Tuesday, October 30, 2018

Rising Sun Ventures Affiliate - Announces a $3M Investment into Cashback Website Dealcha in a Successful Series A Round

          Pleasanton, CA and Bangkok, Thailand: Rising Sun Ventures affiliate - announced a $3M investment in Dealcha; Thailand's first cashback and loyalty platform for online shopping experience. Dealcha's 2018 deal search aggregator also helps customers to find the best products at the best deals, both in terms of price and cashback opportunity. www.dealcha.com is a private company founded in 2015.



          "We have found an incredible partner in Rising Sun Ventures. With their contributions, we will be able to even further expand revenue growth and improve our customer experience. Rising Sun Ventures provides an international network of partners in the payment space; and their expertise in payment technologies, mobile payment infrastructure, and data analytics will benefit our merchant partners and customer data analytics and targeting platform," was the statement provided by Dealcha co-founders Jack Chaiyupatumpa, Danny Chang, and Sebastien Le Bihan.

          Dealcha offers online retail customers not only cashback, but also contents, blogs, price comparisons and B2B solutions. Dealcha provides its 100+ merchant partners a 2 times conversion rate compared to other platforms, increased target exposure, and specialized data analytics.

          "The addition of Dealcha.com to our broad and growing portfolio of payments and analytics companies continues to strengthen our presence in the Asia-Pacific market. In fact, Dealcha joins a truly international, multi-continental network with a focus on data aggregation and data analytics solutions." said Jerome Cle, Founder and Executive Chairman of Rising Sun Ventures.

          "We look forward to knowledge-sharing across the portfolio, and contributing to Dealcha's ability to reach its incredible potential in the marketplace," added Doug Merryman, Vice Chairman of Rising Sun Ventures.

          About Dealcha.com

          www.dealcha.com is Thailand's first cashback website, offering their users an opportunity to earn free cash through their online shopping activity Customers register for free on the Dealcha website, choose any of the partner online stores, and are credited with a percentage of the purchase price of any items bought online. The cashback credit can be redeemed for actual cash, completely free of charge to the customer. Dealcha received its seed funding from 500 TukTuks, Solera Investment, NextTech and angel investor Robert Lomnitz, from Bangkok Venture Club, and Nguyen Hao Binh, of NextTech.

          About Rising Sun Ventures:

          RSV is a private investment firm. RSV has a portfolio of companies with a focus on algorithmic data aggregation and analysis. It operates globally and is headquartered in Pleasanton, CA. This investment is one of a series of transactions for Rising Sun Ventures.



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