Fastacash is a Singapore-based fintech building an agnostic payments hub that lets people send money via platforms like WhatsApp, Facebook Messenger, SMS and email. It offers both a standalone consumer service and a co-branded option for banks and remittance firms, positioning itself as an intermediary for financial institutions across multiple platforms. The company reports over one million registered users and about 40 staff in Singapore, and plans to double headcount over the next 18 months. Product plans include moving from B2B2C into customer-merchant payments and adding features such as coupons and QR codes; Fastacash also intends to open an innovation center in London while keeping product development in Singapore. The startup aims to secure 50 partnerships with banks, remittance firms and other organizations (around one-third scheduled for this year) and to expand geographically into the U.S., UK, India and the Middle East through partner deals and local sales teams. Financially, Fastacash previously raised $8.5 million and has now completed a $15 million Series B to support its growth and expansion. fastacash is a Singapore-based technology provider of a social payments platform. Led by Vince Tallent, Chairman and CEO, the company offers a global platform that allows users to transfer value (money, airtime, other tokens) along with digital content (photos, videos, audio, messages) through social networks and messaging platforms. The platform enables secure transactions domestically and internationally and targets partners in the payments, remittance, consumer products, social and gaming industries. fastacash works with partners including Skrill, Oxigen, Mobi.Dengi, Imperial Bank and Techcombank to bring its technology to end-users. The company completed a $4m additional round of funding and will use the funds to accelerate product development and deployment. Prior to this, it had raised $4.5m from its Seed and Series A rounds led by Jungle Ventures, Spring SEEDS Capital and Hong Kong-based Funding the Future (FTF). fastacash is a Singapore-based social payments platform that uses a patent-pending link generation technology to let individuals and companies transfer value and attach digital content (photos, videos or audio) through social networks and messaging platforms. The transferable value can be money, electronic coupons, airtime or other tokens of value. The company targets integrations with banks, remittance service providers, mobile operators, social networks, gaming companies and consumer brands. fastacash is led by Chairman and CEO Vince Tallent. It completed a $3m Series A and had previously raised $1.5m. The company intends to use the Series A to focus on partnerships and expand globally, planning launches in Indonesia (Doku) and Russia (UNISTREAM) within the year.

Total raised

$22M

Funding rounds

3

Latest round

Series B

Latest activity

Jul 2015