Startup raises S$24.2m to help more Singapore companies use the cloud
Summary
BT understands that Sansan will then strengthen its business card management service with an emphasis on "mobile", as more companies use smartphones to build their sales strategies; and expand its user base beyond SMEs (small and medium enterprises) to include large businesses. Chika Terada, chief executive of Sansan, said: "Singapore is the highest-ranked country (globally) for smartphone penetration, and the growing proliferation of software-as-a-service (SaaS) solutions and cloud- based technology adopted by businesses here makes it a hard-to-ignore opportunity." Mr Terada added: "Our goal is to make teams work better and generate more sales by simply digitising and scanning their business cards." With the added capital, total funding for Sansan, which founded in Japan in 2007 and based in Singapore since October 2015, now stands at over S$53 million. Today, Sansan serves over 4,000 corporate clients globally, including the Japanese government, Brother Industries, Intel, SAP and Seven & i Holdings; and in Singapore, creative agency Frontage Asia, marketer software company MediaMath and ICT solutions provider Dataspeech.