Singapore-based fintech startup Aspire has raised $ 158 million in a Series B funding round aimed at expanding its presence across Southeast Asia.
The round was led by a private growth equity firm with the participation of DST Global Partner, CE Innovation Fund, B Capital Partner and Global Hedge Fund Fasanara Capital.
Existing investors such as Hummingbird Ventures, Mass Mutual Ventures, Picus Capital and AFG also participated in the financing.
Founded in 2018, Aspire offers “all-in-one” digital banking services and financing options for entrepreneurs and start-ups.
The company’s platform aims to meet the end-to-end financial operations needs of start-ups and includes accounting and payroll management software, invoice and expense management tools, FX and credit solutions, and bank accounts.
Andrea Baronchelli, CEO and co-founder of Aspire, says that integrated platforms dominate each industry, and Aspire wants to do the same in finance by building a financial “operating system” for the digital economy in Southeast Asia. I think.
The company will use this money to “double” the existing market and lay the foundation for further expansion throughout the region.
The latest funding is August 2019 Series A RoundRaised $ 32.5 million.
Singapore FinTech Aspire Raises $ 158 Million Series B Funding
Source link Singapore FinTech Aspire Raises $ 158 Million Series B Funding