Social-based fintech platform Fastacash has secured a $15 million USD B series, raising the company’s total funding to $23.5 million USD. Rising Dragon Singapore led the latest financing round, which also included fintech venture capital firm Life.SREDA, UVM 2 Venture Investments LP, and other existing investors.

Founded in 2012, Fastacash is a global social payments platform that allows users to transfer money to friends and family over social networks and messaging platforms like Facebook Messenger, WhatsApp, Skype, Twitter, SMS & email. It provides accounts both to consumers and companies, where virtual goods, music, and images can also be transferred through its platform.

The company now claims to have over one million end-users, mainly distributed throughout Southeast Asian markets such as India, Indonesia, Singapore and Vietnam. Russia is also a strong market for the company.

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Emma Lee

Emma Lee is Shanghai-based tech writer, covering startups and tech happenings in China and Asia in general. We are looking for stories related to tech and China. Reach her at lixin@technode.com.