Surfin Raises US$12.5M to Expand Financial Technology Platform
Surfin operates in markets such as Indonesia, Mexico, the Philippines, Nigeria, Kenya, India, Uganda, and Australia, and has been built on a risk management system stress-tested by the behavior of 60 million users across three continents.
Company Name: Surfin
Location: Singapore
Sector: Financial Technology
Funding Details: Raised US$12.5 million in funding, led by Insignia Ventures Partners.
Purpose of Investment: The company will use the funds to expand its operations and further develop its financial technology platform.
Product and Innovation: Founded by Dr. Yanan Wu, Surfin began as a consumer lending platform and has since expanded into a comprehensive suite of financial services, including payments, remittance, credit card issuance, and wealth management. Utilizing AI and advanced analytics, the platform caters to the middle-class demographic, often underserved by traditional banking systems. The company's ecosystem offers scalable, data-driven financial solutions.
Recent Developments: In 2023, Surfin launched its credit card business, Sufinc, in Mexico in partnership with Visa. This product is designed to enhance Surfin’s consumer finance offerings in Central America, featuring flexible payment terms, no annual fees, and global acceptance.
About the Company: Surfin operates in markets such as Indonesia, Mexico, the Philippines, Nigeria, Kenya, India, Uganda, and Australia, and has been built on a risk management system stress-tested by the behavior of 60 million users across three continents. By deepening its services in areas like remittance and wealth management, Surfin continues its mission of financial inclusion in emerging markets.