US fintech firm Vesta gets EDBI backing for APAC expansion

Singapore. Photo by Andrew Kow on Unsplash

EDBI, the corporate investment arm of Singapore Economic Development Board, has invested in US-based financial technology firm Vesta, which is taking its fraud and e-commerce payment platform across the Asia Pacific region.

In a statement, Vesta said it has secured a strategic investment from EDBI, on top of the $125 million that it raised in May from private equity firm Goldfinch Partners, to accelerate its expansion in the region.

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