Singapore Fintech Startup Doxa Secures S$3m in Pre-Series A Round to Transform Procurement in Built Environment

By Cory Maki Cory Maki has been verified by Muck Rack's editorial team
Published on April 22, 2022

Singapore, 18th April 2022 Doxa Holdings International Pte. Ltd. (“Doxa”), a Singapore-based fintech startup has successfully concluded its S$3m (US$2.21m) Pre-Series A funding round, from financial institutions including VCs, public listed and logistics corporations. It offers a modern procurement-to-payment platform with integrated payments and financing for the Built Environment.

Doxa, founded in 2019 by Singaporean co-founders Edmund Ng and Leon Yeo, serves multiple large clients with their seamless enterprise-grade procure-to-pay platform which leverages the blockchain for Construction and Real Estate Developers. Major developer and construction firms are among their clients.

Doxa plans to use the incoming funds to accelerate its traction in the built environment by investing in Sales and Marketing, strengthening its product offerings, and expanding into the region. The team has already doubled in size in the past year and clinched the Rising Star Award by the Building and Construction Authority, and the Emerging Enterprise Award by OCBC-Business Times.

Commonly thought of as a traditional industry, the Built Environment sector has been undergoing rapid transformation while implementing many high-tech solutions during and after the pandemic. Back-office automation, like vendor relationship management and data analytics, has always remained under the radar, but Doxa is pioneering the way to make it relevant and delightful for management and end-users alike.

Doxa has started revolutionizing the construction and real estate developer workflows by facilitating end-to-end digitalization of procurement, payment, and financing through a single platform — Doxa Connex. All external parties and stakeholders will be able to collaborate efficiently on the same page on the same system in the cloud, bringing real-time notifications and approvals.

“The construction industry is identified as one of the least digitalized industries. Today at Doxa, we are grateful to have this opportunity to contribute to the transformation journey of this sector,” says Edmund Ng, co-founder, and CEO of Doxa.

Doxa Holdings International (“Doxa”) is a fintech start-up helping connect buyers, suppliers, and financiers seamlessly through our best-in-class enterprise platform, Doxa Connex. Officially incorporated in Jan 2019, it has grown more than twice in size since 2021 and serves customers across the world, with a regional focus in Southeast Asia.

Doxa has deep and significant partnerships with financial institutions and is also recognized as a Networked Trade Platform (NTP) Value Added Service while being fully integrated with the InvoiceNow and PEPPOL invoicing network.

Doxa closed its S$3m Pre-Series A round from financial institutions including VCs, public listed, and logistics corporations, and obtained internationally recognized ISO27001 and ISO20000 certifications in 2022.

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By Cory Maki Cory Maki has been verified by Muck Rack's editorial team

Cory Maki is a Staff Editor and the Business Development Manager at Grit Daily. Email [email protected](dot)com for PR pitches, advertising, and sponsored post inquiries.

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