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Startups

South Korea's Smilegate leads funding round for Vietnam's Sapo

Multichannel sales startup looks to grow Southeast Asian operations

Sapo is involved in a number of payment services, including those for restaurants.   © Reuters

HANOI -- Vietnam-based sales and management platform Sapo Technology has closed a Series A funding round led by South Korean investor Smilegate Investment, according to a Sapo executive.

Vietnam's homegrown venture capital Teko Ventures, which already has a stake in the startup, also participated in the latest round, said Sapo CEO Tran Trong Tuyen. He did not reveal the dollar amount but said it was seven figures.

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