Singapore’s FinTech company, CrossFund, has raised an additional $1.5 million in its recent funding round, pushing its valuation to an impressive $47 million. The funding was secured from a consortium of family offices in the Middle East and North Africa (MENA) and Asia, along with prominent investors like BlockBase Ventures, UI Investments, Australian Gulf Capital, BXB Capital, and strategic angels.
CrossFund has rapidly become a preferred equity financing platform for startups in Southeast Asia (SEA) and the Europe, Middle East, and Africa (EMEA) regions. With a portfolio of over 80 investments and more than $40 million raised, CrossFund is a catalyst for innovation and economic growth.
Beyond its status as a FinTech startup, CrossFund is a facilitator for investors to access valuable startup equity in promising economies such as Indonesia, India, Vietnam, and the Philippines. These regions offer large populations, youthful and tech-savvy workforces, and substantial economic potential.
The fresh $1.5 million investment will play a pivotal role in CrossFund’s mission to expand its reach and impact further. The company is committed to early-stage investments in founders and aims to democratize access to startup equity in emerging economies. Based in Ho Chi Minh, Vietnam, CrossFund enjoys exclusive access to some of the most promising startups in Southeast Asia.
One of CrossFund’s distinguishing features is its use of AI in the vetting and fundraising process, coupled with Web3 integrations. This technology allows CrossFund to swiftly match investors with startups, considering factors like sector, stage, geography, and expertise.
By FCCT Editorial Team
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