Janio, a cross-border platform providing integrated, end-to-end ecommerce logistics services, announced raising $8 million in fresh funding from revenue-based investment and fintech firm Choco Up.
The investment is part of a wider closed round bridge investment, which also saw the participation of Singapore-based Innoven Capital and Janio’s existing shareholders, according to the announcement.
Founded in 2018, Janio integrates logistics chain by creating partnerships with a wide network of service providers to connect clients with logistics partners through its proprietary data-driven platform.
The solutions, Janio said, allows clients across Asia greater control over the supply chain and helps streamline logistic-related paperwork using technology.
According to the announcement, Choco-Up’s investment will allow Janio to boost its growth to meet rising industry demands.
The investment will also enable Janio to increase its working capital, allowing the company to carry out expansion plans and take on new emerging markets and clients without grappling with cash-flow issues.
“Our goal is to create a superior end-to-end delivery experience for our customers by working closely with our partners across the region,” said Junkai Ng, CEO and Co-founder of Janio.
Choco Up co-founder and CEO Percy Hung said ecommerce is at an all-time high, making it a very good time for Janio to carry out expansion plans to secure its presence in the region as the leading provider of logistics infrastructure.
“They already have strong investors behind them and we expect a very exciting and flourishing future for Janio in Asia and beyond,” Hung added.
Founded in 2018, Choco Up is one of the largest revenue-based investment firms in the Asia Pacific, offering flexible non-dilutive funding solutions across 8 countries and 10 sectors.
With offices in Hong Kong and Singapore, Choco Up is an advanced data-driven fintech platform that leverages data analytics and vast integration to automate growth fund deployment and risk management.