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New Deal


Announced

Completed

DST, CE Innovation and B Capital led a $158m Series B funding round in Aspire.

Financials

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Transaction Value£115m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Private Equity

Insurance Brokers

retirement solutions

retirement planning

Completed

Cross Border

Friendly

Minority

Venture Capital

Acquisition

Private

Singapore

Synopsis

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DST, an Internet investment firm, CE Innovation, a venture fund, and B Capital, an investment firm, led a $158m Series B funding round in Aspire, a neobank. Other investors include MassMutual Ventures, Picus Capital, AFG, Hummingbird Ventures and Fasanara Capital. The company plans to build an end-to-end ecosystem. Aspire is currently working on building out its payroll system, because many of its clients have employees in different countries. It is also adding more features to its invoice management tool to make reconciling payments with account balances easier.

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