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.

Global revenue from e-sports is expected to grow to USD 1.1 billion in 2020, up 15.7% from USD 950.6 million in 2019.

The investment will help expand the platform’s retail merchant network and accelerate the adoption of digital payment in the country.

Jari provides a cloud solution that supports debt collectors to recover loans with its app Jarco.