StoreHub secures undisclosed investment from ShardLab to explore new payments and rewards offerings
- ID
- 17188
- Status
- summarized
- Published
- 24 Aug 2026, 6:24 PM
- Fetched
- 24 Aug 2026, 6:47 PM
- Provider
- Digital News Asia
- Category
- malaysia-tech
- Original URL
- https://www.digitalnewsasia.com/startups/storehub-secures-undisclosed-investment-shardlab-explore-new-payments-and-rewards-offerings
- Source URL
- https://www.digitalnewsasia.com/rss.xml
Summary
- Score
- 6.5
- Created
- 24 Aug 2026, 6:47 PM
- Tags
- Audience
- saas_foundersdevelopersai_ml_learners
What happened
Kuala Lumpur-based StoreHub disclosed for the first time that it operates across 20,000+ merchant locations in Malaysia, the Philippines, Thailand, and Japan, processing over 200 million transactions annually worth approximately US$3.5 billion. It received an undisclosed strategic investment from ShardLab—a Singapore venture studio backed by South Korean blockchain firm Hashed and Thailand's SCBX—to form a joint venture exploring new consumer payment and rewards products. StoreHub CEO Wai Hong Fong also said the company is rebuilding its product around AI, aiming to let a three-person restaurant operate with the capability of a thirty-person one.
Why it matters
If you build or sell into the Southeast Asian commerce/payments stack, StoreHub just revealed real scale (US$3.5B TPV, 20k+ merchants) that positions it as a distribution channel worth integrating with or competing against on concrete numbers, not reputation. The AI rebuild claim means merchants on StoreHub may soon expect AI-assisted operations as table stakes—founders selling POS-adjacent tools or restaurant tech in the region should factor this into their roadmap timing. The ShardLab/Hashed/SCBX connection signals blockchain-based programmable loyalty and rewards infrastructure may reach real merchants through this JV, which is worth tracking if you work in fintech or loyalty.
Discussion angle
StoreHub says it's rebuilding around AI so a 3-person restaurant runs like a 30-person one—what does that concretely look like (inventory forecasting, automated ordering, customer service agents), and does it threaten or enable the local restaurant-tech builder community?