Alpas vs Convoy
Side-by-side comparison of AI visibility scores, market position, and capabilities
Singapore procurement automation platform serving SE Asian manufacturing and construction; YC W21 $2.83M BEENEXT-backed at $4.7M revenue with 3-way PO/delivery/invoice matching for SME purchasing workflows.
About
Alpas is a Singapore-based procurement automation platform — backed by Y Combinator (W21) with $2.83 million raised including a $1.5 million seed round from BEENEXT and Y Combinator in December 2021 — providing manufacturing, construction, and services companies across Southeast Asia with cloud-based purchase order management, supplier management, invoice reconciliation, and spend analytics to replace manual email-and-spreadsheet procurement workflows that dominate SME purchasing in the region. Founded in 2020 and generating $4.7 million in revenue in 2024 with a 31-person team, Alpas serves the procurement digitization need for Southeast Asian businesses that operate in fragmented supplier markets without the ERP procurement modules that large enterprises use.
Convoy was the digital freight marketplace that reached $3.8B valuation before shutting down in October 2023; assets were acquired by Flexport as the US trucking industry's digital transformation continues.
About
Convoy was a Seattle-based digital freight network that operated an automated matching platform connecting shippers with trucking carriers, aiming to bring Uber-style efficiency to the highly fragmented US trucking industry. Founded in 2015 by Dan Lewis and Grant Goodale, Convoy raised over $900M from investors including Google, Jeff Bezos, and T. Rowe Price, reaching a peak valuation of $3.8 billion as it grew to handle hundreds of thousands of loads per month across a network of hundreds of thousands of trucks.
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