Y-Combinator Backed Aspire Raises US$32.5 Million to Help SMEs Secure Working Capitalby Fintechnews Singapore August 1, 2019
Y Combinator-backed Aspire announced today a US$32.5 million raise. Aspire is currently operating across Thailand, Indonesia, Singapore and Vietnam.
Leveraging on 3rd party financial service providers the company claims to provide SMEs with a 60-day, interest free credit line of up to S$100,000 to solve their working capital needs.
Aspire’s CEO and Founder, Andrea Baronchelli shared in a media statement that they have seen 30% month on month growth since opening the company in January 2018 and they are expecting to open more than 100,000 business accounts by next year.
The Series A round will be used to boost its financial product offering and strengthen its local presence.