Singapore fintech STACS raises S$5 Million in pre-Series A funding
Singapore FinTech Start-Up Hashstacs Pte Ltd (“STACS”) today announced the completion of its US$3.6 million (S$4.8 million) pre-Series A funding round, bringing its fundraising total to more than US$6 million (S$8 million). This is a prelude to STACS’ Series A funding round, which will commence on a larger scale later this year.
The fundraising comes at a strategic time, propelling STACS forward in its key plans to expand its ecosystem of global leading financial institutions on its sustainable and Environmental, Social, and Governance (ESG)-enabling technology infrastructure. The announcement comes in line with Earth Day 2021 this week.
STACS is a leading Singapore-headquartered fintech development company providing transformative technology to the financial services sector. Its live Distributed Ledger Technology (DLT) platforms support the effective lifecycle management of securities, and ESG financing dimensions encompassing green and sustainability-linked bonds and loans. STACS is The Asset Triple A Digital Awards 2021 FinTech Start-Up of the Year, as well as an award winner in the MAS Global FinTech Innovation Challenge Awards 2020. STACS’ Co-Founder and Managing Director Benjamin Soh was recently recognised as FinTech Leader in the Singapore FinTech Awards 2020, organised by Singapore FinTech Association. Recently STACS had announced collaborations with leading institutions like Deutsche Bank, BNP Paribas, Eastspring Investments, Bursa Malaysia, EFG Bank, and Bluecell Intelligence.