Bangkok based payments company raised $80m in Series C funding led by Siam Commercial Bank's venture capital subsidiary SCB 10X and Sparx Group.
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OMG Network's parent company SYNQA raises $80m in Series C funding
The coronavirus pandemic has become a driver for cashless payments, as people began to prefer consumption and financial transactions in a fast, secure, non-contact and convenient manner. The $80-million funding is expected to allow Synqa to enhance its technologies to provide better products and services for its customers, helping it to gain an advantage in expanding its footprint in the fintech area.
