Ex-Lazada exec’s fintech firm banks $158m in series B money

Singapore-based fintech firm Aspire has raised US$158 million in its most recent funding round.

More funding details

• Lead investor: An undisclosed global growth equity firm
• Existing investors: Hummingbird Ventures, MassMutual Ventures, Picus Capital, and AFG
• Other investors: DST Global Partners, CE Innovation Fund, B Capital Partners, Fasanara Capital, Wise co-founder Taavet Hinrikus, Uala founder Pierpaolo Barbieri, Xendit co-founder Moses Lo, Payfazz co-founder Hendra Kwik, Clara co-founder Gerry Colyer, and Qonto co-founders Alexandre Prot and Steve Anavi
• Stage: Series B

More company updates

• Aspire provides a financial operating platform for businesses in Southeast Asia. The startup has served over 10,000 companies to date since it was established in 2018 by CEO Andrea Baronchelli, who previously served as executive vice president of Lazada.
• The funding comes after Aspire launched Bill Pay, an invoice payment automation service, in May.
• The company also recently announced that it had reached US$1 billion in annualized transaction volumes, which came a year after the launch of its business accounts.
• Aspire plans to use the new capital to expand in its existing markets and build out its platform.

For more coverage of the company, head here. You can also click on the link below to view key details about the company as well as its funding history.