Areca Capital expands investment in fintech

However, Areca Capital executive director and chief executive officer Danny Wong Teck Meng did not reveal the amount of its investment in MobyPay. He noted, though, that it was involved in the startup’s seed funding stage.

PETALING JAYA: Areca Capital Sdn Bhd is increasing its investment in digital startups, the latest being fintech firm MobyPay, to support the expansion of buy-now-pay-later (BNPL) financing in the country.

However, Areca Capital executive director and chief executive officer Danny Wong Teck Meng did not reveal the amount of its investment in MobyPay. He noted, though, that it was involved in the startup’s seed funding stage.