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Fintech startup raises seed funding to help unbanked migrant workers

Home / News / Fintech startup raises seed funding to help unbanked migrant workers

Singapore-based FlexM announced today it has raised seed funding to the tune of US$886,000. The funding comes from Singaporean mobile payments provider MatchMove, with whom FlexM has inked a partnership deal, and a number of undisclosed private investors.

The startup offers its customers an ewallet that can be used for payroll, money remittance, and e-shopping. FlexM’s service includes a virtual prepaid MasterCard and up to four physical copies. It claims to offer more affordable remittance rates than established services like Western Union.

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  • December 12, 2016, 1:20 pm  Reply

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