Fintech startup Zinc has raised $25.5 million in a seed funding round led by Quona Capital, EDBI, Global Ventures, Saison Capital, and Nexus Venture Partners.
The Singapore-based company plans to use the funds to develop new products, expand its offerings, and obtain important financial licenses.
Zinc aims to provide a financial foundation for parents and students to cover the increasing costs of studying abroad.
The company has also applied for a brokerage license to the International Financial Services Centers Authority (IFSCA) in GIFT City.