BNPL player Pace raises $40m from UOB arm, Marubeni Ventures, AppWorks, others

Pace's founder Turochas 'T' Fuad. Source: Pace.

Singapore-based buy-now-pay-later (BNPL) provider Pace has raised $40 million in a Series A round from new investors that include UOB Venture Management, Marubeni Ventures, Atinum Partners, AppWorks, and family offices from Indonesia and Japan.

Existing investors Vertex Ventures Southeast Asia, Alpha JWC, and Genesis Alternative Ventures also participated in the round, the company said in a statement. 

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