Singapore Fintech Aspire, an all-in-one financial operating system for businesses, secures $ 158 million through Series B


Y-Combinator-supported Aspire reveals he raised $ 158 million in capital via his Series B round.

As its management notes:

“Aspire is the all-in-one financial operating system for growing businesses. We help businesses pay, manage, and earn smarter – doing more than a bank, accountant, or rewards program could ever do on its own. Our mission is to give the next generation of entrepreneurs the financial tools they need to realize the full potential of their business.

With headquarters in Singapore and additional locations in Indonesia and Vietnam, Aspire claims to be “backed by some of the best VCs in the world, including Y-Combinator.”

Founded in 2018 by the founders and former executives of Lazada, Aspire aims to provide all-in-one or complete financial services to business owners and has served more than 10,000 businesses in the Southeast Asia region. .

The $ 158 million oversubscribed round was led by an unnamed international growth capital firm as well as contributions from DST Global Partners, CE Innovation Fund, B Capital Partners and hedge fund Fasanara Capital.

Existing investors also participated in Aspire’s investment round. They include Hummingbird Ventures, Mass Mutual Ventures, Picus Capital and AFG.

Leading Fintech Entrepreneurs, including Taavet Hinrikus, co-founder of Wise, Alexander Prot and Steve anavi, co-founders of Qonto; Pierpaolo barbieri, founder in Uala; Moses Lo, co-founder of Xendit; Hendra Kwik, co-founder of Payfazz; and Gerry Colyer, co-founder of Clara, also contributed to the last cycle of Aspire.

Andrea Baronchelli, founder and CEO of Aspire, declared:

“We see a world dominated by platforms integrated into various business functions such as Salesforce for Sales or Slack for Communication. We believe the same is true of finance and we are here to build the operating system for Southeast Asia’s digital economy. With the Series B investment, Aspire seeks to double its share in existing markets, while laying the groundwork to serve growing business customers throughout the Southeast Asian region.


About Author

Leave A Reply