Singapore-based 4xLabs, a fintech developer for cash exchange service, has secured an additional $1.5 million in funding jointly led by Singapore-based fintech-focussed venture capital firm Dymon Asia Ventures and Malaysia-based OSK Ventures International.
The company was founded in 2011 and secured the backing of Dymon Asia Ventures. It initially focussed on developing an aggregation platform for travellers to search for the best cash exchange rates, offered by money services businesses in various cities.
