Jewel Paymentech Raises Over S$1.5M Series A Funding
Summary
Jewel Paymentech provides intelligent solutions to help banks and payment facilitators conduct merchant due diligence and manage transaction fraud risks using predictive analytics.It also offers automated solutions to large merchants such as marketplaces, to identify illegal and counterfeit goods as part of their KYC process.Syed Haizam Jamalullail, one of the shareholders of Tuas Capital Partners Pte Ltd, said that, "Jewel’s impressive technology roadmap addresses many risk issues that are often overlooked by the e-payments industry.Founded in 2014, Jewel has since received numerous accolades for its One Sentry® risk management solution, and was named by SWIFT as one of the most promising FinTech companies in Asia." The other shareholders of the Singapore-based investment vehicle comprise of financial professionals with an average of 15 years of combined experience and cross-Asia regional expertise.8capita is headquartered in Singapore, and looks to fund executable ideas and exceptional talent.