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Thu, 17 December 2020
Tech start-ups BanhJi FinTech Co Ltd and Driver Design Studio Ltd (DRVR) on December 16 bagged an investment fund from the Smart Axiata Digital Innovation Fund (SADIF) to further expand their businesses and meet the needs of their customers, SADIF said in a press release.
Local firm BanhJi is a financial platform for micro, small and medium-sized enterprises (MSMEs) while the Thai-based DRVR is a fleet analytics software provider for logistics and passenger vehicles.
SADIF is a $5 million venture capital fund that focuses exclusively on digital firms. Managed by Mekong Strategic Partners Co Ltd (MSP) and backed by investments from Malaysian-owned Smart Axiata Co Ltd, a leading telecommunications service provider in the Kingdom, as well as Forte Insurance (Cambodia) Plc, the priority for SADIF is Cambodia-focused technology companies.