Thailand’s Siam Commercial Bank, SG’s FinLab join $10m Series B round of social payments app PayKey

Thailand’s Siam Commercial Bank, SG’s FinLab join $10m Series B round of social payments app PayKey

The logos of Siam Commercial Bank are pictured at an exhibition hall in Bangkok, Thailand, May 12, 2016. REUTERS/Athit Perawongmetha Tel Aviv-based PayKey , a social banking solution provider, has raised $10 million in Series B funding in a round led by MizMaa , with participation from SBI Group , Digital Ventures (the fintech subsidiary of Siam Commercial Bank ), SixThirty, Fintech71, The FinLab (a joint venture (JV) between United Overseas Bank and SGInnovate ) and other existing and new investors. Investment proceeds will be used to accelerate PayKey’s global expansion and to continue developing new solutions. This Series […]