Series B deals point to interest in early growth-stage startups

Singapore

MORE than US$70 million in Series B funding has been reportedly raised by Singapore or Singapore-backed startups of late - pointing to a plausible growing interest among investors in early growth-stage companies with an already proven product and internationalisation plans.

The three-year-old startup said it will use the money to build its global payment infrastructure and deepen its presence in Singapore, Europe, the US, Australia, Hong Kong and Canada by end-2017.