Citi and HSBC have joined a $10.5mn funding round in FX marketplace Spark.
Other investors included OSK Ventures, Goldman Sachs and Jubilee Capital.
Spark offers low latency foreign exchange trading technology.
The FinTech is based in Singapore and is a grant recipient under MAS.
What does this mean?
Spark Systems will use the funding to develop its in-house technology. It also intends to expand its geographic footprint, and is focusing on financial centres including New York and London.