Singapore's Temasek co-leads $72.8m funding in Chinese fintech firm Tongdun

Singapore's Temasek co-leads $72.8m funding in Chinese fintech firm Tongdun

An employee walks past a sign for Temasek Holdings Pte at the company's offices in Singapore. Photographer: Munshi Ahmed/Bloomberg

Singapore’s state investment firm Temasek Holdings, along with Chinese investment firm Tiantu Capital and Xindahanshi Capital, has led a $72.8 million funding round in Chinese fintech start-up Tongdun Technology, as per a CMN report.

Tongdun, an Internet risk control and anti-fraud services provider, plans to use the latest financing proceeds towards research and development, and to expand business by partnering with overseas fintech companies, the report said.

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