Neobank Stashfin raises $270 million, tops $700 million valuation

Singapore-based Stashfin has raised $270 million in a new funding round as the neobanking platform, which currently only serves customers in India, looks to expand to Southeast Asia and other South Asian markets, it said Tuesday.

The startup has raised $70 million against equity and $200 million as debt as part of its Series C funding round, Stashfin said. Uncorrelated Ventures, Abstract Ventures and Fasanara Capital financed the new round with participation from existing investors including Altara Ventures, Kravis Investment Partners and Snow Leopard.

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