September 28

Aspire Raises $158 Million Series B To Build a Full-Stack “Financial Operating System” for Southeast Asian Businesses

By Catherine Shu

Aspire, the Singapore-based neobank that wants to become an “end-to-end financial operating system” for Southeast Asian businesses, is moving closer to its aspirations with a $158 million Series B. The round consisted of $58 million in equity and $100 million in debt and was led by an undisclosed global fintech-focused growth equity investor, with participation from DST Global Partners, CE Innovation Fund, B Capital Partners and returning investors MassMutual Ventures, Picus Capital, AFG and Hummingbird Ventures. The debt capital was provided by hedge fund Fasanara Capital.

The round also included angel investors from some notable fintech startups, like Wise co-founder Taavet Hinrikus; Qonto co-founders Alexandre Prot and Steve Anavi; Uala founder Pierpaolo Barbieri; Xendit co-founder Moses Lo; Payfazz co-founder Hendra Kwik; and Clara co-founder Gerry Colyer.

Photo courtesy of Jaume Escofet.

Source: Yahoo Finance (link opens in a new window)

Finance, Technology
financial inclusion, fintech