Participation from well-known venture capital firms, M Venture Partners and Hustle Fund, has raised $1.6 million in seed funding for a Singapore fintech startup, Few¢ents.
Co-founded by Abhisek Dadoo and Dushyant Khare, the team in Few¢ents is on a journey to help small creators and publishers through Asia and Europe gain more traffic and conversion with their alternative monetization solutions. By introducing their micropayment module, Few¢ents helps creators worldwide heed concentration on content quality rather than worrying about revenue and traffic.
Subscription modules and ad reliance have always been an enormous burden for small publishers, but Few¢ents’ norm-breaking micropayment infrastructure breaks the vicious chain by shifting revenue course from paid sources to non-subscribers.
By allowing infrequent visitors and non-subscribers access to premium content, publishers can set higher return expectations without paying for any subscription plan on the platform provided by Few¢ents. Thus, establishing a win-win situation for both readers and publishers.
Readers come in for an article on a global and local scale. Few¢ents has layered their system with international micropayments in more than 50 currencies to earn incremental revenue for creators and bridge the relationship with their cross-border visitors at the same time.
Few¢ents will contribute a huge sum of investment from the venture capital to maintaining their partnership with content management systems and publisher portals that allow content in article, video, and podcast format. A portion of the fund will be allocated to developing AI systems and running analytics to ease the process for both readers and publishers.
At present, the startup works with platforms such as Dailymotion, DailySocial, Jnomics Media, Dainik Jagran, Quintype, and more.