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TrustedCompany Secures USD 1M to Expand to South Africa, Brazil

Malaysia and Hong Kong-based online store reviews platform TrustedCompany, has received USD 1 million in Series A funding led by Tengelmann Ventures and co-invested by 500 Startups’ Khailee Ng as well as Asia Venture Group. The company aims to utilized the raised funds to expand into South Africa and Brazil.

The platform has seen a 40 percent month-on-month growth in terms of users, and almost 500,000 site profiles have been created since inception, as per a TechinAsia report. Currently, It also has clients such as Printi and HTS Latarias from Brazil, as well as CyberCellar and Click’n Compare from South Africa.

trustedSee Also: Singapore-based Online Grocer RedMart is Coming to India

The company’s notable customers include Lenskart in India, in Malaysia, and Pricearea in Indonesia. TrustedCompany acts as a third-party platform for anyone to submit reviews with an aim to fix the e-commerce markets in SEA, creating a value adding service for all participants, merchants and users.

Launch in June, 2013,as a venture of Co-Founder Philip Knuth, it consists of 11-50 employees in its current team.

More from Tech in Asia: Having the backing of Khailee Ng will be a huge boon to their cause. “Amazon, Trip Advisor, Agoda, eBay, Yelp – some of the most prevalent internet companies of our time were built on providing reviews to online shoppers. does this for the rest of the internet,” Ng said in a statement. “There’s nothing more exciting than seeing a team this capable go after a market opportunity this huge.”

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