Singapore’s Aspire lands $100m in Series C funding
Singapore-based banking challenger Aspire has secured $100 million in a Series C funding round led by Lightspeed and Sequoia Capital SEA.
Also taking part in the round were PayPal Ventures and LGT Capital Partners as well as existing investors Picus Capital and Mass Mutual Ventures.
Founded in 2018, Aspire offers a suite of financial services products for businesses, including multicurrency accounts, international payments, corporate cards, and spend management solutions. It claims to serve over 15,000 start-ups and small and medium-sized businesses (SMBs) across Southeast Asia.
With the fresh funding, the company plans to further develop its product offering, expand its regional presence, and increase the size of its team.
Andrea Baronchelli, Aspire co-founder and CEO, says the firm aims to empower “every modern business, big or small, with the right financial tools to realise their full potential”.
The latest investment follows a $158 million Series B funding round held in September 2021. The start-up also secured a $32.5 million Series A round in August 2019.