Surfin Secures $26.5M to Expand Fintech Access in Emerging Markets

Surfin Meta Digital Technologies, a Singapore-based fintech focused on underserved communities, has raised $26.5 million in its latest funding round. Woori Venture Partners,  Phillip Private Equity and Washington University participated, following a previous investment led by Insignia Ventures Partners in the Q3 of 2024. The new funding marks a major milestone from Surfin’s initial $12.5 million round. 

With the fresh capital, Surfin plans to strengthen its technological capabilities and build a sustainable digital financial ecosystem. The proceeds will support its expansion into new markets and enhance research and development efforts to offer a comprehensive suite of intelligent financial products for underserved communities.

Dr. Yanan Wu, CEO and Founder of Surfin Meta Digital Technologies, said he believes financial inclusion is crucial for helping less privileged populations in emerging markets access essential services. He expressed pride in closing the round with strong backing from leading institutional investors. He shared excitement about working closely with Insignia Ventures, Woori Venture Partners, Washington University in St. Louis, and Phillip Private Equity.

Yinglan Tan, Founding Managing Partner at Insignia Ventures Partners, highlighted Surfin’s unique achievement of scaling across multiple markets while remaining bootstrapped. He emphasized the company’s strength in harnessing consumer data to deliver hyper-local, personalized financial services and praised its role in promoting equitable economic growth.

Alan Ang, Director at Woori Venture Partners, commended Surfin’s progress in building an ecosystem of tech-driven financial services across countries like Indonesia, the Philippines, India, and Mexico. He noted that the company had achieved this growth even before receiving institutional funding and expressed enthusiasm for supporting its next phase.

Grace Tang, CEO and Managing Director of Phillip Private Equity, stated that despite market challenges, Surfin has focused on building a sustainable business model while advancing financial inclusion. She said they were proud to back Surfin’s journey towards becoming a global fintech leader. 

Ms. Deng Luming, CEO of Haitong International Securities (Singapore), praised Surfin’s mission and leadership, emphasizing the importance of financial inclusion through technology in emerging markets. She noted that the success of the funding round is a testament to Surfin’s vision, the strength of Dr. Wu’s leadership, and the trust the company has earned from investors. Haitong International Securities was the financial advisor for this funding round, contributing to the company’s continued growth.