Saturday, 2024 March 2

Southeast Asian smart retail startup Blue Mobile closes Series C funding round led by Ant Financial

Southeast Asian vending machine platform Blue Mobile has recently completed its Series C funding round, raising an undisclosed amount. Hangzhou-based Ant Financial was its lead investor and Beijing-based Joy Capital was a co-investor, KrASIA has learnt.

The company said it will use the new capital to “expand mobile payments usage scenarios” by collaborating with Truemoney, Dana, Lazada, and Tokopedia.

Blue Mobile was founded in Shenzhen in 2014 and has subsidiary companies in Thailand, Vietnam, Malaysia, and Indonesia. According to the company’s website, its flagship product BluePay Wallet is a mobile payment platform that has “full ability of payment, transfer, and no transaction fee.” It handles more than 300,000 transactions on a daily basis.

The company now runs more than 6,000 smart vending machines across Indonesia and Thailand and plans to add 30,000 units in the coming year.

With reporting by Xiaochun Zhao.


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