AfterShip: Raises $66M in Series B Funding

  • AfterShip, a Hong Kong-based tracking platform for e-commerce businesses, raised $66m in Series B financing
  • The round was led by Tiger Global with participation from Hillhouse Capital’s venture arm GL Ventures
  • The company intends to use the funds to increase international hiring, develop new e-commerce products, and continue US market penetration
  • AfterShip provides shipping and tracking solutions for businesses ranging from home entrepreneurs to multinational corporations
  • Profitable since its launch, the company has grown to handle more than 6 billion shipments annually through more than 740 partner carriers without sales or marketing support
  • In addition to its shipment tracking platform, AfterShip features apps that service customers from the beginning through the end of their purchasing journey
Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

You May Also Like

Coastal Bank Partners with Tempo to Strengthen Cross-Border Money Transfers

The partnership aims to enhance international money movement solutions.Highlights: Coastal Bank has partnered with Tempo for improved cross-border...

Lloyds Accelerates Homebuying with Fully Digital Service

New platform aims to reduce waiting times for mortgage approvals.Highlights: Lloyds introduces a fully digital homebuying service.Service aims...

AI in Fintech: Revolutionizing the Financial Industry

AI in fintech is changing how financial services operate. It's more than just a buzzword; it's a powerful...

Revolut $200B Valuation: What It Means for Fintech Investors

The Revolut $200B valuation has captured the attention of fintech investors worldwide. This massive figure highlights Revolut's explosive...