Singapore. 16 Jan, 2022 – Kaddra Pte Ltd, a Singapore-based tech company providing loyalty, mobile commerce and remarketing solutions for SMEs, was accepted out of 1,000+ applicants into Newchip‘s global accelerator program’s latest cohort.
Kaddra is on a mission to help SMEs grow their full digital potential and be ready for the next generation of mobile, IoT and voice assistants Commerce. The company has already achieved 350% growth within its first year of commercialisation, onboarding businesses of all sizes in over 20 different industries.
Newchip Accelerator provides the mentorship, connections and tools that growth-stage teams need to drive greater scale, expand business operations, and position their company for potential exit or acquisition. Since its inception in 2019, the equity-free, fully digital accelerator has helped over 1,500 founders from more than 50 countries, and 250 cities raise over $450 million (€393.88 million) in funding with an estimated portfolio of over $9B (€7.88B).
“When evaluating companies for our Series A Accelerator, we search for proven business models that are prepared to scale their strong revenues and traction quickly to gain further market share and increase their likelihood of industry disruption,” says Armando Vera Carvajal, vice president at Newchip. “We see real potential in Kaddra and are excited to integrate them into our global network of VCs, angel investors, and family offices seeking to invest in this particular space.”
“Being part of the Newchip Accelerator, we are looking forward to working closely with some of the brightest business experts to grow operations in Asia and globally,” says Quentin Chiarugi, CEO of Kaddra. “The program opens new horizons from funding to business acceleration and will contribute to our fast-paced expansion and growth in the coming months.”