Nine most representative fintech startups in Cambodia
Although Cambodia’s entrepreneurs and entrepreneurs face various difficulties and challenges, as the country’s digital literacy continues to improve, the average age of Cambodians is getting younger, the business needs of mature private companies and the government’s policy support, the country The team of technology startups is still growing. Cambodia's good technology entrepreneurship environment can promote the development of technology start-up companies and even embark on the global stage.
This was particularly evident at the Echelon Asia Summit held in June 2018. Through the recommendation of the Cambodian Ministry of Posts and Telecommunications, the National Institute of Posts and Telecommunications Technology and Smart Axiata, nine start-up companies from the country were exhibited in the Cambodia Pavilion at the EchelonAsia Summit.
The following is a brief introduction of 9 startups
BongPheak
BongPheak is an employment service that allows employers and job seekers to connect with each other. The platform is specifically designed for companies in the construction, manufacturing, hotel and security fields, covering low-skilled and unskilled workers.
The difference between BongPheak and other employment service platforms is that BongPheak not only understands the limitations of their applicant groups, but also takes these limitations into consideration in the design process. Although they are an online platform, they know that their target candidates rarely have access to the Internet, so they can communicate through a combination of the Internet, Facebook, and automated phones.
BongPheak was established in October 2017. It has more than 200,000 fans on Facebook, and it maintains 2,000 job opportunities. Approximately 20,000 potential job seekers visit their website every month.
DirexPlay
DirexPlay is a game design company founded by graduate students from a local university in Siem Reap. This start-up company was founded in 2013 with the idea of developing games that can bring Cambodian reality and culture into the game world. For example, their game will set famous Cambodian landmarks or enemies inspired by Cambodian mythology.
One of their most famous works is "Sok and Sao's Adventure", where players save the world from dengue fever by eliminating Aedes mosquitoes. Since its release, the game has been downloaded more than 100,000 times worldwide.
Joonaak Delievery
Joonaak Delivery is a Cambodian local delivery and e-commerce business solution provider, aiming to solve the last mile delivery of enterprises.
For online stores, Joonaak provides half-day delivery, cash on delivery, real-time dynamic monitoring of goods, and customer consulting services. In addition, the express delivery services they provide can range from important documents to business gifts. At the same time, the company also has its own warehouse and provides product packaging solutions.
Khmer24
Khmer 24 is a mobile application that integrates online classified ads display and online shopping. Its products range from gadgets to clothing, cars, and even houses and land. The platform also provides interior design, car maintenance, and other services within the scope permitted by law. In addition to haberdashery, it even provides recruitment information. Khmer24 aims to become a one-stop convenience store in Cambodia.
Its mobile application also allows buyers and sellers to directly contact, and directly publish and share product information on social media. The company was founded in 2009 and is headquartered in Phnom Penh.
Last2Ticket
Last2Ticket is an online digital ticketing solutions company founded in Portugal in 2011, and later expanded to Cambodia, becoming its gateway to Southeast Asia. The company aims to solve the traditional ticketing problem. Its proprietary technology can provide end-to-end management services for event organizers.
Last2Ticket's system encourages Cambodian event organizers to accept digital ticketing and helps locals slowly transition to electronic payments.
Morakot Technology
Morakot Technology is a software company specializing in financial software development, specifically designed for Cambodian microfinance institutions (MFIs).
The founders of Morakot used to come from microfinance institutions. They knew the functions required by microfinance institutions and designed their products to solve problems such as loan tracking and accounting processes. They are also integrated with the credit bureau's database to speed up loan approval and processing. Morakot was founded in 2015 and is one of 12 startups organized by Singapore Startupbootcamp in 2017.
Nham24
Nham24 is an online food ordering and delivery platform operating in Phnom Penh. Nham24 was originally established because its founder wanted to be able to enjoy coffee without going to the crowded streets of Phnom Penh. At present, Nham24 has cooperated with more than 400 restaurants, most of which are in Phnom Penh. Users only need to browse the takeaway food and beverages of nearby restaurants through the webpage or mobile application, and can choose to pay in cash or electronically during the takeout.
Nham24 was launched in 2016 and plans to expand to all provinces. Recently, Nham24 also launched a department store delivery service.
Osja Studio
Founded in 2011, Osja Studio is a mobile online game development studio founded by a group of players. Osja Studio is committed to developing mobile games with Cambodian culture, location, characters and artistic style. They currently have 7 games that can be used on iOS and Android at the same time-considering that the founders didn't have any experience when they first started developing mobile games, this is an amazing achievement.
In addition to mobile game development, Osja Studio also provides outsourcing services for companies that design 3D game art style, game development and interactive application development.
In addition, Cambodia has also launched a youth technology center to train local talents.