Althea is a premier beauty e-commerce platform operating in the cosmetics industry. The company offers a wide range of beauty products, including skincare, makeup, hair and body care items, and face masks. It primarily serves the e-commerce industry. It was founded in 2015 and is based in Kuala Lumpur, Malaysia.
Expert Collections containing Althea
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Althea is included in 3 Expert Collections, including Direct-To-Consumer Brands (Non-Food).
Direct-To-Consumer Brands (Non-Food)
Startups selling their own branded products directly to consumers through owned e-commerce channels, rather than relying on department stores or big online marketplaces.
Companies that sell goods online (B2C), or enable the selling of goods online via tech solutions (B2B).
Beauty & Personal Care
Startups in the beauty & personal care space, including cosmetics brands, shaving startups, on-demand beauty services, salon management platforms, and more.
Althea has filed 1 patent.
Latest Althea News
Nov 9, 2016
SINGAPORE--(Marketwired - Nov 8, 2016) - Adyen , the payments company powering global commerce, today announced that Althea, Southeast Asia's largest online Korean beauty site, has selected Adyen as its payments solution provider. The partnership with Adyen provides Althea's customers in Southeast Asia a consistent, frictionless payment experience. "At Althea, we recognize that the checkout and payment process is often the most important stage in the customer journey. The journey rarely ends when the 'buy' button is clicked. Instead, a pertinent issue in ecommerce is the abandoned cart epidemic, usually a result of rejection at the payment process. We strongly believe in having a consistent and trusted payment system across all our markets to build customer loyalty and encourage repeat purchases. Adyen, with its unified solution and in-depth understanding of local markets, provides this for us," said Jae Kim, Co-Founder and Chief Financial Officer of Althea. Althea is one of the fastest growing ecommerce companies in Southeast Asia. To thrive on its expedient rise in the region, the beauty site is working with Adyen to enable customers in Indonesia, Malaysia, Philippines, Singapore and Thailand to pay via their desired payment method, from online banking to payments at convenience store and ATMs. "With the region's rising middle class and increasing spending power, ecommerce in Southeast Asia is a growing phenomenon. However, retailers looking to target the region need to note that when it comes to payments, there is no one preferred payment method and consumer preferences are still highly fragmented. Besides offering a variety of payment methods, Adyen's understanding of local markets helps Althea select and offer their customers the payment method they trust and feel comfortable with," said Warren Hayashi, President of Adyen Asia-Pacific. Despite market-specific differences, the most important thing for retailers is building deep engagement with their consumers. Regardless of where the consumer is from, everyone expects a frictionless payment experience. To gain insight on payment preferences, Adyen provides Althea with daily reports on ongoing transactions. With this unified outlook of customer behavior, Althea is able to optimize authorization rates as needed to reduce payment rejection and identify other potential friction points. "K-beauty in SEA is already a multi-billion-dollar market, and the ongoing development of the region, especially in e-commerce, will only fuel the market's growth going forward," said Kim. Company logo http://release.media-outreach.com/i/Download/6052 About Adyen Adyen is a technology company that provides businesses with a single solution to accept payments anywhere in the world. The only provider of a modern end-to-end infrastructure connecting merchants directly to Visa, MasterCard, and 250 other payment methods globally, Adyen delivers frictionless payments across online, mobile, and in-store. Headquartered in Amsterdam and San Francisco, with offices across North America, South America, Europe and Asia Pacific, Adyen serves more than 4,500 businesses, including 7 of the 10 largest U.S. Internet companies, and 3 of the top 5 global apparel brands. Customers include Uber, Netflix, Spotify, Dropbox, Evernote, Booking.com, Yelp, Vodafone, Superdry, Mango, Crocs, O'Neill, SoundCloud, KLM and JustFab. About Althea Founded in 2015, Althea has quickly become the leading Korean beauty e-commerce company in Southeast Asia. With offices in Seoul and Kuala Lumpur, Althea aims to provide the latest beauty products, trends and lifestyle to consumers across the region. The company is backed by a range of investors including 500 Startups, Mirae Asset Ventures, POSCO Ventures, and Tekton Ventures. Contact Information
Althea Frequently Asked Questions (FAQ)
When was Althea founded?
Althea was founded in 2015.
Where is Althea's headquarters?
Althea's headquarters is located at A-20-5, Menara UOA Bangsar, Kuala Lumpur.
What is Althea's latest funding round?
Althea's latest funding round is Unattributed VC.
How much did Althea raise?
Althea raised a total of $10.5M.
Who are the investors of Althea?
Investors of Althea include 500 Global, Tekton Ventures, InnoVen Capital, FirstFloor Capital, Korea Development Bank and 7 more.
Who are Althea's competitors?
Competitors of Althea include Lazada and 2 more.
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