Everpeaks® raising RM1.6 million to spread wings over ASEAN | DagangNews Skip to main content

Everpeaks® raising RM1.6 million to spread wings over ASEAN


KUALA LUMPUR 6 July -  The Malaysian based omni-channel eCommerce solutions provider, Everpeaks® is raising US$375,676 (RM1.6 million) via the equity crowdfunding (ECF) platform, pitchIN that ends tomorrow (7 July 2020).  

Joachim Sebastian
Joachim Sebastian

Everpeaks® Chief Executive Officer and Founder, Joachim Sebastian said, the fund is raised to strengthen the Everpeaks®’s operations as the company is set to spread its wings over the Southeast Asian market.

“Officially an approved Angel Tax Incentive certified company, Everpeaks® is bullish about the prospects of this particular journey. 

“We are already almost breaking even at this point with an average growth rate of 76% year-on-year and any investment will be used for business expansion,” said him in a statement. 

Joachim also stated that 40% of the investment portion is allocated towards building a marketing effort with plans to be present in exhibitions around the world, in their bid to expand by securing clients and establishing their brand across the region.

It is also in their scheduled plans to allocate an additional 30% of funds to develop and refine their technology solution with 20% to be allocated towards building the manpower strength.

Poised to take on the market, Everpeaks® have secured RM1 million in funding from a lead angel investor ahead of the targeted 15 June 2020, being live on the pitchIN platform. This investment will be spread over 2 tranches - June 2020 and February 2021. 

Everpeaks® has strong partnerships with global leaders in the eCommerce industry with them being the only Southeast Asian Amazon Service Partner Network Member, the only Malaysian eBay Channel Partner and the Malaysian Community Partner for Payoneer. - DagangNews.com