Wednesday, April 17, 2024
HomeRecent ArticlesSingapore-based Aspire Secures US$79M Funding

Singapore-based Aspire Secures US$79M Funding

All-in-one finance software for growing businesses, Aspire has secured US$79.15 million funding from its US-based holding company, according to latest filings with Singapore’s Accounting and Corporate Regulatory Authority (ACRA).
Aspire’s Co-founders(L-R) Andrea Baronchelli and Giovanni Casinelli

All-in-one finance software for growing businesses, Aspire has secured US$79.15 million funding from its US-based holding company, according to latest filings with Singapore’s Accounting and Corporate Regulatory Authority (ACRA).

Read also – Cardumen Capital Raises $120M For Second Deep Tech Fund

With the goal of strengthening its position in fintech research and development (R&D) in the region, Aspire established a new headquarters in Singapore. 

Read also – Dubai-based Silkhaus Secures Multi-Million Pre-Series A Funding

As per the ACRA filings, 15.8 million ordinary shares and 63.3 million redeemable preference shares would be allotted to enable this investment. The firm has not yet released an official announcement on the fundraising, which may involve a combination of debt and equity funding. Additionally, the company had intended to increase the number of fintech-specialists working in Singapore by double to 300 by 2025.

Read also – Qatar-based Droobi Health Merges with Smit.fit

About Aspire

Founded in 2018 and Headquartered in Singapore, Aspire is the all-in-one finance software for growing businesses. The company serves over 15,000 startups and SMBs in Southeast Asia, helping them save time and money with multi-currency accounts and cards, expense management, payable management, and receivable management solutions – all in one account.

Read also – Sakana AI Raises $30M to Develop Nature-Inspired AI in Japan

Aspire has over 400 employees across four countries and is backed by global top tier VCs, including Sequoia, Lightspeed, and Y-Combinator.

Read also – Bursa Carbon Exchange Collaborates with Malaysian Photovoltaic Industry Association

- Advertisement -
RELATED ARTICLES
- Advertisment -

Most Popular