fbpx
  • Topics
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Enterprise & SaaS
    • Gadgets & Electronics
    • Health & Bio
    • FinTech
    • IoT
    • Transportation & Logistics
    • Marketplaces & E-commerce
    • Ecosystem
    • Robotics
    • Investments
    • EdTech
    • Featured
  • Deals
    • Private Equity
    • Venture Capital
    • IPO & Markets
  • Interviews
    • Investors’ interviews
    • Founders’ interviews
  • Governments
  • Lists
  • MORE
    • Events
    • Startups Advice
  • Submit an Article
  • REGISTER
  • login
No Result
View All Result
No Result
View All Result
Home FinTech

Neobanking startup StashFin to expand its service across South Asia

AsiaTechDaily Writer by AsiaTechDaily Writer
06 April 2021
in FinTech
0
StashFin

StashFin

1
SHARES
Share on FacebookShare on Twitter
Bookmark (0)

Please login to bookmark

No account yet? Register

StashFin, a Singapore-based startup, plans to use $40 million, its recent funds raised for neobanking across South Asia. The company plans to further expand its current market in South Asia and strengthen its platform for local language users. With this, StashFin ventures into the potential $1 trillion neobanking opportunities. Previously, it had built a model that focused on B2C use cases, which attracted millions of applicants. The company is one of the growing global neo-banking startups. Others include Chime, N26, Revolut, and NuBank. Each of these startups is providing digitally based banking services to developed and emerging markets. 

Founder & CEO of StashFin, Tushar Aggarwal said that the company has been blessed with the opportunity to enable its consumers to get close to their goals. He believes that South Asia is on a journey of financial revolution and StashFin’s mission is to leverage technology and provide seamless services and banking. 

$40 million in Series B Extension round

The neobanking startup raised $40 million from a bunch of global investors as a part of its Series B Extension round. In this round, the new investors who participated were Uncorrelated Ventures and, Altara Ventures. Existing investors Positive Moves, Kravis Investment Partners, integrated Capital, Alto Partners, Tencent Cloud Europe BV, Snow Leopard Ventures and, Saison Capital also participated in this round.

Koh Boon Hwee of Altara Ventures believes that technology is one way through which one can provide financial democratization and inclusion. He further said that despite the macroeconomic conditions, Altara Ventures wants to partner with StashFin because they have seen the company grow and believe in their innovative product.

Snow Leopard Global’s Chris Kolenaty also said that StashFin has continued to stay strong and grow despite the pandemic. He sees a potential in the personnel-lite, frictionless neo banking opportunity and wants to remain invested and support the business.Neobanking startup StashFin to expand its service across South Asia.

StashFin offers an array of digital payments

StashFin was founded in 2016. The company is in partnership with VISA and offers a Credit Line Card. VISA allows its customers to access their credit facility with zero annual fees and easy monthly installments. StashFin allows its customers to order virtual and physical credit line cards that provide credit access to various digital payment infrastructures such as mobile wallets, POS machines, and online payment gateway. The card features lifetime free annual fees, ATM withdrawals, Payback rewards and free supplementary cards. Singapore, with approximately 1,200 FinTech startups, owns a 52% market share in South East Asia and is now the hub for the FinTech industry.

Tags: digital paymentsFintechNeobankingSingaporeStashFin
Previous Post

Singapore’s e-commerce giant Shopee makes its way to the Indonesian food delivery market with ShopeeFood

Next Post

Facebook-backed Meesho enters the Unicorn club with $300 million funding led by Softbank Vision

Related Posts

edit post
MFast Secures $6 Million in Series A Funding to Expand Financial Access Across Vietnam
FinTech

MFast Secures $6 Million in Series A Funding to Expand Financial Access Across Vietnam

August 29, 2023
edit post
Shanghai's INCLUSION·Conference
Featured

Navigating Asia’s Premier Fintech Conferences: Shanghai’s INCLUSION·Conference, Hong Kong Fintech Week, and Singapore Fintech Festival

August 24, 2023
edit post
Atome Financial and HSBC Singapore Collaborate Again to Expand in the Philippine Market
Business

Atome Financial and HSBC Singapore Collaborate Again to Expand in the Philippine Market

August 16, 2023
edit post
Singapore’s Sunrate Secures Series D-2 Funding Led by Peak XV Partners for Global Expansion
FinTech

Singapore’s Sunrate Secures Series D-2 Funding Led by Peak XV Partners for Global Expansion

July 27, 2023
edit post
Shivom Sinha, CEO and co-founder of Bunker
FinTech

Singapore’s Bunker Raises US$5 M to Expand Financial Analytics Platform in the Region

July 25, 2023
edit post
Indonesian Fintech Startup Orderfaz Secures Pre-Seed Funding Led by 1982 Ventures
Financial Technology

Indonesian Fintech Startup Orderfaz Secures Pre-Seed Funding Led by 1982 Ventures

July 13, 2023
Next Post
edit post
Meesho raises $300 million in funding led by Softbank Vision

Facebook-backed Meesho enters the Unicorn club with $300 million funding led by Softbank Vision

Discussion about this post

No Result
View All Result

Popular Posts

  • The Top 5 Dating Apps In Asia – 2023

    71 shares
    Share 28 Tweet 18
  • Japanese EV Startup Terra Motors Raises $28 M in Series C Funding for Infrastructure Expansion

    37 shares
    Share 15 Tweet 9
  • How Rohan Gupta Co-Founder And CEO Of QuillBot Raised $4.25M To Make Writing Painless?

    16 shares
    Share 6 Tweet 4
  • Inshorts CEO Azhar Iqubal: The entrepreneur who got news curated for the Millenials & Gen Z 

    15 shares
    Share 6 Tweet 4
  • How Roland Ros, Founder Of Kumu Raised $6M To Build The #1 Grossing Social App In the Philippines?

    15 shares
    Share 6 Tweet 4
  • Kimberly Yao, CEO And Co-Founder Of CloudEats- A Pioneer Cloud Restaurant Company In SouthEast Asia

    14 shares
    Share 6 Tweet 4
  • Indian FinTech startup Jar raises US$32 million in Series A

    10 shares
    Share 4 Tweet 3
  • Yoma Strategic announces plan to acquire Telenor Group’s stake in Wave Money

    10 shares
    Share 4 Tweet 3
  • Park Jaebum, CEO of Sam Corporation: Pioneering ‘Korean Education Technology’ from Finland to Indonesia

    9 shares
    Share 4 Tweet 2
  • Top 5 Cross-Border Acquisitions To Eye for in 2023

    9 shares
    Share 4 Tweet 2




  •  Australia
  •  Austria
  •  Bangladesh
  •  Bhutan
  •  Brunei
  •  Bulgaria
  •  Cambodia
  •  Canada
  •  China
  •  Dubai
  •  Europe
  •  Finland
  •  France
  •  Germany
  •  Greater China
  •  Hong Kong
  •  India
  •  Indonesia
  •  Ireland
  •  Israel
  •  Japan
  •  Laos
  •  Lithuania
  •  Malaysia
  •  Mexico
  •  Mongolia
  •  Myanmar
  •  Nepal
  •  Netherlands
  •  New Zealand
  •  Norway
  •  Pakistan
  •  Philippines
  •  Poland
  •  Puerto Rico
  •  Qatar
  •  Russia
  •  Signapore
  •  Singapore
  •  South Korea
  •  Sweden
  •  Switzerland
  •  Taiwan
  •  Thailand
  •  Turkey
  •  Ukraine
  •  United
  •  United Kingdom
  •  United States
  •  Uzbekistan
  •  Vietnam

Topics

  • AI & Big Data
  • AR & VR
  • Blockchain
  • Clean Technology
  • Content & Games
  • Cybersecurity
  • Enterprise & SaaS
  • Gadgets & Electronics
  • Health & Bio

  • Ecosystem
  • EdTech
  • Featured
  • FinTech
  • Investments
  • IoT
  • Marketplaces & E-commerce
  • Robotics
  • Transportation & Logistics

FREE NEWSLETTER

Follow Us

Copyright © 2023 AsiaTechDaily.com| About Us | Seed accelerator| Terms of Use| Privacy Policy| Cookie Policy Contact : [email protected] | DMCA.com Protection Status | trusted by Wimgo

No Result
View All Result
  • Topics
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Enterprise & SaaS
    • Gadgets & Electronics
    • Health & Bio
    • FinTech
    • IoT
    • Transportation & Logistics
    • Ecosystem
    • Marketplaces & E-commerce
    • Robotics
    • Investments
    • Featured
  • Deals
    • Private Equity
    • Venture Capital
    • IPO & Markets
  • Interviews
    • Investors’ interviews
    • Founders’ interviews
  • Governments
  • Lists
  • MORE
    • Events
    • Startups Advice
  • Submit an Article
  • Forums
  • Jobs
  • REGISTER
  • Login

Copyright © 2023 AsiaTechDaily.com| About Us | Seed accelerator| Terms of Use| Privacy Policy| Cookie Policy Contact : [email protected] | DMCA.com Protection Status | trusted by Wimgo

We hope you enjoy our content, May you please give us Feedback regarding our website!

Single Post Feedback