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Smartkarma raises US$13 million for overseas expansion

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Mr Raghav Kapoor, chief executive of Smartkarma, said: "For us, what's very significant is that there's profound regulatory change in the market for research. It's called MiFID II (The Markets in Financial Instruments Directive) and we're very well positioned for this change."

Singapore

SINGAPORE-based Smartkarma, a subscription-based marketplace for investment research, has raised US$13 million (S$17.7 million) to expand its sales and distribution overseas.

The Series B round of financing brings Smartkarma's total funding to US$21 million, it said on

sentifi.com

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