. The new funding will be used to grow the tech team and execute a hiring spree aimed at doubling its current headcount of 80 staff. StoreHub is a Malaysian point-of-sale (POS) startup. The company offers POS solutions for merchants. The article reports StoreHub raised $850,000 in seed funding. The round was led by undisclosed private investors from a China venture capital firm, with participation from 500 Startups and investors in Singapore and Malaysia. The article does not disclose other financial metrics, past rounds, or future plans.

Total raised

$28M

Funding rounds

4

Latest round

Series B

Latest activity

Sep 2022