StashFin will use the fresh funds to grow in existing markets, expand across South Asia, and boost local language support on its customer platform. Indian neobank StashFin has raised US$40 million in a Series B extension round, the startup announced in a statement yesterday. Neobanks are digital [...]
Tramés, a Singapore-based supply chain orchestration technology startup, whose goal is to streamline, unify and digitise workflows for shippers and their logistics partners, has today announced that it has raised an undisclosed seed round, led by Kamet Capital Partners. The fresh funding will be used to build the team and further develop their product to better serve the SME market.
Increasingly, there has been growing demand for businesses to digitise their supply chains and increase operational efficiency. Echoing this sentiment, Gartner’s report on supply chain predictions highlighted the importance of emerging technologies and the value addition it has brought to the supply chain sector. The report estimated that by 2023, at least 50 per cent of large global companies will implement some form of AI (artificial intelligence), advanced analytics and IoT (Internet of Things) in their supply chain operations. These digitally transformative initiatives will entail innovative ways of doing business and enable new process flows that could result in additional revenue channels or cost savings.
On the successful fundraise, Kevin Lim, Chief Executive Officer and Co-Founder of Tramés said, “The supply chain and logistics industry has traditionally been plagued with manual processes and fragmented workflows – Tramés was founded to address this problem, to provide a solution that includes connecting all logistics stakeholders across supply chain ecosystems. We have been seeing a more concerted push from our multinational clients to empower their trading partners and other SMEs to digitise, and we aim to add value to this space by providing our users access to the technology they need to do so. The funding, as well as Kamet’s strong start-up expertise and deep networks, will accelerate the pace at which we are able to achieve our goals.”
“Tramés has set out to revolutionise the way things are done for the supply chain industry through its platform. Over the years, we have seen how fragmented supply chains are, and Tramés has done a really great job in bridging that gap. The founding team has approached this issue with great commitment, and with their deep expertise and understanding of the industry and its challenges, we are confident that their platform will continue to grow and add value. Amidst the current landscape, players across all industries are realising the need to digitise, and it is no different for the supply chain management and logistics industry. We are truly excited to embark on this new journey with Tramés as a partner,” said Kamet Capital Partners.
For more details on Tramés, visit https://trames.sg/. Gartner Predicts 2019 for Supply Chain Operations, https://www.gartner.com/smarterwithgartner/gartner-predicts-2019-for-supply-chain-operations/