Singapore-Based Neobank StashFin Raises US$ 40 Million in Series B Extensionby Fintech News Singapore April 6, 2021
StashFin, a Singapore-based neo-banking startup, announced the successful completion of the extension of its Series B equity financing of US$ 40 million.
New investors participating in the round include Altara Ventures and Uncorrelated Ventures with previous investments from Integrated Capital, Kravis Investment Partners, Saison Capital and Tencent Cloud Europe BV.
Existing investors also participated in the round including Alto Partners, Snow Leopard Ventures and Positive Moves.
StashFin said that it plans to use the funds to pursue neobanking across South Asia, double down on its plan to grow in existing markets and strengthen the customer platform for local languages.
Tushar Aggarwal, Founder and CEO of StashFin said,
“We are sitting on a unique opportunity to enable millions of consumers to get closer to their dreams and improve financial inclusion. South Asia is on the cusp of a financial revolution. Our mission is to use technology to enable frictionless banking and services.
We are excited to join hands with our new equity partners to pursue this neobanking mission and grateful for the continued support from our existing investors. During these difficult times, most aspiring consumers can avail the credit line to study further or serve immediate family needs for health and everyday consumption.”