All-in-one finance platform based in Singapore, Aspire, announces its successful Series C funding round, raising US$100 million in investments, led by Sequoia Capital SEA.
Aspire, a Singapore-headquartered FinTech startup, has successfully procured US$100 million in its latest Series C financing round. Showing tremendous growth potential since its launch in 2018, the investment stage followed widespread adoption of the company’s solutions in the Southeast Asian (SEA) region, and the proliferation of its annualised total payment volume of up to US$12 billion, which increased by three times.
The latest funding round was led primarily by Lightspeed and Sequoia Capital SEA, with participation from Paypal Ventures, LGT Capital Partners, and their existing benefactors Picus Capital.
The business-to-business finance platform aims to back the development and innovation of its solution offerings, while preparing for the growth and mass adoption of its product across SEA. Additionally, Aspire plans to expand its team and bring in more talent in the coming years to continue innovating and improving the FinTech space.
Established in 2018, Aspire offers a diverse range of financial solutions for businesses, which includes international payments, corporate cards, accounts management, and other services. AspireAccount, the platform’s flagship product, delivers accessible and effective cash flow administration, in addition to other B2B payment offerings to digital traders.
Presently, it serves over 15,000 companies, including many growth-stage startups, as well as small-to-medium-sized enterprises (SMEs) in the SEA region.
Aspire’s co-founder and CEO, Andrea Baronchelli, shared his vision of bringing finance back to the frontline of new-age enterprising and innovation in SEA: “From delivering real-time financial data, to fast and transparent cross-border payments, to empowering business teams with world-class spend management capabilities to move fast and move right – we look forward to empowering every modern business, big or small, with the right financial tools.”
With a well-positioned growth trajectory, the startup aspires to lead and reinvent the future of SEA’s burgeoning B2B FinTech ecosystem.
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