Digital Banking Funding

Singapore’s Aspire Raises US $158 Million to Build the “Salesforce” of Finance

Y-Combinator-backed Aspire announced today they have raised US$ 158 million in their Series B round. Founded in 2018 by Lazada founders and former executives, Aspire provides “all-in-one financial services” to entrepreneurs and has served over 10,000 businesses across South East Asia.

The oversubscribed US$ 158 Million round was led by an undisclosed global growth equity firm together with DST Global Partners, CE Innovation Fund, B Capital Partners, and global hedge fund Fasanara Capital. Existing investors, including Hummingbird Ventures, Mass Mutual Ventures, Picus Capital, and AFG also participated in the round.

A series of successful fintech founders such as Taavet Hinrikus (Co-Founder of Wise), Alexandre Prot and Steve Anavi (Co-Founders of Qonto), Pierpaolo Barbieri (Founder of Uala), Moses Lo (Co-Founder of Xendit), Hendra Kwik (Co-Founder of Payfazz), and Gerry Colyer (Co-Founder of Clara) have also joined the round.

Andrea Baronchelli

“We see a world dominated by integrated platforms across various business functions such as Salesforce for Sales or Slack for Communication. We believe the same is happening for Finance and we are here to build the operating system for the SouthEast Asia digital economy”

says Andrea Baronchelli, CEO and Co-founder of Aspire.

With the series B investment, Aspire is looking to double down on existing markets, while building the foundations to serve growing business clients across the whole South East Asia region.

Featured image: Andrea Baronchelli, CEO and Co-founder of Aspire