Fintech startup to expand its Asian operations, mirroring the emergence of virtual banks in the region.
Licence will help the financing platform create a 360 solution to serve the unmet financial needs of SMEs.
Singapore-based fintech plans to expand to Singapore in 2Q19.
Round is led by Vertex Ventures SEA and India.
Grab will work with the social tech venture in accelerating technology inclusion for micro-enterprises in Indonesia.
Led by MDI Venture Capital and Beacon Venture Capital.
Round was led by Temasek’s Vertex Ventures with participation from existing angel investors including Click Ventures.
Takes aim at plugging a US$14.5 billion a year growth financing gap facing local businesses.
The investment brings total funds raised to over US$5 million.
Participating investors include Vertex Ventures, Pavilion Capital and LINE Ventures.