Arbor Ventures, a funder of fintech and shopping startups like installment loan company Tabby and Amazon brand Factory Heyday, has locked down $193 million for its largest funding yet, TechCrunch has learned.
The Singapore-based VC focuses on early-stage financial technology startups, but it takes a pretty broad view of fintech formation; Its portfolio includes startups working on AI, Healthcare, crypto and (of course) several buy now, pay later schemes. Arbor aims to raise about $107 million more for its third seed round, bringing the total to $300 million. A regulatory filing with the Securities and Exchange Commission.
Although headquartered in Southeast Asia, Arbor supports startups everywhere, such as investors in hubs New York, San Francisco And Tokyo. The firm has so far made at least 70 investments and more than a dozen exits under its belt, Pitchbook.
Arbor did not respond to requests for comment on its plans for the money, but its deals over the past year appear to be as diverse as ever; They are a wide range of wholesale shopping sites RalaliAI Insurance Data Firm Plank and HR startup HiBob.
Other fintech investors to make headlines lately include New York’s Kli Capital, which is raising $50 million in its third fund, and Jakarta, Indonesia-based AC Ventures, which is targeting $250 million for its fifth fund.