• Newsletter
  • Contact
  • Press Releases
Thursday, June 5, 2025
Stay Ahead with Heaptalk: Your Go-To Source for Business News
  • Login
  • Register
  • Whats on
  • News
  • Events
  • Technology
  • Industry
  • GovAct
  • Expert Talk
  • Insight
  • Sustainability
No Result
View All Result
Stay Ahead with Heaptalk: Your Go-To Source for Business News
  • Whats on
  • News
  • Events
  • Technology
  • Industry
  • GovAct
  • Expert Talk
  • Insight
  • Sustainability
No Result
View All Result
Stay Ahead with Heaptalk: Your Go-To Source for Business News
No Result
View All Result
Home Feature News

Singapore’s fintech Aspire closes a US$100 million in Series C round

Syifa by Syifa
October 9, 2023
in Feature News, News
0
Aspire
Share on FacebookShare on Twitter

Obtaining a Series C round from several investors, Aspire proves its progress by recording the transaction value up to three times, or approximately worth US$12m annually.

Heaptalk, Jakarta — Singapore-based neo-bank for small and medium enterprises (SMEs) startup Aspire has completed an oversubscribed Series C funding round worth US$100 million.

Lightspeed Venture Partners and Sequoia Capital led this investment round, with participation from Paypal Ventures and LGT Capital Ventures. Existing investors, spanning Picus Capital and Mass Mutual Ventures, also pour the capital into this funding round.

World Ai Jakarta 2025
World Ai Jakarta 2025

Securing the latest capital injection, Aspire intends to tackle the new fund to enhance its product offering further to lead the position as the most dominant B2B fintech app in Southeast Asia and broaden its regional presence while magnifying the company’s team to continue innovating in the financial technology industry.

In response to this newest injection, Aspire’s Co-Founder and CEO, Andrea Baronchelli, reveals his excitement to partner with these leading investors to bring finance back to the driving seat of new-age business in Southeast Asia.

“From delivering real-time financial data to speedy and transparent cross-border payments, we aim to empower business teams with world-class spend management capabilities to move more quickly and adequately. Thus, we look forward to empowering every modern business, big or small, with the right financial tools to realize its filled potential,”

Cited in TechCrunch, Baronchelli affirmed the company would focus on the new-age businesses, whereby the purchasing determination is increasingly driven by UX and pertinence, from one employee to more than 500 workforces. These users come from diverse industries, covering IT companies, professional services, goods, and startup businesses.

Regarding its business operations progress in Southeast Asia, Aspire continues to spring up in terms of its annual transaction value, enhancing three times or approximately worth US$12 billion. The company noted this output comes from over 15,000 clients in the region. As recorded by the company, most of Aspire’s customers operate its solution offered for payment accounts, payables and receivables management, and multi-currency management.

“Aspire has emerged as a leader in Southeast Asia’s B2B fintech space, with a complete end-to-end product for managing business finance, a strong track record of growth, and solid fundamentals. We are excited to partner with this team to achieve their goals for the future of financial services in the region,” The Partner of Lightspeed, Bejul Somaia, said.

To date, Aspire startup has expanded its presence in Indonesia, Singapore, Vietnam, and India, with the number of employees over 400 people. In 2023, Aspire expects to enlarge the team to bolster the better financial technology services in the region.

Established in 2018, Aspire provides financial services to simplify users in managing business operations finances. This application is an all-in-one platform to fulfill several financial matters, including international transfer, corporate card, payable and receivable management, financing management, accounts payable and accounts receivable management, and expense management, which can be accessed through one easy-to-use account.

Tags: aspire funding roundaspire series c fundingfinancial technology startup

Related Posts

Paving the Way for Expatriate Homeownership: Savyavasa and Permata Bank Launch Exclusive Foreign Mortgage Program

Paving the Way for Expatriate Homeownership: Savyavasa and Permata Bank Launch Exclusive Foreign Mortgage Program

June 5, 2025
KL1 Phase 2 has been completed. Credit: Equinix

Equinix completes KL1 Phase 2 data center in Kuala Lumpur

June 2, 2025
Commemorating Professor Soemitro's 108th anniversary at Soemitro Center (05/29). Credit: Haris

Soemitro Center: A platform for Indonesia’s young economists

May 31, 2025
Lifree breathable adult diapers can help improve skin health. Credit: Haris

Unicharm research: Lifree improves quality of life for elderly

May 31, 2025
Xiaomi's premiumization strategy has yielded positive results in Q1 2025. Credit: Sinta

Applying premiumization strategy, Xiaomi gains 64.5% net profit jump in Q1 2025

May 31, 2025
Kaspersky appointed Defi Nofitra as first country manager for Indonesia. Credit: Kaspersky

Kaspersky appoints Defi Nofitra as first country manager for Indonesia

May 31, 2025
  • 32321

    New tech layoff chapter, Microsoft lays off thousands of its cloud unit ‘Azure’

    1 shares
    Share 0 Tweet 0
  • Nokia rolls out 6600 5G Ultra

    0 shares
    Share 0 Tweet 0
  • Performing a second layoff round, Morgan Stanley to reduce 3,000 workforces in Q2 2023

    1 shares
    Share 0 Tweet 0
  • TikTok Shop to reach a US$15 billion in its GMV transactions

    1 shares
    Share 0 Tweet 0
  • International Women’s Day – Opportunity for Businesses to Support Women in the Workplace

    0 shares
    Share 0 Tweet 0
the 10th world battery & energy industry expo 2025World Ai Jakarta 2025
Heaptalk business news logo

We Build an Ecosystem by Sharing Business News, Headlines and Expert Talks in Professional Perspective and Positive Point of View. Latest business news media headlines platform today.

Recent Posts

  • Paving the Way for Expatriate Homeownership: Savyavasa and Permata Bank Launch Exclusive Foreign Mortgage Program
  • Equinix completes KL1 Phase 2 data center in Kuala Lumpur
  • Soemitro Center: A platform for Indonesia’s young economists
  • Unicharm research: Lifree improves quality of life for elderly
  • Applying premiumization strategy, Xiaomi gains 64.5% net profit jump in Q1 2025

Follow Us

Facebook
Twitter
LinkedIn Youtube Instagram RSS

Newsletter

  • About Us
  • Editorial
  • Newsletter
  • Contact
  • Privacy Policy
  • Cyber Media Guidelines
  • Disclaimer
  • SOP Perlindungan Wartawan

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Do not sell my personal information.
Cookie settingsACCEPT
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Non-necessary
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
SAVE & ACCEPT
No Result
View All Result
  • Home
  • News
  • Technology
  • Industry
  • GovAct
  • Events
  • Whats on
  • Expert Talk
  • Insight
  • Sustainability
  • Newsletter
  • Press Releases
  • Login
  • Sign Up

© 2024 Heaptalk.com