The underserved financial technology solutions provider Surfin Meta Digital Technologies, with its headquarters in Singapore, has announced that its oversubscribed funding round has been successfully completed.
According to a statement released by Surfin on Wednesday, Woori Venture Partners, Phillip Private Equity, and Washington University in St. Louis took part in this round, increasing the total funding to $26.5 million.
In addition to expanding the company’s research and development efforts to create a comprehensive suite of intelligent financial products in these markets, the proceeds will be utilized to support Surfin’s expansion into new markets.
The statement claims that the most recent funding round is an incredible accomplishment and milestone compared to the $12.5 million initial investment made in October 2024 under the direction of Insignia Ventures Partners.
Additionally, it shows that investors still have faith in Surfin’s business plan and its goal of helping emerging markets’ underbanked and unbanked.
According to Surfin, the company is in a strong position to expand its capabilities in order to create more cutting-edge technologies and create a long-lasting digital financial ecosystem with this additional funding.
“I have always believed that financial inclusion is critical towards helping less privileged people who face difficulties to access even the simplest of financial services in emerging markets,” said Dr Yanan Wu, Chief Executive and Founder of Surfin.
He claims that Surfin’s exceptional performance and potential to develop into a truly global fintech company are demonstrated by the funding round’s closure.
“…we believe the investors will provide us with additional guidance and resources with which to take on this challenge,” he added.
After working with numerous fintech companies over the years, Yinglan Tan, Founding Managing Partner of Insignia Ventures Partners, stated that it is uncommon to come across a business like Surfin that is bootstrapped and has expanded to scale across multiple markets while managing the subtleties and complexities of each.
“It has the potential to truly become multi-country and multi-product, a trajectory rooted in the company’s depth of consumer data at scale, which can be harnessed to deliver hyper-local, hyper-personalized financial services,
“Surfin is at the forefront of a wave of companies driving equitable economic growth through data factories rather than physical ones…its mission of financial inclusion for emerging markets has continued to attract the support of global investors,” he added.
