Fincy receives $11m capital injection from parent company GBCI to grow across Asia

E-wallet company Fincy has revealed that it has filled its coffers with an additional $11m power boost to launch its South-East Asia.

The new investment comes from parent company GBCI Ventures, the Asian venture capital fund and venture builder.

The blockchain-powered company will put the money towards opening a new office in Singapore and to hire 50 more employees, adding to its current 500 staff members.

The FinTech startup was launched in 2019 and has since then seen over 700 merchants accept the money management app and more than 40 companies use it for payroll purposes.

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