Fintech startup Aspire raises US$158M series B round

Singapore-based neobank, Aspire, raises US$158 Million series B round to double down on its All-in-one Finance OS for growing businesses in South East Asia.

Aspire raises $158 million in a round of series B funding. Image from Aspire's website.

Fintech startup Aspire has raised a $158 million 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.

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.

In May 2021, the B2B startup has reached $1 Billion (USD) in annualised transaction volumes, within one year of the launch of its business accounts in May 2020.

Founded in 2018, Aspire offers growing businesses across SouthEast Asia access to a suite of financial products through its all-in-one finance platform. The neobank is on a mission is to empower entrepreneurs with innovative tools for finance management.