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Singapore-based neo-banking startup StashFin has announced the successful completion of Series B extension equity financing of $40 million from a clutch of global investors. New investors participating in the round include Altara Ventures and Uncorrelated Ventures with previous investments from Integrated Capital, Kravis Investment Partners, Saison Capital, and Tencent Cloud Europe BV. Existing investors also participated in the round including Alto Partners, Snow Leopard Ventures, and Positive Moves.
The company plans to use the funds to pursue neo-banking across South Asia, double down on its plan to grow in existing markets, and strengthen the customer platform for local languages.