Neobank Stashfin raises $270 million, tops $700 million valuation

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Neobank Stashfin raises $270 million, tops $700 million valuation

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Singapore-based Stashfin has raised $270 million in a new funding round as the neobanking platform, which currently only serves customers in India, looks to expand to Southeast Asia and other South Asian markets, it said Tuesday.

The new round values the startup between $700 million to $800 million valuation, Stashfin said.

The startup has raised $70 million against equity and $200 million as debt as part of its Series C funding round, Stashfin said.

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Author / Journalist: Manish Singh

Category: Technology

Topics: Uncorrelated Ventures Fintech Funding Fasanara Capital Finance Singapore Asia Abstract ventures India

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-06-21, 11:30:50

News Timezone: GMT -5:00

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Language: English

Reading Time: 4 minutes read

Article Length: 629 words

Coverage Area: United States

Availability: Desktop Web, Mobile Web

News ID: 2086

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