Chat-based ecommerce platform TokoTalk has raised US$3.2 million from US-based venture capital firm Altos Ventures.
The startup said it will use the fresh capital to improve its payment security and marketing tools.
Photo credit: TokoTalk
Powered by South Korean tech startup Codebrick, TokoTalk is targeted at sellers on social media platforms such as Instagram and WhatsApp.
Since its launch in March 2018, the company says it supports more than 100,000 online sellers on its platform and has facilitated US$10 million worth of transactions for one year. It has also seen its user base grow by 35% monthly over the past six months, it said in a statement.
TokoTalk hopes the improvements it’ll make will drive growth in transactions, to hit US$20 million per month in orders.
