Singapore based revenue-based financing startup for Southeast Asian companies raised $6.3m in Series A funding led by Monk’s Hill Ventures.
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Jenfi raises $6.3m in Series A funding
Liu launched Jenfi with Justin Louie in 2019, after seeing how traditional financial institutions were lagging behind Southeast Asia’s digital boom. The two previously founded GuavaPass, the fitness studio membership platform that was acquired by ClassPass in 2019. Jenfi’s creation was motivated by some of the challenges Liu and Louie faced while financing a high-growth startup focused on Asian markets.
