40 Million USD in Series B Extension Funding raised by Singapore based Neo Bank StashFin

StashFin is a Singapore based neo-banking start up. StashFin, founded in 2016, offers a Credit Line Card in partnership with VISA that permits customers to access their credit facility with easy monthly instalments and zero annual fees. Customers can order physical and virtual credit line cards that provide credit access across a broad array of digital payment infrastructure including POS machines, mobile wallets, and online payment gateway.

StashFin has announced the completion of Series B Extension equity financing of USD 40 million from a group of global investors. They are setting on a unique opportunity to enable millions of consumers to get closer to their dreams and improve financial inclusion said Tushar Aggarwal, the founder and CEO of StashFin. He also stated that South Asia is on the cusp of a financial revolution and their mission is to use technology to enable frictionless banking and services.

They are very much exited to join hands with their new equity partners to pursue this neo banking mission, and also grateful to their existing investors for the continuous support. During these difficult times, most aspiring consumers can avail the credit line to study further or serve immediate family needs for health and everyday consumption said Tushar in his statement.

Among the spherical consist of Altara Ventures and Uncorrelated Ventures with preceding investments out of Integrated Capital, Kravis Investment Partners, Saison Capital or Tencent Cloud Europe BV, new buyers are also taking part. Alto Partners, Snow Leopard Ventures or Positive Moves are the existing buyers who additionally participated into the round. The Company plans to use the funds to pursue neobanking across South Asia, as well as double down on its plan to grow in existing markets and strengthen the customer platform with local languages.