Indonesian remittance startup ZendMoney in talks with VCs to raise $3-5m

Indonesian remittance startup ZendMoney is in talks with venture capital players to raise a $3-5 million Series A financing round, according to sources familiar with the development. The startup plans to use the proceeds to fuel its growth plans and improve its brand positioning.

ZendMoney had raised its previous round from angel investors working in the technology and telecom sectors.

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