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S'pore VC firm invests US$3m in India startup

BlueHill's funding will boost Triotech's remittance business, raising the number of post offices providing its Mobile Money Transfer Service in India to 40,000

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"We see Triotech Solutions in the right space of growth, especially with huge potential in the mWallet, mobile banking and remittance space in India," said Vicknesh Pillay, BlueHill's managing director.

Singapore

BLUEHILL Asset, a Singapore-based venture capital (VC) firm, is jumping on and riding the increasingly popular startup trend that is financial technology (fintech), having just invested US$3 million in mobile commerce company Triotech Solutions based in Gurgaon city, south-west...

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