Hong Kong-based fintech startup Statrys garnered $5 million in its angel round from an undisclosed investor.
The corpus raised will be used for product and service development – including local currency accounts, payment cards, and accounting software. A part of it will also be deployed to support market extension in Southeast Asia in markets such as Singapore and Indonesia.
Statrys, which was established in 2018, develops digital payment services that primarily cater to small-to-medium enterprises (SMEs) and entrepreneurs. It operates in 11 different currencies in London and Bangkok besides its home market.