Singapore’s Arbor Ventures plots a brand new fintech fund • TechCrunch

Arbor Ventures, funder of fintech and procuring startups like installment mortgage firm Tabby and Amazon model manufacturing unit Heyday, has locked down $193 million in the direction of its largest fund to this point, TechCrunch has discovered.

The Singapore-based VC focuses on early-stage monetary tech startups, nevertheless it operates with a fairly expansive view of what constitutes fintech; its portfolio contains startups engaged on AI, healthcare, crypto and (in fact) a number of purchase now, pay later schemes. Arbor goals to lift almost $107 million extra for its third core fund, which may attain a complete of $300 million, per a regulatory submitting with the Securities and Alternate Fee.

Although headquartered in Southeast Asia, Arbor backs startups throughout, with traders primarily based in hubs akin to New York, San Francisco and Tokyo. The agency has made no less than 70 investments to this point and has greater than a dozen exits underneath its belt, per Pitchbook.

Arbor didn’t reply to requests for touch upon its plans for the cash, however its offers over the previous yr appear as diversified as ever; they span wholesale procuring website Ralali, AI insurance coverage information agency Planck and HR startup HiBob.

Different fintech traders to make headlines recently embody New York’s Kli Capital, which is elevating a $50 million third fund, and Jakarta, Indonesia-based AC Ventures, which is concentrating on $250 million for its fifth fund.

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