Singapore’s fintech startup, Qapita, has raised US$17.2 million in a funding spherical believed to be pre-Collection B, including to the US$22.68 million secured in 2020 and 2021.
This newest monetary infusion noticed contributions from a mixture of present traders. Main the funding cost have been East Ventures, MassMutual Ventures Southeast Asia, and Cercano Administration, every committing US$3 million to the funding spherical.
The spherical was additional bolstered by contributions from Nyca Companions, Citi, and Endiya Companions, together with an funding from Analog Companions, a brand new middle-market funding agency led by former KKR Asia Pacific PE head, Ashish Shastry.
Whereas the regulatory filings accessed by DealStreetAsia have confirmed the fairness funding obtained to date, there’s an anticipation that the full spherical measurement could increase to incorporate further parts, presumably even debt financing.
Based in 2019 by Ravi Ravulaparthi, Lakshman Gupta, and Vamsee Mohan, Qapita goals to streamline fairness administration for corporations. Its platform provides a complete suite of companies, together with capitalisation desk administration, worker inventory possession plan (ESOP) administration, and a market for personal market securities transactions.
The acquisition of India-based ESOP Direct in 2022 marked a major enlargement, broadening Qapita’s consumer base throughout India and Southeast Asia.
