Event Pop Holdings, a Bangkok-based company that helps people manage their event through ticketing and payments has raised an undisclosed Series A round from a couple of corporate VC arms in Thailand.
The lead investor was Invent, the VC arm of the Thai telecom company Intouch Holdings. Beacon Venture
Capital was the other participant and it is the VC arm of Kasikornbank (known as KBank).
The investors were attracted to Event Pop’s cashless payment system, called Spark, which allows event organisers to launch an ‘in house economy’ whereby financial services (like buying tickets) can be completed within Event Pop.
“We are excited about Event Pop’s recent in-event cashless payment solutions and other potential new businesses which will build up to their solid foundation in event management platform. Consumer lifestyle and e-payment has been one of Intouch Group’s focus areas,” said Kim Siritaweechai the Executive Vice President of Portfolio
Management of Intouch in a statement.
The money will be used to further develop Event Pop’s services and explore international expansion. The startup wants to roll-out new services in three different categories. They are Festivals/Entertainment, Business and Sports.
According to the Co-founder and CEO, Pattaraporn (Max) Bodhisuwan, the startup has been used in over 3,000 events that range from festivals and concerts to seminars and sports.
“Thailand has been recognized as attractive event organizing destination in Southeast Asia. The target of event attendees has tremendously increased in the past few years. We strongly believe that we can elevate the experience as well as add values to Thailand’s tourism sector,” he said.
Event Pop was founded in 2015 and its core product is a ticketing service.
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