Business
Yup, The Southeast Asia "Nubank", Raises $32 Million in C-1 Round, Bringing Total Equity Funding to over $100 million
Southeast Asia's digital bank Yup has recently secured $32 million in their latest equity funding through 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 raise marks a pivotal moment for the company as it accelerates efforts to expand its customer base and edge closer to profitability.
About this update from Nu Holdings Ltd.
[{"type":"text","content":"SINGAPORE, Oct. 9, 2025 /PRNewswire/ -- Southeast Asia's digital bank Yup has recently secured $32 million in their latest equity funding through 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 raise marks a pivotal moment for the company as it accelerates efforts to expand its customer base and edge closer to profitability.","length":485,"tagName":"p"},{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":400,"url":"https://media.zenfs.com/en/prnewswire.com/6a44fc18759aebd9466aefc810377d2b"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/YtsdSQtA1ebLUMNQpc93eA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTU2MDtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/6a44fc18759aebd9466aefc810377d2b","width":300,"height":400}},"href":"https://mma.prnewswire.com/media/2791427/20250927_204504.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"Since founded in 2021, Yup has demonstrated robust financial performance and consistent growth, cementing its position as one of Southeast Asia's most promising platforms in Fintech space. The company now serves millions of credit card holders and expects to reach break-even by the end of 2025—an achievement that reflects both operational discipline and strong market demand.","length":381,"tagName":"p"},{"type":"text","content":"Beyond financial performance, Yup is advancing financial inclusion by expanding access to affordable, technology-driven financial services for underbanked and underserved populations in Southeast Asia. By providing working- and middle-class consumers with reliable credit and digital banking solutions, the company is unlocking new economic opportunities while reinforcing the region's financial resilience.","length":411,"tagName":"p"},{"type":"text","content":""We have a very clear vision since our Day 1, which is to be the principal payment tool for the working-class / middle-class customers in Southeast Asia. We have seen our revenue approximately double each year for the past three years, and we expect that momentum to accelerate even further in 2026 and 2027." said Donny Zhang, Co-Fou...