Aspire, an all-in-one finance platform for modern businesses, announced the official opening of its new headquarters (HQ) in Singapore yesterday (November 29), as the company doubles down on driving fintech R&D and innovation in the region.
The HQ will serve as the company’s financial technology excellence hub in Singapore, through which it will drive product R&D and invest in strategic technologies at the core of the fintech industry such as cybersecurity and artificial intelligence.
One such example is a whitepaper on the opportunity and practical implications of AI for finance teams — jointly published with PwC Singapore — which Aspire plans to embed learnings directly into its suite of products.
Alongside the launch, Aspire announced the company’s plans to double its local workforce of skilled fintech talent across various departments including engineering, product and data analytics in Singapore to 300 by 2025.
Singapore has been the epicentre of our regional operations, thanks to its international connectivity, skilled tech workforce, and robust government support for fintech innovation. We are fully committed to the local fintech ecosystem and plan to invest more to continue to tap on the nation’s strong infrastructure and foundations.
The next generation of Asian businesses needs an integrated, borderless, modern finance solution. At Aspire, we’re building the future of business finance for APAC’s digital economy.– Andrea Baronchelli, CEO and co-Founder, Aspire.
Aspire has raised more than US$300 million
Earlier in February, Aspire closed an oversubscribed Series C funding round, raising US$100 million from a group of investors that include Lightspeed, Sequoia Capital SEA, Paypal Ventures, LGT Capital Partners, Picus Capital, and Mass Mutual Ventures.
Since its launch in 2018, the company has raised a total of more than US$300 million. Today, Aspire boasts a client base of over 15,000 businesses across Asia, and has successfully achieved profitability this year.
It was also recently recognised as one of the Top 100 most promising fintech startups globally.
Speaking at the opening event, Peter Ong, Chairman of Enterprise Singapore said, “I am heartened to see Aspire continue pushing the boundaries of fintech to drive the growth and transformation of more businesses.”
“Aspire’s plans to expand its team in Singapore is a positive step forward that will help to spark more innovation in our startup ecosystem. Enterprise Singapore is committed to working with our partners to deepen support for startups such as Aspire, and help them scale locally and abroad.”
Featured Image Credit: Aspire