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FinTech news in early-stage startups category

Arbor Ventures gets $193M for an early-stage fintech fund in Singapore

The Singapore-based VC focuses on early-stage financial tech startups, but it operates with a pretty expansive view of what constitutes fintech; its portfolio includes startups working on AI, healthcare, crypto and (of course) several buy now, pay later schemes. Arbor Ventures, funder of fintech and shopping startups like installment loan company Tabby and Amazon brand factory Heyday, has locked down $193 million toward its largest fund to date, journalist has learned. Other fintech investors to make headlines lately include New York Kli Capital, which is raising a $50 million third fund, andΒ Jakarta, Indonesia-based AC Ventures, which is targeting $250 million for its fifth fund. Arbor did not respond to requests for comment on its plans for the money, but its deals over the past year seem as varied as ever; they span wholesale shopping site Ralali, AI insurance data firm Planck and HR startup HiBob.