Fundz

Singapore-Headquartered Fintech Banco Raises Us$6.7 Million In Series A Round

PRIVATEAug 31, 2022

Amount Raised

$6.7 Million

Round Type

Series A

SingaporeFinancial ServicesFinanceFintechLending

Description

Singapore-headquartered fintech company banco (RABC Group) yesterday announced the successful raise of US$6.7M in Series A funding led by Japan-based leading financial group SBI Group, alongside investors Sumitomo Mitsui Banking Corporation (SMBC), R3, Savills, KZM & Company, and others.

Quick answer

RABC Group raised $6.7 Million in a Series A round, dated August 31, 2022. RABC Group is based in Singapore.

How much did RABC Group raise?
RABC Group raised $6.7 Million in a Series A round on August 31, 2022.
What does RABC Group do?
Founded in 2018, banco (RABC Group) is headquartered in Singapore with subsidiaries in China and Japan.
Where is RABC Group based and how big is it?
RABC Group is based in Singapore.

Source: Fundz verified event record.

Who else raised in Financial Services and Finance around the same time

Companies in the same sectors as RABC Group that raised within 45 days of this round, from Fundz verified event records.

  • NorthOne raised $67M (Series B) on October 13, 2022.
  • Aro Finance raised $10M (Seed) on October 11, 2022.
  • Jiko raised an undisclosed amount on October 6, 2022.
  • Tally raised $80M (Series D) on October 3, 2022.
  • Numida raised $12M (Funding Round) on September 28, 2022.
  • FinVolution Group raised an undisclosed amount (Funding Round) on September 26, 2022.

Who to call at RABC Group, and when

A new round usually means RABC Group is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day RABC Group raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at RABC Group, from your own LinkedIn network

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Company Information

Company

RABC Group

Location

Singapore

About

Founded in 2018, banco (RABC Group) is headquartered in Singapore with subsidiaries in China and Japan. The banco platform leverages the digital capabilities of the RABC group's expertise in Micro, Small and Medium Enterprises (MSME) lending and close industry partnerships, to develop sector-focused and sustainable financial solutions for MSMEs.

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Funding Insights

What this usually means
Typical timeline to Series B
Series A companies typically raise their next round in 10-18 months

RABC Group raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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