Philippines: Kakao's KVG backs fintech startup Satoshi Citadel

Philippines: Kakao's KVG backs fintech startup Satoshi Citadel

Philippine-based financial technology (fintech) startup Satoshi Citadel Industries (SCI) has secured a seed round with K Venture Group (KVG), the investment arm of South Korea internet company Kakao Corporation.

It was KVG’s first venture in the Philippines which it considers a “strategic partnership” with SCI, seeing the fintech startup’s ecosystem of financial technologies as a key addition to its portfolio of investments.

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