Tech Company Financing Transactions
Pilon Funding Round
Wavemaker Partners, private investors and Octava Foundation joined a $5.2 million Seed capital raise for Pilon. This venture round was announced on 1/20/2023.
Transaction Overview
Company Name
Announced On
1/20/2023
Transaction Type
Debt
Venture Equity
Venture Equity
Amount
$5,200,000
Round
Seed
Investors
Proceeds Purpose
Pilon will use the funds raised to improve its digital product offerings, expand its footprint in existing markets like the Philippines and Cambodia, and make their foray into either Vietnam, Thailand or Indonesia within the next one year.
Company Information
Company Status
Private & Independent
Industry
FinTech
Mailing Address
International Plaza, 10 Anson Road #03-55
Singapore, 079903
SG
Singapore, 079903
SG
Phone
Undisclosed
Website
Email Address
Overview
Pilon works with buyers by providing more time to pay off their balances and assisting their suppliers to obtain immediate access to their owed payment. From automating transactions to tracking of approved invoices, Pilon enables both parties to obtain strategic cash flow to better their operations through technology. Founded in 2020 and headquartered in Singapore, Pilon also collaborates with banks and financial institutions in the Southeast Asia region that would like to digitalise their factoring processes.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Eddie Lee
Co-Founder
Alex Chua
VP - Human Resources
Cherlin Ong
Browse more venture capital transactions:
Prev: 1/20/2023: CoPilot venture capital transaction
Next: 1/20/2023: Cypris venture capital transaction
Share this article
About Our Venture Capital Transactions Database
We report on tech company VC transactions. VC investment data records on this site are derived from news reports and company announcements. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
Additional Resources for Entrepreneurs