Fresh funding: local fintech closes $30M Series B led by Temasek
The round will fund expansion into Indonesia and Malaysia as the firm scales its embedded finance stack.
The round will fund expansion into Indonesia and Malaysia as the firm scales its embedded finance stack.
The startup, which powers payments and lending for a network of regional merchants, said the new capital will double its engineering headcount in Singapore while opening hubs in Jakarta and Kuala Lumpur.
What the money is for
- Regional expansion across Indonesia and Malaysia
- Deeper integrations with local banks
- A compliance and risk team ahead of licensing
“Southeast Asia's SMEs still wait days for settlements. We're fixing that,” the CEO said.
Investor view
Temasek's participation signals continued confidence in regional fintech despite a tighter funding climate elsewhere.
