Silverlake Axis Ltd. Enters Cambodian Market After Signing Strategic Partnership With Chip Mong Group
Singaporean-listed Silverlake Axis Ltd. a fintech and digital banking solutions provider has formed a strategic partnership with Chip Mong Group, one of the leading Cambodian conglomerates with assets across various sectors in the Kingdom.
This marks Silverlake Axis’ (SAL) entry into the Cambodian market, as the company expands its presence across Southeast Asia beyond traditional banking technology. SAL was founded in 1989 and is an enterprise technology, software and services company focused on financial services and serves 40 per cent of the top 20 largest banks in Southeast East Asia with more than 380 enterprise customers in over 80 countries across Asia, Europe, the Middle East, Africa and the Americas.
Chip Mong is a Cambodian conglomerate involved in various sectors including land and property development, hospitality, retail, banking, beverages production, construction materials, and consumer products.
Silverlake Axis Ltd. & Chip Mong Group Strategic Partnership
Under the strategic partnership agreement, Silverlake Axis will deploy its QR AgoraCloud digital solution across 9 general merchandise stores and 2 express stores which fall under Chip Mong Retail, with the aim of streamlining operations, enhancing efficiency through automation, and elevating the digital ecosystem in Cambodia.
Andrew Tan, Group Chief Executive Officer of Silverlake Axis, said, “Our goal to become the leading fintech solutions provider in Southeast Asia remains unchanged, and our entry into Cambodia marks our next significant milestone. We see vast potential for digitalisation in this market. Collaborating with a key player such as Chip Mong Group is the logical next step, and we look forward to delivering solutions that meet the evolving needs of consumers and businesses,”
Henry Leang, Cluster President of Chip Mong Group, explained, “Silverlake Axis’ innovative approach and track record of success makes them the ideal partner for us as we enhance our digital capabilities. This collaboration underscores our commitment to delivering superior service and operational excellence.”
Silverlake Axis’ has recently announced partnerships with enterprises in Vietnam, Malaysia, and Indonesia as it rolls out access to financial services and drives digital transformation regionally.