TechFlow news — Poko, a Web3 payments startup based in Singapore and Vietnam, has raised $4.5 million in seed funding. Lead investors include Y Combinator, NAZCA, and Global Founders Capital, with participation from Goodwater Capital, Soma Capital, Amasia, CreditEase, Dentsu Ventures, Orange DAO, and MS&AD Ventures.
Poko aims to enable seamless transfer of assets from local payment rails to Web3 infrastructure, serving users of Web3 wallets, marketplaces, decentralized applications, and games through its B2B2C model.
Geoffrey See, CEO and co-founder of Poko, said the Poko platform can reduce the cost of purchasing NFTs and cryptocurrencies by up to 70%, increase transaction success rates by up to five times, and boost paying user conversion rates by 79%. Currently, Poko focuses on two core products: an on-ramp aggregator and direct checkout. The company reports that over 11 million active wallets across Latin America, India, and Southeast Asia are already using its payment channels. In the future, Poko plans to launch virtual card and savings products, enabling users to earn interest on their stablecoin holdings.
