Daily Markup #1123: Boxo supercharges businesses with rapidly deployed miniapps, clocking in 5-6x revenue growth and 2x client base

Photo credit: Tech in Asia

Super success

  • More companies are seeking to provide a multitude of offerings to their users that are outside of their core services. However, developing these features is not an easy task.
  • In comes superapp enablers like 500-backed Boxo, who make it easier and faster to add on these services.
  • Boxo helps businesses launch new services on their app without needing to develop them in-house. The team can deploy these miniapps in a matter of weeks.
  • Founder & CEO Kaniyet Rayev shared that the company’s revenue from January to October has grown 5-6x year on year.
  • The trend this year, according to Kaniyet, is travel. Just in the last 2 months, the team enabled eSIM services for two companies. This allows customers to purchase eSIMs directly through their respective apps.
  • Another big adopter of the superapp strategy is digital banks. In the Philippines, Boxo inked a deal with a digital bank to integrate non-financial services, and worked with e-wallet GCash to embed pharmacy and grocery delivery services
  • Kaniyet revealed that the team has built 600 mini apps on GCash alone.
  • This year, Boxo has collaborated with 4 apps, with another 6-7 lined up for the year, almost doubling their current client base.
  • Read the full story on Tech in Asia.
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