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Marvelstone launches fintech platform in Singapore, raises $12 million seed funding

The funding comes from angel investors, reported Tech in Asia

Michael Tegos / Tech in Asia 

Marvelstone launches fintech platform in Singapore, raises $12 million seed funding

Singapore-based Tech, a part of Asian private investment group Marvelstone, has raised an impressive $12.5 million in seed funding, the company announced today. The comes from angel investors.

Tech is a financial technology (fintech) platform that will provide financial products and solutions to businesses. The platform will launch in March 2016 targeting South Korea-based SMEs.

Marvelstone launches fintech platform in Singapore, raises $12 million seed funding

The company will be based in Singapore, where recently moved its 10K accelerator headquarters. 10K is a project aiming to accelerate 10,000 startups in the next seven years.

Read more from our special coverage on "STARTUP"

Marvelstone Tech plans to list in the Exchange (SGX) in the next two to three years, according to Marvelstone chairman Joe Seunghyun Cho.


This is an excerpt from Tech in Asia. You can read the full article here.

First Published: Fri, February 19 2016. 14:33 IST
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