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YC alum Dropee, a Malaysia B2B wholesale platform, lands $7M Series A



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Another startup focused on SMEs in Southeast Asia has announced a funding round. Dropee, a Malaysia-based B2B wholesale platform that also offers financial services, like working capital loans, to SMEs, said today it has closed a Series A round totaling $7 million. The Y Combinator alum raised $3 million in equity and $4 million in debt, led by returning investor Vynn Capital. Other participants included HCL Capital, Resolution Venture and LKF Capital, along with returning investors Brama One Ventures.
Operational in Malaysia, Singapore and Indonesia, Dropee plans to introduce new financing products for wholesalers and retailers over the next 12 months by working with strategic partners, including regional banks and non-banking financial institutions. It has now raised a …

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