SG neobank Banco secures $6.7m series A
Singapore-based neobank Banco has raised US$6.7 million in a series A funding round led by Japan-based SBI Group. Other investors that participated in the fundraise include Sumitomo Mitsui Banking Corporation, R3, and Savills.
Banco, which is a part of the RABC Group, will use the funds to secure talent in the fields of tech and business development, as well as to expand throughout Southeast Asia.
