Fastacash secures $15m Series B round from Rising Dragon Singapore, Life.SREDA

Visual from Fastacash social media page

Fastacash, the Singapore-incorporated payments startup, announced today that it had raised $15 million in Series B funding led by Asia-focused investment firm Rising Dragon Singapore. Other participating investors include fintech venture capital firm Life.SREDA, UVM 2 Venture Investments, as well as existing investors.

Founded in 2012 and with a presence in India, Indonesia, Russia, Singapore and Vietnam, Fastacash claims it has acquired over one million end-users and is experiencing strong growth – a claim seemingly validated by the latest round of funding. To date, this is one of the largest Series B rounds raised by a Singapore-based fintech venture. It also brings the cumulative funding that fastacash has raised to US$23.5 million as of July 2015.

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