Southeast Asia-based Blue Mobile is a vending machine platform

Along with Beijing-based Joy Capital as co-investor, Hangzhou-based Ant Financial invests in Blue Mobile, a vending machine platform based in Southeast Asia. The amount of the Series C funding round is undisclosed, as reported by KrAsia.

The company said it will use the funding to explore collaboration with Truemoney, Dana, Lazada, and Tokopedia for mobile payments usage possibilities.

Back in 2014, Blue Mobile was founded in Shenzhen and now has subsidiary companies in Thailand, Vietnam, Malaysia, and Indonesia.

It has a flagship product called BluePay Wallet, which is a mobile payment platform that allows payment, transfer, with no transaction fee, said to be handling more than 300,000 transactions on a daily basis.

Also Read: Insurtech Waterdrop Company closes nearing US$74M Series B funding

The company claims that it now runs more than 6,000 smart vending machines across Indonesia and Thailand. It plans to add 30,000 units in the coming year and partner with major e-money platforms

Photo by Laura Thonne on Unsplash

The post Smart retail startup Blue Mobile raises Series C funding from Ant Financial appeared first on e27.