Daily Markup

Daily Markup #614: StoreHub team sets their sights on achieving net profitability while empowering small retail and F&B businesses in SE Asia to grow

October 20, 2022 · 2 min read
Credit: TechNode Global

All-in-one, and one for all 

  • “We are driven to make life-changing digital solutions like ours accessible to the little guys – in other words, SMEs who are also the backbone of many SEA economies,” said Co-founder & CEO of 500-backed StoreHub, Wai Hong Fong.
  • The team continues to stay laser-focused on helping restaurants and retailers in Malaysia, the Philippines, and Thailand automate and grow their business. Their recent US$13.5M funding round has been committed to sustainable scaling and further investment into technological innovation to help retail and F&B businesses succeed in the ever-changing landscape.
  • The company has also set the goal of reaching net profitability within 18 to 24 months.
  • Where is StoreHub currently? In the last 12 months, the company has processed over 128 million transactions worth over US$1.58B in gross transaction volume (GTV) — an impressive 40% increase over the previous year.
  • “It is not just marketing speak when we say we are the all-in-one platform you need to automate and grow. Everything you need to run a successful business is integrated meaningfully into our ecosystem – from solutions that automate the ordering and payment process to targeted SMS marketing and real-time customer data reports that can help SME owners make better business decisions,” he commented.
  • Read the full interview on TechNode Global.
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