Singapore ticketing software firm GlobalTix has raised about $5 million in its Series B funding round, while the Philippines-based fintech startup OneLot has secured $4 million in fresh funding.
GlobalTix scores $5m funding led by Tin Men Capital
GlobalTix, a Singapore-based ticketing software provider for the tourism industry, has announced raising S$6.5 million (about $5 million) in its Series B funding round.
The round was anchored by venture capital investor Tin Men Capital with participation from SEEDS Capital, ORZON Ventures, and a US-based family office, per the announcement.
GlobalTix, which also serves as a marketplace distribution platform, said it will use the fresh funds for its expansion and to harness AI in its technology offerings.
“This investment will enable us to strengthen our foothold in APAC and expand our market access. We will also deploy AI and predictive analytics to identify trends,” said GlobalTix CEO Chan Chee Chong.
Launched in 2013, GlobalTix claims to be the largest ticket aggregator in Southeast Asia, hosting over 150,000 experiences and 12,000 travel agents and issuing over 12 million tickets annually. It has offices across Asia, including China, India, Indonesia, Japan, Korea, Malaysia, the Philippines, Thailand, and Vietnam.
OneLot secures $4m pre-seed round
OneLot, a lending fintech startup based in the Philippines, has announced raising $4 million in a pre-seed funding round led by global tech investment firm 468 Capital.
The round also saw the participation of Kaya Founders, Crestone Venture Capital, 21yield, Founders Launchpad, and angel investors, per the announcement.
OneLot, founded by Harm-Julian Schumacher, Tommy Campos, and Subramaniam Srinivasan, specialises in offering working capital financing exclusively to used car dealers. The company said it handles loan applications and disburses capital in a matter of hours by leveraging an AI-enabled underwriting algorithm.
Since its launch earlier this year, OneLot said it has disbursed over $1.3 million in loans, financed more than 200 cars, and has experienced 10x revenue growth through the second and third quarters of 2024.
