China digest: Insurtech firm Galileo bags $2m; EMQ partners FOMO Pay

China digest: Insurtech firm Galileo bags $2m; EMQ partners FOMO Pay

The Chinese Communist Party (CCP) seal displayed inside the Great Hall of the People prior to the opening session of the National People's Congress in Beijing, China, on Friday, March 5, 2010. Photographer: Nelson Ching/Bloomberg

Galileo Platforms Ltd, an insurance technology company which uses blockchain, has closed a $2-million Series A funding round co-led by Greenlight Re Innovations while financial settlement network EMQ has partnered with Singapore’s QR code payment solution provider FOMO Pay to support the growing demand for real-time international settlements from Singapore to China.

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