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Startups

Thai startup raises $80m from Toyota and others amid pandemic

Fintech company Synqa to speed cashless transactions in social distancing era

Synqa has attracted a host of big-name clients in Thailand, including McDonald's, with its payment gateway platform. (Photo by Akira Kodaka)

TOKYO -- Bangkok-based fintech startup Synqa Holdings is looking to capture a slice of growing demand for cashless transactions in Asia by taking advantage of $80 million it recently raised.

Synqa, formerly known as Omise Holdings, completed its Series C funding led by Siam Commercial Bank's venture capital subsidiary SCB 10X and Tokyo-listed asset manager Sparx Group, Nikkei reported.

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