16 Apr '18, 5am

Singapore fintech start-up Silot raises US$2.87m in pre-Series A funding

SINGAPORE - Singapore-headquartered fintech company Silot has raised some US$2.87 million from investors Arbor Ventures and Eight Roads Ventures with the completion of its pre-series A funding. Arbor Ventures is a global early-stage venture capital firm, while Eight Roads Ventures is the proprietary investment arm of Fidelity International. This recent injection of funds comes just nine months after the start-up bagged an initial seed funding of US$800,000 from China's ZhenFund, marking the angel investor's first investment in South-east Asia. In a press statement on Monday (April 16), Silot said this new money will be used mainly to fuel the firm's expansion in Thailand, Malaysia, Hong Kong and other markets in the region. Said co-founder and managing partner of Arbor Ventures, Wei Hopeman: "The Silot team has strong market knowledge, and the ability to engage and partner...

Full article: http://www.straitstimes.com/business/banking/singapore-fi...

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Singapore: Arbor, Eight Roads back #fintech #startup Silot’s pre-Series A https://t.co/XvdPgmseBk

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