Una, a Singapore-based startup that offers digital business banking services to small and medium-sized enterprises (SMEs), recently secured $40 million in a series B funding round. The round was led by new investor Asia Partners, with participation from existing investors, including Vertex Ventures.
Una’s platform allows SMEs to easily and quickly open business bank accounts, manage payments, and access a range of financial services, including credit and insurance. The company’s focus on serving the needs of SMEs in the Asia-Pacific region has made it a leader in the digital banking space, and its latest funding round positions it for continued growth and expansion.
Una’s co-founders, Manav Gupta and Ken Lai, were inspired to start the company after they each encountered difficulties opening 247sports business bank accounts and accessing financial services as entrepreneurs in Southeast Asia. They realized that there was a gap in the market for a platform that could provide accessible and affordable digital banking services to SMEs in the region.
The success of Una so far is a testament to the growing demand for digital banking services in the Asia-Pacific region. With the $40 million in funding, Una is well-positioned to continue its growth and expansion in the coming years.
What Is Una?
Una is a digital business banking startup that offers a range of financial services to small and medium-sized enterprises (SMEs) in the Asia-Pacific region. The company’s platform allows SMEs to easily and quickly open business bank accounts, manage payments, and access a range of financial services, including credit and insurance.
Una’s focus on serving the needs of SMEs in the Asia-Pacific region has made it a leader in the digital polyvore banking space. The company’s platform is designed to be accessible and affordable, with a range of features that are tailored to the needs of SMEs.
Una’s co-founders, Manav Gupta and Ken Lai, started the company in 2018. They were inspired to create the platform after they each encountered difficulties opening business bank accounts and accessing financial services as entrepreneurs in Southeast Asia. They realized that there was a gap in the market for a platform that could provide accessible and affordable digital banking services to SMEs in the region.
How Does Una Work?
Una’s platform is designed to make it easy for SMEs to open business bank accounts, manage payments, and access a range of financial dseklmsspace services. The platform is accessible via a web interface, as well as mobile apps for iOS and Android devices.
To open a business bank account through Una, SMEs simply need to provide some basic information, such as their business registration documents and identification documents for the company’s owners. Una’s platform then performs a background check to verify the company’s details, and the SME can start using the account within a matter of days.
Una’s platform also allows SMEs to manage payments, including outgoing and incoming payments. The platform supports a range of payment methods, including bank transfers, credit cards, and e-wallets.
In addition to business banking services, Una also offers a range of financial services, including credit and insurance. SMEs can apply for credit through Una’s platform, and receive a decision within a matter of days. Una’s platform also offers insurance products that are tailored to the needs of SMEs, such as business interruption insurance and cyber liability insurance.
The Future of Una
With $40 million in funding, Una is well-positioned to continue its growth and expansion in the coming years. The company has already established itself as a leader in the digital banking space, and its platform is already being used by a variety of SMEs across the Asia-Pacific celebrities age.
