Heaptalk, Jakarta — TipTip, a platform for content creators in Southeast Asia, has bagged USD10 million in its pre-seed funding round. The fundraising was led by East Ventures, and followed by EMTEK, Vertex, SMDV, and several leading family offices. By obtaining the fresh capital, TipTip plans to expand its coverage to reach and empower the creators’ economy in Southeast Asia.
The Group CEO and Founder of TipTip, Albert Lucius stated, “We appreciate the support and trust we received in this funding round before TipTip’s public launch. Their confidence can amplify our objectives of the creators’ economic potential. Service offered by Our platform can be a one-stop solution for all content creators in Southeast Asia,”
TipTip is a platform that was established by Albert Lucius, a former of Kudo Founder, which has successfully acquired by Grab in 2017. The Firm employs over 70 professionals who work from their representative offices located in Indonesia and Singapore. As stated by Lucius, the inauguration of the TipTip platform will be performed through its exclusive launch in April this year, while a public launch for Indonesia’s market will be carried out in the upcoming months.
The platform delivers a solution for content creators to monetize their interests through its features that allow them to personalize video sessions, market premium digital content, and directly provide interaction opportunities with their followers. Several gaps in other platform, including content distribution obstacles, limited local payment, and limited KYC integration, also make the presence of TipTip viewed as critical considering to its function that can coupe with these challenges.
“We believe in creator’s economic potential in this region, particularly for significant growth for market potential during the COVID-19 pandemic. It is clear that consumer behaviors were shaped during the pandemic and will continue after the COVID-19 outbreaks. This content platform is well-positioned to seize this phenomenon because this platform is the worldwide product for a post-pandemic, designed during a pandemic.” said Willson Cuaca, Co-Founder and Managing Partner of East Ventures. (SFM)
