Singapore-Headquartered Fintech Banco Raises Us$6.7 Million In Series A Round
08/31/22, 3:46 AM
Location
singaporeMoney raised
$6.7 million
Industry
lending
fintech
finance
financial services
Round Type
series a
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.
Company Info
Location
singapore
Additional Info
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.