Surfin Meta Digital Technologies raises $26.5M in oversubscribed funding round
- Editor
- Apr 23
- 2 min read
Whats Happening:
Surfin Meta Digital Technologies, a Singapore-based fintech company, has successfully completed an oversubscribed funding round, raising $26.5 million. The round was led by Woori Venture Partners, Washington University in St. Louis, and Phillip Private Equity, following an initial $12.5 million investment from Insignia Ventures Partners in October 2024. This funding will support Surfin's expansion into new markets and enhance its research and development initiatives.
Key Moves:
Surfin raises $26.5 million in oversubscribed funding round
New investors include Woori Venture Partners, Washington University in St. Louis, and Phillip Private Equity
Funding to support expansion into new markets and R&D initiatives
By The Numbers:
Total funding raised: $26.5 million
Initial investment from Insignia Ventures Partners: $12.5 million in October 2024
Phillip Capital Group manages over $65 billion in assets
Key Quotes:
"We are proud to close our funding round with strong interest from well-known institutional investors that also stand testament to Surfin's outstanding performance and potential to grow into a truly global fintech company." - Dr Yanan Wu, CEO and Founder, Surfin Meta Digital Technologies
"Surfin is at the forefront of a wave of companies driving equitable economic growth through data factories rather than physical ones." - Mr Yinglan Tan, Founding Managing Partner of Insignia Ventures Partners
"We are excited to back Dr Wu and his team in its ambition to redefine financial inclusion." - Mr Alan Ang, Director of Woori Venture Partners
Bottom Line:
Surfin Meta Digital Technologies' successful funding round demonstrates strong investor confidence in its mission to provide financial services to the underserved in emerging markets. The additional capital will enable Surfin to expand its reach, develop innovative technologies, and build a sustainable digital financial ecosystem across multiple countries.
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