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August 29, 2016
They said it. We read it. We edit. A round-up of some key events in funding.
Singapore-based MC Payment has raised SGD $6 million ($4.5 million) in a Series B round. The funds will be used to “drive market expansion” into Australia and in southeast Asia, as well as “enhance” its product offerings, including Xaavan, its B2B supply chain and e-invoicing platform for merchants and suppliers.
The investment was led by ESW Manage, an Asia-focused private equity firm along with private investment firm, DZW Capital. Other investors include Golden Equator Capital, a private equity and venture capital firm based in Singapore.