STACS bags US$3.6m pre-Series A to expand its fintech blockchain platform
STACS, a Singapore-based fintech startup providing blockchain technologies for financial services, has raised US$3.6 million in pre-Series A funding.
This round brings its total funding raised to date to more than US$6 million.
Led by Wavemaker Partners, the latest funding is a ‘prelude’ to its Series A round, which STACS said will commence on a larger scale later this year.
Government-backed blockchain accelerator Tribe, besides Stellar Partners, also participated.
STACS was a graduate of Tribe’s third accelerator batch last year.
As per a press release, STACS will use the fresh fund to ‘expand its ecosystem of global financial institutions on its Environmental, Social and Governance (ESG)-enabling technology infrastructure.’
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