2C2P sets up VC arm to make strategic investment in payments firms in Southeast Asia
With the launch of 2C2P.VC, the fintech company aims to further accelerate the growth of its omni-channel payments platform in Southeast Asia and beyond.
The venture arm will primarily focus on strategic partnerships and investments in complementary businesses that offer opportunities for further vertical integration and geographic expansion outside of 2C2P's core markets.
Aung Kyaw Moe, Founder and Group CEO of 2C2P, said: “There are a number of companies where we see a strong strategic fit either due to exciting new technologies, complementary products or geographic presence in markets where we want to be in the future.”
“Above all, we look for teams who want to join our growth journey. With our latest funding round in 2019, we are now in a position to invest in such companies and partner with them even more closely going forward,” he added.
2C2P.VC is headquartered in Singapore and will be led by Eva Weber, who recently joined 2C2P's management team as investment Director. Weber brings with her more than 15 years of experience in the financial services industry, having worked across a range of companies including Merrill Lynch, IFC, Naspers and Adyen.
The launch of 2C2P.VC comes on the back of the company's US$52 million fundraise, led by an international consortium of investors, including IFC, Cento Ventures, and Arbor Ventures, in November 2019.
2C2P helps businesses accept payments from millions of customers around the world on its omni-channel platform (online, mobile and in-store channels). It operates across Southeast Asia, North Asia, the US, and Europe.