On September 28, the Thai media platform Tagzthai announced that it has raised $10 million in the Series A financing where it obtains investment led by East Ventures and DeNA, and followed by two other Asian companies.

Tagzthai's parent company, which was founded in 2000 and whose R&D center and management headquarters are located in Guangzhou, is a service organization focusing on media marketing.

On Tagzthai, users can make money by using their own Tiktok, Facebook, and other accounts for video likes. At the same time, this kind of behavior has also increased the influence of the author whose video gets liked, which is a new kind of advertising model.

In the past, users could only passively accept ads; but now, users are willing to actively get ads and generate income for themselves.

The founder of Tagzthai is a person of vision and planning. In 2021, he said, he hopes to successfully list the company on NASDAQ in the United States. By then, each Tagzthai member will receive a certain amount of stock for free, which is what makes Tagzthai members increasingly rich.

For now, Tagzthai's market focus is mainly on Thailand with strong localized strength. The funds raised from this financing will be used for commercial expansion into neighboring countries including Indonesia and Malaysia, as well as for Tagzthai's development and UE (user experience) improvement.

Although the platform was established only six months ago, Tagzthai had owned 100,000 active users and a daily transaction of $100,000 by August this year.

According to its founder, so far Tagzthai has no local competitors in the market of ‘thumb up for advertisement to generate income’, so the emergence of Tagzthai has just met the needs of local users.

He also revealed that Tagzthai is now developing the English version of its website and tries its best to expand its global presence.

However, Tagzthai, which has only raised its first round of funding, still has a long way to go from being listed.