BEENEXT 1

BEENEXT Capital Management is a venture capital firm established in 2015 and based in Singapore. It focuses on early-stage investments in technology startups, particularly in the information technology, SaaS, and fintech sectors. The firm primarily targets seed and Series A funding rounds and aims to support founders by leveraging its operational experience, extensive network, and unique insights. BEENEXT seeks to create a global platform for founders, emphasizing collaboration among entrepreneurs, particularly in South East Asia, India, and Japan. Since its inception, the firm has invested in over 180 companies worldwide, reflecting its commitment to fostering innovation and growth in the digital landscape.

Hero Choudary

Managing Partner

Hero Choudhary

Partner

Anirudh Garg

Partner

Nao Ito

Operating Partner

Yusuke Kono

Investor

Hironori Maeda

Managing Partner

Hiro Maeda

Managing Partner

Danella Rachel Muljono

Associate

Ricky Nguyen

Director, Operations and Finance

Chinh Nguyen

Investor

Yukano Nishijima

Investment Manager

Dirk van Quaquebeke

Managing Partner

Faiz Rahman

Partner

Teruhide Sato

Founder and CEO

Chinmaya Saxena

Partner, Community Strategy

Esther Yi

Investor

Past deals in Payments

PayGlocal

Series B in 2022
PayGlocal is a financial technology company founded in 2021 by Yogesh Lokhande in Bangalore, Karnataka. The company specializes in providing a comprehensive payment processing platform that focuses on minimizing risk and ensuring secure transactions. Utilizing an AI-ML-based risk engine, PayGlocal offers multiple layers of transaction monitoring, which enhances the reliability of both recurring payments and standing instructions for global transactions. By combining effective risk management with an integrated global payment acceptance system, PayGlocal aims to deliver a cost-effective and seamless experience for businesses, prioritizing enterprise-grade security to facilitate hassle-free financial operations.

PayGlocal

Series A in 2021
PayGlocal is a financial technology company founded in 2021 by Yogesh Lokhande in Bangalore, Karnataka. The company specializes in providing a comprehensive payment processing platform that focuses on minimizing risk and ensuring secure transactions. Utilizing an AI-ML-based risk engine, PayGlocal offers multiple layers of transaction monitoring, which enhances the reliability of both recurring payments and standing instructions for global transactions. By combining effective risk management with an integrated global payment acceptance system, PayGlocal aims to deliver a cost-effective and seamless experience for businesses, prioritizing enterprise-grade security to facilitate hassle-free financial operations.

M2P Fintech

Series C in 2021
M2P Fintech is a fintech company focused on creating financial infrastructure to support digital payment processing and banking services. It provides a comprehensive platform that includes a unified API for easy integration, enabling businesses to accept various payment methods, such as cards and digital wallets. Additionally, M2P Fintech ensures compliance with regulatory standards, allowing financial institutions to enhance their payment capabilities and streamline operations. By offering solutions across payments, lending, and banking, the company aims to improve customer experiences and adapt to the evolving demands of the digital economy.

Transfez

Seed Round in 2021
Transfez is an Indonesian cross-border money transfer service that facilitates money transfers to over 50 countries in 26 currencies. The company offers a fully digital platform designed to make international money transfers as seamless as domestic transactions. By utilizing this platform, users can send and receive money quickly, often within minutes, while benefiting from relatively low fees. Transfez aims to simplify the remittance process, enabling users to create transactions in various currencies with real-time settlement, thereby enhancing the overall experience of cross-region money transfers.

YAP

Series B in 2021
M2P Solutions Pvt. Ltd, founded in 2014 and headquartered in Alandur, India, specializes in providing a payments as a service platform. The company offers a range of management services, including card issuing processing and API-based technology integrations for businesses and their back-office functions. M2P's API platform, known as YAP, serves as a crucial resource for over 200 fintech companies across Asia, enabling them to develop and power their own branded banking and payment products. This platform is utilized by leading firms in various sectors, including ride-hailing, food delivery, and mobile wallets, highlighting M2P's significant role in the fintech ecosystem.

BharatPe

Series D in 2021
BharatPe is a financial technology company that provides a merchant payment application aimed at facilitating digital payment services. The application allows merchants to accept payments from various apps and cards without incurring fees, thereby promoting seamless business transactions. It features interoperable unified payments interface (UPI) quick response codes, enabling businesses to receive payments efficiently and cost-effectively. In addition to payment processing, BharatPe also offers loan services to help merchants access funds whenever needed, further supporting their financial operations. This integrated approach aims to enhance the overall experience for merchants in managing their transactions and financial needs.

PhiCommerce

Series A in 2021
PhiCommerce is a developer of an omnichannel payment processing platform that focuses on facilitating digital payments. The company's platform includes a digital enablement suite that helps businesses streamline their payment processes. By offering comprehensive business plans and result-oriented strategies, PhiCommerce enables clients to achieve frictionless payments and simplified transactions. This approach not only enhances the customer experience but also supports businesses in efficiently managing their payment operations across multiple channels.

iPaymy

Series A in 2020
iPaymy Technologies Pte Ltd. operates an online platform that transforms expenses into rewards, primarily serving tenants, agents, landlords, and small to medium enterprises (SMEs). Founded in 2015 and based in Singapore, the platform facilitates secure rental payments and deposits, tracks lease obligations, and coordinates property maintenance. Additionally, it allows users to pay for various real estate services. With iPaymy for Business, SMEs can use their existing credit cards to manage a wide range of payments, including rent, salaries, invoices, and corporate taxes. The platform streamlines payment processes by enabling users to schedule recurring payments, manage invoices, set reminders, and monitor payment statuses from a single dashboard. This approach helps SMEs maintain cash flow while efficiently meeting their financial obligations and supporting business growth.

M2P Fintech

Series A in 2020
M2P Fintech is a fintech company focused on creating financial infrastructure to support digital payment processing and banking services. It provides a comprehensive platform that includes a unified API for easy integration, enabling businesses to accept various payment methods, such as cards and digital wallets. Additionally, M2P Fintech ensures compliance with regulatory standards, allowing financial institutions to enhance their payment capabilities and streamline operations. By offering solutions across payments, lending, and banking, the company aims to improve customer experiences and adapt to the evolving demands of the digital economy.

BharatPe

Series B in 2019
BharatPe is a financial technology company that provides a merchant payment application aimed at facilitating digital payment services. The application allows merchants to accept payments from various apps and cards without incurring fees, thereby promoting seamless business transactions. It features interoperable unified payments interface (UPI) quick response codes, enabling businesses to receive payments efficiently and cost-effectively. In addition to payment processing, BharatPe also offers loan services to help merchants access funds whenever needed, further supporting their financial operations. This integrated approach aims to enhance the overall experience for merchants in managing their transactions and financial needs.

BharatPe

Series A in 2019
BharatPe is a financial technology company that provides a merchant payment application aimed at facilitating digital payment services. The application allows merchants to accept payments from various apps and cards without incurring fees, thereby promoting seamless business transactions. It features interoperable unified payments interface (UPI) quick response codes, enabling businesses to receive payments efficiently and cost-effectively. In addition to payment processing, BharatPe also offers loan services to help merchants access funds whenever needed, further supporting their financial operations. This integrated approach aims to enhance the overall experience for merchants in managing their transactions and financial needs.

BharatPe

Seed Round in 2018
BharatPe is a financial technology company that provides a merchant payment application aimed at facilitating digital payment services. The application allows merchants to accept payments from various apps and cards without incurring fees, thereby promoting seamless business transactions. It features interoperable unified payments interface (UPI) quick response codes, enabling businesses to receive payments efficiently and cost-effectively. In addition to payment processing, BharatPe also offers loan services to help merchants access funds whenever needed, further supporting their financial operations. This integrated approach aims to enhance the overall experience for merchants in managing their transactions and financial needs.

iPaymy

Seed Round in 2017
iPaymy Technologies Pte Ltd. operates an online platform that transforms expenses into rewards, primarily serving tenants, agents, landlords, and small to medium enterprises (SMEs). Founded in 2015 and based in Singapore, the platform facilitates secure rental payments and deposits, tracks lease obligations, and coordinates property maintenance. Additionally, it allows users to pay for various real estate services. With iPaymy for Business, SMEs can use their existing credit cards to manage a wide range of payments, including rent, salaries, invoices, and corporate taxes. The platform streamlines payment processes by enabling users to schedule recurring payments, manage invoices, set reminders, and monitor payment statuses from a single dashboard. This approach helps SMEs maintain cash flow while efficiently meeting their financial obligations and supporting business growth.
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