SINGAPORE, 27 September 2021 – Aspire believes that it’s time for great software and finance services to come together and create real value for a new generation of entrepreneurs and business owners who are not satisfied by the quality of financial services they are currently receiving.
Today, the average business uses 7 different providers to fulfil their end to end finance operating needs across accounting softwares, payroll managers, invoice management tools, FX providers, credit solutions, and multiple bank accounts.
“We see a world dominated by integrated platforms across various business functions such as Salesforce for Sales or Slack for Communication. We believe the same is happening for Finance and we are here to build the operating system for the SouthEast Asia digital economy” says Andrea Baronchelli, CEO and Co-founder of Aspire. “We build value for our customers by saving time, saving money, and boosting their growth."
The oversubscribed US$ 158 Million round, which consists of equity and debt funding, was 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.
A series of successful fintech founders such as Taavet Hinrikus (Co-Founder of Wise), Alexandre Prot and Steve Anavi (Co-Founders of Qonto), Pierpaolo Barbieri (Founder of Uala), Moses Lo (Co-Founder of Xendit), Hendra Kwik (Co-Founder of Payfazz), and Gerry Colyer (Co-Founder of Clara) have also joined 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.
Also Read: Aspire closes US$100M Series C round led by Lightspeed and Sequoia Capital SEA