Singapore fintech firm Brankas raises $20M from Insignia Ventures, Visa to expand open finance platform

Brankas announced the close of its $20 million Series B investment round led by Insignia Ventures Partners, Visa, AFG Partners and Treasury International. Its existing investors Beenext and Integra Partners also joined the round, Brankas. With this round, Brankas aims to scale its network of more than 40 financial institutions and 100+ technology companies, expand its product menu of banking-as-a-service application programming interfaces serving customers across 6 markets in Asia, and look to double the 100-person strong team.