Singapore-based StashFin Raises $40 Million
Summary
Singapore-based neo-banking startup Morus Technologies Pte Ltd StashFin has announced the successful completion of Series B Extension equity financing of USD 40 million from a clutch of global investors. The Company has been backed by a number of heavy-weight investors in financial services including Brett Rochkind (Managing Director at General Atlantic), Renaud Laplanche (Founder and CEO of Upgrade) amongst others. StashFin is among the growing global list of neo-banking startups including N26, Chime, NuBank, and Revolut that are providing digital banking services in various developed and emerging markets. Tushar Aggarwal, Founder & CEO of StashFin said, "We are sitting on a unique opportunity to enable millions of consumers to get closer to their dreams and improve financial inclusion. Despite the adverse macroeconomic conditions, we continue to partner with Tushar and his team; they are passionate founders, with a strong innovative product built on a robust technology platform that is addressing a huge market opportunity.