SINGAPORE (July 22): soCash, the Singapore-headquartered fintech startup, announced it has raised US$6 million (S$8.2 million) in its series B funding round.

With the new funds, soCash aims to grow its distribution network to improve the accessibility and convenience of banking services in countries such as Indonesia, Malaysia and Hong Kong — as the company has already acquired the relevant regulatory clearances in these three markets.

The funding round was led by Glory Limited, a pioneer in the development and manufacture of cash handling machines and systems headquartered in Himeji, Japan. Glory currently has a global reach of over 100 countries.

Other investors include SC Ventures, the innovation, ventures and fintech investments unit of Standard Chartered Bank, and Vertex Ventures, the worldwide group of venture capital funds with...(click on link for full story on theedgesingapore.com)