YOYO Holdings, with more than 250,000 registered mobile users in Southeast Asia, raises around 1.3M USD by allocation of new shares to GREE Ventures, CyberAgent Ventures, and Incubate Fund (PDF : 115 KB)
YOYO Holdings, Pte. Ltd. (Headquarters: Singapore; CEO: Yosuke Fukada; ”YOYO”), which operates reward platforms in S.E. Asia., announced that it secured around 1.3 Million USD in its latest round of funding, through third-party allocation of new shares to GREE Ventures, Inc. (Headquarters: Minato-ku, Tokyo; CEO: Yusuke Amano), CyberAgent Ventures, Inc. (Headquarters: Shinjuku-ku, Tokyo; Representative Director: Soichi Tajima), and Incubate Fund (Headquarters: Minato-ku, Tokyo; General Partner: Masahiko Honma).
YOYO operates a reward platform, called “Candy” (http://can-dy.ph) targeting prepaid phones, which comprise more than 90% of the mobile market in Southeast Asia. Currently, “Candy” is available in three countries, the Philippines, Indonesia and Thailand, and the total number of registered users has surpassed the 250,000 mark. As user registration increases at an accelerating pace, Candy’s presence as a new business model within developing economies continues to grow.
YOYO plans to utilize the funds raised to further drive its current business growth, strengthen its management foundation, develop new revenue streams, boost marketing efforts, expand staff size, and improve in-house infrastructure.
YOYO Career Site: http://yoyo-holdings.com/new-career-en/
About YOYO Holdings Pte. Ltd.
Incorporation： October, 2012
Address ： 10 Anson Road, #14-06 International Plaza, Singapore
CEO ： Yosuke Fukada
URL ： http://yoyo-holdings.com/
Business Line ： Management and operation of reward-based platform “Candy”
Email ： email@example.com
In-charge ： Kiyotaka Sakakibara