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
Previous article
Oxipit: Closes $4.9M Funding Round
Next article
PrimaryBid: Appoints Chief Operating Officer
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.

You May Also Like

FinTech

NYSE Parent Invests $600M in Polymarket, Strengthening Market Position

This significant investment signals confidence in the future of predictive markets.Highlights: NYSE's parent company allocates $600M to Polymarket.Investment...
FinTech

Nexi Expands SEPA Direct Debit with Danish Banks, Enhancing Payments Integration

Nexi's collaboration with Danish banks aims to strengthen payment services across Europe.Highlights: Nexi partners with several Danish banks...
FinTech

Lloyds Confirms App Glitch Exposed Data of Almost Half a Million Customers

The significant data breach prompts concerns over customer privacy.Highlights: Lloyds Banking Group admits to a data breach affecting...
FinTech

Mastercard Restricts Sale of Nets Payments Unit Purchased for $3.2 Billion

Mastercard looks to divest its Nets payments segment as part of strategic realignment.Highlights: Mastercard is seeking to sell...