EMQ, a Hong Kong-based startup that develops network infrastructure to make international payments faster, has raised a USD 20 million Series B led by WI Harper Group.
The funding will be used for expanding EMQ’s international business, product development, and licensing in key markets. Until recently, most transactions facilitated by EMQ were between consumers. Then in May 2020, the company launched its enterprise payment solution for companies.
The company’s CEO Max Liu told TechCrunch that EMQ will focus on scaling its operations, especially for business remittances, in China, followed by India and Japan. Its last funding was a USD 6.5 million Series A announced back in December 2017.
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