Singapore-based payments solutions Mobile Credit Payment (MC Payment) has raised S$6m ($4.4m) in Series B financing. The round was jointly led by regional private equity player ESW Manage and DZW Capital. Singapore VC Golden Equator Capital also participated.
The company’s mobile and payment-processing solutions aim to serve B2C and B2B requirements. MC Payment claims its clients include e-commerce portal Qoo10, vending machine cafe Vendcafe, logistics firm DHL and non-profit organisations.
The new capital will be used for product development and to expand the company’s operations into the Australian B2B market.
Founded in 2005 the company is currently present in Singapore, Hong Kong, Malaysia and Indonesia.
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