FlexM Raised SGD 1.25 Million – Complete Mobile Solution For Financial Inclusion, Remittance and Electronic Payroll In Southeast Asia

With a mission to bank the unbanked and under-banked populations, the fintech company FlexM has successfully raised first round seed funding of SGD 1.25 Million. FlexM is quickly addressing the salary, payment and remittance needs of migrant and foreign domestic workers in Southeast Asia. The company officially entered the Singaporean market in September 2016, with an innovative virtual wallet that acts like a bank account and is specifically designed for smartphones.