Singaporean cross-border logistics platform Jano has raised US$8 million in funding from Choco Up, a revenue-based investment and fintech firm in Hong Kong.
With the new funding, Janio aims to expand its services into new emerging markets.
Founded in 2018, the startup aims to simplify deliveries across borders. It integrates its logistics chain by creating partnerships with a wide network of service providers, connecting clients with logistics partners through its data-driven platform.
Janio’s solutions allow their clients across Asia — including Indonesia, Malaysia, Taiwan, Mainland China, and Thailand — greater control over the supply chain and help streamline logistic-related paperwork.
With the e-commerce industry set to boom in the aftermath of the COVID-19 pandemic, Choco Up’s investment will allow Janio to boost its growth to meet rising industry demands.
“E-commerce is at an all-time high and it’s a very good time for Janio to carry out expansion plans to secure their presence in the region as the leading provider of logistic infrastructure that helps businesses scale their operations quickly and reliably,” said Percy Hung, co-founder of Choco Up.
“At Janio, our vision is to build Southeast Asia’s leading logistics network that provides the infrastructure to help companies grow their business more efficiently and reliably. Our goal is to create a superior end-to-end delivery experience for our customers by working closely with our partners across the region,” said Junkai Ng, co-founder of Janio.
“Choco Up’s backing and their fast-track funding system will provide us the quick capital necessary to carry out expansion plans with peace of mind at this pivotal time for the industry,” he added.
The logistics market in Southeast Asia is expected to total US$55.7 billion by 2025 – demonstrating the growing demand and necessity for flexible, technology-enabled solutions.
Founded in 2018, Choco Up offers flexible non-dilutive funding solutions across eight countries and 10 sectors. With offices in Hong Kong and Singapore, Choco Up is an advanced data-driven fintech platform that leverages data analytics and vast integration to automate growth fund deployment and risk management.
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