SoCash allows customers to withdraw cash from small stores by plugging into banks’ mobile apps and partnering with local merchants. Singapore-based fintech startup SoCash raised US$6 million in a series B round led by Japanese money-handling systems developer and manufacturer Glory.
With the new investment, it will expand its distribution network to improve the accessibility of banking services in Indonesia, Malaysia, and Hong Kong. The company has already acquired relevant regulatory clearances and is now focused on building teams in all three markets.
https://www.techinasia.com/singapore-fintech-startup-socash-raises-6m-series
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