News Update

2C2P Closes Series-A Investment from Digital Media Partners

SINGAPORE (December 29, 2011) – 2C2P Pte. Ltd., a leading provider of e-commerce payment solutions, receives $1 million investment from Digital Media Partners, a Singapore-based venture capital fund.

The funds secured through investment will be used for rolling out 2C2P line of payment products across Southeast Asia and for further securing company’s position as No.1 payments player in the region. As of the moment of investment, the company’s products have been used by 85% of banks in Thailand as well as by country’s largest merchants.

Previously the company successfully secured seed investments from Expara IDM Ventures under the i.JAM Microfunding Scheme, an initiative of the Government of Singapore.

About 2C2P Pte. Ltd.
2C2P (stands for Cash and Card Payment Processor) is a comprehensive payment solutions provider, transforming millions of everyday payments in Asia Pacific. The company offers solutions from traditional payment gateway to alternative cash payment processing, as well as variety of innovative payment solutions tailored for the needs of e-commerce and m-commerce merchants, banks and financial institutions of any size. Web: http://www.2c2p.com

About DMP
Digital Media Partners is a venture capital firm focused on emerging markets that have recently joined the global digital transformation process (Malaysia, Indonesia, Thailand, Philippines and Vietnam). DMP invests into consumer internet and its supporting infrastructure and develops opportunities through its teams on the ground, advisors and trusted co-investors. DMP funds are backed by a group of sophisticated Limited Partners from North Asia, Southeast Asia and Eastern Europe. Web: http://digitalmedia.vc