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April 20, 2021 Singapore-based STACS has bagged $3.6 million in a pre-Series A round led by early-stage venture capital firm Wavemaker Partners, with participation from Tribe Accelerator and existing investor Stellar Partners. This brings the total amount raised by the fintech startup to $6 million since it was founded in 2019. The current round, which is equity-based, is a prelude to the company’s Series A funding round. STACS will start fundraising in the third quarter of this year, its founder and managing director Benjamin Soh told DealStreetAsia, adding that the upcoming round will be larger than the latest haul. The fresh funds will help the company hire more people as it tries to scale up, he said. It currently has 30 employees, and aims to have 15 more by the end of this year – half of them in the technical team, and the other half in business development.

Hong kongGray fergusonAviva singlife holdingsInternational settlementsDeutsche bankWavemaker partnersTribe acceleratorBenjamin sohStandard chartedAviva singlifeStellar partnersஹாங் காங்ராய் ஃபெர்குசன்சர்வதேச குடியேற்றங்கள்டாய்ச் வங்கிபழங்குடி முடுக்குப்பொறி