The Chinese investor Fosun Group announced the investment in the financial tech company BondIT on Friday.
BondIT, based in Israel, has created a digital product to help investors in the bond market. The company took part in the St. Louis-based seed investor and accelerator SixThirty last year.
SixThirty Managing Partner Atul Kamra said it’s the latest company to attract follow-on funding.
“Our specialty is in helping late seed stage fin tech startups go-to-market and accelerate their commercialization and this just validates our go-to-market strategy working with the best fin techs from all over the world,” Kamra said.
Last week PayKey, another SixThirty portfolio company announced it had raised $10 million from an international investor group that included SixThirty. PayKey created a mobile banking application that allows users to transfer money to others over social media.
SixThirty provides financial tech, known as FinTech, startups with up to $100,000 in funding, mentors and connections to some of the top financial services companies in the country.
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