BankingBusiness

Pilon: Raises $5.2 million in seed funding

Pilon: Raises $5.2 million in seed funding

  • Pilon works with suppliers to provide them with immediate access to their owed payment 
  • Announced that it has successfully raised a seed round of USD 5.2 million
  • Wavemaker Partners led this round, with participation from Octava Pte Ltd and Polaris Kin Pte Ltd
  • The venture-built company enables Southeast Asia’s small and medium-sized enterprise suppliers
  • With the new funds, the company will also scale up business acquisition and talent in areas like marketing and technology
  • Aims to bridge the gap and foster healthier relationships between buyers and suppliers which has been a longstanding concern
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Laura M
Laura M
Laura is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.

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