SBI FMO Fund invests in Singapore fintech startup Bank-Genie

Singapore-based fintech startup Bank-Genie has raised an undisclosed amount in a Series A funding from SBI FMO Emerging Asia Financial Sector Fund, a private equity vehicle set up by Japan’s SBI Holdings and Netherlands’ Development Finance Company.

Bank-Genie, that called the investment “significant” in a statement issued on Monday, creates mobile native software enabling banks and financial institutions to create virtual retail branches.

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