Singapore: Nearcircles closes $1m pre-Series A from IDN Financials

Photo extracted from Nearcircles Facebook page.

IDN Financials has invested $1 million in Singapore-based Nearcircles, a mobile app that enables people to create private social networks on the basis of location, allowing them to message and generate discussions with those in their geographic proximity.

In a development reported by Tech in Asia, the company said its pre-Series A funding round and will help in the expansion of its business operations in Indonesia, where it recently began services.

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