The company has designs to become the largest auto trading platform in Southeast Asia, said the CEO.

Media startup Ampverse believes that e-sports marketing is the next big thing in the region.

The QR pass system is utilized by essential workers to travel between townships in Yangon during the lockdown, but the portal left the personal data of many Burmese citizens unguarded.

Currently, Khmerload has almost 5.8 million followers on Facebook, while its sister site, Myanmarload, has 9 million followers.

Backed by Y Combinator, Global Founders Capital, and Bedrock Capital, the round brings the company’s total funding to USD 15 million.

Riviu benefited from operating in a country with a young population, where 28% of its total 59.2 million internet users are between 25 and 34 years old.

“Mobile financial services will be the game changer,” said Turnell.

The fresh capital will provide MyMy the regulatory capital needed to apply for an e-money license from Bank Negara Malaysia.