Massachusetts Mutual Life was among the participants in the $32.5m round, which will help the online business lending service expand its presence in Southeast Asia.
Singapore-based online lending platform Aspire has raised $32.5m in a series A round that featured MassMutual Ventures Southeast Asia, a venture capital fund managed by insurer Massachusetts Mutual Life, TechCrunch reported yesterday.
The round was filled out by commitments from ArcLabs and existing investors Hummingbird Ventures, Picus Capital and Y Combinator.
Aspire operates an online platform that enables small and medium-sized enterprises to take out small loans of up to approximately $70,000 to fund business expenses. Andrea Baronchelli, Aspire’s co-founder…
