Malaysia based POS services startup StoreHub has raised a $5.1m Series A round led by Vertex Ventures.
StoreHub charges around $39 per month for its POS services — which it sells hardware for — and it is currently present in Malaysia, Thailand and the Philippines where it claims to work with some 3,200 retail stores. Now it has plans to expand to other markets in Southeast Asia. Nothing is set in stone, but the company is eying Indonesia, Vietnam, and Cambodia among other destinations. “We decided to enter sea because 50-80 percent of retailers don’t have a system in place,” founder and CEO Wai Hong Fong, who previously founded Australian niche e-commerce store startup OZHut, told TechCrunch in an interview.