Aspire, the leading financial services provider for start-ups and small and medium enterprises (SMEs), has recently announced the successful closure of their oversubscribed Series C round, which saw a total of US$100 million ($133 million) in investments from Lightspeed, LGT Capital, Partners, Sequoia Capital SEA, PayPal Ventures, Picus Capital, and MassMutual Ventures.
Financial Operating System (OS) for businesses
Aspire, dubbed the “Financial Operating System (OS) for businesses,” was launched in 2018 and has since offered businesses a range of financial services, including corporate cards, international payments, corporate cards, and earnings and expense management, all conveniently accessible through a single user-friendly account.
Expanding Product Offerings and Regional Presence
With the recent investment, Aspire has plans to enhance its products and services for SMEs further, expand their regional presence, and grow their team to continue innovating in the space. With the help of their investors, Aspire will be able to give new businesses in Southeast Asia the money they need to grow and reach their full potential.
Enhancing Financial Services for Modern Businesses
Aspire’s Co-founder and CEO, Andrea Baronchelli, expressed his excitement about the recent investment, stating that the company is committed to delivering real-time financial data and fast, transparent cross-border payments while empowering businesses with world-class spend management capabilities.
Baronchelli emphasised Aspire’s mission to empower every modern business, small or large, with the right financial tools they need to succeed, adding that the recent investment will help bring finance back to the driving seat of new age businesses in Southeast Asia.
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Aspire’s oversubscribed Series C round and the recent investment of $100m will undoubtedly further enhance the company’s position as a leading financial services provider for start-ups and SMEs. Aspire’s commitment to providing modern businesses with the right financial tools to succeed will empower the next generation of companies in Southeast Asia.
