US-based online payment platform operator PayPal has graduated the first three startups from its Start Tank, its Singapore-based Technology Center incubator, Tech in Asia has reported.
The startups in question are digital insurance technology provider Axinan, blockchain network developer TenX and InvoiceInterchange, which allows external investors to help businesses out with financing for late invoices.
PayPal launched the Start Tank scheme in May 2016. It is not providing funding for the participants but does supply coaching and mentoring, and will put startups in touch with its venture capital connections.