Singapore’s Arbor Ventures plots a new fintech fund • TechCrunch
Arbor Ventures, a backer of fintech and shopping startups such as installment lender Tabby and Amazon brand factory Heyday, has locked in $193 million for its largest fund to date, TechCrunch has learned.
The Singapore-based venture capital firm focuses on early-stage fintech startups, but it has a very broad view of what constitutes fintech; its portfolio includes startups working on artificial intelligence, health care, cryptocurrency and (of course) several buy now, pay later plans. Arbor aims to raise nearly $107 million more for its third core fund, which could total $300 million, with each Regulatory documents with the Securities and Exchange Commission.
Although headquartered in Southeast Asia, Arbor supports startups everywhere, with investors located in the following centers: New York, San Francisco and Tokyo. The company has made at least 70 investments to date and has more than a dozen exits, each brochure.
Arbor did not respond to a request for comment on its funding plans, but its trading over the past year appears to be as volatile as ever.They span wholesale shopping sites laraliAI Insurance Data Company Planck and HR startup HiBob.
Other fintech investors that have made headlines recently include New York-based Kli Capital, which is raising $50 million for its third fund, and Jakarta, Indonesia-based AC Ventures, which aims to raise $250 million for its fifth fund Dollar.