Target Information

Tinvio is a B2B transactions platform headquartered in Singapore, designed to facilitate seamless interactions between merchants and suppliers across Asia. The platform enables businesses to manage orders, invoices, and payments through an intuitive chat-led interface. Since its inception in July 2019, Tinvio has rapidly expanded its operations, serving over 5,000 active businesses, particularly in the food and beverage (F&B) sector.

Recently, Tinvio raised $12 million in Series A funding, bringing its total funding to $18.5 million. The capital infusion intends to enhance its technology and bolster growth initiatives, focusing on real-time B2B payments, credit financing, and trade services. This additional funding underscores Tinvio’s commitment to modernizing B2B trade and improving the efficiency of supply chain operations.

Industry Overview

The B2B payments market in Southeast Asia is witnessing rapid transformation, driven by an increasing number of startups targeting the region’s vast base of over 70 million small and medium-sized businesses (SMBs). Many of these startups are innovating to establish seamless digital interactions in B2B transactions, which have traditionally relied on manual processes such as phone calls and physical paperwork.

In the wake of the COVID-19 pandemic, businesses have accelerated their adoption of digital solutions to enhance operational resilience and efficiency. This digital shift has been particularly beneficial for the F&B sector, which has faced significant challenges yet demonstrated remarkable adaptability. As businesses seek to streamline operations, the demand for robust B2B transaction platforms is on the rise.

Tinvio, with its focus on streamlining communication and transactions through a chat-based system, is well-positioned to capitalize on these trends. Its innovative approach not only simplifies daily operations for its users but also supports data-driven credit assessments that unlock financing options previously unavailable to many SMBs.

The overall industry outlook remains positive, with growing investment in fintech solutions aimed at transforming B2B trade dynamics across multiple sectors. As the digital economy expands, platforms like Tinvio are set to play a significant role in shaping new operational standards.

Rationale Behind the Deal

AppWorks’ decision to lead Tinvio's Series A funding round reflects a strategic commitment to fostering innovation in the B2B payments space. By investing in Tinvio, AppWorks aims to support the company’s rapid growth trajectory, which has already resulted in significant user adoption and transaction volume increases despite pandemic challenges.

The funds will primarily be allocated towards further developing Tinvio’s technological capabilities and expanding its market presence. This investment aligns with AppWorks’ vision to empower companies transforming the way businesses interact through digital platforms.

Investor Information

AppWorks is a leading venture capital firm in Asia, known for supporting entrepreneurial talent across various sectors, including technology and fintech. The firm has a strong track record of identifying high-potential startups and facilitating their growth through strategic investments and advisory resources.

Alongside AppWorks, MUFG Innovation Partners (MUIP), Sequoia Capital’s Surge, Global Founders Capital, and Partech Partners participated in this funding round, underscoring the strong belief in Tinvio’s potential to reshape B2B transactions in Asia. MUIP's involvement also introduces opportunities for Tinvio to explore enhanced financial services for its users.

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The investment in Tinvio from AppWorks and other notable venture firms appears to be a judicious move, given the burgeoning demand for optimized B2B trade solutions. Tinvio’s innovative approach to simplifying transactions through technology represents a strong value proposition. As B2B trade digitization continues to evolve, Tinvio is positioned to gain substantial market share in a rapidly growing segment.

Moreover, the company's focus on enhancing user experience through its chat-led interface alleviates traditional pain points faced by businesses, making it an attractive option for prospective clients. With transaction volumes reportedly quadrupling and high customer retention rates, Tinvio has demonstrated resilience and potential for scalability.

However, the challenge of continuous innovation in a competitive landscape should not be underestimated. As Tinvio expands, maintaining a robust pipeline of features and enhancements will be crucial to addressing the evolving needs of SMBs. If the company can successfully navigate these challenges while capitalizing on its growth momentum, this investment is likely to yield fruitful returns for its investors.

In summary, with a solid technology base, a focus on user experience, and the backing of credible investors, Tinvio embodies the qualities of a promising investment in the vibrant Southeast Asian fintech landscape.

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AppWorks

invested in

Tinvio

in 2023

in a Series A deal

Disclosed details

Transaction Size: $12M

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