The fintech company Aspire just closed a $100 million series C round. The capital raise was led by Lightspeed and Sequoia Capital SEA and included participation from PayPal Ventures, Tencent, LGT Capital Partners, and existing backers.
Founded by Italians Andrea Baronchelli and Giovanni Casinelli in 2018 from within Y Combinator, Aspire offers international payments, business cards, debt and credit management, and other financial services. The company said its total payments volume has grown 3-fold to $12 billion, with more than 15 thousand customers across Southeast Asia. The startup’s flagship product is AspireAccount, which offers cash flow management and B2B payment services to digital merchants.
If you want to read more details about Aspire and find the most important business news of the day, download for free our companion app Born2Invest. Our team of seasoned writers will keep you up to date with the latest market update so you can stay on top of everything that matters to you.
Aspire’s sprint to Asia
The brainchild of Andrea Baronchelli and Giovanni Casinelli in 2018 in Singapore, Aspire already has a presence in major SEA countries and aims to be an “All in one, financial operating system” a true agency system that helps small and medium-sized businesses manage all financial services, while also helping with the company’s incorporation phase, all online, integrated and fast.
Aspire was initially incubated by Ycombinator, a U.S.-based company, and later opened its doors to a number of multi-cultural investors with diverse professional backgrounds. And it is precisely the multicultural factor that stands out in the Aspire team, which currently consists of more than 400 people of whom 42 percent are women, from 14 nationalities, and with 20 languages spoken in total.
“From the provision of real-time financial data, to fast and transparent cross-border payments, to empowering business teams with world-class spend management capabilities to move quickly and act right: we look forward to empowering every business, large or small, with our state-of-the-art financial tools,” said Andrea Baronchelli , co-founder and CEO of Aspire. With the capital injection, Aspire plans to enhance its financial product offerings throughout Southeast Asia. Prior to this round, the startup raised nearly $200 million.
DISCLAIMER: This article was written by a third party contributor and does not reflect the opinion of Born2Invest, its management, staff or its associates. Please review our disclaimer for more information.
This article may include forward-looking statements. These forward-looking statements generally are identified by the words “believe,” “project,” “estimate,” “become,” “plan,” “will,” and similar expressions. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed in the following cautionary statements and elsewhere in this article and on this site. Although the Company may believe that its expectations are based on reasonable assumptions, the actual results that the Company may achieve may differ materially from any forward-looking statements, which reflect the opinions of the management of the Company only as of the date hereof. Additionally, please make sure to read these important disclosures.
First published in StartupItalia, a third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.
Although we made reasonable efforts to provide accurate translations, some parts may be incorrect. Born2Invest assumes no responsibility for errors, omissions or ambiguities in the translations provided on this website. Any person or entity relying on translated content does so at their own risk. Born2Invest is not responsible for losses caused by such reliance on the accuracy or reliability of translated information. If you wish to report an error or inaccuracy in the translation, we encourage you to contact us
Bitcoin Jumps to Over $62,000 – Records for ETFs
Optimists are already looking ahead and say that Bitcoin's price curve will advance to previously unknown levels after reaching $68,000....
FTX Bankruptcy: How Sam Bankman Fried’s Lawyers Want to Avoid Him from Life Imprisonment
Sam Bankman Fried, the former CEO of the collapsed FTX empire, may face a life sentence. His defense strategy revolves...
Banking Shares Represent Half of the Investments of Spaniards in the Ibex 35
During last year, the volume of purchases by retail investors of Ibex 35 shares was 20.6 billion euros and the...
Bitcoin, Soon an ATH of 70,000: Investors also FOMO These 5 Cryptos
With Bitcoin's recent performance, many investors are anticipating that the crypto could reach a new high before its next halving....
Vytrus Biotech Plans to Triple Sales and Reach 12 Million in 2027
Vytrus Biotech projects that by 2027, 60% of its revenue will be derived from its current plant stem cell business,...