Appboxo has raised $7 million in Series A funding led by RTP Global. The startup’s platform lets developers turn their apps into super apps, either by building their own mini-apps or accessing them through Appboxo Showroom.
The company has two main products. The first is Miniapp, a SaaS platform with SDKs and APIs for building and launching mini-apps. The second is Shopboxo, which lets businesses set up customizable online stores through mobile devices in less than 30 seconds.
AppBoxo’s new funding will be used to further develop Shopboxo, while also expanding its merchant ecosystem and building out its international presence. At first, the startup will focus on the Asia-Pacific region, where super apps are the most dominant, but it also wants to enter Europe and the United States.
CEO Kaniyet Rayev, said, “Financial super apps want to diversify into new verticals, and in the current landscape, e-commerce looks like the most obvious opportunity and the easiest to execute.”
The company is now used by 10 super apps across Southeast Asia, India and South Africa, and powers more than 400 mini-app integrations, the majority of which are built by third-party developers. The company says it has a combined base of more than 500 million users.
