Finance operating system for new-age businesses Aspire has closed an oversubscribed Series C round.

Led by Lightspeed and co-led by Sequoia Capital SEA, Paypal Ventures, LGT Capital Partners and existing backers Picus Capital and Mass Mutual Ventures, Aspire secured US$100 million.

Founded in 2018, Aspire plans to use the funding to enhance its product offering further and expand its regional presence, while increasing its team to continue to innovate in the space.

The company plans to add more talent across the region and help further, build the SE-Asia tech ecosystem while maintaining a solid business model with best-in-class unit economics in 2023.

“From delivering real-time financial data to fast and transparent cross-border payments, to empowering business teams with world-class spend management capabilities to move fast and move right - we look forward to empowering every modern business, big or small, with the right financial tools to realise their full potential,” said Andrea Baronchelli, Aspire Co-founder and CEO.