SC Ventures, the fintech investment arm of Standard Chartered, has stepped up funding for its in-house ventures audax and TASConnect, according to filings reviewed by DealStreetAsia.

The filings with Singapore’s Accounting and Corporate Regulatory Authority (ACRA) show fresh capital injections of US$ 5.6 million into audax and US$ 7.4 million into TASConnect.

This brings total funding to US$ 110 million for audax and US$ 42.3 million for TASConnect.

audax, launched in 2023, provides Banking-as-a-Service and digital infrastructure across Asia.

TASConnect, introduced in 2022, offers a supply chain finance platform for large corporates, independent of banking providers.

The latest funding for TASConnect follows its July 2024 acquisition of SOLV’s Malaysian unit, a move aimed at expanding its regional footprint and improving cost efficiency.

It is also reportedly pursuing SOLV’s Vietnam arm. Earlier this month, SC Ventures invested an additional US$ 5 million in SOLV through a separate share issuance.

SC Ventures combines venture building with strategic investments, typically targeting startups from Series A to pre-IPO stages.

It has launched 19 ventures, holds stakes in 20 portfolio companies, and is incubating several more.

So far this year, SC Ventures has backed SOLV, Furaha, and FourTwoThree.

It has invested in eight companies over the past 18 months including audax and TASConnect.

Featured image: Edited by Fintech News Singapore, based on image by Freepik