The Business Times
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Tembusu raises S$1.2m for cryptocurrency development

Published Thu, Jan 29, 2015 · 09:50 PM

    Singapore

    THE homegrown cryptocurrency startup which launched Asia's first Bitcoin ATM in Singapore a year ago announced on Thursday that it has raised S$1.2 million in bridge funding, taking the value of the company to some S$11 million.

    The funding secured by Tembusu Systems - formerly known as Tembusu Terminals - includes a "million-dollar vote of confidence" from a Singapore mainboard-listed, bluechip company that has declined to be named, The Business Times has learnt.

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