Toast raises seed funding to help migrant workers in Singapore send money back home

Singapore­ based online remittance platform Toast has raised a S$1.2 million (US$850,000) seed round, the company announced today. The oversubscribed round was led by Singapore­ based investment firm Aetius Capital, and joined by international investor ACE & Company, which has previously invested in financial comparison site CompareAsia and online peer ­to ­peer payments startup Transferwise. New York ­based investment company One Zero Capital also participated in the round.