Arbor Venturesfunder of fintech and shopping startups as an installment loan company Tabby and the Amazon brand factory Flourishinghas locked in $193 million in its largest fund to date, TechCrunch has learned.
The Singapore-based VC focuses on early-stage fintech startups, but operates with a fairly broad view of what fintech is; his portfolio includes startups he works on AI, healthcare, crypto and (of course) several buy now, pay later schemes. Arbor aims to raise nearly $107 million more for its third seed fund, which could reach a total of $300 million by regulatory documentation with the Securities and Exchange Commission.
Although headquartered in Southeast Asia, Arbor supports startups everywhere, with investors based in hubs such as new York, San Francisco and Tokyo. The firm has made at least 70 investments to date and has more than a dozen exits behind it Pitchbook.
Arbor did not respond to requests for comment on its plans for the money, but its deals over the past year appear to be as varied as ever; they cover wholesale shopping site RalaliAI data insurance firm Plank and HR startup Highbob.
Other fintech investors making headlines recently include New York Klee Capitalwhich is raising a third fund of $50 million, and is based in Jakarta, Indonesia AC Ventureswhich is targeting $250 million for its fifth fund.