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Aspire raises $58m in Series B funding

Singapore based neobank raised $58m in Series B funding from investors including DST Global, CE Innovation Fund, B Capital Partners and insiders MassMutual Ventures, Picus Capital, AFG and Hummingbird Ventures.

“What we’re trying to do is connect traditional banking services with software because we realize the biggest problem is that these two are completely disconnected,” co-founder and chief executive officer Andrea Baronchelli told TechCrunch. “So you have access to accounts, cards, but those are not powered by software. By putting them together, our vision is to move beyond the concept of digital banking and basically create an operating system where this banking product and software will co-exist.”

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banking, singapore