Thursday, 18 September 2025
32 C
Singapore
32.2 C
Thailand
29 C
Indonesia
28.5 C
Philippines

SynchroLife raises US$2.6 million in Series A Round

SynchroLife, a restaurant discovery app managed by Ginkan, secures US$2.6 million in investment in a Series A round led by venture capitalist (VC) firm MTG Ventures. Both Ginkan and MTG Ventures are based in Japan, and the latest financing round puts SynchroLife’s total funding at US$3.7 million. With Ginkan’s business involving creating a new economy […]

SynchroLife, a restaurant discovery app managed by Ginkan, secures US$2.6 million in investment in a Series A round led by venture capitalist (VC) firm MTG Ventures. Both Ginkan and MTG Ventures are based in Japan, and the latest financing round puts SynchroLife’s total funding at US$3.7 million.

With Ginkan’s business involving creating a new economy by utilizing blockchain technology and tokens, SynchroLife mirrors this token economy initiative via its incentive model. In addition to providing money-back offers, the startup also awards reviewers with its own cryptocurrency. Locally, users will also be given loyalty rewards in the form of SynchroPoints which can later be traded for SynchroCoins at a 1:1 rate, and be used as a form of payment at food establishments.

Founded in 2015, the startup intends to use the fresh capital to enhance its platform, grow their brand, and reach out to new users. With SynchroLife restaurant discovery feature using AI to make individualized recommendations adapted to the user’s preferences, establishments that do not usually show-up on web searches can now be discovered.

On the collaboration front, earlier in February SynchroLife has partnered with Giftee (a startup that sends online cards containing e-gift) to enable users to buy their e-gifts using cryptocurrency rewards. Moving forward, SynchroLife looks forward to network and partner with more companies.

CEO and Ginkan Founder Tomochika Kamiya shares that “Going forward, we will continue to contribute to the future betterment of the restaurant industry,” He adds that “Our goals are to create a platform that can coexist and benefit both consumers and restaurants, and to make a dining-based token economy a reality.”

In an effort to help their food establishments partners tide through the impact of the global health crises, SynchroLife introduced free take-out listings for restaurants. Another service that restaurants can also use is to promote dine-in offers post-COVID19 by sending e-invitations to their customers. SynchroLife hopes that with this marketing initiative, it can encourage the restaurant’s customers to head down for a meal in their establishment in an effort to revive the food & beverage industry.

With the initiatives rolled-out to aid their restaurant partners, and having won the Japan Financial Innovation Award 2020 (JFIA 2020) Startup Award, SynchroLife’s success trajectory is certainly promising.

Hot this week

Apple says software updates may cause short-term dips in battery life and performance

Apple explains why software updates may briefly affect battery life and performance, highlighting long-term benefits for security and features.

Asus unveils US$4,000 ProArt P16 with 4K tandem OLED and RTX 5090

Asus launches its ProArt P16 laptop with a 4K tandem OLED, RTX 5090 GPU, and creator-focused features, priced from US$1,999.

Cohesity and Semperis launch solution to strengthen identity resilience

Cohesity and Semperis launch Cohesity Identity Resilience to help enterprises protect and recover Active Directory and Entra ID systems.

CASETiFY unveils new iPhone 17 cases with enhanced protection and style

CASETiFY launches its iPhone 17 collection with upgraded cases and accessories, offering stronger protection, fresh designs, and more customisation.

SEON secures US$80 million Series C to scale global fraud prevention platform

SEON raises US$80 million in Series C funding to expand its AI-driven fraud prevention and AML platform globally.

Half of Singapore workers face financial strain as demand for pay flexibility rises

Half of Singapore’s workforce is financially vulnerable, with rising demand for flexible pay and payroll teams struggling under mounting pressure.

IBS Software and Emirates Skywards launch new loyalty platform partnership

IBS Software and Emirates Skywards launch iLoyal, a next-gen loyalty platform serving 35 million members with enhanced digital experiences.

GitLab survey shows AI software innovation could unlock over S$6 billion in Singapore

GitLab survey finds AI software innovation could generate over S$6 billion annually in Singapore, with skills and governance key to success.

New Relic study shows IT outages cost Southeast Asian firms up to US$165.5 million a year

A New Relic report finds IT outages cost Southeast Asian firms up to US$165.5m yearly, with AI driving demand for observability.

Related Articles

Popular Categories