Data Vantage | Atome, Aspire unit bag capital from parents as Elfie, Animeta raise funding

Edition #273, 16 May 2023

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Singapore-headquartered buy now, pay later (BNPL) services provider Atome allotted new shares worth [redacted] million to its parent company Neuroncredit last week, pushing its total paid-up capital to date to more than [redacted] million.

Earlier this month, Neuroncredit’s parent company, Advance Intelligence Group, announced securing an $80 million financing led by Warburg Pincus and Northstar.

The group’s subsidiaries include risk management solutions provider Advance.AI, Indonesia-based peer-to-peer lending firm Kredit Pintar and merchant services platform Ginee.

Last week, a Singapore-registered unit of fintech firm Aspire received [redacted] million in capital injection from its parent company. The latest transaction pushed its total capital infusion to [redacted] million, our data shows.

Previously in February, Aspire announced a $100 million Series C round co-led by global venture capital firm Lightspeed Venture Partners and Sequoia Southeast Asia.

Founded in 2018, Aspire offers a suite of financial services, including international payments, corporate cards, and payable and receivable management.

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Other updates from DATA VANTAGE

Singapore-headquartered health monitoring tech startup Elfie received [redacted] from Philippine venture capital firm Gentree Fund last week. The investment is part of the company’s new funding round.

Animeta, a Singapore-based company that helps digital creators grow their network and maximise earnings, allotted new shares worth nearly [redacted] to media executive-turned-investor Rajesh Kamat and Den Networks chairman Sameer Manchanda.

India’s first crypto exchange Unocoin allotted new shares worth more than [redacted] last week to a group of investors, including XBTO Humla Ventures and Knickerbocker Capital. The company had last announced raising an undisclosed amount in 2020 in a funding round led by US-based investment firm Draper Associates.

US-based financial services firm [redacted] received more shares last week in Singapore-based wealth management platform Canopy. The latter has raised close to [redacted] million in funding to date.

Indonesian B2B online marketplace Ula reported a 45 times increase in revenue in 2021. The revenue growth, however, came with deeper losses as the company’s net loss surged to $19.4 million during the year.

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