Shopmatic aims to turn cash positive in 2021 – Times of India

Shopmatic has registered revenues of over S$7M in 9 months (April-December 2020). The firm claims to have exceeding its goal by 40%.
“The company witnessed great demand from customers in Singapore,India, Malaysia & Hong Kong a testament to the digital wave which has been accelerated due to the effects of COVID-19,” stated the corporate in an announcement.
In December 2020, Shopmatic launched a brand new vary of options permitting clients to select from 4 alternative ways to ecommerce by way of Shopmatic Chat, Shopmatic Social, ShopmaticWebstore, and Shopmatic Marketplaces.
During the final 9 months, Shopmatic as a bunch claims to have enabled over 5000 Singaporean companies to digitize and generate vital buyer revenues by serving to companies promote by marketplaces, social media commerce and their webstores.
The firm plans to additional enlargement in SouthEast Asia this 12 months and is claimed to be in superior discussions with traders for a Series B Fund Raise.

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