Fintech startup Wallex raises Series A funding from BAce Capital, SMDV, Skystar

📆 6/10/2020 3:57 PM
📰 BusinessTimes

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WALLEX Technologies, a Singapore-based startup serving the cross-border payment needs of small and medium-sized enterprises (SMEs), has raised an undisclosed amount in Series A funding led by Ant Financial-backed venture firm BAce Capital, as well as Indonesian venture firms SMDV and Skystar Capital. Read more at The Business Times.

WALLEX Technologies, a Singapore-based startup serving the cross-border payment needs of small and medium-sized enterprises , has raised an undisclosed amount in Series A funding led by Ant Financial-backed venture firm BAce Capital, as well as Indonesian venture firms SMDV and Skystar Capital.

Wallex will use the fresh funds to expand into new markets and invest in its core products, said its co-founder and chief operating officer Hiroyuki Kiga. Founded in 2015, the startup has regulatory licences in Singapore, Indonesia and Hong Kong. It has a headcount of about 75 employees.

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