Cinch raises US$28.8 mil to expand device-as-a-service platform across Asia

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Cinch raises US$28.8 mil to expand device-as-a-service platform across Asia - Digital News Asia

Quick Summary:

Funds will be used to develop an OS for scalable device subscriptions

Claims it has reduced e-waste, boosted affordability for consumers & businesses Cinch, Asia’s largest device-as-a-service (DaaS) platform, has announced a funding round of up to USD$28.8 million (RM129 million) to scale its subscription-based tech ecosystem.

These value propositions are particularly relevant in Southeast Asia, where a youthful population and a rising middle class aspire to own the latest devices, while businesses are rapidly digitalising through mobile technology,” said Kuo-Yi Lim, co-founder and managing partner at Monk’s Hill Ventures.