Y-Combinator Backed Aspire Raises US$32.5 Million to Help SMEs Secure Working Capital

Y-Combinator Backed Aspire Raises US$32.5 Million to Help SMEs Secure Working Capital

by August 1, 2019
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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.

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