Appboxo raises US$1.1M seed funding to scale operations | FI SENSE

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Singapore-based app integration platform Appboxo has announced it has secured a US$1.1 million in seed investment round. The round of funding was led by FF APAC Scout, a Founders Fund scout vehicle, 500 Startups Southeast Asia focused 500 Durians fund, Plug and Play Ventures, and Antler.

The fresh funds will be invested in enhancing the platform’s  proprietary technology in order to scale its reach. The startups also states that it plans to add new miniapps in travel, e-commerce, finance and lifestyle industries to cover more use cases for integrations by super apps.

Founded in 2019 by Kaniyet Rayev (CEO) and Nursultan Keneshbekov (CTO) through the Antler Singapore programme, Appboxo enables any app to become a super app by providing integration software to allow the launching of miniapps within other native super apps.

“Appboxo is in a unique position to revolutionize the mobile app space via its platform. Asia is currently the fastest growing mobile app market, accounting for 50 per cent of app installs by the end of 2020. Ultimately, our vision is to enable any app to become a super app and offer multiple services via our platform,” explains Kaniyet Rayev.

“In the current market of super apps such as WeChat and Alipay, Appboxo offers the opportunity for any app to follow in their footsteps. This would cater to the growing consumer need for an efficient and integrated user experience,” says Vishal Harnal, General Partner, 500 Startups.

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