The new funds will be invested in global expansion, namely in the Asian market. Several of the investors in this round are Asian based while the startup graduated from the Singaporean FinLab accelerator. “Asia is a very innovative and strategic market for us, and so it’s very exciting to see such support and interest from the Asian market in this funding round,” said Daniel Peled, CEO of PayKey. “With top VCs and strategic investors from the Asian market leading this round, it’s an exciting validation of our technology and success so far. We’re excited to hit the ground running as we expand towards Asia.”

http://tech.eu/brief/paykey-funding/?via=indexdotco