With Ant Financial in its corner as an investor, Singapore-based fintech firm M-DAQ seemed on the way to breaking out.

The Chinese fintech giant, now known as Ant Group, is headed for a record-breaking IPO a record-breaking IPO The Ken Ant Group’s disjointed Southeast Asian fintech colony Read more . It invested in M-DAQ’s US$87 million Series C round in November 2015 alongside EDB Investments, a venture capital fund associated with Singapore’s Economic Development Board.

AUTHOR

Jon Russell

Jon Russell is Southeast Asia editor for The Ken based in Bangkok. Originally from the UK, Jon moved to Thailand in 2008. He’s passionate about telling thoughtful business stories, and tracking the impact of the internet in his adopted home of Southeast Asia.

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