Singapore-based StashFin has secured $40m in series B extension financing.
The round was backed by new investors including Singapore’s Altara Ventures and US-based Uncorrelated Ventures.
The pair was joined by Integrated Capital, Kravis Investment Partners, Saison Capital and Tencent Cloud Europe BV.
Existing backers Alto Partners, Snow Leopard Ventures and Positive Moves also joined.
Utilising the fresh capital, StashFin intends to pursue neo-banking across South Asian markets.
It also aims to drive growth in existing markets as well as enhance the customer platform for local languages with the money.
StashFin founder and CEO Tushar Aggarwal said: “We are sitting on a unique opportunity to enable millions of consumers to get closer to their dreams and improve financial inclusion. South Asia is on the cusp of a financial revolution.
