Organized by its founding investor, Alps Ventures, the round was led by Beenos Asi, the investment subsidiary of Japanese e-commerce giant formerly known as netprice.com.
The Waze Connected Citizens program, launched in 2013, connects more than 20 municipalities, law enforcement and departments of transportation with their citizens via a no-cost two-way public data share.
Their website has also been made mobile-friendly and that of the 700,000 plus monthly page views that their site receives, almost half comes from mobile sources such as smartphones and tablets.
By the end of 2015, the number of smartphones in the country will already reach 40 million and on top of that, over 900 2GO outlets will turn into a drop-off pawnshop from day one, the firm said.
Arko was chosen as one of 40 winners from over 500 mobile applications representing 30 countries honored at the WSA Mobile Congress. It was one of five winning apps competing for Global Champion in the m-Inclusion and Empowerment category.