SINGAPORE, October 9, 2025 /PRNewswire/ — Southeast Asian digital bank Yup recently secured $32 million in its latest equity financing in its C-1 round, backed by US investment firms including Moore Strategic Ventures, Spice Expeditions and Platanus, with participation from other institutional investors and existing shareholders. The increase marks a pivotal moment for the company as it accelerates its efforts to expand its customer base and move closer to profitability.
Since its inception in 2021, Yup has demonstrated strong financial performance and consistent growth, cementing its position as one of Southeast Asia’s most promising platforms in fintech. The company now serves millions of credit card holders and hopes to break even by the end of 2025, an achievement that reflects both operational discipline and strong market demand.
Beyond financial performance, Yup advances financial inclusion by expanding access to affordable, technology-enabled financial services for underbanked and underserved populations in Southeast Asia. By providing working- and middle-class consumers with trusted digital credit and banking solutions, the company unlocks new economic opportunities while strengthening the region’s financial resilience.
“Since our first day, we have had a very clear vision: to become the leading payment tool for working and middle class customers in Southeast Asia. We have seen our revenue approximately double each year for the past three years, and we expect this momentum to accelerate further in 2026 and 2027,” said Donny Zhang, co-founder and CEO of Yup. “This round gives us the firepower to expand our reach and deepen our engagement with our users. We are delighted to have Moore Strategic Ventures, Spice and Platanus as strategic partners in our next phase.
The C-1 round brings Yup’s total equity funding to over $100 million, positioning the company for further expansion and potential strategic changes in 2026. “Over the past 4 years, we have successfully closed 6 equity fundraising rounds, even during periods of financial market volatility. The continued support from global investors speaks volumes about their confidence in our long-term vision and execution. added by Gavin Guo, CFO of Yup. “This funding will be used to take our customer base to the next level and further refine our product experience.”
Yup’s fundraising comes as global investors increasingly look to Southeast Asia for resilient and technology-enabled growth stories in the payments sector. Investors indicated that the great potential of the Indonesian market, which is one of the most promising emerging markets, and the company’s disciplined execution are the main reasons why they are betting on Yup. As macroeconomic winds continue and digital adoption accelerates, companies like Yup are once again attracting the attention of financial markets.
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