Papaya Secures Funding to Enhance Southeast Asia’s Dining Industry

Papaya, a Bangkok-based fintech startup, is introducing an innovative ordering and payment platform aimed at transforming the dining industry in Southeast Asia.

• Founders: Papaya was established in 2022 by Kush Sodhia, Haakon Brekke, and Julian Timings, who bring substantial industry and technical expertise from their prior roles at Boston Consulting Group, Zalora, and Polpa.

• Addressing Industry Challenges: The platform aims to help hospitality operators recover from the impacts of COVID-19, improve customer understanding through data analytics, and address a 35% staff shortage in the region.

• Innovative Technology: Papaya's web-based, cloud-based solution allows operators to grow sales by 20% and reduce staff work by 30%, without the need for expensive hardware investments.

• Expansion Plans: With new funding from BEENEXT and A2D Ventures, Papaya plans to expand operations to Singapore, enhance its technology infrastructure, and increase its marketing efforts to attract more merchants.

Papaya's funding and innovative approach position it to significantly impact the dining industry in Southeast Asia.