Marubeni Ventures and UOB Venture Management both contributed to a series A round for the online buy now, play later service.
Singapore-based consumer lending platform developer Pace has secured $40m in a series A round backed by conglomerate Marubeni’s corporate venturing unit, Marubeni Ventures.
Marubeni was joined in the round by UOB Venture Management, the venture capital arm of financial services group United Overseas Bank, as well as Atinum Partners, Alpha JWC, Genesis Alternative Investments and Vertex Ventures Southeast Asia.
Pace has developed an online service that allows consumers to split their purchases into three instalments over a period of 60…
Fernando Moncada Rivera
Fernando Moncada Rivera is a reporter at Global Corporate Venturing and also host of the CVC Unplugged podcast.
