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

The funding comes from angel investors, reported Tech in Asia

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

Marvelstone 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.

The company will be based in Singapore, where Marvelstone 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"

• 5 Indian startups that love being bootstrapped
• Startups hiring goes beyond tech-based roles: Study
• The 4 richest startups in Delhi

 
Marvelstone Tech plans to list in the Singapore 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.