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.