The startup also aims to grow its headcount from about 27 currently to 37 in the next six months. It is looking to add more software engineers to the team, KOKU’s CEO and founder Calvin Goh toldKOKU plans to further raise US$10 million in Series A funding by the first half of 2019. “For us, the ideal investors would be financial investors who have a strong network of strategic partners able to complement KOKU’s business,” said Mr Goh.
The startup then saw an opportunity to “tech up” the NBFIs and realigned its business focus late last year, Mr Goh said. The suite also features a white label remittance solution for businesses to add or build digital remittance offerings such as e-wallets. The suite’s API solution also allows KOKU’s clients to integrate their offerings with external solutions.
“With our expertise in tech-enablement, paired with their industry expertise, we’re able to save on cost, time and risk management. As our customers aren’t burdened with the responsibility of ensuring the technology works, they are able to focus on providing for their customers,” he added.
Source: News Formal (newsformal.com)
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