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Aspire raises $158M Series B to build a full-stack “financial operating system” for Southeast Asian businesses

Aspire raises $158M Series B to build a full-stack “financial operating system” for Southeast Asian businesses

3 years ago
Anonymous $WHrWmjSJBZ

https://techcrunch.com/2021/09/26/aspire-raises-158m-series-b-to-build-a-full-stack-financial-operating-system-for-southeast-asian-businesses/

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 growth equity investor, with participation from DST Global Partners, CE Innovation Fund, B Capital Partners, and returning investors MassMutual Ventures, Picus Capital and AFG. 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 Port and Steve Anavi; Uala founder Pierpaolo Barbieri; Xendit co-founder Moses Lo; Payfazz co-founder Hendra Kwik; Clara co-founder Gerry Colyer; and Varun Mittal, the global emerging markets fintech leader of EY.

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