Tembusu Terminals, the company that launched Singapore’s first Bitcoin ATM at the Spiffy Dapper on Feb. 27, has raised $300,000 in seed funding.
The fledgling Singapore-based startup, now valued at over $5.1 million, will use the funds to fulfil its outstanding machine orders in a timely fashion.
Apart from stockpiling additional raw materials to ensure a smooth production process, the funds also increase Tembusu Terminals’ capacity to launch various products and services and expand its team.
The Tembusu proudly stands as the only Bitcoin ATM in Singapore that is locally designed and made — its competitors being Bitcoin Exchange’s Lamassu machine and Numoni’s B2 Spirit.
Photo: Tembusu Terminal Facebook page
Read Also: Two Bitcoin ATMs now available in Singapore
