SINGAPORE, Oct. 25, 2021 /PRNewswire/ Fractional bonds will now be available on the FinIQ platform. Banks and financial institutions which use FinIQ would have direct access to the BondbloX
Singapore-based fintech BondEvalue has raised US$6 million in its Series A round of fund raising, bringing the total funding raised by the company to US$10 million.
MassMutual Ventures Southeast Asia and Citigroup were among the new investors and are expected to be represented on the board.
Other investors included existing shareholders Potato Productions, a company helmed by entrepreneur Lee Han Shih, and Octava, a Singapore-based family office.
BondEvalue will use the proceeds to increase its international members.
It also announced its joint venture in Mexico that is headed by Jaime Zenizo, previously head trader for HSBC Mexico.
The JV will form a Peso bond exchange and represents the first local currency expansion by BondEvalue.