B2B Wholesale Platform Dropee Secures US$7 Million in Series A Round

The Malaysia-based startup aims to further strengthen their position in both Indonesia and Malaysia

Teckwai Saw

21 Jan, 2022

B2B Wholesale Platform Dropee Secures US$7 Million in Series A Round | BEAMSTART News

- From our Sponsors -

With a Series A round led by Vynn Capital, Malaysia-based B2B wholesale platform, Dropee announced that it has raised a total of US$7 million.

The funding comprise a combination of US$3 million in equity and US$4 million in debt from new and existing investors.

Other Investors For This Round

  • HCL Capital
  • Resolution Ventures
  • LKF Capital
  • Brama One Ventures

History of Dropee

The startup was created to make Southeast Asia's wholesale trading space more efficient.

Both the co-founders, Lennise Ng and Aizat Rahim, came from "family businesses that are involved in B2B trading" on fast-moving consumer goods products for over two generations.

Latest Jobs

AI Engineer



Full Time

SGD 4000 — SGD 6500 monthly

Launched in 2016, Dropee initially focuses primarily on food and beverages and fast-moving consumer goods.

As of now, The Y Combinator backed startup is providing loan and financing services on top of helping businesses adopt digital solutions.

The startup has operations across Malaysia, Singapore and Indonesia and is used by more than 80,000 SMEs, to purchase wholesale goods through its platform.

Community Q&A

Aims to Assist Micro and Small Businesses

With the fresh funding, Dropee plans to accelerate new financing product offerings for wholesalers and retailers over the next 12 months.

“With this Series A round, we’re doubling down on helping micro and small local businesses to adopt digital solutions so they’re able to bring down their operating costs, have more access to financing support, and increase their business longevity,” Lennise Ng, CEO of Dropee, said in a press statement.

Significant track record with credit financing portfolios has been built over the past year by Dropee and partnerships with regional banks and non-banking financial institutions are in the works to scale new product launches.

- From our Sponsors -

Latest Jobs

Account Manager (Hybrid)


New York, NY, United States

Full Time

Salary Undisclosed

Customer Service Representative

Gamer's Hideout Sdn. Bhd.

Dataran Prima, Petaling Jaya, Malaysia

Full Time

MYR 3000 — MYR 4000 monthly



SIngapore, Singapore

Contract / Freelance

SGD 9 — SGD 11 monthly

English Technical/Legal Writer

Pacston Technology Group

Kuala Lumpur, Malaysia

Full Time

USD 20000 — USD 60000 monthly

[URGENTLY NEEDED] Portuguese to English Proofreader

Elite Asia


Contract / Freelance

Salary Undisclosed

Junior Accounts Cum Admin Assistant


Kallang, Singapore

Full Time

SGD 1600 — SGD 1800 monthly

Head of Developers


Manila, Philippines

Full Time

USD 2000 monthly

Financial Officer

PIVOT Fintech Pte Ltd

60, #11-25 Paya Lebar Rd, Paya, Singapore

Full Time

USD 5000 — USD 8000 monthly

Teckwai Saw

Editor in Chief

Based in Kuala Lumpur / Malaysia


Education Not Specified


Also Mentioned

Vynn Capital

Vynn Capital is a venture capital firm that works with companies in the industries of Travel, Property, Food & FMCG, Female Economics, Business Enablers.

Related Topics

Startups Venture Capital

More Related Stories

Community Discussions

BEAMSTART is a hub for everything Startups, Entrepreneurship, and Innovation. Connect with a global community of people, and stay updated with the latest startup jobs, news, and discussions.

© 2016 - 2022 BEAMSTART. All Rights Reserved (Legal).