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SingX raises US$4.5 mil and expands to Malaysia and Hong Kong

Fintech

SingX raises US$4.5 mil and expands to Malaysia and Hong Kong

Samantha Chiew Published on Tue, Aug 15, 2017 / 11:38 AM GMT+8

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SINGAPORE (Aug 15): Local fintech startup Sing X has successfully raised US$4.5 million ($6.3 million) in its second round of funding.

Along with that, the group has also expanded its online remittance services to two new markets – Malaysia and Hong Kong.

SingX launched its first product in January that facilitates cross-border fund transfers from Singapore to India and based on its current monthly run rate after six months of operations, the company would have achieved an annualised run rate of $100 million.

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