Citi and HSBC have joined a $10.5mn funding round in FX marketplace Spark.
In Brief:
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Other investors included OSK Ventures, Goldman Sachs and Jubilee Capital.
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Spark offers low latency foreign exchange trading technology.
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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.
