Exclusive: Life.SREDA to set up $20m fintech fund in Malaysia

Petronas Twin Towers in Kuala Lumpur at night.

Singapore-based LifeSREDA.VC, a fintech venture capital (VC) firm with Russian roots, announced that they are launching a fintech fund for startups for the amount of $20 million as a first close, provided by local LPs frim Malaysia. In addition, the VC firm will be involved in opening a co-working space in Malaysia’s commercial capital of Kuala Lumpur.

The fund will have its first close at $20 million, with LifeSREDA aiming to reach a hard close of $50 million by the end of the year.

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