Singapore-based fintech venture capital (VC) firm Life.SREDA and international investment group Marvelstone have inked a memorandum of understanding (MOU) involving joint investments and startup support in Asian countries, starting in South Korea.
Each firm is ready to contribute up to $10 million in selected fintech startups and will collaborate on providing startup assistance, information exchanges for business incubation, research and development. The MOU will also permit three companies to collaborate on accelerating startups, using Life.SREDA’s InspirAsia in Singapore and Marvelstone’s affiliated accelerator 10K.
