Singapore FinTech startup Fincy has obtained $11mn investment.
The capital comes from its parent company GBCI Ventures.
Fincy allows contactless payments to be made through a social network.
The FinTech is also working on an external financing round.
What does this mean?
Fincy will use the cash infusion to expand across Asia. Part of this will be making around 50 strategic hires in areas like technology and compliance.