The financial remittance service has added $21m to more than double a series C round that included Telkom Indonesia, Kasikorn Bank, Rocket Internet and SBI.
Singapore-based money remittance platform Instarem has extended a series C round featuring e-commerce holding company Rocket Internet and telecommunications firm Telkom Indonesia to $41m, Crowdfund Insider reported on Monday.
The $21m second tranche was led by Vertex Ventures, the venture capital firm operated by Singaporean state-owned investment firm Temasek, and included VC firm Atinum Investment. It followed a $20m first close announced in November 2018.
Rocket Internet, Telkom unit MDI Ventures and Beacon Venture Capital, the VC arm of…
