SINGAPORE, fastacash, a technology company working to create secure money and data transmission through social networks, has received $3 million in Series A funding.
A Singapore-based company working to create secure data and money transmission links through social networks has closed a $3 million Series A financing round.
fastacash, a company hoping to cash in on the ePayments growing with the estimated 1.73 billion worldwide users of social networks, received funding from Jungle Ventures, SPRING SEEDS Capital, and Hong Kong-based Funding the Future. The company showcased a new global social payments platform today at Money2020, a financial services convention held in Las Vegas.
The company had previously raised $1.5 million in seed funding in 2012, led by Funding the Future. With the completion of Series A funding, fastacash will focus on partnerships and the expansion of its global footprint.
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