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Singapore based b2b payments provider Fastacash announced today it has raised US$15 million in a series B funding round, one of the largest series B investments for a fintech company in Singapore. The round was led by Rising Dragon Singapore and the startup is looking to scale its international growth and expand its team.
While there are several startups throwing their hat in the mobile transaction space, Fastacash hopes to stand out with its B2B focus. The company wants to be the one providing the tools for its partners to offer social transactions to users, rather than offer those services directly to consumers. As such, it wants to remain platform agnostic, having built a flexible enough method to be used for multiple use cases, Tallent claims.
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