CCRManager, a Singapore fintech that is tackling the secondary market in trade loans, has raised US$6.5 million in Series A funding from a group of investors led by veteran banker and ex-Temasek Holdings executive, Francis Rozario of Asia Capital and Advisors, it said on Tuesday.
Mr Rozario will join its board of directors, said CCRManager in a media statement.
Subscribers to the round include individual investors from the banking and investment community, family offices, and Global eTrade Services (GeTS), a subsidiary of CrimsonLogic, which sells services to governments looking to digitise their processes.
Funding from this Series A round will be used to accelerate the growth and expansion of the CCRManager network globally, and to boost the platforms’ product and functional capabilities.
