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Pace Raises Usd40 Million Series A Funding From Pan-Asian Group Of Investors From Singapore, Japan, Korea, China Taiwan And Indonesia

Nov 22, 2021•over 3 years ago

Amount Raised

$40 Million

Round Type

series a

Description

Pace, a Singapore-based fintech solution company that allows customers to 'Buy Now Pay Later' (BNPL), today announced that it has raised USD40 million in its Series A investment round. Investors that joined the round include UOB Venture Management (Singapore), Marubeni Ventures (Japan), Atinum Partners (South Korea), AppWorks (China Taiwan), and a series of family offices from Japan and Indonesia. Previous investors, Vertex Ventures Southeast Asia, Alpha JWC, and Genesis Alternative Ventures also participated.

Company Information

Company

Pace

About

Pace is the fastest-growing multi-territory fintech solutions company from Singapore with a mission to democratize financial services across Asia. It aims to build a banking engine that can operate across countries easily to help merchants create sales efficiencies and provide consumers with an option to spend sustainably. Its "Buy Now Pay Later'' (BNPL) solution for offline and online merchants matches customers with appropriate spend limits and allows them to split their purchases over three interest-free payments. Pace currently operates in Singapore, Malaysia, Hong Kong, and Thailand. For more information about Pace and how it sets out to achieve its vision to become Asia's future digital banking engine, visit https://pacenow.co/.

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