Coda Payments Raises Funding from Venture Lab

Coda Payments, a Singapore-based only payments company, raised funding from Venture Lab.

Venture Lab is Accion‘s $10m seed capital initiative, which invests in start-up companies that help expand global financial inclusion.

The amount of the deal was not disclosed.

Currently operating in Indonesia, Coda Payments has built a transaction-processing platform that enables merchants to allow their customers to buy goods and services using prepaid mobile accounts, giving people who lack access to credit or debit cards a way to purchase digital goods, including e-content, job listings, information services and microinsurance policies.

The company is led by Neil Davidson, CEO, Paul Leishman, COO, and Bobby Choi, CTO.



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