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Finture's YUP raised $30M in a Series B funding round led by MindWorks Capital to support market expansion in Southeast Asia and prepare for acquiring a banking license in Indonesia.

Sep 11, 2024over 1 year ago

Amount Raised

$30 Million

Round Type

series b

JakartaFintechFinance

Investors

Antao CapitalRichen PioneerSwc GlobalXvcMind Works Capital

Description

Finture, a Singapore-based fintech company, has successfully raised $30 million in its Series B funding round. The funding will be utilized for expanding market presence in Southeast Asia and working towards acquiring a banking license in Indonesia.

Company Information

Company

Yup

Location

Jakarta, DKI Jakarta, Indonesia

About

Yup is a product operated by PT Finture Tech Indonesia ("Finture" or "Yup"). Finture is a financial technology company that has been recorded with the Financial Services Authority (OJK) as a Digital Financial Innovation Provider (IKD) based on a Registered Evidence Certificate. No. S-266/MS.72/2021 dated August 26, 2021.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech