Doxa, a digital procurement platform focused on SMEs in the construction industry, received an investment aimed at enhancing accessibility to financing and digitalizing procurement processes across Southeast Asia.

Information on the Target

Doxa is a digital procurement platform designed to facilitate and enhance the procurement process for small and medium-sized enterprises (SMEs), particularly in the construction industry. Founded in 2019 by Edmund Ng, Leon Yeo, and Henry Kwan, Doxa aims to tackle the challenges SMEs face in digitizing their operations and accessing credit from financial institutions. The platform automates the procurement cycle, providing a clear trail of transactions that can be leveraged by financial institutions to assess the creditworthiness of SMEs seeking financing.

Doxa's proprietary solution, Doxa Connex, not only streamlines transaction processing but also enables SMEs to monetize their invoices through anchor financing. This process allows suppliers and subcontractors to use the credibility of larger buyers to obtain much-needed credit and financing. By offering a digital platform where every transaction is verified and recorded, Doxa significantly enhances the financial accessibility for SMEs in complex supply chains.

Industry Overview in Southeast Asia

The construction industry in Southeast Asia presents a multifaceted landscape characterized by a significant presence of SMEs, which not only contribute to the regional GDP but also play a critical role in r