Indonesiafocused fintech Honest Bank raises additional 17m from
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Gunderson Dettmer represented client Insignia Ventures Partners, an early-stage venture fund with a focus on Southeast Asia, as it led the $19.7 million Series A financing of Honest Bank, a Singapore-headquartered fintech company with operations in Indonesia founded by Will Ongkowidjaja, founding partner at Alpha JWC Ventures. According to.
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Honest Bank aims to become a leader of the credit card market in South-East Asia. The project got off the ground in Indonesia where only 3% of the population have credit cards. Previously, the Honest Bank founders worked for investment banks, fintech-focused venture funds, and the Big Four firms.
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Honest Bank may become an Asian Nubank," said Alan Vaksman, founder and managing partner at Digital Horizon. Digital Horizon is an international investment company that runs a venture fund and a.
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Singapore's Honest Bank raises USD 19.7 mln. Additional investor Digital Horizon added USD 5.5 million. Honest Bank aims to become a leader of the credit card market in South-East Asia. The project got off the ground in Indonesia where only 3% of the population have credit cards. The funding raised during the round will be used to receive a.
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11 April, 2022 Singapore-based fintech firm Honest Bank has raised an additional $17 million from existing investors, sources familiar with the matter told DealStreetAsia. Start your deal-making journey now! Subscribe now to enjoy unlimited access at just $59. Premium coverage on private equity, venture capital, and startups in Asia.
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Singapore-based Honest Bank has reportedly hit a $113m valuation, following the close of a $19.7m Series A. The investment was led by Insignia Venture Partners, with commitments also coming from XYV Venture Capital, Digital Horizon, Better Capital Partners and Alumni Ventures, as well as others, according to a report from Tech in Asia.
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