Neobank StashFin receives $40m in series B extension funding from Altara Ventures and Uncorrelated Ventures

  • Neo-banking fintech startup raises fresh funding of US$40 million in s series B funding driven by Altara Ventures and Uncorrelated Ventures.
  • The company will use the fresh funding to strengthen the company’s operation, expanding offerings, adding more local languages, and creating a presence across the south Asian market.
  • The company is exceptionally performing outstanding In last few years, the company reported 200x growth.

Singapore-based neo banking fintech start-up StashFin has announced fresh funding of US$40 million in s series B funding driven by Altara Ventures and Uncorrelated Ventures.

In the funding round other investors including Integrated Capital, Kravis Investment Partners, Saison Capital, and Tencent Cloud Europe BV, along with existing investors Alto Partners, Snow Leopard Ventures, and Positive Moves also participated.

Founded in 2016 by Tushar Aggrawal, a digital lending venture that offers online applications for a personal loan. Before they received the latest funding, the company raised total funding of $35 million from investors. It has partnered with Visa to provide credit through virtual standard operating procedures which is simple and less time-consuming.

This platform provides both physical and virtual cards, which provides credit access to digital payment infrastructure including point-of-sales machines, mobile wallets, and online payment gateways. The cards offer ATM withdrawals, monthly installments, and payback rewards as well as free annual fees and supplementary cards.

With a team of 200 employees, the company The fresh funding will be utilized to strengthen the company’s operation, expanding offerings, creating a presence across SouthAsian market, and strengthen the customer platform for local languages.

The fresh funding will be utilized to strengthen the company’s operation, expanding offerings, and create a presence across the south Asian market.

The company is exceptionally performing outstanding In last few years, the company reported 200x growth.

With nearly 1,200 fintech startups and a 52% market share in Southeast Asia, Singapore has become a regional hub for the industry, according to StashFin. The firm added that it’s tapping into South Asia’s neo banking market, which is estimated to be worth US$1 trillion.

StashFin’s early investors include Brett Rochkind, managing director at General Atlantic, and Renaud Laplanche, founder and CEO of Upgrade, among others.

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