Statrys secures $5m in an angel investment round

Hong Kong-based digital payments platform Statrys has apparently added $5m to its coffers in an angel investment round.

The venture will use the new cash injection to fund its global expansion plans, starting in Asia.

The company provides payment services for SMEs.

“After a few months of operations, our business has already reached upwards of HKD500m remittance and HKD200m FX dealings,” said Bertrand Theaud, founder and CEO of Statrys. “This clearly validates our original assumption that there is a big demand for the services we provide at Statrys.

“This new financing will help us to accelerate the development of the company both in terms of products, with the addition of local currency accounts, payment card, integration with accounting software, and geographically, as we will target new markets in South East Asia.”

Looking at the Hong Kong scene in general, it seems as if 79% of Hong Kong companies have started to offer remote working opportunities in the past six months due to Covid-19.

However, only 30% have provided cybersecurity training to cover the new working environment, research from the Hong Kong Internet Registration Corporation revealed in October.

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